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i have 300 shares of M&M, is it right time to book profits as the shares has touched ... Read full message
8.01 PM Nov 9th 2009   | Track |  Tracked by : 4 boarders
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i have 300 shares of M&M, is it right time to book profits as the shares has touched Rs 1000/-, as there is posibility that there would be correction in the market, and one can re-enter this stock at lower levels. your suggestion, and till what price the price would go up or down.
Pls, suggest.
8.01 PM Nov 9th 2009
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the levels u see r justified till now because results were the best reported yoy qoq but is sustainable or not we have 2 see common sense tata mot maruti hero bajaj all 2/4 wheeler stocks had already run up beyond fundamentals m&m did not participate in the initial rally so in a way it was catching up it would continue to do so till 1080 to 1105 but the riskreward ratio after 1055 would be in favour of risk consindering a correction is expectedwatchout for 1082-1103 to sell and re-enter
10.43 PM Nov 12th 2009
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