LOOK AT BUSINESS MODEL..NOTHING GREAT..AND YOU CARRY RISK FOR OBSELETE TECHNOLOGU..SMS RATES ARE FALLING..RCOM OFFERING FREE VIDEO DOWNLOAD...YOU SHOULD CHOOSE BETTER STOCKS WHERE PRICE APPRECIATE IS SURE AND CAN SLEEP SOUNDLY..RST IS YOUR VIEW
FIIs have high holding in the stock which poses a risk as they exit enmasse when they see earnings growth has halted.geodesic wellknown for its mundu brand is dependant on telecom cos who are themselves in trouble.this stock was rarely trading below 100 but now seems there is distribution pattern and stock not rising.but at times it is difficult to differentiate between accumulation and distribution as both patterns give same type of feeling.if it crosses 100 it will jump and if falls below 90 it will be dumped.at times i get excited to inform other investors as i was badly beaten up by a FIIs loved stock called prajay egineer.but good thing is this has made me more wise now i think like a blind man using his stick as a test check every moment of walk every investor should do his own research before investing.
please update your list of companies as there are many ups downs since may 09.i had selected gemini com but as i could not understand game plan of operators probably with backing of promoter i exited at loss other wise i could double my money.
Most of my suggestions to invest are in stocks that I have either invested myself in or in which I plan to invest. However, I also answer queries about stocks I have neither invested in, nor plan to invest.
I too had invested in Geodesic. My investment was at Rs.124 and I have a strict stop loss of 20% in any share. So, even if I am damn sure of a scrip, if it hits my stop loss of 20%, I quit the scrip. The only exception is when the price at 20% loss is a major support and the share is not likely to fall any further.
So, I had quit Geodesic at Rs.100. I would not advice others to quit when I quit as I do not know their purchase prices for stop loss.
The major support for Geodesic is at Rs.88 and I feel it will not go down much below that.
Geodesic, despite its decent quarterly results for September 2009, has got hammered as a telecom scrip and most telecom scrips have had a bad time. However, the gradient of fall is reducing and the volumes are also falling indicating that support is close at Rs.88.
Even after hitting Rs.88, the share price may not make a V-shaped bounce. In fact it may move sideways for a while before deciding on the next upmove.
You need to take a relook at Geodesic as a telecom stock at Rs.88 levels. Even if you feel the sector cannot get back to its previous glory, a technical bounce of about 33% of the fall may occur in these stocks. You could use that bounce to quit the stock.
Sorry if my suggestion did not work out for you. My intentions were genuine.
I felt some hatred towards MMB due to nonsense debates put forward by some boarders (so called expert boarders but really hopeless creatures) and so did not update my list of companies given earlier. All the companies (more than 42 companies recommended by me from May/09 till date), I have reviewed all and found satisfaction with the result that only three companies have to be deleted from my list due to performance less than the expected. Anyway, on your request and seeing that 1162 visitors have seen my profile till date and tracked me so far, I became enthused to review the list of companies. I found that not much change is required but to mark those three companies as stands deleted, they being Temptation Food, Noida Toll Bridge and (forgot the third). Taking self satisfaction on my performance, I have added some more companies today to my list with long term BUY and MULTI-MULTI-BAGGER rating:
Volume and price movement of last few days brings a message that FII selling might be over. A sensational news about a new product development by this company is in the offing.
In this regard, I shall try to remind you about the story of the Hindu priest, who was compelled to free the goat he received as offering, on the advise and criticism of some frauds, telling it a dog. Please recognise that this is the goat received by that priest and not a dog. Those same FIIs will grab it at lower prices making it to jump 20% UC for consecutive 2 days and then you will repent badly. Try to recognise the value of old Goodys.
You are one great boarders who share so much useful information about stocks and market, I really want to thank you for including me in your list. I really read your messages and which makes me believe how much hard work you put to share so much valuable info with us.
prjayachandranji,
it`s wonderful to have such frank and opinionated senior boarders like yourself and poorfellowji to look up to.have been follwing many of your posts for a while. :)
I guess the poorfellow method of accumulation, which i`m a great fan of, would work wonders in acquiring some of these high beta, but high growth posibility stocks like geodesic.. I agree with your analysis that 88 would be ideal price to get hold of some geod stocks and recover the capital amount while keeping free stocks for long term..as from 88/89, it looks good for an technical bounce back..
thanks for poorfellow for highlighting to us boarders the benifits of this superb technique .
(In crises, there lies gr8 opportunities..)
Cheers
Jashn Sarvi
Yes, the intrinsic value of Geodesic, an old good stock, cannot be compared with new companies (un-tested strength and intrinsic value like RCom, Bharti Airtel etc.). It is certain that Geodesic will bounce back anytime.
I know particulary the stock Geodesic that it is developing a product which will sensationally thrill the VOIP (Internet voice telephony with genuine giant customers like Google) very shortly. BUY and Hold (Wait) for this stock to jump anytime to 20% UC consecutively for some days within nwxt 20 sessions. Technically, it is now at the major support level of Rs.89/-.
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