BSEIndia: All Stock Market News: RE: [sharetrading] Genus power

Tuesday, January 05, 2010

RE: [sharetrading] Genus power

Daily is indicating a weak buy and weekly has not yet. Wait

Abe

From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On Behalf Of Prafulla Toke
Sent: Tuesday, January 05, 2010 7:39 PM
To: sharetrading@yahoogroups.com; sharetrading@yahoogroups.com
Subject: [sharetrading] Genus power

Abe Sir,

thanks for ur detail reply on genus power infra.

the same way as per my knowledge PURAVANKARA PROJECTS is also showing good opportunity to buy.

ur reply on Puravankara pl.

thanks n regards

prafulla toke

From: A P Abraham <abrahamap@airtelmail.in>
To: sharetrading@yahoogroups.com
Sent: Tue, January 5, 2010 11:24:37 AM
Subject: [sharetrading] Genus power

Recently one of the member’s had sent a private query…………….. last sunday

This was my answer then…….

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As of last close, it is still not a technical buy as weekly has not yet generated buy signal. Also the volumes show lack of interest, hence the driving force is missing. However, if you think the stock is worth as a LT pick, one may enter. Remember 23% of stock was pledged. It is down to 18%. Also the interest payments are reducing……

Dalal street shows BV of 168. With that as a basis for calculations the IV is very high (Rs 600). Hence you may BUY with a very long outlook.

Overall considering the prospects that this stock should return good numbers in LT and the field of operation being a sensitive sector, one may INVEST with a 2 year perspective minimum. But be prepared to see the price dip as much as another 50%, considering that it has come down from Rs 900 levels.

SL 131. Buy as close as possible to this number…………………..

Abe

But now with the market so strong, this could give some good return………………….

SL – 168………………..

Abe