Averaging time again

Suzlon Energy is going down again... I had only 850 Rs. in my account... and I had purchased Suzlon Energy stocks @ 308, so I decided to average loss... so today I purchased 3 stocks of Suzlon Energy @ 275.

So now I have total 6 shares of Suzlon Energy @ 291.93.

Blind purchase

Today I purchased 15 shares of HT Media @ 127.35. It was blind purchase I just checked companies statistics and not products. Mostly I search companies which are having good products. Astra Microwave is one of them.

I found this company can give me good result in the long term.

Their was one more reason to purchace HT Media, I found this stock is undervalued(i.e. it was running very close to its 52 weeks low).

Any ways today it self it's price reached to 132. So at least I am happy for today.

Market is down

Now a days market is down... and i know this is right time to invest... But first I will do my tax saving investment.. As market is down... mutual funds are also down... and I want to take advantage of it.... though market is down, but still stocks which I am watching are not at buy level... so I am thinking to do tax saving first... and after tax saving I will think on to invest in stocks.....

I am watching stocks like... SAIL in steel .... PNB in banking... CIPLA in pharma.... DLF in infra.... and HCL in IT sector....

Resume of my life

Today only I read my friends blog.
http://shete007.blogspot.com/2008/05/my-first-blog.html

And I am really worrying.... I really have very few information to fill this resume... Most of the fields are blank....

We get so involved in earning money that we never care about our life.....
I am trying to fill this resume of life honestly.....

Aim of life: Earn more and more money... More money to live the better life.... to earn more money I am working hard and spending most of the time in office only... so to live better life I am wasting my current time.... :( its really sad but true....

Because of lack of time... I am not able to complete this resume... I will complete it later on......

I have got some urgent work....

Averaging the loss

So I decided to recover from this loss. Share price of Astra microwave was 63 Rs. And I purchase them @ 76.9. So I decided to purchase more units @ CMP, so that if I purchase more units then the loss will get averaged.

So I purchased 30 more shares of Astra microwave. And now I have 40 shares of Astra Micorwave @ 69.20. And todays price is 63 Rs.

Still I am in loss, but this time I am not sure whether I have to do averaging again or not?

About my first purchase

About my purchase

After opening DMAT account, I was happy and eager to do trading.... At that time market was in boom.. so I thought this is the only chance to buy, if I miss this time...prices will go higher and I will be in loss if I purchase them on the higher rates.... so I decided to purchase Astra Microwave Products Ltd. and Suzlon Energy...

Why I selected these companies....
I don't know much about trading and stocks... I just gone through company profiles.... And I found these companies can give me good results in the long term.

So I bought 10 shares of Astra Microwave @ 769(i.e. 76.9 rs per share) and I took 3 shares of Suzlon energy @ 308 Rs per share.

And from next day share prices of these companies started coming down..... This was the my first intelligent investment.

stocks

I wanted to invest some money in stock market. So I decided to open DMAT account. For this I studied various DMAT account services. Out of which I selected Reliance money DMAT account service. The reason was simple. Its very much cheaper than other DMAT service providers. It charges 1 paisa per trade, no matter how much shares I purchase.