Next Good Bets: paperprod

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Monday, August 1, 2011

Revisiting Two Stocks: PAPERPROD & PETRONET

On July 5 I had posted about two stocks that could be potential cadidates for short term. It's been almost a month now. But these two proved to be exceptional performers and validated my picking strategy. They were really 2 good bets!
Two Stocks for Two Weeks PAPERPROD & PETRONET

Now I will summarize the progress in these stocks as of now.

PAPERPROD was at 75 when I posted. On 29 July it is at 89. It never closed below 20 DMA.

About 18.7% gain in share price!

PETRONET was at 139 when I posted. On 29 July it is at 172. It too never closed below 20 DMA though had a jerky low in the white candlesticks (which is not trustable).

About 23.7% gain in share price!

I wish I had traded these shares. I had these in mind but was caught by too many stocks as can be noticed from other posts afterwards. But I never monitored any of those stocks except for INSECTICID which I was watching for four months and made about 6% gain (before brokerage cuts) only. It was a psychological bet. I learned I should not feel psychological attachment to stocks that I pick with respect to their order. However INSECTICID is still on its own, diverging from the market and showing good gains since the last week. That too was a good enough bet!

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Tuesday, July 5, 2011

Two Stocks for 2 Weeks : PAPERPROD & PETRONET

Below are two stocks I discovered through certain criteria using EOD screener on icharts.in. Both are potential candidates to rise if they cross above high of yesterday. 50 day EMA or the last day's low (whichever is closest to LTP) is a good point for stop loss.

PAPERPROD

PETRONET

Sites I am Thankful to

Below are websites I am thankful to for providing a variety of market statistics:

NSE Website - provides real time quotes (only 15 seconds delay) and excellent intra day charts apart from being an official website of National Stock Exchange. This is the place for all accurate information and lot more information than other places. May not be so helpful for highly active day traders.

iCharts - amazing website that provides daily (end-of-day) charts for all stocks on NSE/BSE. There is one javascript based and another old type which is good for visual. Charts from iCharts can be used with attribution link. This site-wide link is to serve that need.
They also have paid service for intraday charts.

BSE Website - this was the site I used to check in my beginning days of stock trading in 2007. It has lot more information but not as comfortable as above sites.

Investopedia - amazing website for all basic information on stock investing and trading.

Moneycontrol - Moneycontrol is an awesome service. I track my watchlist, portfolio and also set price trigger alerts. Cool website without a natural competition. Price trigger alerts are now only for paid users. It has mostly ad heavy pages. Its competitors are coming.

Indiabulls - This has changed now. Earlier there used to be a place called Indiabulls Market Insight which was the best place to get market statistics all the time, EOD and through-Intra-D as well. Though charts were not best. Now they diversified into Indiabulls Ventures, Home Loans, etc. Now this is what has remained of their site.= to learn something from

Sharekhan - Sharekhan is an excellent broker. Their recommendations for retail investors are first-class. I haven't tried their pages much but brokerage service is nice.

Yahoo! Finance - This is another cool site like moneycontrol. It has its own unique benefits. Gives historical data of stocks all over the world. Double dhamaka on alerts (price & %) and once set they remain there forever.. so cool for learning. No need to talk about the rest of the content. It is all worth the visit to this site. Your knowledge and context just expands.

That's it for now.