Jpmorgan Indian Investment Share Discussion Threads

[stevecarolinep] 10/1/2007 10:56

I am a bit twitchy about losses as I had a poor year last year - trying to stick to 'any profit is worth taking'. Don't think the fundamentals have changed and will be back in befre long. Never thought I'd be able to say that TXO is doing better than JII though?!!
Steve

[hosede] 10/1/2007 10:50

I'm still in and pondering. Here is the link to NAV and price graphs

[stevecarolinep] 10/1/2007 10:26

Good call hosede - I have jumped out again for now as the chart does look so iffy - but I will go back in onve it stabilises/returns to an upward trend.

[hosede] 10/1/2007 09:26

Chart for this not looking good, but most of the reason is a change from premium to discount to NAV.

[stevecarolinep] 09/1/2007 19:15

Hi Trader Horne,
Yep, This and RRS not looking so healthy at present - very different reasons though. who knows? I lost a lot of confidence last year so I would rather avoid loosing any more money this year...we'll see. Good luck. Steve

[trader horne] 09/1/2007 17:34

Steve, thanx for yr response. Like a number of other recently tipped stocks, eg RRS, this has just pulled back to the bottom of the uptrend line. If it breaks down instead of bouncing back I'll be off to greener pastures.

[Abuse team] 07/1/2007 12:03

Post removed by ADVFN

[stevecarolinep] 06/1/2007 14:15

TH - apologies for the delay - I think that there any amoutn of -ve arguements that one can stack up against a similar number of +ve ones. The facts seem to me to be that the place is growing quickly and will continue to do so with all the usual volatility of an emerging giant. So don't know whether it will resume the upward trend from here without another retrace - but I believe it will be higher than it is by the end of 07! As we have discussed - that's pretty much good enough for my investment purposes at the moment. Steve

[stevecarolinep] 02/1/2007 21:59

TH - all the best to you too - hope it is a good one - haven't seen teh comments you refer to - will have a look and reply in the next few days (still off work). Steve

[Abuse team] 02/1/2007 12:58

Post removed by ADVFN

[stevecarolinep] 17/12/2006 16:29

TH - good call - it worked well in the past - i think I have been suckered into day trading and SB'ing by hanging around ADVFN - I will do better in 07 if I do as you suggest! Steve

[trader horne] 15/12/2006 18:53

Steve, just buy the shares and leave them under the mattress for a couple of years. A painless way to double your money.

[stevecarolinep] 12/12/2006 15:50

GP - absolutely right - I've been stupid this year and tried to 'make my fortune' and ended up worse of than when I started the year by a fair amount - lesson learnt though and I am still in a position to be where I need to be in 3 years time.

I think for me focussing on something like RIO for some short term trading is the way ahead but I wish you well in SB'ing JII - the ferocity of a change in direction when it comes in this share (and the underlying markets) might be worth considering though!

Thanks from me as well to Mangal and to Blue Max for their vital commentaries - can we have some more please?!
Steve

[greenpastures] 12/12/2006 15:29

Thanks mangal, I was looking for some commentary before calling the bottom and I see I need to investigate the details behind the industrial output numbers.

steve, re spreadbetting. I tend to be very conservative and treat any bets as if they were shares. £10 a point is the same as buying a 1,000 shares. I then calculate what I can afford to lose if the position goes against me. I don't use stops because of the whipsawing that can take place, but that means I have to be conservative in the size of bets. I think spreadbetting has it uses. I ought to have used it for instance to short JII when it hit the 317p mark. I thought it could retrace and I could have hedged my long position with the only loss being any profit above 317p. Next time perhaps!

[stefan2006] 12/12/2006 14:47

Is this one likely to fall further in anyones opinion? Or is today a good day to buy?

[stevecarolinep] 12/12/2006 13:58

Greenpastures, part of my problem this year has been trying to use spreadbetting rather than just buying and selling conventional shares. i have found it very difficult to have the necessary discipline when things have gone against me - either my stop losses have been set too close to my entry price and I have been whipsawed out or i have only set 'money management' stops (a lot further from entry price) only to loose my nerve as a position goes against me and close for a loss rather than waiting for a recovery.

You are quite right that neither India nor any other share/sector etc is a one way bet. I do think that over a couple of years this is as safe a bet as any at the moment - but seiemic shifts in the world - a dollar collapse or a renewed fighting in the Gulf could impact on econmic performance all over. I feel the need to take some risk but I think that my poor year this year indicates that I should go back to shares apart from trying to do some short term, small capital spreadbetting with a view to being able to generate a couple of hundred quid a day to replace income from my job. I don't think I have got the balls to take the big positions required for a big gain - it just seems to end up losing every time!

Hursheel - could do - but i think it will recover fairly quickly if it does (and I'll have some more at that level with pleasure!) Steve

[hursheel] 12/12/2006 13:31

256 possible

[greenpastures] 12/12/2006 12:27

steve, I am wondering whether to hope this is near the bottom and try to gain by taking out a long spreadbet for a few pounds a point. I did well on EST the last two years as well. I have those in my ISA and sold those in March along with JII. I re-invested about a third of my March sale back in EST in July. It has been slower to recover than JII, although this correction has taken some of the shine off JII's recovery.

Re India, just keep in mind the future is unknowable and so we can't just assume it will be smooth riding in India. It has huge infra-strcuture and poverty problems and the region is susceptible to both natural and man-made shocks. Agree huge opportunities but bear in mind it is not risk free either.

[stevecarolinep] 12/12/2006 11:55

Yep - back in at 282 - in the money already - unless there is another bit of downswing to come - not bothered personally as I am just pleased to have got out at the top and back in a bit lower...for once!