Saturday, May 23, 2009

What a day!!

I have two more days before my internship starts. So am surfing the net all the time. By the way was near getting my butt kicked. I bought 3000 shares if YES Bank @ whopping 4.75 lakhs. As soon as i bought, the stocks went down by some 6-7 points, and was having a total loss of around 18,000
(Thanks of profit booking done from ICICI Bank that I was not in the 20k's). The loss kept fluctuating between Rs. 8000 to Rs.15,000 and at one point of time out of panic my sister short sold (sold the stock which she didn't own in anticipation of markets crashing) some shares of IndiaBull real estate and bought shares of DLF which was rallying. Seemed like today was not our day, DLF went down further while IB shot up, thus adding to our worries!!
Anyway, I kept my cool when others suggested stop loss ( i.e.booking the minimum loss), and finally market turned upwards, thanks to aggressive opening of european markets. Then I was back in a profit range of Rs. 1,400 but this is where greed crept in and again market went downwards an I was back in loss of some 4000 rupees. Finally after much of hue and cry, I managed to book a decent profit, of which around 20% will go towards brokerage) but still a lucky day.

Today I found this nice pic on the net.

Well said, pretty inspiring!

Finally it turned out to be a nice ending to lucky day. My favorite team in IPL, The Deccan Chargers, who were last on the point's table in the last year's IPL secured a berth in the finals. They did beat the mighty Delhi Daredevils by 6 wickets in hand and 3 overs spare. Thanks to some blitzkrieg from my favorite 'Gilly' who scored the fastest IPL half century.

85 off 35 deliveries with 10 boundaries and 5 over-boundaries!

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