Suggest Exit Stratagy from RNRL
- Thread starter subodh9
- Start date
I see only 2 things-
1. Somehow magicKally Anil saysthat the ratio will be 1:3 instead of 1:4. Maybe due to public pressure or wahtever. But I know this is very unlikely.
2. Like magnet said, I hope RPower performs very well & reaches about 240.
But here I see a catch, I have seen that with reliance stocks they really go up when there is any news & as soon as the news subsides, the higher they have gone, the harder they fall. Everone is speculating that Rpower is expected to do well soon but even if it does, I am sure it will rise to a large price & then after the news has gone, it will fall again to the new support price which again will not be very high comparing to the current price in my estimation.
But the main concern here is it will take about 90 DAYS for the merger to take place. S0 for 90 days your capital is stuck, unless you take it out on a loss of 27%. Here lies a dilemma (to me at least).
If you think you can earn at least 30% of the amount you had invested in 3 months, you should take an exit. None really knows how in what status quo RPower will be after 3 months. I don't think it will fall ridiciously but it may not increase much too.
I will think for 4-5 days & then MAYBE book my loss & exit.
A question, is there any chance at all that RNRL will increase to about 55-60?
Disclaimer- I am still a newbie & what I have expressed are solely my personal views.
1. Somehow magicKally Anil saysthat the ratio will be 1:3 instead of 1:4. Maybe due to public pressure or wahtever. But I know this is very unlikely.
2. Like magnet said, I hope RPower performs very well & reaches about 240.
But here I see a catch, I have seen that with reliance stocks they really go up when there is any news & as soon as the news subsides, the higher they have gone, the harder they fall. Everone is speculating that Rpower is expected to do well soon but even if it does, I am sure it will rise to a large price & then after the news has gone, it will fall again to the new support price which again will not be very high comparing to the current price in my estimation.
But the main concern here is it will take about 90 DAYS for the merger to take place. S0 for 90 days your capital is stuck, unless you take it out on a loss of 27%. Here lies a dilemma (to me at least).
If you think you can earn at least 30% of the amount you had invested in 3 months, you should take an exit. None really knows how in what status quo RPower will be after 3 months. I don't think it will fall ridiciously but it may not increase much too.
I will think for 4-5 days & then MAYBE book my loss & exit.
A question, is there any chance at all that RNRL will increase to about 55-60?
Disclaimer- I am still a newbie & what I have expressed are solely my personal views.
You could write higher strike calls on RNRL.(option writing is risky since the lot size is 4000 & the quantity you hold is only 1300 so do this only if you know what ur doin')
or
You could shift from this to some other better stock, after all the goal is to recover the loss it shouldn't matter if you do that in RNRL or any other scrip.
or
You could shift from this to some other better stock, after all the goal is to recover the loss it shouldn't matter if you do that in RNRL or any other scrip.
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