hi guys,
i am holding petronet LNG that i bought some days back for 121.5. It went up to 129 levels but is down 4.2% today at 121.70. Results declared today were not spectacular but just ok...8% jump in profits and 10% decline in sales revenue.
October futures closed at 122.35 (0,65 premium) and shed 18.18% in OI)
should i sell this tomorrow using a stop loss or will it recover if the US markets do well today ( Dow - 93 pts & Nasdaq 22 pts up as i write this)
i am a trader & not an investor and was expecting about 15% from my buy price of 121.50. I am asking because i am holding substantial quantity.
any urgent advise will help me take a decision tomorrow.
thanx in advance
i am holding petronet LNG that i bought some days back for 121.5. It went up to 129 levels but is down 4.2% today at 121.70. Results declared today were not spectacular but just ok...8% jump in profits and 10% decline in sales revenue.
October futures closed at 122.35 (0,65 premium) and shed 18.18% in OI)
should i sell this tomorrow using a stop loss or will it recover if the US markets do well today ( Dow - 93 pts & Nasdaq 22 pts up as i write this)
i am a trader & not an investor and was expecting about 15% from my buy price of 121.50. I am asking because i am holding substantial quantity.
any urgent advise will help me take a decision tomorrow.
thanx in advance