mahindra and mahindra share

Respected Sir, I've purchased Mahindra and Mahindra stock 30 for Rs892. Is it the right decision. Should I hold it or should I buy more stock to average it. Please advice. ask by shailsh TM from e mail

1. Mahindra and mahindra is a solid fundamental auto sector company and market leader in auto segment so I think you have invested in good company.
2. But in share market fundamental work only 25 percent and 75 percent is speculation or demand and supply work.
3. So you buy a share when it price is on peak I think you already read my post “http://sharegenius.blogspot.com/2009/08/avoid-auto-sector-right-now.html ”
4. And put a vision on its year high low since 1990
Yearly High Lows
Year High Low
1990 130.00 60.00
1991 115.00 57.50
1992 190.00 68.00
1993 300.00 102.50
1994 430.00 270.00
1995 390.00 206.00
1996 398.75 211.00
1997 500.00 276.00
1998 332.00 134.00
1999 462.90 163.50
2000 664.75 163.00
2001 189.40 50.90
2002 140.00 78.75
2003 390.25 94.15
2004 558.00 358.00
2005 730.50 345.00
2006 909.95 488.00
2007 1,002.00 608.00
2008 872.00 235.50

I think you self think that your vision is against normal business skill that buy at low and sell at high.
5. now do not be worry I think market give you a chance soon to left out this share in a small profit or no profit no loss than wait for big fall in auto sectors and try to pick up it a lower price below 650 .
6. we advice only for hold do not think about average in such a small difference average only below 650 if it really came before your exit.

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