Tuesday, June 10, 2008

Below 15 K

Well, as expected it went down and opened in the below 15 k territory. I can see the value of the stocks tumbling. Those who have purchased yesterdays would be regretting the decision today, as they are more cheaper now.

I guess its time for the day traders to reveiw their stocks. Go with a tight stop loss. That the only thing i can advise.

For a long term investor, its time to start picking up. Its time to invest 20 % of the cash that you hold. Wait for another fall of 500 point and shop for another 20 %. Keep the rest 60 % in hand for the time being.

Lets see how the week spans out. I expect it to be aroung 14500 levels by the end of this week.

Cheeeersssss

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