WOW!!!!!! its happening so fast. One can not even think what to do. Well for me ----- its time to BUY. I dont know why, but i still feel the India Story is Intact. look around, do you see any slowdown. Do u see any panic, or something that might disturb the normal course of this country. Well, i dont see anything like that. The only thing which i am feeling right now is some outflow of money. The money which is not ours (frankly). those who have invested , are taking it back slowly and steadyly. I hope you will agree with me. What we are left with is our own money and this is not going to get out of our pockets in this fashion. and yes, if the money is going out , its simply because it is needed somewhere else and not in our markets as of now. Its just a matter of time, that they will start investing again and raising the bar like they did in the last 4 years. Ask any long term investor, has he lost in this market. I am sure he will say NO.
I wanted to make a report of various things regarding our robust economy. But i couldn't make it. My apologies. i ll do it once its settled. Right now its time to choose, pick and invest.
My favorite stocks as i mentioned in my earlier posts are more cheaper now. Special mention to NRE COKE. This stock has taken the beating like anything. be it market conditions. be it price of coke in the market or be it the internal family feud of the promoters. But i would say this stock is not about coke mining its about gold mining. Just wait and watch. Invest now in this stock and it will go like anything. I hope you will agree. Today close is at below 50.
One last thing, its takes a BIG HEART to book losses, but mind you, if you dont book the losses, the losses will book you. So if you think there is someting wrong with a particular stock fundamentally or techinically depends on how you analyse it, i would say BOOK your loss and put it somewhere else. someone who is sitting on cash right now. i would suggest Invest it now, at least with a 2 year time period. you have a very good chance of doubling it very soon.
Would love to have your comments.
and i ll write in details very soon.
Till then
happy investing.
Monday, October 6, 2008
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