Monday, January 21, 2008

Indian Stocks on Sale.....50% off.....

Friends,
A complete Mayhem....biggest fall in the history of Indian Stock market.
Well, friends under normal circumstances I would have not written anything today but for the 1400 points mayhem.
I am not worried.....well, do we (small investors) has to worry?If we are holding fundamentally strong stocks then why we should worry....Is Indian economy has gone to dustbin?Are we slowing down?Are the results came thus far, are bad?
If all the answers are in "NO" then why we should worry.....I am not at all worried by the fall...The only person who has to worry is those who has borrowed the money and has to pay them back within 2-3 months or even in shorter time.I have always written that , do not overlevearaged your position....Jitni Chadder hai utna hi pair lamba ki ji ye...otherwise you will put yourself in a very bad position....you will thereby also put your Family and friends also in a very bad position....due to the tension of LOSS you have made....while buying out of pocket......
I have always said that NEVER NEVER PLAY IN F&O...........that is the first criteria for being and remaining happy.
Market is bound to be normal by the end of the Valan......there can be more pain tommorow as I wrote yesterday, that recovery can start by Tuesday....
The reason I have been able to find for this Mayhem is, market become overbought, a single entity sold stocks in Cash market upto $3-4 bn and then he sold Nifty futures on Wed...of 53 lacs nifty futures and again he sold 21 lacs nifty futures..means he sold 75 lacs nifty in a week...and is still standing on it.....He will have to come to cover it......let us see what happens then....
But as of now I am writing some stocks which have corrected in a big way and are on a SALE with a discount at 50% and more...
1)Kirloskar Ferro.........high...101.90.....now.....55
2)WWIL.........................."........101.............".........50
3)TTML...........................".........65............"..........40
4)Sujana towers..............."..........235........."..........164
5)SKS logistic................."..............81..........."..........56
6)Flex Food...................."...............42............"...........23.45
7)Spice jet

Well, there are others as well.....
Friends ,don't worry...market will bounce back and will be normal in due course of time....I do not agree with Mr. Ahmed view that we are in for a Bear phase......Mr.Ahmed should remember that good fundamentals and Bear Phase do not go hand in hand.....Bear Phase can only be possible if fundamentals do not helps.........but it is not thus the case.....
The market was overbought and correction is bound to happen....and that happened......it is normal..only thing is it came suddenly , but that always happen...
Anyway...I am not worried at all.....about the correction.....I reiterate that there is no need to panic no need to worry.....Friends,if you have bought good stocks no need to worry.....go to sleep nicely.....no anxiety....friends......
I again write here...don't try to average when the stock is falling.........it means that you are trying to change the wrong decision.....of yours.....
But as usual I would again like to write that I may prove wrong in my analysis......remember this always.....

5 comments:

  1. dear rajeev,
    thanks a lot.ur note has helped us alot by us i mean small investors like me,whose hard earned money should not be wasted. You have given confidence to me.
    thanks once again- Rashmi

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  2. Dear rajeev,
    thanks for ur view i eagerly waiting for ur mail. thnx for giving time to use despite ur busy shedule.

    Ahmed

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  3. dear rajeev
    thats why i like to read ur posts .u r a diehard bull n in times like these thats the spirit which carries one through the tides.ur strong belief, sound reasoning n analysis is realy a big confidense booster.thanks as always u helped...
    raima

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  4. so its again 2000pt. dwn now just 3500 remains to reach my targate 12300 means two trdin session. :)

    Ahmed

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  5. FED has cut unexpectedly 0.75 basis which is a very good sign for all world market. Now i think we will not see much dwn from here. most probably we will see some sharp up in near future.

    Ahmed

    ReplyDelete