Time to Look at SNL Bearing again..?cmp....39

Friends,
SNL Bearing is my old call given at Rs 11 and then it went on to touch Rs.107 and then went down and down to make a bottom of Rs 32-33 recently and is now again up.
Those who tried to average at 70 or 50 , their fingures were burnt and it went down and down more and more scaring those who bought around 70 or 50.But no worry, it will bounce back and should cross the previous high but will take time.
But after touching low of 32-33 recently it seems that all the poison is taken out and is now on a firmer ground.Even from now it will take time to cross the previous high of 107 but looks like 32-33 should not come again.
So it is buying time again for SNL Bearing.The fundamentals has not changed and the last runup from 11 to 107 was ahead of performance but that is how market is.When momentum starts in any stock, it keeps going up and investor feel they miss the opportunity and when they try to buy high the down journey starts.
Well, now at 39 looks like a good bet for LT , means for couple of years.
It is still NRB Ltd Co and the promoters has not changed and hence still it is strong on fundamental footing.
The thing that needs to watch out closely is what orders SNL is getting and what will be the topline.That is important and with range of products with it, there shouldn't be any problem.
Investors need to look at these type of Cos more and more instead of investing in hearsay TIPS from friends which is make or break like situation.Either one lose the money or make huge but that is not the cup of tea for all.
Here again we can see that SNL is a MNC promoters Co and there can be no scam under it.It is a profit making Co and is in a sector which is growing.The bearing demand will keep on going up with Infra projects coming up.
SNL seems to me the safest bet in present scenario which ia at a very good price at just Rs 30-40.
Remember friends, making money in market is not easy.One always gets carried away by market and advices from friends.
Recent downtrend shows that in just 10 trading session , market was down by just 7-8% but midcaps were down by 30-40% .So it is never easy to make money in stock market.One mistake and all profit in others stock made vanished.
I again write here to my readers.
"Please do not play in F&O and please do not do day trading or any type of trading.Be it a week or 15 days or even a month.Don't borrow money to buy stocks.It is never a great idea any time"

Market never fulfill our wish.It has a very bad habit to prove all of us wrong again and again.When players like Harshad Mehta,Ketan Parekh and some old players who tried to play the market according to their wish didn't obliged them then who are we? We are just peanuts.Respect the market.Learn to respect the market.One think that he will buy for 1 month and take 10-20% profit and sell it,but that rarely happens.Even if it has happened once it will not happen next time or thrid time.Making profit in one trade or couple of trades will give you a false confidence that now you know how market works but that is never true.When I was in India, I have seen people playing in F&O and day trading and they make such a loss that they goes in debt and someone else has to pay for them , like father, brother etc. or if no one is there to pay for the loss then he will go hiding some places or has to leave the city and live somewhere else.Yes, I have seen such people.Even if they come to that city to meet someone they keep hiding from people who owes money from him.That is not a good situation for  anyone.
If wishes were horses.Only those who has the capacity to hold for 3-4 yrs will win.There is no guarentee that stock you have bought will run in 6 months or even after a year so one must always be ready to hold for longer time.
I once wrote that in stock market, it is never 1+1 =2.
I would like to add here that many times 1+1=0 or 1+1 =  -1( minus 1)
as we have seen and even I have experianced that your whole investment becomes Zero and even one goes in loss.One gets in debt and that is where the formula comes 1+1 = -1.
But if you have conviction and if you are doing the right thing at right time then 1+1 = 11 .