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chic_1978
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   Posted: 26/Sep/2006 at 9:40pm |
Hi Basant
HDFC is at alltime high currently 1435, is it worth buying at these levels ??
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happy & wise investing
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basant
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Posted: 26/Sep/2006 at 10:01pm |
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Tough one. If you want to buy for 3- 5 years no problem for shorter duration buy some and wait for declines (if it comes!!!)
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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vivekkumar_in
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Posted: 26/Sep/2006 at 5:25am |
My Take on this one is, it should not matter if a stock is making a 52 week high. I would rather treat it as a favourable aspect for picking that stock as it already as a momentum going on..
If a stock is breaking a 52 week high it only means the stock is going to have a new high... So who knows what the new high will be .. ride it on....
In fact there is a whole investment strategy which goes for credible companies making new 52 highs at good volumes (without news of splits,bonus,romors of mergers etc...).. The catch is to look between last week's 52 week highs and this week's52 week high and your stock should be making in this week's 52 week high list..
That is how I caught it Pantaloon Retail when it was making new highs at Rs 450 in Oct 2004 & Mcdowells when it was making new highs of Rs145 around Nov 2004...
We all know where their new highs are now ?
Edited by vivekkumar_in - 26/Sep/2006 at 11:22am
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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basant
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Posted: 26/Sep/2006 at 7:59am |
I would be with you on this. In a study conducted somewhere it was deduced that the stocks which make a 52 week high are always great bets and outperform the market.
But that is just one reason HDFC should be a core holding of a diversified portfolio. It is like having a blue jeans in your wardrobe!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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BubbleVision
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Posted: 27/Sep/2006 at 12:17pm |
i would completely agree with you guys as if a stock is hitting 52-Week highs, even as the market trades below that, it shows that the stock is an outperformer.
BasantJi, one very very interesting thing is that Dow is near an all time High, with only 1 stock at an all time high (MSFT and Intel are 80% below their highs). Also there have been only 1 substitution in the Dow between 2000 and 2006. This seems as a mathematical impossiability but this is true. I would try and find the answer and pass it on.
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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investor
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Posted: 27/Sep/2006 at 2:31pm |
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Basant, if one were to choose one stock between HDFC and HDFC BANK,
which one would you suggest/recommend?
Or it too close a call, that its better to split the investment amount equally between the two of them?
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chic_1978
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Posted: 27/Sep/2006 at 2:46pm |
Hi Basant
Tnxs & I have started buying HDFC in parts, as I told you last time that I wann shift my portofio from short term to long term investments.
Would you recommend me to sell Electrosteel CAstings & buy HDFC at current price ????
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happy & wise investing
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basant
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Posted: 27/Sep/2006 at 2:58pm |
Basant, if one were to choose one stock between HDFC and HDFC BANK, which one would you suggest/recommend
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HDFC is value with slightly less growth (25%)
HDFC Bank is solid growth 30%.
At these levels both have run up so buy only if you are making a 3 year portfolio. They would go higher up from here also but who knows it could correct by 20% in one jerk and we would not seem so smart then. Really very tough. I would split my money between these two and expect a 10 bagger in 10 years!
Edited by basant - 27/Sep/2006 at 3:07pm
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