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PrashantS
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Quote PrashantS Replybullet Posted: 02/Dec/2006 at 7:35pm
Hmm i agree everyword you say basantji .........Now i really understand TIme is the market is important ...and to have a lions heart and stick to what you think ...

I think sharing such views is more important ...and again nothing is safe in life ....so i agree with peter lynch.....

But really when things go up eveyrone is happy and when things go down people condemn u a lot ...

Btw Rd sold 60% of his portfolio in May ..it came on Tv18....

Nice to hear your views Basantji

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basant
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Quote basant Replybullet Posted: 02/Dec/2006 at 7:41pm
Btw Rd sold 60% of his portfolio in May ..it came on Tv18
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That should be the trading portfolio or whatever but then even now I have heard that he is very very light since 13k levels. SOme one told me that the index has made an ostrich pattern maybe bubble would know what that means  but to me it means that Tv 18 could go down to Rs 600 and Pantaloon to Rs 1500 and I should not lose sleep when that happens but irrespective of all that big talk when prices fall I do get worried (when I am 100% invested - which I always am) because it appears that I have become poorer the fact that they could go up again makes it easier to live off those times.


Edited by basant - 02/Dec/2006 at 7:54pm
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BubbleVision
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Quote BubbleVision Replybullet Posted: 02/Dec/2006 at 7:48am
Absolutely great experience shared BasantJi.....
The seminal line in your that post according to me is ..... "castle of mental strength"....once again signifying all those posts of ED Seykota.
 
 
and I DONT know what is an ostrich pattern.... I guess i come from a compeletly different school of Technical Analysis.... i dont watch those Bulls, bears, pigs and Now an ostrich.
 
However there is a different pattern in "Elliot Wave theory" called a "Bow-tie" pattern. I heard from an elliotician friend that Nifty is in one such pattern. The confusing part of this pattern is that it could break on either direction, hence he was neutral on the market. May be he will always he neutral beoz if the market breaks "up", then it would be "overbrought" and if it breaks "down" it would be "oversold" to do anything.....
 
I would rather stay with the trend ....
 
Note : everyone would call a Dow rally from 1000-12000 (1982-2000)....12x, however I call it from 500-12000 (1977-2000) ....24 Times.
 
The sensex at 3000 was Dow 500 ....Sensex at 7000 (break from a Long term rising channel -- Monthly line chart) was Dow 1000
 
If sensex were to follow the Dow ...I guess one can easily call the target. 
 
I guess one can easily see the difference in my perspective....
 
Investing and trading ....is a life long journey...Not an eventual destination.
 
 
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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Quote basant Replybullet Posted: 02/Dec/2006 at 8:42am
Investing and trading ....is a life long journey...Not an eventual destination
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If this is not copyright then we could add it to our list of memorable quotes!
'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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Quote BubbleVision Replybullet Posted: 02/Dec/2006 at 9:14am

That quote was made up by me ... just for this great forum, and because of this great forum. One only only learn from all the experiences shared by everyone (particularly BasantJi) on "The best forum in the world"-- www.thequitydesk.com

Note that i am also a Regular at GV as i told to OM ... but this is definately as good as that one.
 
It would be my privilage if you add that to the list of memorable quotes...
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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s_praharaj
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Quote s_praharaj Replybullet Posted: 02/Dec/2006 at 9:36am
And for those investors who were holding cash nothing has changed except that the cash has been deployed in dud stocks or is at the bank - safe from the vagaries of the market.
 
 
 
I also regularly see the chat transcrips of RD. I took his advise and liquidated around 40% of my stock including SBI, Reliance etc. Kept the cash for some time and then invested in some safe stocks like Tata Chemicals and Tata Tea.
 
I also remain 100% invested and you can see the loss I made. But you don't know, had the market gone down the way it was predicted, we would have thought otherwise.
 
The lesson learnt  is not to panicky, to have a long term horizon and slowly built conviction based on financials and day-to-day devolopments.
Of course this forum is of great help to devolop these.
 
Shashi Praharaj
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Ajith
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Quote Ajith Replybullet Posted: 02/Dec/2006 at 10:23am
The May/June crash was O.K for me because though my portfolio suffered,luckily now I had the cushion of cash to fall back on.But I could not take huge advantage of low prices because I was focussed on value stocks.At no point in the crash did I worry, for 2 reasons,one -the lucky cash factor,Two-I am playing the stock market game from the 4-6 year view(weeding out the  certain non-performers or companies suddenly facing competitive forces which adversely disturb the balance sheet and picking new potential multibaggers) because of high degree of visiblity of GDP growth and rising per capita income which should double the sensex in 4-6 years throwing up huge multibaggers.The cash cushion will be maintained for unexpected events and picking new multibaggers after some time.

Edited by Ajith - 03/Dec/2006 at 4:15pm
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Quote catcall Replybullet Posted: 02/Dec/2006 at 10:29am
In a stock market, as in any other investment,  in order to evaluate how you are faring, it is important to take into consideration "opportunity loss". This is not to say that you benhmark your investment  in comparision to the high flying stocks of the market and crib over it. But if one needs to compare whether one is balancing the risk to return ratios rightly. Often, we tend to concentrate too much on stock picks rather then reviewing our  overall investment strategy before commencement of investment.
 
Secondly, when I started my investments in the markets, I used to mark up each individual investment (and trade) where I lost money and try and analyse where I went wrong. I came to the conclusion that whereever I had invested on heresay and especially where I did not understand the working of the company, I ended up loosing money, principally as I did not understand why the stock was going up and when to exit. Over the years, this has made me tune up my investment methodology to an extent wherein I avoid any investment wherein I can myself a understand the fundamentals of that sector and stock.
 
...think it over.....
There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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