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Crimsonarcher
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Joined: 05/Oct/2006
Location: United States
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Posts: 355
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   Posted: 18/Dec/2006 at 9:17am |
I bought infosys at 500 and sold of at 700 (pre bonus), when people started telling that it has become over priced. I even worked with the company and had options to acquire shares in 2002... but both times i though maybe others are right and i let go of the rights and sold the stock :-(. I do regret it but then thats a lesson learnt. I then re-bought infosys in the market at 1200, and am still holding it when is at 2200. I think i would hold it till 2010 till it reaches sales of over 10$Bn. I think i did the same thing with bharti and bought it at 250 levels..
I think pantaloon today has the same potential though it has a high p/e. it is still much smaller than infosys. so it can easily be a tenbagger from here on in the next 5-6 years. any more similar suggestions? Also any good mid-cap/small-cap stocks with this potential. Mphasis is one, any other?
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 18/Dec/2006 at 9:22am |
Originally posted by vipul
Well, I feel good promoter at right sector is correct combination. Bad promoter at correct sector were also good for short term (think of NIIT, HFCL, GTL and rest of midcap IT companies). Good promoter at bad sector never get it's due (may be Tata steel etc).
Just think of YES Bank now. There are other banks but then good promoter makes a difference between NIIT and INFYs of the world. Happy thanking ... |
A very piquant observation.
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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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xbox
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Joined: 10/Sep/2006
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Posts: 2001
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Posted: 18/Dec/2006 at 11:52am |
When I was working with INFY (in 1999s), I recommended to my relatives to purchase. I did not regret because I never though of picking for myself but those relatives now and then memorize my recommendation and regret. I still remember INFY was 1300 at that time. I don't remember how many bonus/split INFY has got since then. I remember my manager (how as not very happy with work) did not want to quite because he had shares worth lakhs at 1999 by ESOP. One can easily guess how good his decision was. He worth double digit Crors (if not 3 digits). :-))
So in stock markets take is position as early as possible and learn from wrong decisions and losses. A early success will not make u intelligent but a failure will surely.
Edited by vipul - 19/Dec/2006 at 12:02pm
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Don't bet on pig after all bull & bear in circle.
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BubbleVision
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Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 19/Dec/2006 at 12:15pm |
A early success will not make you intelligent but a failure will surely.
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Really good words...vipul.
Excellent!!!
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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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omshivaya
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Posted: 19/Dec/2006 at 4:59pm |
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Excellent writeup there Vipul ji.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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kaizenbudhi
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Joined: 30/Jun/2007
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Posted: 04/Jul/2007 at 8:21pm |
Basantji & Vipul,
How high is high? Pantaloon Retail, Educomp, Financial tech, all tarde at PE of >100.
How does one take a decision whether to be in it or not?
As per my knowledge, Infy also used to be at a PE of >100 somewhere around 1999-2000.
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xbox
Senior Member
Joined: 10/Sep/2006
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Posts: 2001
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Posted: 04/Jul/2007 at 5:43am |
Basantji & Vipul,
How high is high?
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There are 2 side of stock markets. Short & long. Nobody know how high is high but at hight risk of holding increases, so one should ask oneself .... short or long ? both answers are right & wrong. just before IT doom anybody who short INFY at top was winner but anybody kept INFY was big winner. PE does not matter too much what matters is company's business model & management.
Stock selection is the most important thing. Fundamental, technicals are there to guide us not to select one.
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Don't bet on pig after all bull & bear in circle.
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omshivaya
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Joined: 06/Sep/2006
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Posted: 04/Jul/2007 at 8:44am |
Originally posted by kaizenbudhi
Basantji & Vipul,
How high is high? Pantaloon Retail, Educomp, Financial tech, all tarde at PE of >100.... |
First things first, who has said Pantaloon currently trades at PE of >100. I hope you try finding out what its PE is on a forward basis and on a trailing basis.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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