Dear Teddies.

The last quarter was a conversion quarter. The last standing bears threw in the towel and are now looking at the market in amazement and dis-belief. The guys who are still in cash are looking at the US economic data and the ones who are invested are looking at the Indian GDP. The biases have been formed depending on which side of the asset class one is tilted and these biases will continue till the time another lesson is learnt.

At TED we got it dead wrong (intermittently) in 2008 where inspite of the falling markets we refused to throw in the towel and talked about fundamentals but then as we stand today we got it right then more then 99% of the market timers.  Don’t people say Jo Jeeta Wohi Sikandar(He who wins is the King)!

Of late there have been a slew of small cap unknown illiquid stocks on TED with a strong financial set up. These companies have done tremendously well over the last few months and I hope that this trend of generating new unknown ideas continues on the new year also so that people can be benefited from this enduring stream of knowledge sharing. But, here comes the important "but", many of the small unknown illiquid names are prone to butchering when the markets fall so Teddies should tread this line with caution.

The next few years (maybe till Fy13) could be the golden years for the stock market investor here in India as we start moving to the higher growth rate, Ceteris Paribas. Personally I have all my money in equities and hence have always been bullish but the period of economic growth acceleration that we are seeing from March 2009 is the one which would bring maximum gains so let us just heal the old wounds.

Company	Rec Date	Recm Price	Current Price	Gain (Loss)
Hawkins Cooker	5-Sep-06	92	666	623.91
Yes Bank	1-Sep-06	89	271	204.49
Blue Star	6-Oct-06	137	388	183.21
Voltamp	1-Apr-09	340	913	152.94
HDFC Bank	20-Jul-06	697	1696	143.33
HDFC,	5-Aug-06	1245	2689	115.98
Page Industries	8-Feb-08	430	870	102.33
IDFC	17-Nov-06	78	152	94.87
Titan Industries	18-Aug-06	749	1423	89.99
Thermax	15-Oct-07	690	613	-11.16
Voltas	28-Jan-08	220	172	-21.82

From now on we will include only the TED X1 stocks in the report card because the Emerging companies section and the Large cap section are due for an over haul.

Regards,

Basant



Edited by basant - 31/Mar/2010 at 9:33am

thats right..........even i think that it wud b better if we consider the dates when they were added in TEDXI

We have been following this practice since 2006 so we continue to do that. It works out both ways for instance Thermax/ Voltas  were included a lot lower then what it is indicated!
 

I think keeping a report card is a good idea of monitoring the progress of recommendations.

Another thing which can be done is to keep a report card of each topic under stock picking arena namely
large caps
emerging stocks
stock synopsis

and so on and so forth.

Again as Basantji mentioned, I would also like to word my caution that while buying small caps it is imperative to do due diligence before blindly following someone. This could also act as a learning experience for somebody who does his homework before buying stocks and that will develop the skill in unearthing good stocks.

Another thing which I usually do is book partial profits when one feels the need to do so or when valuation demands one to do so.