Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 14/Nov/2007 at 1:38pm
You guys are not telling us the other 4 digits after "2"!!!
'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
Joined: 02/Sep/2007
Location: India
Online Status: Offline
Posts: 427
Posted: 14/Nov/2007 at 1:46pm
Originally posted by xbox
I have 2 shares of ICRA (luke have 2 shares of mindtree). Interesting number .....
I typically buy 2 shares of a company as soon as it reaches beyond my initial research so that I get to see its price every day. Don't know why not 1 and why not 3 and it doesn't matter if it is 500 rupess stock or a 50 rupee stock.
0s are added after 2 only on availability of capital and more conviction.
BTW, I applied for ICRA IPO. Was convinced about the stocy. Didn't get any subscription. Should have bought it on listing day but ab pachtaye kya hot..
Although my explanation is not warranted even though ....
I buy share after 100% conviction, further purchase are function of capital availability only...this is the reason why 2 remained 2 with no post 4 or 6 zeros.
Joined: 24/Oct/2006
Location: India
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Posts: 1615
Posted: 14/Nov/2007 at 2:40pm
ICRA seemed expensive to me too before i saw this quarter's result...and since the earnings are growing so fast ICRA will always remain expensive....
but number of triggers are there which will push the price higher and higher...also there are only 2 major players in this field..CRISIL and ICRA....its very much like coke and pepsi...and i am sure returns will be equally rewarding
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 14/Nov/2007 at 2:43pm
ICRA has a very small floating stock so it would remain expensive.
'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
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
Posted: 14/Nov/2007 at 2:45pm
small floating stock(1 crore equity shares only)..is a good thing according to me.....its not too liquid and weaker hands are not touching this counter at the moment....
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 14/Nov/2007 at 2:54pm
See the public holding!
'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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