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bassein
Senior Member
Joined: 14/Apr/2008
Location: India
Online Status: Offline
Posts: 216
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   Posted: 06/Oct/2008 at 7:34pm |
Originally posted by Vivek Sukhani
...... But, I still think, cash shall not be committed in a a hurry. |
Agreed, because we don't know what shape of bottom is waiting for us. A sharp recovery or a prolonged depression. Let's see what the quarterly results throw up.
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 06/Oct/2008 at 7:36pm |
Originally posted by valueman
But, I still think, cash shall not be committed in a a hurry
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I agree . No need to be in a hurry . Pick the stocks that you want to hold for the next 3 - 5 years and invest accordingly .Instead of investing fresh money I have booked losses in those stocks that I felt I made a mistake in buying last year or year before and invested that money in the stocks which I like to hold for the next 5 years .
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You dropped a bouncer, valueman....
Are you out of Pyramid Saimira and Raj TV?
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Jai Guru!!!
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 06/Oct/2008 at 7:38pm |
Originally posted by bassein
Originally posted by Vivek Sukhani
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. But, I still think, cash shall not be committed in a a hurry. |
Agreed, because we don't know what shape of bottom is waiting for us. A sharp recovery or a prolonged depression. Let's see what the quarterly results throw up.
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You made a good point about quarterlies..........
When's the Big Four's results, does any one have any clue?????.......
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Jai Guru!!!
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valueman
Senior Member
Joined: 29/May/2007
Location: India
Online Status: Offline
Posts: 1134
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Posted: 06/Oct/2008 at 7:57pm |
Originally posted by Vivek Sukhani
Originally posted by valueman
But, I still think, cash shall not be committed in a a hurry
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I agree . No need to be in a hurry . Pick the stocks that you want to hold for the next 3 - 5 years and invest accordingly .Instead of investing fresh money I have booked losses in those stocks that I felt I made a mistake in buying last year or year before and invested that money in the stocks which I like to hold for the next 5 years .
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You dropped a bouncer, valueman....
Are you out of Pyramid Saimira and Raj TV? |
I have cut down 75% of my Raj TV and invested the same in GSPL . Pyramid Saimira is a small part of my portfolio and I am not worried about it . I bought it at a rate that is less that what Pyramid Saminathan paid to Nirmal Kotecha for acquiring some percentage of his shares .I may increase my stake in Pyramid Saimira as and when I feel appropriate .Pyramid Saimira is a wonderful business concept but there will be lot of pains a share holder has to endure till the concept matures .I am highly bullish on the Media and Entertainment Sector ( A cousin of mine is working day in and out in this sector and is in touch with all the major and minor players in the same ) and I feel in the next bull run they will have a very vital role to play just like how Retail played a great role in the current bull run .
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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kanagala
Senior Member
Joined: 31/Mar/2007
Location: India
Online Status: Offline
Posts: 1229
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Posted: 06/Oct/2008 at 10:15pm |
Originally posted by valueman
But, I still think, cash shall not be committed in a a hurry
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I agree . No need to be in a hurry . Pick the stocks that you want to hold for the next 3 - 5 years and invest accordingly .Instead of investing fresh money I have booked losses in those stocks that I felt I made a mistake in buying last year or year before and invested that money in the stocks which I like to hold for the next 5 years .
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Most of my investments are in Axis, Pril, Punj, Yesbank and Voltas. They are already trading at attractive valuations. I guess there is no point in selling them and buy something else. I have small exposure to Zeenews, IBFSL which are beaten down like craxy. I will convert them into PRIL and TITAN if they fall significantly. I don't think so i have courage and stomach to invest fresh money into the markte presently. If it falls furhter, may be after 6-9 months i will invest fresh money or convert other assets into stocks.
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While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior.
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valueman
Senior Member
Joined: 29/May/2007
Location: India
Online Status: Offline
Posts: 1134
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Posted: 06/Oct/2008 at 10:30pm |
kanagalaDo not churn portfolios for churning sake .Do it only if necessary .If you are keeping a 3-5 year view then best is to be patient and not keep watching the market and your portfolios daily . Do not commit any fresh money further at this stage .What is happening right now is a financial downpour .Best is to stay indoors ( i.e be inactive ) and involve in any other activity that promotes positive thinking .
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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Jaishrikrishna
Senior Member
Joined: 06/Sep/2008
Location: India
Online Status: Offline
Posts: 1132
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Posted: 06/Oct/2008 at 10:33pm |
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Good to hear all boarders posting their personal views, Well no body can find the bottom as it is said, but we must be very close to bottoming out & then we may consolidate at these level for quite a few months before reversing the current down trend, News has just arrived that RBI has cut the CRR by 50 bps and SEBI has announced a little relief on P Notes(ODI). Could have been better if they had not waited until this day but still good.
Guys Lets hope for the better, There will be light at the end of the tunnel, just don't know how much long is the tunnel.
Edios,
Good Night.
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kaushalchawla
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 348
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Posted: 06/Oct/2008 at 10:34pm |
Originally posted by Jaishrikrishna
SEBI has announced a little relief on P Notes(ODI). |
Is it relief actually?? Shouldnt P-notes be banned as per RBI?
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Warm Regards,
Kaushal
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