| Author |
Message |
Circuit
Senior Member
Joined: 14/Jun/2008
Location: India
Online Status: Offline
Posts: 930
|
   Posted: 16/Nov/2011 at 11:08pm |
Review of a strategic investment call: Kingfisher Airlines is (or was?) a favorite stock of Ramesh Damani. He went on to say on CNBC TV18 and most of his chats at MoneyControl that one should go long Kingfisher and Short Bharti - That's a perfect Trade !! 
|
|
Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them....Ed Seykota
|
 IP Logged |
|
|
|
 |
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 16/Nov/2011 at 7:13am |
This is just one among many gone wrong for this person. He was a great stock picker in the late 1990's but then lost his way through because he focused ONLY on small market cap companies and ignored ALL other valuatin parameters and considering that he is so well read this comes as a big surprise. In this process he bought a lot of junk some that come to mind are KFA, Mangalam Timber, HOCL, TCI. Killburn, APM Industries etc etc.
Sometimes when some strategy works for you (in this case buying small caps) your biases overtake you and you think that this is the only way out. My guess is this is what happened to him.
Originally posted by Circuit
Review of a strategic investment call:Kingfisher Airlines is (or was?) a favorite stock of Ramesh Damani. He went on to say on CNBC TV18 and most of his chats at MoneyControl that one should go long Kingfisher and Short Bharti - That's a perfect Trade !!
|
Edited by basant - 16/Nov/2011 at 7:13am
|
|
'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
|
|
IP Logged |
|
|
|
FutureBull
Senior Member
Joined: 06/Feb/2009
Location: India
Online Status: Offline
Posts: 1868
|
Posted: 16/Nov/2011 at 7:13am |
|
Circuitji, that's trade only so sweet timing of that trade might be long over. I guess it might be other way round at the moment before it gets reversed again
|
|
‘The market always does what it’s supposed to — BUT NEVER WHEN’.
|
|
IP Logged |
|
|
|
smart_prof
Senior Member
Joined: 01/Apr/2007
Online Status: Offline
Posts: 171
|
Posted: 16/Nov/2011 at 9:13am |
Originally posted by basant
This is just one among many gone wrong for this person. He was a great stock picker in the late 1990's but then lost his way through because he focused ONLY on small market cap companies and ignored ALL other valuatin parameters and considering that he is so well read this comes as a big surprise. In this process he bought a lot of junk some that come to mind are KFA, Mangalam Timber, HOCL, TCI. Killburn, APM Industries etc etc.
Sometimes when some strategy works for you (in this case buying small caps) your biases overtake you and you think that this is the only way out. My guess is this is what happened to him.
and i was greatly influenced by as i started following him before the equitydesk all these year i hv been following both and was confused which strategy to follow with the advent of basant corner i could make up my mind to invest on growth buisness (growth with value)not value with growth.....Now hope to do better although i did make some money but was not happy by following small & misco cap
Originally posted by Circuit
Review of a strategic investment call:Kingfisher Airlines is (or was?) a favorite stock of Ramesh Damani. He went on to say on CNBC TV18 and most of his chats at MoneyControl that one should go long Kingfisher and Short Bharti - That's a perfect Trade !!
|
|
|
|
IP Logged |
|
|
|
Circuit
Senior Member
Joined: 14/Jun/2008
Location: India
Online Status: Offline
Posts: 930
|
Posted: 17/Nov/2011 at 2:00pm |
RD had also developed a liking for asbestos company Visaka Industrie सोचा था कामायेंगे "छप्पर फाड के" लेकिन पैसा ले गया "थप्पड मार के" !!
|
|
Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them....Ed Seykota
|
|
IP Logged |
|
|
|
rapidriser
Senior Member
Joined: 18/Nov/2007
Location: India
Online Status: Offline
Posts: 966
|
Posted: 17/Nov/2011 at 8:30am |
Originally posted by Circuit
RD had also developed a liking for asbestos company Visaka Industrie
सोचा था कामायेंगे "छप्पर फाड के" लेकिन पैसा ले गया "थप्पड मार के" !!
|
|
|
When all else is lost, the future still remains. - Christian Nestell Bovée
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 21/Nov/2011 at 8:36am |
|
Met Ramesh Damani yesterday at a wedding here in Kolkata, pleasenteries exchanged he is still bullish on TV Today, Nestle and the Godrej twins. Of course we did not talk stocks but one Teddy had met him in Dublin (ireland) and told him that he made big money in Page and Hawkins, such references are great for TheEquityDesk though in this case Ramesh Damani knew the source of these ideas.
|
|
'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
|
|
IP Logged |
|
|
|
smart_prof
Senior Member
Joined: 01/Apr/2007
Online Status: Offline
Posts: 171
|
Posted: 21/Nov/2011 at 11:16am |
Changing The course  
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
