Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them....Ed Seykota
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Posted: 12/Apr/2010 at 11:21pm
Till now he is among the many who have lost while timing the market. I wonder if these guys know what they are talking about?
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Posted: 12/Apr/2010 at 8:24am
Perfectly understandable ....Fund managers in public domain are under high pressure to keep performing acts to keep the fund house and fund in the lime light , during this course many times they might loose sight of reality.
Now just imagine this statement of his if read by a not so serious normal joe investor will actually think this is possible ...without realising that in the long run timing is not possible and next time you ask which fund house u will bet ur money on and the answer will be jai reliance AMC :-)
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Posted: 12/Apr/2010 at 9:34am
These Managers of money and trust seem to be behaving like an Eighteen year old boy who tries to impress his girl on his first date not realising that the Nineteen year old girl has already broken up twice.
'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
I had very bad experience with my funds(predominantly Reliance and Fidelity) during recent run up.Markets use to go up by more than 2 % but my funds used to grow by less than 1%.At that time I saw Madhu kela interview in NDTV and that guy is telling that we should not judge them based on short term basis.But in ones life time how many times we get such opportunities and these guys missed one for me.
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Posted: 13/Apr/2010 at 10:55pm
Coming to think of Mr Madhu Kela, wonder why he has suddenly stopped coming on TV off late ....once the blue boy of the market now the black and blue boy of the market....btw he was also once caught on the wrong wicket by Udayan when he said that we are on cash even knowing that valuations are cheap and will invest once the market reaches bottom...(basically timing the market) so atleast as a fund house the reliance camp are clear that they would like to become good timers of the market ...just like their boss ADAG.
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Posted: 14/Apr/2010 at 3:13pm
i recently observed a very peculiar situation.. i have been holding Prime Focus for more than a year. last week price suddenly jumped around 33% without any fundamental news. delivery % went down from 80% to 11% and i saw one entity constantly offloading in this frenzy was "Reliance Capital" with disclosure about bulk sale by the Pfocus..this is the 1st time i have ever seen how prices can be managed to provide exit for interested party.Fortunately i too exited(making 3 bagger) after understanding this game.. no wonder they can talk about timing in fact they are capable to create that so called "Time" and "Price".
‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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