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Thursday, February 21, 2008

Vision Mi....ss.....ing
Yesterday though it was known that US markets were closed market makers controlled market in most professional manner. When Nifty breached 5264 the weightage average of the day they smashed till 5200 to give weak signals and once again took it to 5280 levels which was again very close to major resistance of 5330. Today it is just rotated at these levels so that no proper signals are being derived. The problem with the market is that the moment market starts recovering traders go long in Nifty so quickly as if there is no tomorrow which then gives a chance for market drivers to kill the day traders. By doing this even day traders are losing their capacity to trade in future. They should reserve the strength.

Off late I have been talking to you in terms of technical language which I am really not comfortable with and may not be the best. But for sure I have reserved my best for time to come whether market moves upside or downside no matters. I will wait till Nifty 5600 then only I will start my routine forward going briefing which is liked by majority of our members. This may take some more time because 5600 can come only after 5550 which is really a hard resistance.

I am trying to push what majority wants at the moment instead of sharing our own ideas. Choice too is given to followers. This is simply because still it is misunderstood that we are drives of the stock. We are just stock pickers and to buy or not is your call. In any case, I think it is time to remind you that you must read disclosures again and again before you invest in shares which is also been suggested by SEBI.

Market will take their own course whereas stocks too move on their own. Some might recover faster some slow like what happens with different kind of patients admitted in hospital for same treatment. You buy 500 shares, stock corrects, you do not buy more or rather sell in despair and then just blame it on the advisor. Any advisor can’t be a insurer whether it is FUND, MF or individual advisor.

The best thing in such scenario is to try and know your stock better. Find out the intrinsic value in changed scenario and then decide to buy more or not. We bought RPL, R Power, BEML, IDBI, IFCI, Petronet LNG, Power grid, Bombay Dyeing as value investments in A gr for 2 years buy all these stocks are giving sizable returns even now. The moral is you need to find out what medicine you require.

Create the highest, grandest vision possible for your life, because you become what you believe. Lot of people miss this though some make it. We are trying to make it possible to us and others too.

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