CMP 29.2
STOP LOSS ON CLOSING BASIS BELOW 27.5
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CHEERS !
ELEPHANT HAS RUN!
30 TODAY ITSELF !
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CHEERS!
32..........
Monday, June 28, 2010
Friday, June 25, 2010
COMPARISION OF SENSEX AND SMALL CAP INDEX
IT SHOWS UNDERPERFORMANCE OF SMALL CAP WHEN BOTTOM WAS FORMED AND NOW IT HAS ALMOST MATCHED
WITH SENSEX . COMING 2/3 WEEKS TIME MAY BE USED FOR PROFIT BOOKING. NET EXPOSURE SHOULD BE REDUCED.
Thursday, June 24, 2010
ONE BED ROOM FLAT
A MESSAGE FROM BLOG OF ILANGOJI
WRITTEN BY AN INDIAN SOFTWARE ENGINEER..
A
Bitter Reality
As the dream of most parents I had acquired a degree in
Software Engineering and joined a company based in USA, the
land of braves and opportunity. When I arrived in the USA, it
was as if a dream had come true.
Here at last I was in the place where I want to be. I decided I
would be staying in this country for about Five years in which
time I would have earned enough money to settle down in India.
My father was a government employee and after his retirement,
the only asset he could acquire was a decent one bedroom flat.
I wanted to do some thing more than him. I started feeling
homesick and lonely as the time passed. I used to call home and
speak to my parents every week using cheap international phone
cards. Two years passed, two years of Burgers at McDonald's and
pizzas and discos and 2 years watching the foreign exchange
rate getting happy whenever the Rupee value went down.
Finally I decided to get married. Told my parents that I have
only 10 days of holidays and everything must be done within
these 10 days. I got my ticket booked in the cheapest flight.
Was jubilant and was actually enjoying hopping for gifts for
all my friends back home. If I miss anyone then there will be
talks. After reaching home I spent home one week going through
all the photographs of girls and as the time was getting
shorter I was forced to select one candidate.
In-laws told me, to my surprise, that I would have to get
married in 2-3 days, as I will not get anymore holidays. After
the marriage, it was time to return to USA, after giving some
money to my parents and telling the neighbors to look after
them, we returned to USA.
My wife enjoyed this country for about two months and then she
started feeling lonely. The frequency of calling India
increased to twice in a week sometimes 3 times a week. Our
savings started diminishing.
After two more years we started to
have kids. Two lovely kids, a boy and a girl, were gifted to us
by the almighty. Every time I spoke to my parents, they asked
me to come to Indiaso that they can see their grand-children.
Every year I decide to go to India… But part work part
monetary conditions prevented it. Years went by and visiting
Indiawas a distant dream. Then suddenly one day I got a
message that my parents were seriously sick. I tried but I
couldn't get any holidays and thus could not go to India ... The
next message I got was my parents had passed away and as there
was no one to do the last rights the society members had done
whatever they could. I was depressed. My parents had passed
away without seeing their grand children.
After couple more years passed away, much to my children's
dislike and my wife's joy we returned to Indiato settle down.
I started to look for a suitable property, but to my dismay my
savings were short and the property prices had gone up during
all these years. I had to return to the USA...
My wife refused to come back with me and my children refused to
stay in India... My 2 children and I returned to USAafter
promising my wife I would be back for good after two years.
Time passed by, my daughter decided to get married to an
American and my son was happy living in USA... I decided that
had enough and wound-up every thing and returned to India... I
had just enough money to buy a decent 02 bedroom flat in a
well-developed locality.
Now I am 60 years old and the only time I go out of the flat is
for the routine visit to the nearby temple. My faithful wife
has also left me and gone to the holy abode.
Sometimes
I wondered was it worth all this?
My father, even after staying in India,
Had a house to his name and I too have
the same nothing more.
I lost my parents and children for just ONE EXTRA BEDROOM.
Looking out from the window I see a lot of children dancing.
This damned cable TV has spoiled our new generation and these
children are losing their values and culture because of it. I
get occasional cards from my children asking I am alright. Well
at least they remember me.
Now perhaps after I die it will be the neighbors again who will
be performing my last rights, God Bless them.
But the question
still
remains 'was all this worth it?'
I am still searching for an answer...... ......... ..!!!
START THINKING
IS IT JUST FOR ONE EXTRA BEDROOM???
LIFE IS BEYOND THIS …..DON'T JUST LEAVE YOUR LIFE ……..
START LIVING IT …….
LIVE IT AS YOU WANT IT TO BE …….
dislike and my wife's joy we returned to Indiato settle down.
I started to look for a suitable property, but to my dismay my
savings were short and the property prices had gone up during
all these years. I had to return to the USA...
My wife refused to come back with me and my children refused to
stay in India... My 2 children and I returned to USAafter
promising my wife I would be back for good after two years.
Time passed by, my daughter decided to get married to an
American and my son was happy living in USA... I decided that
had enough and wound-up every thing and returned to India... I
had just enough money to buy a decent 02 bedroom flat in a
well-developed locality.
Now I am 60 years old and the only time I go out of the flat is
for the routine visit to the nearby temple. My faithful wife
has also left me and gone to the holy abode.
Sometimes
I wondered was it worth all this?
My father, even after staying in India,
Had a house to his name and I too have
the same nothing more.
I lost my parents and children for just ONE EXTRA BEDROOM.
Looking out from the window I see a lot of children dancing.
This damned cable TV has spoiled our new generation and these
children are losing their values and culture because of it. I
get occasional cards from my children asking I am alright. Well
at least they remember me.
Now perhaps after I die it will be the neighbors again who will
be performing my last rights, God Bless them.
But the question
still
remains 'was all this worth it?'
I am still searching for an answer...... ......... ..!!!
START THINKING
IS IT JUST FOR ONE EXTRA BEDROOM???
LIFE IS BEYOND THIS …..DON'T JUST LEAVE YOUR LIFE ……..
START LIVING IT …….
LIVE IT AS YOU WANT IT TO BE …….
BUY DCW ABOVE 18 FOR SHORT TERM INVESTMENT
BUY DCW ( CMP 17.5 ) ABOVE 18.
STOP LOSS BELOW 15.5 ON CLOSING BASIS.
STOCK HAS CORRECTED BY 50 % OF LAST RISE FROM 6.06 TO 24.9 AND RECENT TOP MADE IS AT 18.
ON CROSSING 18 STOCK WILL SHOW MOMENTUM.
--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.
- Alexander Graham Bell
--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.
- Alexander Graham Bell
Wednesday, June 23, 2010
BUY EXCEL INFO CMP 43
BUY EXCEL INFO ABOVE 43 WITH STOP LOSS BELOW 41 FOR MEDIUM TERM INVESTMENT
*********************
*********************
47.5
cheers!
Friday, June 18, 2010
MARKET AT 80% RETRACE MENT LEVEL / UPDATE 1
WE HAVE REACHED TO 80% RETRACEMENT OF FALL FROM 18048 TO 15960.DECISIVE CROSS OVER OF SAME WILL HELP
TO MOVE TOWARDS 18K+ LEVELS.A CHART IS ATTCHED WHICH IS TAKEN FROM VFMDIRECT.COM TO UNDERSTAND
FURTHER MOVES.
LOOK AT LINK FROM ILANGOJI'S BLOG TO UNDERSTAND WAVE COUNTS
CONSOLIDATION MAY BE SEEN.
updation 1 as on 18.6.10
STOP LOSS FOR LONG POSITIONS AT 17150 / 5150
Thursday, June 17, 2010
MARKET AT 80% RETRACE MENT LEVEL
TO MOVE TOWARDS 18K+ LEVELS.A CHART IS ATTCHED WHICH IS TAKEN FROM VFMDIRECT.COM TO UNDERSTAND
FURTHER MOVES.
LOOK AT LINK FROM ILANGOJI'S BLOG TO UNDERSTAND WAVE COUNTS
CONSOLIDATION MAY BE SEEN.
PARAG PAREKH’s STYLE OF STOCK INVESTING
today i am forwarding a nice article received from Mr. Sunil Doshi, Bhopal. it is interesting for market participants.
enjoy it!
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After obtaining a Master’s degree in Commerce, I took up a one year Entrepreneurial Management course at a leading college in Mumbai in 1978. This course was first of its kind. It trained students to become entrepreneurs and helped them to set up their own businesses (small to medium scale industries). I did my project on setting up a plant to manufacture plastic collapsible tubes which would replace the conventional aluminum tubes. I was the only one who failed. My project was unviable to the professor whose reason was: tooth paste was sweet and if stored in plastic tubes it could be eaten up by rats. However in 1984 Essel Packaging hit the market with a similar project and it became a stock market favorite. Till today it has created a lot of wealth for its shareholders.
This experience was the turning point in my life. My father’s friend Mr. Chandrakant Sampat advised me that if I had such vision and I could make a study on businesses, I should enter the stock markets. There existed a great opportunity for such business analysts. Moreover why subject myself to the whims of the government officials, bureaucrats etc. for power, raw materials, labor problems, municipal laws etc. If a good study on a business was made, one could enter by buying the stock and exit by selling the same. No hassles. Thus came my entry in to the stock markets and I was one of the very few to do research on various businesses and identify good investment stocks.
Having grown up in a very conservative family my initial grooming was orthodox and based on certain universal principles which were not time bound. One of them was the law of the farm. You cannot sow something today and reap tomorrow. This taught me that there are no short cuts in life. This was so true in the stock markets also. Thus my style concentrated on the long term approach. This also helped me not to get swayed away by the short term temptations the markets offer from time to time. This helped me with self discipline and I was able to keep my greed and fear under control. This also helped me to look at businesses with a long term view. This long term view gave me the patience to wait for the businesses to be available at bargain prices. Enter Value Investing.
This approach was challenged in 1999/2000 during the tech boom. I went through tough times. A client would come up to me and ask about a particular tech stock. I would recommend him to sell. He will go and come back after a week to inform me that he was happy as he had not acted on my recommendation and the stock had doubled. I would insist that he was lucky but the valuations are far too stretched with the doubling of the stock price and he must sell now. Three months later he would come back happy as he had not sold. This led me in to a depressive state. I started wondering if I was out of synch with the fast changing world. What did I need to do? My inner compass told me that these were temporary crazy times and sanity would prevail. How could you have tech stocks quoting in triple digit PE’s? It was against any valuation parameters. Utterly confused by the ways of the market I was going through a turbulent period.
One day I was reading the Economist and I came across an advertisement on a program at the Harvard University, “Investment Decisions and Behavioral Finance”. I enrolled myself and proceeded to Boston to attend the program. That was another deflection point in my career. I realized that if I were to be a successful investor then knowledge of Behavioral Finance was utmost necessary. I pursued my research and study in the field and with every passing day my confidence as an investor increased and so did my knowledge of understanding the markets. I have authored two books “Stocks to Riches: Insights in to Investor Behavior” and “Value Investing and Behavioral Finance: Insights in to Stock Market Realities”. Both the books portray the common sense approach to investing.
Investing is no rocket science. It’s all about common sense. An MBA degree does not guarantee investment expertise, but humility does. Experience teaches you over time. So one must always be prepared for continuous learning. And what could be our best teachers? Failures and setbacks. Learn from every mistake and keep the following in mind.
1. Be fearful when others are greedy and be greedy when others are fearful.
2. Buy low and sell high.
3. There are no short cuts in life.
4. Opportunities don’t come every day. “LUCK” is preparedness for an opportunity.
5. Never chase a fancy for you end up paying a fancy price and suffer a fancy loss when the fancy ends.
6. “Intelligence and Brilliance carries the day but it is the Wisdom that endures”. Peter Drucker
7. One is always learning so have the courage and humility to always ask “WHY”.
Waiting for another deflection point. Knowing full well that it will teach me something more and make me better and wiser and move forward
Wednesday, June 16, 2010
Fwd: SENSEX AS ON 11.06.2010/ UPDATE - 2 as on 16.6.10(1.10 pm)
LOOK AT CHART ATTACHED.
KEEP STRICT STOP LOSS
STOCKS TO WATCH FOR SHORT TERM LONG POSITIONS :
BHEL/BIOCON/HDFC/RIL/SIEMENS/ACC
KEEP STRICT STOP LOSS
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UPDATE AS ON 14.6.10
MARKETS WERE POSITIVE WITH HELP OF RELIANCE GRP SHARES.WE ARE AT
RISING WEDGE BOTTOM TREND LINE AND REACHING UPPER END OF RISING
CHANNEL SO PROFIT BOOKING MAY COME AT HIGHER LEVELS IN STOCKS WHICH
HAVE RUN UP FASTER.
STOCKS TO WATCH FOR SHORT TERM:
SHIPPING STOCKS LIKE BHARTI SHIPYARD, ABG SHIP YARD, MLL
SUGAR STOCKS ; BAJAJ HIND, RENUKA SUGAR
OTHER LEGGARD SHARES LIKE MTNL
AS MENTIONED EARLIER 17630/5280 ARE CRITICAL LEVELS TO DECIDE BIGGER
DIRECTION OF MARKET.PROFIT BOOKING IS ADVISED REGULARLY AND TRADE
STOCK SPECIFIC ONLY
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UPDATE AS ON 16.6.10 AT 1.10 PM
CHART IS ATTACHED AND WE HAVE MADE TOP OF 17530 SO FAR .
PART PROFIT BOOKING IS RECOMMENDED IN LARGE CAP STOKS
PURCHASED AT LOWER LEVLES. BE STOCK SPECIFIC BCZ OUTPERFORMANCE IN
MID N SMALL CAP STOCKS IS VISIBLE.
-VE DIVERGENCE IN 5 DAY CHART
STOCKS. BE STOCK SPECIFIC IN LONG POSITIONS. MID N SMALL CAP MAY OUTPERFORM
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