Hello Everyone,
Due to some personal issues I wasn't able to post any new thoughts/ideas for over a month now, but hopefully the bad days are over and will not miss any opportunity to share my thoughts going forward.
O-La-La.....!! What is happening with the markets?? Indian market is amongst the worst performers on YTD basis......Oop's......does this mean that we should that away?? For that matter the US markets are doing quite exceptionally well.
Back in October and again in November I had warned readers of this blog that the one should wait for the Euphoria (created by FII's) to get over.
This is what I had mentioned in the past: "FII's will rush-in tamper the gradual
rally increase the prices of stocks, book profits and rush-out. Its a
no strange phenomenon with Indian market!!"
With the kind of swings and volatility of the current market one will really fall sick. But nonetheless, I want to emphasize that instead of getting scared one should grab the fallen stars. Take for instance yesterday ADAG stock hammer. This had created an opportunity to buy good and fundamentally strong stock like RInfra.
Yesterdays fall has taken the price below its book value and the stock currently trades at 0.86x. its book value. You might not get another change to grab this stock for this cheap.
So what are you waiting for. Go Grabit!!
Happy Investing!!!
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