Thursday, January 24, 2008

Caution Again..!!

Hi Friends

Sorry for not updating the blog for two days.
The reason for not updating was that there was not to much to write about. Because at the moment its very difficult to analyse the markets and I never believed in PREDICTING the stock markets. As I have already told you all to be in maximum cash at this point of time (till BUDGET) and dont buy in huge quantity also dont go for averaging (ie: dont buy the stock as you see that the stock price has gone down a lot and you start averaging at lower levels).
Our current holding (Compact Disc and Kohinoor Broadcasting also, BNK Capital and Madhav Marbles) are in deep red because the small cap and midcap index are heavily butchered and hence i recomended not to buy in Huge Qty. (u can check my previous messages). I ahve always maintained that we will use only 25% of our cash to BU till budget, and as soon as this MIDCAP carnage is over.. we will buy a similar quantity at lower levels , but for that to happen we might have to hold on for the time being.
The markets are now taking there on ques diregarding all the Asian and foreign markets for the time being. (Nothin New.. when were rising we never took any negative ques of our peers and the foreign markets, now we wont take the positive ques as well.)
Hence I again repeat what I have been telling you for a long time now.. That CAUTION IS THE BUZZ... Dont take excessive position in any stocks and stay maximum in cash till BUDGET.

Happy Investing
Investomaniac
JAIDADIKI

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