abhi2525:
This was a good value buy at 30-40 levels. At this price, I won’t touch it with a barge pole. Not because the company will not do good, but because even if it grows at a rate of 50% for next 3 years, this will be a disappointment given the expectations built in the price. There is no margin of safety here. Forget that margin, the current prices looks to have already factored in next 2-3 years growth, at a high rate. But then again, I might be very wrong and I hope you are right and this gives you enough return, from hereon.
Dear @abhi2525 ,
I again appreciate your thoughts and beliefs, though tend to disagree. I tend to believe that, we both are entirely different kinds of investors. @Nolan has put it very beautifully in his below posting about the two kinds of investors:
Dear @1.5cr ,
I am sorry about your frustration but it reminds me of the popular Peter Lynch quote that “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” Lets be frank, none of us can be absolutely sure about the market direction. However, there are two kinds of investors I come across nowadays. Ones like you feel that a correction is due because market is overbought and highly valued. Time ha…
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