Urge ValuePickrs to also write in. Remember that more scrips will go into this list every quarter …today some % of us are facing the music, in 2-3-4 quarters most of uswill be dancing to the same music.
Many of us will become “mini” Warren Buffets , holding our stocks forever & ever - but without WB’s wealth to see us through .
Pity the person who needs money desperately & needs to sell any ofthese scrips. I only hope & pray that i might never be in thissituation.
If this madness does not end soon, many investors will quit thestock markets for good.
What I noticed is, even though volumes have shrunk, the price of stocks have not collapsed much at all,at leastthe stocks I own. So the market is still vastly very efficient. Probably too much of trading might be gone, but efficiency is not gone completely. Though I do not endorse this sort of method to arrive at ill-liquid stocks, I was able to place buy orders and make decent quantity purchases. Not sold any of thoseill-liquidstocks and not in a hurry to sell anything, I can’t comment about sales getting triggered properly. Obviously, we can still see the top 5 orders, and match the sales accordingly, if we aredesperate to get out.Surely I believe this rule will be thrown out pretty soon orat leastwill be tweaked in a major way.
I would also like to make a suggestion, which came up on another board - that we should write to the company’s whose stocks we hold & which are in the illiquid list, asking the managements to do something about this, as the new system has adverse consequences for the companies too.We should urge them to take up the matter through their respective industry associations - CII, FICCI, ASSOCHAM etc.
If successful, this will open up another pressure point on SEBI, and they will not be able to give the industry associations short shrift that they have been giving us.
wimplast has shown good topline growth. .But i guess with weak rupee and high crude prices, net profit margin has been affected to some extent… Even inspite of that the net profit figures are good. Expansion seems to be bearing fruits now. and debt seems negligible.
I think around 310-320, stock does look attractive for medium to long term investment.
Kenneth is a very good stock picker and has impeccable track record. His fund (IDFC Premier Equity) was early investor in companies like Kaveri Seeds (holds since IPO), Page Industries, Blue Dart, Bata among others. He still holds them and other stocks in IDFC Premier Equity include Indusind Bank, Asian Paints, United Spirits, Trent, Bosch, P&G Hygiene, Arvind, GAIL, MRF, Container Corp, Shriram Transport Finance, Torrent Power among others.
A good stock picker, who can not give sensex beating performance for 1/2/3-yr time, is a “good-for-nothing” guy for me. Investment is 50% picking stocks at right valuation, and 50% allocating fund in correct stocks.
Kenneth is a very good stock picker and has impeccable track record. His fund (IDFC Premier Equity) was early investor in companies like Kaveri Seeds (holds since IPO), Page Industries, Blue Dart, Bata among others. He still holds them and other stocks in IDFC Premier Equity include Indusind Bank, Asian Paints, United Spirits, Trent, Bosch, P&G Hygiene, Arvind, GAIL, MRF, Container Corp, Shriram Transport Finance, Torrent Power among others.
Midcaps were bound to face resistance in january…
Infact it was the holy grail number 3.14(pi) on the BC retracement of the alternate bearish abcd which threw the hammer…
The next resistance is also going to be faced at 1.618 which also is due in very near term!
I feel huge oppertunity to use the correction for next leg of movement…
