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Moneycontrol >> Messageboard >> General >> Odd One Out
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Odd One Out

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09 Nov 2008 17:00

Dear robinswami I am in this market since 1985 and i have survived till now . Lots of ups and down has come but the fact remains i was able to marry my three doughters and one son spending quite a fortune. I am badly bruised in this meltdown as i started investing at 4300 nifty but i have nor regrets as i believe markets can not pay you handsomely every year .I have started investing again as prices are rediculously low. I know i have ti endure more pain as every expeert you listen portrays a gloomy picture as if there is no tomorow and every thing will go down heavily. But i have confidence in my insticts and i believe voh subah kabhi to ayegi. I have no worry about finances as my next spending will be after 6-7 years for my grand doughters education and marriege.I dont have any difference for midcap -small cap -large cap as during last 23 years i have seen that when things are good everything goes up and when things are bad every thing goes down so the main mantra is to keep investing. Banks can give comfort of 10% every year but for money to grow equity is the answer....

In reply to:

Searching for direction in the market?

Posted by : Robin Swami

I consider that Indian market is at its bottom or very close to it. At this point I would like to bring in a fact which bring out that India is already over sold. We all know that the US market is close to recession. But legendary investor Warren Buffet has called BUY in the US equities. These are some of his famous words which he uttered on 17th october 2008. "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.But fears regarding the long-term prosperity of the nation`s many sound companies make no sense," he said. Buffett said major companies would suffer earnings hiccups, but added they "will be setting new profit records five, 10 and 20 years from now."

If it is so for the US economy how much more true for an economy which is the emerging growth engine of the world?

It is time for us to stop looking at global indices for cues and start picking up equities from Indian bourses. The universe of stocks has become large. But I would recommend investors to buy large cap stocks with strong fundamentals. The following are my recommendations:-

Reliance Industries
ONGC
SBI
Infosys Tech
L&T
Reliance Com
Sail

Short term investors can look for 20% return (7-15 days). If you can hold it till December, expect close to 40% returns. This level I believe is close to true value. If you hold for 8-12 months, then you are likely to get returns close to 100%

True value of sensex is close to 14000. I used to talk about growth premium, which India truly deserves. If you consider this then the value is 17000. This level may be achieved in 8-12 months. But I strongly feel that sensex will very soon revert to 12000 levels. There will be very strong resistance at 10000 in downside(similar to the one we had on the upside).

It is rumored that a US based billionaire investor has heavily initiated long postions. If you (Indian Retail Investors) have not sold your stocks so far, please do not make the mistake of selling them now. If you have cash, start accumulating and building your portfolio in a gradual manner. 3-4 years down the line we may see levels of 30,000.

Happy Investing Folks! Cheers, finally bottom is in sight!!


09 Nov 2008 13:18

well yes to me it would still be market doubts in general conv unless me askng your advice on the markets, you really hav picked up everthin to knw on markets, hav a great sunday....

In reply to:

where have they gone

Posted by : radhika_nandlal

rajesh,

Thanks a lot... you know me as marketdoubts? Gosh.. that name stuck i guess. LOL.. Okay have a nice dinner.

09 Nov 2008 00:24

radhika_nandlal
This is what the american president gets paid

The President will be paid $400,000 per year (annually), and has a $50,000 spending budget, gets use of a fleet of special secure Planes known as Air Force One only when he is aboard it, and has use of the Presidential retreat, Camp David, among other privileges. However, the President must foot a lot of his own expenses, including dry cleaning, take out, etc.

400000 dollars = 19,016,000 Rupees

190 lakh rupees? that is 19 crores?/ after tax how much?/ Gosh what a salary.... and by the end of his term, he is worth 100 crores. WHOW!

ms.nandlal........sorry to disillusion you but it`s a measly 1.9 crores per annum.......see what recession does to you even after downing 3 pegs of pure malt the zero`s refuse to blur!
what a waste of whiskey i mean.....times are bad :(...

In reply to:

American President`s TAKE HOME

Posted by : eshers

RN,

Most of our MLA`s are worth atleast few times more than this.. This is nothing for the president of world richest President..

Cheers

08 Nov 2008 22:37

rajesh,

Thanks a lot... you know me as marketdoubts? Gosh.. that name stuck i guess. LOL.. Okay have a nice dinner....

In reply to:

where have they gone

Posted by : rajesh chhabria

marketdoubts, LOVELY , WONDERFUL. nice to see you, so no more doubts on the markets, instead making others doubtful of their approach with ur expert comments. God, what a transformation. CONGRATS AGAIN MADAME. do keep in touch. of for dinner, my wife is yelling at me.

08 Nov 2008 22:35

oops, was to reply as niceboy, gotta not let my wife make me fumble, off now, else no dinner tnite...

In reply to:

where have they gone

Posted by : rajesh chhabria

marketdoubts, LOVELY , WONDERFUL. nice to see you, so no more doubts on the markets, instead making others doubtful of their approach with ur expert comments. God, what a transformation. CONGRATS AGAIN MADAME. do keep in touch. of for dinner, my wife is yelling at me.

08 Nov 2008 22:32

marketdoubts, LOVELY , WONDERFUL. nice to see you, so no more doubts on the markets, instead making others doubtful of their approach with ur expert comments. God, what a transformation. CONGRATS AGAIN MADAME. do keep in touch. of for dinner, my wife is yelling at me....

In reply to:

where have they gone

Posted by : radhika_nandlal

Niceboy,

You dint identify me.. .i am marketdoubts!!

08 Nov 2008 22:20

niceboy,

52 lacs everyday? LOL LOL.. i thought MALAYALI made only 27 lakhs everyday... HA HA... oh how can a man be so childish as he.. LOL LOL...

In reply to:

where have they gone

Posted by : niceboy555

ya, ur fixation mr.malayali, made 52 lacs everyday, gives his call after the market has completed it, always 100%accurate, oh,how many traders would love to meet him

08 Nov 2008 22:17

Niceboy,

You dint identify me.. .i am marketdoubts!!...

In reply to:

where have they gone

Posted by : niceboy555

thanks for the welcome, did u hav some other nick before?

08 Nov 2008 22:13

thanks for the welcome, did u hav some other nick before?...

In reply to:

where have they gone

Posted by : radhika_nandlal

Thanks niceboy, welcome back... whats the nature of ur business? Yes i am queen of MMB and do track MALAYALI also coz he is King of MMB!!!!

08 Nov 2008 22:04

ya, ur fixation mr.malayali, made 52 lacs everyday, gives his call after the market has completed it, always 100%accurate, oh,how many traders would love to meet him ...

In reply to:

where have they gone

Posted by : radhika_nandlal

Thanks niceboy, welcome back... whats the nature of ur business? Yes i am queen of MMB and do track MALAYALI also coz he is King of MMB!!!!

08 Nov 2008 22:00


i guess goldchest would remember, a fiery discussion on the share market by reflexive , gosh, still gives me goosebumps, wish i could read that all over again, nd yes the banter of the of 2004/2005 on this board, nice memories ...

In reply to:

where have they gone

Posted by : niceboy555

wow, firstly its great tht someone remembers me. thnks fr tht.ur rite about all of them, feltra, sainik, equitysurgeon, reflexive, snsiva, golden memories..

08 Nov 2008 22:00

Thanks niceboy, welcome back... whats the nature of ur business? Yes i am queen of MMB and do track MALAYALI also coz he is King of MMB!!!!...

In reply to:

where have they gone

Posted by : niceboy555

me made a few losses in th market, not much, still got freaked out and returnd to my core biz, later saw all my stocks zoom. took me time to get over it, nd am back now. must say, ur the queen of mmb now radhika, congrats

08 Nov 2008 21:53

me made a few losses in th market, not much, still got freaked out and returnd to my core biz, later saw all my stocks zoom. took me time to get over it, nd am back now. must say, ur the queen of mmb now radhika, congrats...

In reply to:

where have they gone

Posted by : radhika_nandlal

Hi niceboy,

Your home page shows Mojo, gooddoc, topgun,ankurodgam, feltra, reflexive, tunesofindia i remember all of them. ALL OF THEM HAVE DISAPPEARED... i am on MMB so i dont land up with alzhimer`s... trying to research how memory affects me.. thats why i roam here like an old ghost. LOL LOL

08 Nov 2008 21:52

No i did not mean that way
Over period of continuous stress people may not be able to maintain the Same poise
So many good companies rotate these type of jobs
At the company i worked the HR used to watch and do refreshers frequently for consistency
GV...

In reply to:

Multitasking! Any course online??

Posted by : radhika_nandlal

So what are u saying GV, barking at everyone as an executive is okay? LOL LOL

08 Nov 2008 21:51

wow, firstly its great tht someone remembers me. thnks fr tht.ur rite about all of them, feltra, sainik, equitysurgeon, reflexive, snsiva, golden memories.....

In reply to:

where have they gone

Posted by : radhika_nandlal

Hi niceboy,

Your home page shows Mojo, gooddoc, topgun,ankurodgam, feltra, reflexive, tunesofindia i remember all of them. ALL OF THEM HAVE DISAPPEARED... i am on MMB so i dont land up with alzhimer`s... trying to research how memory affects me.. thats why i roam here like an old ghost. LOL LOL

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