About me: UPDATED TODAY ON 08-05-08.
I am a first class graduate engineer of 1976 batch (civil engineering branch). I am working in a PSU for last 31 years and presently holding a high managerial post, planning to retire soon. I had developed a keen interest in the stock market from 1992 onwards and now grossly involved in it. You may remember me as a long term investor, short and medium term trader etc. In my opinion a new-entrant should commit small mistakes very carefully on other's advice (which is quite normal now, though the advisor is a great analyst boosted by TV18, BS, BL, Religare-Sec, Capitalmarket-Magazine etc.). Learning something from every committed mistake can make one 'Rich-Fellow' from a 'Poor-Fellow'. One cannot become successful in a particular subject unless he develops clear perception about the subject making him a master. For this reason one has to invest a maximum 20% of his capital on other's advice and think it as his fees for learning. This advise is to warn the new entrant so that he does not lose heart on losing the 20% of his capital. Later on while investing the balance 80%, he should go in 4-stages each of 20%. Stage-I: When Sensex is booming (it is most normal for a new entrant but apply vaccum brake after investing 20% of your capital). Stage 2, 3 & 4: Sensex fell by 20%, 30% and 40% from the top. To have an example take the present condition. On 07-01-08 you had an investment of 20% your capital, then on 22-01-08 you have invested further 20%, on 24-03-08 you had invested another 20% and still left with 40% of your capital to invest if the Sensex goes down below 13000. Caution: Profit will not come in one day but bound to come at later stages if you learn sincerely from mistakes made from the begining.
Currently, I have an investment of around Rs.20,00,000/-, leaving me wih Rs.5.0 lakhs more to invest if the Sensex goes down sub 13000. I have seen many ups and downs of the stock market. There is instance that I made profit of Rs.15.00 lakhs in one year with a capital of Rs.1.0 lakhs only. Further, there is instance that from a capital of Rs.22.00 lakhs I lost Rs.12.00 lakhs in 9 months. So, I feel I am a weathered rock.
Anybody can now imagine that advise of other people cannot change my perception about a company and the market as a whole. Still I read almost 80% messages of the MMB, analyses of the 'Capitalmarket' magazine, paid recommendations of Religare Securities, Investor Guide of BS, Recommendations of BL, 95506amdotblogspotdotcom and scripadvicedotblogspotdotcom etc. These all activities are to keep myself up-date with the world.
Strategy adopted by me: I don't go for Intraday trading because I feel I am not worth of it and it is not for man of my calibre but of a market-mover (having big capitals), who can drive a particular stock up or down, the either way. I think it is better to have profits of 20% to 50% in a particular scrip in short periods of one to three weeks. For this purpose, I have selected around 30 scrips that are fundamentally strong and have bright prospects in the immediate future that are listed below numbering preferencewise. I have taken great care to examine the fundamentals of these scrips with ten-bagger objective in mind. My capital is not divided proportionately to each but in differing quantities. They are changed everyday depending on their movement. When a scrip goes up by 25-30%, I sell that scrip and increase quantity in another whose price suitably comes down. I re-suffle the scrips everyday depending on the price movement and my profits. Thus, I keep my capital constantly invested with varying amounts in selected scrips. I think that if the Sensex goes down to sub 13000, my scrips will hardly go down by 10-15% from the present level. This much downturn is bearable for me. On the other hand I think, these stocks have great futures and can give returns of more than 1000% in two/three years. The list is selected with special consideration that enemies like 'Inflation', 'Subprime slowdown' & RBI CRR hike cannot harm the stocks in a major way.
List of Scrips:
1. India Glycol BSE CODE 500201
2. Temptation Food BSE CODE 519228
3. Jain Irrigation BSE CODE 500219
4. Nicholas Piramal BSE CODE 500302
5. Southern Bio BSE CODE 532669
6. Noida Toll BSE CODE 532481
7. Tata Teleservice BSE CODE 532371
8. Venus Remedy BSE CODE 526953
9. Suven Life BSE CODE 530239
10. Guj State Petro BSE CODE 532702
11. CAT Techno BSE CODE 531682
12. Usher Agro BSE CODE 532765
13. Kamanwala Hsg BSE CODE 511131
14. Software Tech BSE CODE 532293
15. MRPL BSE CODE 500109
16. RCF BSE CODE 524230
17. Shardul Sec BSE CODE 512393
18. Mysore Paper BSE CODE 502405
19. Ceat Tyres BSE CODE 500878
20. Tata Sponge Iron BSE CODE 513010
21. Jhunjhun Vanas BSE CODE 519248
22. Aurionpro Sol BSE CODE 532668
23. Lanco Global Sol BSE CODE 532368
24. Jindal Polyfilm BSE CODE 500227
25. Gayatri Projects BSE CODE 532767
26. Zenith Infotech BSE CODE 532298
27. GV Films BSE CODE 523277
28. Twinstar Soft BSE CODE 531917
29. Deccan Gold BSE CODE 512068 (purchase at 42/- or below only)
30. RAS Extrusion BSE CODE 523780 (rarely traded but trading not suspended by BSE. Purchase at any price below Rs.8/- when regularly traded)
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