|
By advisor on 15 Apr 2010
- I use some special and general methods to find new stocks for investment.
In the last 1 month it has been very hard to find stocks which fit to my critiria.
This tells me few important things about the markets.
- Markets are getting over heated.
- I am not very comfortable investing in many stocks I love at these levels.
- I am not saying markets have peaked and a crash is about to occur.
- But I am saying there is a quite a good chance of markets correcting 10-15% from here rather than appreciating 10-15% from here.
- I am not saying sell your holdings. Definetely a Austin at 85, GG Dandekar at 90, Menon at 80, Aeonian at 185 etc.. have a good chance of appreciation atleast 35-50% in next 1 year. Hold on to them, Book profits and re enter as and when recommended by me.
- I am saying just because I am not giving enough calls, buy something else.
- Also because few counters like GEI, Mayur Uni etc appreciated more than 100% even after we selling, do not hold on to stocks even after me recommending a exit.
There will be still new buy calls in coming months (like I gave the call of Valson today) as and when I find good counters.
But the exit calls will be more and the idea is to switch to more cash in next 2-3 months.
I am expecting you all to have 50% cash and 50% stocks in next 3 months.
Please please note that it is not a PANIC button. Just follow the buy/sell calls with % weitage suggested.
If you have confusion, call us.
|