indian stock markets are falling - but slowly, what next?

29th Oct 09
As we observe the sensex shedding almost 1000 points from near 17200 to around 16200 now, stocks that were looking expensive are suddenly a bit cheap, but many clients say, we want to wait for it to fall further, some are off the opinion that one should buy in. well my sense is that yes, I would continue to invest in the stock markets, but would look at good value for my investments, for myself in the last 3 days that the sensex has been shedding, I have bought stocks of IDEA, Reliance Comm., Praj Ind, Sterling Biotech, MRPL & REC.
Though my profit margins on Marico and NTPC, these couple of stocks I had holded with a long-term view were down almost 10%, I decided to book profits to partly pay for my new acquisitions.
My rationale is in such scenarios, don't look at what profits you lost because you did not sell earlier, book decent profits on a stock right now, as long as you made some decent profit and go and fish for some real good stocks which are just available at more or less a good price.

well, waiting for Friday now, let's see what it has in store for us.

Ibrahim Casubhoy
Casubhoy - Trident