Friday, February 02, 2007


Stock update 02 Feb 2007

The market seems to be going great guns. Hit the highest high in its history, and there is no telling what can happen. Sensex crossed the 14,400 mark, and yet in its high, there is an incredible amount of analysis that essentially states that it just cannot be so high. And to some extent, things are not the same as before. The sensex gyrates wildly, some days dropping 200 points, and recouping that within a couple of hours.
Some of the positives that seem to be driving this movement are a good sustained growth of the economy, good corporate results, and a hunger by FII's to invest in India. A negative is that the P/E levels are pretty high, and this results in a lot of doomsaying by experts who cannot believe this growth.
What can a person do ? It would be ideal to keep on locking profit in non-equity measures such as FD's, real estate, gold, or investing in some business. If you don't believe in all this, then a good way would be to setup a SIP for mutual fund investment on a regular basis. The one good point about Mutual Funds is that they promise (well, not a written promise) to give a FD beating return year on year, so if you invest a certain amount in a good fund, and leave it for a number of years, you can see the power of compounding.
This post is longer than usual, so let's get on with the stocks that I am tracking:

1. Zicom Electronic Security - Rs. 205 (not a short term gainer)
2. ANG Exports - Rs. 303
3. Trigyn Tech - Rs. 36
4. Accel Frontline - Rs. 104
5. Fluidomat - Rs. 16 (more risky)
6. Fortis Financial - Rs. 123
7. Kojam Fininvest - Rs. 229
8. JMC Projects - Rs. 265

There is a wonderful latin phrase "caveat emptor". Simple meaning - Let the buyer beware. Why this phrase here ? These stocks are not my research, I pick these up from what other people say, although I have a certain amount of confidence in listing these. But, anybody who buys stock based on a tip does so at his / her own risk.

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