Would sum up our views in the last 2-3 mths.
At 17500 levels we were cautious and advised generating cash to large extent. that time the market consensus alongwith analysts was bullish with tgts of 18500-19000 and 5500-5800 .
At 16800 and 16100 breakdowns the caution was given about a deep correction possible and to generate much more cash and exit all trading longs.
The expected correction was to be 14100 zone or 12500-12800 zone where in the strategy would be to buy in a staggered manner. !!!! The market consensus was the weakest at 12800 and analysts were highly bearish for 3200-3600 and 11000-11500 .
Now the view is the retracement could go to 15100 and on an optimistic case 15800 odd. As staggered buying was done now we would be booking profits partially on every rise and totally generate cash of the stocks bought in the correction. Investors who did not generate cash earlier at 17k should now at least shuffle/restructure/generate cash to maintain a good cash level as part of discipline.
Just pasting some of the lines of the newsletter mailed to clients and the link to see the newsletter.
28 May 2008 --- Sensex 16500
WE MAY WITNESS A DIFFICULT & PAINFUL CORRECTION IF SENSEX STAYS BELOW 16500 FOR LONGER THAN 4 WEEKS. POSSIBILITIES ARE TESTING OF PREVIOUS MAJOR LOWS OF 14677 & EVEN DEEPER UPTO 12500.
WE HOPE YOU HAVE NOT FORGOTTEN YOUR LESSONS LEARNT IN THE MONTHS OF JAN - MARCH '08!!
FULL NEWSLETTER click here -------
3 June 2008 - Sensex 15950 odd
"DLF LTD IS JUST WAITING FOR A PUSH AND WILL FALL INTO A DEEP RAVINE. WE ADVISE INVESTORS TO EXIT FULLY IF BREAKS BELOW 572. EVEN TRADERS MAY INITIATE SHORT CALLS ON FALL BELOW 570. STOCK MAY SLIDE BELOW 500 MARK IN SHORT TO MEDIUM TERM."
FULL NEWSLETTER Click here
23 June 2008 -- Sensex 14300
SO, HOW TO BEAT THE BEARS???
1. DON'T TRADE OR INVEST AT ALL!!!
2. BUY ON DIPS, TRY SIP (SYSTEMATIC INVESTMENT PLAN)
3. SELL THE MARKETS, THAT IS, GO SHORT. IF YOU CAN'T BEAT THEM, JOIN THEM.
WE PREFER THE 2nd OPTION AS IT WILL PAY OFF IN LONGER TERM,
FULL NEWSLETTER click here ---
24 June 2008
PROBABLITY OF SEEING 12500 IS BECOMING BRIGHTER BY THE PASSING DAY. SO, STAGGERED BUYING AS SUGGESTED AROUND 13500 & THEN ADDING MORE AT 12500 WILL BE THE WISE THING TO DO.
2 JULY 2008
"WHEN IT'S RAINING BAD NEWS AND YOU SEE BLOOD ON THE STREET" - SMARTEST OF INVESTORS ADVICE TO GO SHOPPING. BUT, YOU CAN SHOP ONLY IF YOU HAVE CASH, SO HOPEFULLY, MOST OF THE QUICKGAINERS ARE SITTING ON CASH AND MAY LAP UP THE OPPORTUNITY.
FULL NEWSLETTER LINK Click Here ---
17 July 2008 - Sensex 12800-13100
IN EXTREME SHORT TO SHORT TERM, BEARISH MINDED TRADERS WILL HAVE TO BE VERY VERY CAUTIOUS AND MAY EVEN BE BETTER OFF BOOKING A MAJOR CHUNK OF PROFITS.
FULL NEWSLETTER LINK CLICK HERE --
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