You might have heard a saying “be greedy when others fear and fear when others are greedy”- warren buffet. I guess this is the strategy used by many investors. Last week created a lot of pressure for me as there was a big fall in the stock market almost all days. In the last few days the Sensex has reached below 20000- point level and lost over 1814 points in the past five days. The Sensex, which remained on a downward march in the last few days, plunged by 687.12 points to 19,013.70 yesterday. It touched the day's low of 18,930.42. This is the fourth biggest fall in absolute terms in the stock exchange history after the loss of 826 points on May 18, 2006, 769.48 points on December 17, 2007 and 717.43 points on October 17, 2007. There was a high selling momentum by many investors. This made me to invest a lot in companies which are fundamentally strong as i do not want to miss this opportunity. I have a strong belief that the market would get stable within few weeks.
Santhosh said...
February 20, 2008 at 10:22 PM
I donno why all the financial analysts keep saying buy now buy now even in the event of stock market falling minimal points. see there you have suggested to buy when the market was around 18K now the market is around 17K. How you guys jump into such a decision?is this like when some financial analysts start saying buy now.. all the others following yeah yeah buy now? most of the analysts say that the real value of Indian markets would be some were around 16-17K, I donno what influenced you with the "buy now" mania.
Santhosh said...
February 20, 2008 at 10:27 PM