Bought few more 'momentum' stocks, albeit in small quantities. Adlab at 775, Kotak Bank at 820, GMR at 150 and Mundra Port at 700. In case of GMR I had succeeded in buying at 120 on Jan 21 and then selling at 190 just few days back. Got opportunity so bought back at 150. I am trying to broad base my investment approach and see if I can succeed in making some bucks in next 2-3 quarters. I am finding it difficult to hold everything. Given my investment approach of substantial holdings in choosen few, very large part of my long term investment is in stocks like RIL, NTPC and Yes Bank which I am not willing to sell.
GMR, Mundra, Kotal look very good at these prices and I am hoping some 30-40 % appreciation in sometime. Idea also is to see if I can partly cover that I have booked in Manaksia IPO & IFCI :)
Motilal Oswal and Edelweiss looks very attractive from the price history perspective. Some section of the market feels that due to recent crash, Brokerage house results are likely to be severely impacted in Q4 due to bad debts etc. I have not managed to study this aspect in detail or take a close look at one of them, so I am skipping both the stocks.
I am ready to loose my shirt given the overall bearishness in the market and state of the Global markets. I have, however, restricted such trades to 10-15% of my total investment portfolio. Let's see how it turns out.
Regards,
Rohit
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