Accumulate on Dips....

Wow what a crash of the market over couple of days... from 5200+ to 4900+ and back

During these days I booked entire profit in JK Tyres (it has some steam left, as results are good so it can go further up ... may be 200 or 220) and MRF.

The proceed went to the following.

1. Satyam - I am firm believer come July 2010, when results are out, the stock is going to zoom, may be fetching around 100% return, I will book partial profit at that time and keep holding till I get multibagger kind of returns...

2. Fortis - The results are too good to miss this out, yesterday when market fell, it still went up showing the strength in the stock.

3. Microtech - It is kind of hidden from MF. Once it is noticed it will go up, a PE of 3.5 with book value of 243, stock is at a huge discount at 184 now. I am accumulating this too on dips.

Have opened some position on quintegra for short term play, may be max of couple of months.

Quintegra ....

I am going to again take some risk and plunge in to quintegra... quoting at 14.4 or something... it is pure speculative play... a quick move in and out in month... profit can be anywhere from -50% to 100%...

Recommended only to very very strong heart with apetite to loose some money if it does not work out...

The stock used to quote at 35 odd in hey days... it is at 14... i picked up some when it was in single digit and sold it around 14 earlier... since it has stabilized and I have some liquidity with me... would try my luck again and see if this gives some profit to a poor guy...

so long... happy investing/trading...