Hi all,
The crude touched the high of 147.95 and closed arnd 138 it means the two tops taken off ... yes the crude has formed double top a significant correction can be expected from here on. Whats worse is we have reacted heavily on downside for any sector. Reality available at 65p to NAV . Banks available at 2 times book and 1 times private and public respectively. Stocks will tend to outperform once clarity comes in terms of US economy . However we are nearing the bottom and thats per sure a sluggish consolidtation phase is over ...Now we ll make a move +- 2% from next week. no major downside risk. come on investors u were buying at 15k nw its 12.6k whats stopping u. ood news are just started start invest more often. Picks are old favorites
Zylog, Mundra, EDL, SUpremeinf,BHel,LT,HDFCBANK,LMW,KOLTEPATIL and ELectrotherm
the list continues to grow
Happy investing
Wednesday, July 16, 2008
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