Skip to main content

My takeaways from Investor Camp in Kolkata

P.N.Vijay

* Look at overall economy for indication of sustainable growth
* Look at interest rates very closely as they are negatively correlated to equities. i.e, when interest rates go down, equities go up
* Fundamentals take time to develop
* Don't leverage yourself

Midcap investing has the best risk/reward in today's market

Midcaps bets can be of various types:
  • Plain Vanilla : Very fast paced growth in a good sector and will soon turn big enough to attract institution attention. e.g. Punj Lloyd, GMR infra, JP Associates
  • Mergers and Demergers: COmpanies create value by merging and demerging. e.g TV18, KEC
  • Overseas Acquisition: Often leads to rapid increase in size and mcap/sales
  • Restructuring: Improving balance sheet by restructuring debt
  • New Story: New sunrise industries e.g. Educomp, Praj, MIC Electronics, Everest Kanto

Opportunities in 2008: Karuturi Networks, Shriram Transport Finance, Provogue

Ashwini Gujral

* Manage your capital so that no loss is your final loss.

* Only three things are required for successful trading: Method, Capital, Discipline

* The moving average indicator is a trend following indicator.

Fundamentals are known after a lot of the upmove in the stock is over.

Moving average indicators for traders
10/13 EMA - short term traders
23/30 EMA - swing traders
50 EMA - intermediate trend trader
200 EMA - long term trader

Ashwini's picks for 2008: Auto (Tata Motors, Maruti, Ashok Leyland), Tech (Satyam, TCS, Mphasis), Sugar (Bajaj Hindustan, Balrampur Chini), PSU Banking (SBI, PNB,BOI)

His word of caution: Do not over leverage. Protect your downside in 2008. 2008 looks to be like a year of consolidation.

Rajat Bose

* Trade what you see, not what you think
* Focus on movement of prices above everything else; your trades get settled on the basis of prices and nothing else
* Everything else is secondary: news, views, indicators, volumes etc
* Trade management is more important than entry into a trade
- cut your losses; let profits run
- stop losses should be predetermined and strictly followed
- NEVER average a loser
- NEVER meet a margin call
- Increase your position in a trending market
- Reduce the position size in a volatile market and/or when you are on a losing streak

* Preserve your capital
* Aim at attaining consistent profitability
* Grab any supernormal profits you get

Rajat's picks for 2008: Balrampur Chini, Jeyashree & Sakthi tea, Upper Ganges Sugar, Selan Exploration, GMDC, Gujarat NRE Coke, Techno Electric, Universal Cables, Cent BoP, City Union Bank, Karnataka Bank, XL Telecom, RelCom, Gold ETF

Angel Broking House View

New emerging theme: Agriculture

Stock Picks: ITC, HUL, Coromandel Fertilizers, RCF, Ralis India, Autoline Ind, BASF, BOC, Clariant Chem, Gillette, GMM Pfaudler, Honda Siel, Jindal SAW, MRF, SCI, TNPL, Tata Motors, Vardhaman Textiles, Finolex Cables, Uniflex Cables, RPG Cables, Merck, Pfizer

Comments

Post a Comment

Popular posts from this blog

Indian Markets - Crystal ball gazing

Here is what I came yup with by crystal-ball gazing (the crystal ball is now pretty cloudy and filled with dust, but what-the-heck...it sure is some fun to look at it once in a while... Sensex/Nifty will make a dash for the all-time high sometime soon (maybe as early as October end) Either breach it or turn back just short of it. A bout of profit booking follows. Indices go down 10%-15% (back to around 18K-18.5K) Main indices remain sideways for the next couple of quarters. Mid caps move up from now as the last few weeks the valuation gap has widened. Sometime after 2-3 quarters, the next up move starts for the main indices. By that time, PE is down to about 22 (which is still high but certainly not hitting the roof). One point to consider is that the 2008 debacle is still fresh in the minds of most people, and as long as it remains, the sentiment of fear will be there. That will prevent the markets from having a runaway rally or a breakneck fall. I sure hope I am right!!!
Post a Comment
Read more

Final days in Chengdu

We made our presentation to the Big Shoe Company. I thought it went pretty well. I presented strategy for online marketing to them. That is what I thought what they wanted to know the most. But selling shoes online is going to be fairly tough for an unknown brand. Once we were done with the presentation, we were back to the hotel and started working on our consolidated SME report. By Wednesday we had completed the SME report and also the final presentation that we were planning to give Madam Bao Hui, a member of Chengdu Municipal CPC committee, and Chairman of General Labour Union. Loren did not want to present because he had one more presentation that day, so we egged on Vandana  to do the job. The final meeting with the chamber of commerce was in a swanky 5-star hotel. There was local media coverage as well. The President of the Chengdu Chamber of Commerce was there to greet us. We had four presentations on general themes which was concluded by the final SME report. Madam Bao then
Post a Comment
Read more

Great Quotes

I came across some very nice quotes on the web.  Some were really good and worth repeating. Figure out what the top five most important stuff is, focus relentlessly on that and keep iterating. Less is more. -- Daniel Ek, CEO, Spotify  My personal limit is upto 3 concurrent goals. It gets much much more complicated if it grows more than that. Have 3-4-5 (whatever suits you fine) goals that are top of the list and focus on them wholeheartedly. Don’t let people tell you your ideas won’t work. If you have a hunch that something will work, go build it. Ignore the haters. -- Dennis Crowley, CEO, FourSquare  There will always be naysayers. It's more important to believe in yourself and do what you think is right. End of the day you are only answerable to yourself, and no one else. Follow your gut. it may be wrong, but you won’t regret it if you fail. You’ll regret it if you ignore your gut and fail. -- Sarah Lacy, CEO, PandoDaily  Follow your instincts, but upto a limit. The
Post a Comment
Read more