together we fall ....

welcome 2k8
HAPPY REPUBLIC DAY !!! (i know i know its late already but still :D)

not a great start for the stock market but then this is just the begining and theres lot more action left for the year. there have been couple of black mondays, fridays or shall we say entire week :) what a volatility! nifty dropped more than 2k points within a week and recovered few hundreds already. of course it will restore and things will be back on track and bla bla bla but what about the realized loss ? the blame game has already begun. there are good lessons to learn (for the novice traders like me) and every lesson comes with a cost ;)
1) go for hedging if you have considerable portfolio size
2) always have some cash (risk capital) at disposal and make the most of such drops.
3) never / minimize trade on credit basis.
4) keep safe distance from options and derivatives :)
easy said than done ... i know ... people just get dragged in the rally and then one fine day BANG its all gone. fortunately i had withdrawn lot of funds just few months back, even then i encountered substantial losses. but all is good if your overall position is in green. worst is i still wish i had more cash to pump in ... lol. no doubt this is a gr8 time to buy many good scripts provided if you have time and money for them to grow. frankly speaking this is just a part of the game (and is now reality :D) there was one funny SMS i got which said "saare zameen paar ... every script is special" hahaha

now all eyes are on the big ipos. reliance as well as future group. overall had a tough time last week. pretty depressing week. hopefully sunny days will be here again (soon).
the only exception was when Symantec stock went up by around 10% after the quarterly results were announced. not that i have many vested but it certainly is a gr8 feeling when you see it go up like this that too when the time is not really all that good. US economy seems to be heading towards slowdown. recession is just round the corner (that is what experts have to say) lets hope that it doesnt get too bad as the tremors will be felt all over the world.

about the weather ... pune is awesome during winter. it is pretty cold here in mumbai as well :) i just love winter. the weather is really good in pune .... i guess we had some 9 degree celsius min temp recorded for the season not sure if it fell down ne furhter.
well thats all for now. its past 12 already have to leave early morning for pune. time to hit the bed.


- signing off
ameyas7