huineng said:
OK. I will wait. Thanks for the advice.
Hi,
Just putting up my point. When you are trying to find a bottom it is very tough, this is for the sake of long term investors. Short term traders pls ignore since we can clear see a break an intermediate uptrend.
So when find out the bottom is tough, we need to draw a strategy where we accumulate at different levels since we dont know the bottom. You are quoting 2 stocks where fundementals are good and it is fair enough price for it. It may or may not be a fair price but when you made up ur mind that it is a better price to buy then put up 20% of ur investment where u felt bottom to decrease the risk rather than 100%.
ITC@ 160 is the fair price to get but we dont know where the markets are heading to it may lead to any levels god knows, So its either wait and watch game or enter only a % where the risk could be lower.
Hope I made some sense of it.
Regards
Raj