Buying Strategy - 52 Week Lows !

kkseal · #41 19th December 2006, 01:29 AM

Quote:

Originally Posted by toxicexpulsion

His last reco was punj lloyd at Rs.620. He never gives short term picks. Only long term - over a year minimum.

Thanks. Missed out on that one. Maybe later if it comes down.

Quote:

"Today people say india doesnt have infrastructure (we dont have the shoes to run), but still we are doing 8%+ GDP growth. Tomorrow india will have the infrastructure (we will have the shoes) then what will do?" - Rakesh Jhunjhunwala

That is why i feel we are far far away from a real bear mkt. This country (like many other developing nations) has just started to grow We're knowhere near the end yet. We may still have these intermediate bear phases (due to valuation run-ups, base effect, global factors etc) but each of these will be opportunities to buy.
And in such a secular bull mkt it's the long term investors who'd be bigger gainers than the in-&-out players. I trade because i need the cash flows but also keep a part of my portfolio in investments.

Great man. Have a lot of respect for him.

Regards,
Kalyan.

toxicexpulsion · #42 19th December 2006, 01:35 AM

You can still buy punj lloyd at these levels. According to him its a L&T in the making. Even today he advices to buy punj lloyd.

kkseal · #43 19th December 2006, 01:42 AM

Do ask him about the mkts All this talk of the 5th wave completing ... bear mkts starting... Ask his views on it.

Yes PunjLloyd is a great company Very high levels of technical competence Where they stand out from the other construction/engg companies (except L&T) is the very high nos. of international contracts they have. So they are not just confined to domestic orders.

toxicexpulsion · #44 19th December 2006, 01:49 AM

Im not sure if he will talk about technicals because he never has. I respect EW and follow them myself nevertheless i shall ask him.

I must add that MTNL was his call and he asked me to sell it a few weeks back. He was talking about some deal failing which was expected to make through. Wonder what it is?

kkseal · #45 19th December 2006, 01:57 AM

Quote:

Originally Posted by toxicexpulsion

Im not sure if he will talk about technicals because he never has. I respect EW and follow them myself nevertheless i shall ask him.

I must add that MTNL was his call and he asked me to sell it a few weeks back. He was talking about some deal failing which was expected to make through. Wonder what it is?

No need to mention EWT or any other Technicals. Just ask him how he thinks the mkts will fare in the next couple of years. Whether we have run up too much, whether things will become bearish from hereon etc.

Never tracked MTNL closely so no idea really. But broadband & IPTV may shore up their fortunes a bit. Also there's a proposed merger with BSNL that's still hanging in the balance.

kkseal · #46 19th December 2006, 02:02 AM

By the way a company called AKSH OPTIFIBRE is providing the opt fibre network & equipment (backbone) for MTNLs IPTV rollout. so this company may actually be a bigger beneficiary of the rollout than MTNL itself!

toxicexpulsion · #47 19th December 2006, 02:08 AM

Same is the case with IOL BROADBAND - i think they are providing the system integration and software for mtnl iptv. the stock has sky rocketed but im going to buy some.

kkseal · #48 19th December 2006, 02:18 AM

Quote:

Originally Posted by toxicexpulsion

Same is the case with IOL BROADBAND - i think they are providing the system integration and software for mtnl iptv. the stock has sky rocketed but im going to buy some.

Yes that's a great one too (I had posted about it in a Fundamentals thread). Best thing about such companies is they are not limited to any one player. Tomorrow they may provide content & other services to Reliance, Bharti as well.

I am also holding a bit of RelCOMM bought on the day mkts turned around. They may succeed in picking up Hutch's stake in the Hutch-Essar JV. That will give them a big big mkt in the GSM space. There's another contender though - MAXXIS from Malaysia.

toxicexpulsion · #49 19th December 2006, 02:29 AM

im a hutch user and if relcomm takes over ill surrender my connection. this is very personal.

kkseal · #50 19th December 2006, 02:35 AM

Quote:

Originally Posted by toxicexpulsion

im a hutch user and if relcomm takes over ill surrender my connection. this is very personal.

Good Lord! - then i'd better sell RelComm today!! If Hutch has such fiercely loyal subscribers then Reliance ... better watch out!

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