1. Presently state of market is such that one can not even advice an individual to buy during a falling market as the largest economy of the world has started showing the sign that its businesses are crumbling. I am referring to US and crisis caused due to Lehman Brothers and Merryl Lynch fiasco. Nonetheless the case of AXA bail out is alo a reason to dither for Indian stock market.
2. Thus one must take it with a pinch of salt that one may be catching a falling knife if one buys a falling stock. Even if one recommends buying Reliance arond 1750 level but one has to accept this fact that market can fall close to 10-15% level from the levels at which these stocks have been recommended. So present state of markt vindicates the theory that buy in panic as this time it is a real world wide panic.
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18 Sept 2008
Is this panic worth buying?
Is this panic worth buying?
2008-09-18T09:44:00+05:30
Analyst
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