General Update - 29 Nov 2007

Friends,

I know that I am now getting slow at keeping you all up to date, thanks to my over occupied life.

Anyway let's get cracking.

1. ISPAT is shining; there have been a lot of news items about it and almost all of the broking community recommending it.

- It has been included in the F&O segment and hence another positive for the stock.
- The rumour is that GAIL is extending it gas pipeline to be close to the ISPAT's plant hence reducing the fuel cost, helping to improve profits.

Continue to HOLD for LONG TERM. ACCUMULATE at 40 levels (if the market crashes).

2. MERCATOR LINES touched 150 and has been coming down since then and is now quoting at 117. I believe that most of you have booked profits and made your money. I have been selling at regular intervals to book my profits.

SELL half of your holding to book profits.

3. FORTIS seems to be gaining strength and is a good buy if it touches 75 levels again. Those of you who can wait for 2-3 years can BUY at these levels as well.

4. UNITECH is sitting pretty at 370 levels. Would not recommend buying at these levels. Those of you who already have it, Continue to HOLD.

5. POWERGRID is a LONG TERM stock.
BUY if it dips below 140 levels otherwise continue to HOLD.

6. SUPREME PETRO is again fort at least 1 year horizon. HOLD and ACCUMULATE at 26 levels.

A few other stocks that I like are:
ICICI Bank Below 1100 levels
RPL Below 200 levels
GTL Infrastructure Below 51 levels
Hotel Leela Below 55 levels
BHARTI Airtel 850 levels

IMPORTANT
It is very important to know your RETURN GOALS, do not just keep sitting on profits in the belied that they will keep growing endlessly. It is very important to book profits, as profits become money only when it is booked.

In the stock market there are always opportunities to buy stocks to make profits. So do not think that you will repent a SELL decision in future. It is what you have in hand that matters and not what you speculate for future.

An example below is my transactions on MERCATOR LINES, might help you see how to book profits.



MERLIN - I have already booked INR17000 in profits (over my Cost price) and still hold 100 shares worth (12000 today). This translates into a clean profit of INR29000 on my MERCATOR investment.


In the end have a nice time ahead.
FALLING markets are GOOD TIMES (for us, the long term investors as these are times to BUY).

Cheers
Tarun

Congratulations - reached 100% Return figure.

Friends,

I am now back in London from my lovely trip to India. It was heartening to be back home after a full year.

Anyway, getting back to business.
Congratulations to all the members that our portfolio basket has reached the 100% return figure today. Ispat has already yielded 225% returns. Mercator has yielded 125% returns and Fortis is now galloping back. Powergrid is at the 50% levels (from post listing buy) and Unitech at 40% return.

Returns















Forward Strategy
1. Those of you booked some profits in Ispat earlier can buy into Ispat. Like I have 600 shares now (having booked 1000 shares) am now going to buy another 1000 at around 45 levels.

2. If any of you checked then SUPREME PETRO that I mentioned sometime back has started moving. It moved from 32 to 25 levels and is now back at 32 levels. For people with high risk high return appetite I would suggest buying into this stock at current and around 30 levels. The company has a strong earning per share and is supposed to be a good future story.

Effectively, the pick for this post is SUPREME PETRO at current levels of 32. The stock is hitting 20% upper circuit today.

Cheers
Tarun