Stock Watch- Glenmark Pharma, Aban Offshore,Rolta
Glenmark pharma remains my favourite pick in the pharma space as it continues to trend up nicely. Watch out for the stock.
Similarly Aban Offshore is one of my favourite stocks in the oil exploration space. We had traded the stock last time from 3000 to 5000 and it seems that the stock is ready to make some explosive moves in the coming times.
In IT ,Rolta looks promising once it crosses 330-340 levels.
Still I would be cautious around 5050 levels. We need a strong momentum on the upside to really take a dash at 5300 levels. One good thing is the abundant “scepticism”,so that might limit the downside.
For aggressive traders,there are many good short term trading opportunities. If you are good in managing your risk, you can make some decent money.
tell me about oil india ltd.can i invest?
I like the stock. Keep a stop at 1075.
Hi Ravi,
I told clearly the reason for exiting the stocks. I am lucky the market crashed after i exited. The reason for it is sage. I think even sage himself would have exited most of his stocks as he did in May 2006.
Now the second thing. I don’t know where you felt that I meant Sage is for charity. May be you wanted to look at my post that way. Another example of confirmation bias.
What I meant was whatever ideas sage is giving is for free. So if we can benefit we will. If not no need to complain as anyways you and me are no paying him. And he never cheated anyone nor made fool of anyone.
Also people were complaining that sage was missing when the markets were bad. Sage was posting in the blog till March 16th way after the correction is over. Nothing happened in the markets during the period (1 month) when he did not post in this blog. He did not post because there is nothing to post. He would have been guiding his clients during that period.
Now he has started recommending stocks again. Instead of crying over the spilled milk let us start benefiting from his posts.
PS: Glenmark is up 10% from the time he posted.
Regards,
Rohit
For a trend trader- no price is too high to buy and no price is too low to sell.
If you find time, you should carefully see the chart of HFCL from 1998-2001 period, you’d know what I am saying.
As far risk goes, you are right in saying that each one of us needs to define his/her own risk. This is not something that can be captured by mathematical equations.
Infact-one of my clients ran his 10 lakhs to 50 lakhs(in 4 months) and then lost 25 lakhs in a day coz of his greed/overconfidence!
Net-net he still made money but he just couldn’t handle the loss of 25 lakhs in a day and is currently out of the markets after the shock.
My idea is to tell you “what works” and what doesn’t. And that too is just my opinion-nothing more than that.It is not to confuse you or anything. CNBC is the place for people who want unbiased view of the markets
Rohit has to be clairvoyant if he could see that the market would crash after he exited.Every one knows that when stocks go too high they have to come down. The question is when is a price too high? Nobody knows and certainly not a trend tracker- who confessedly doesn’t follow the fundamentals.I think each one has to decide for himself. And how does one decide? By not being too greedy and lose sight of the risk. But then how can you not be greedy when stocks go up for months! So its time to lick our wounds.And wait perhaps.
As far as sage is concernd he is not out for charity as Rohit would like to believe. He is looking for customers and that is why he writes like he does! You can make what you want to make of his posts. He throws you a bait by giving subtle hints which can be interpreted either way.
Anyway I like his posts though admittedly have not been able to profit from them.
By the way why do we all refer to Sage in the masculine gender only? Any thoughts?
I went through all the links Sage mentioned in above post as and when they were posted. I must admit that they didn’t make much sense to me when I read them earlier. However, upon re-reading today they made much sense. I understand, perhaps in a hard way, that what exactly “managing risk” is.
I always felt it was important to know what a buy price should be, but I never thought knowing selling price is equally important as well. On Jan 15th, my portfolio was at Rs 3.4 lacs profit (not bad with barely 6 months in stock market, isn’t?) and in next 2 months I was sitting at Rs. 1.1 lacs loss (however, courtesy late bounce-back I have recovered all my losses luckily).
I have learnt my lessons. I have learnt not to blame anyone for any losses. It’s my money and all success and failure is solely mine….
cheers
I completely agree with Mr Rohit.
Sage has been a good adviser , to me too, even though am not his subscriber as well.
Regards;
Hozefa NC
Rakesh – Let me tell you in the beginning itself. I am not a client of Sage.
I have exited all my holdings by First week of January seeing the above posts. You ask anyone who has seen market correction and they say the early warning for a bubble is all the penny and mid cap stocks go up as if there is no tomorrow.
Tell me something. Are your trading decisions made completely by following this blog? If not then you do not have any right to say “Please dont fool investors like us any more.” Because your trading is independent of sage.
Can you tell me in specific terms as how did you fool investors. Did he tell anyone to purchase a stock and it went straight down and he made money. Did he fool you by saying his trading psychology the moment he started the blog in this post “http://sagecapital.wordpress.com/2007/06/23/infosys-a-study-in-following-trends/”
Did he fool you by educating you about the psychology of trading in these posts
“http://sagecapital.wordpress.com/2007/07/31/why-risk-management-is-critical/”
“http://sagecapital.wordpress.com/2007/08/19/do-all-of-us-suffer-from-confirmation-bias/”
Or may be he fooled all the viewers of this blog by this post. I am pretty sure this should be the one.
“http://sagecapital.wordpress.com/2007/11/19/a-word-of-caution/”
Or may be he fooled investors by recommending stocks like RIL, RelCAP, REL, L&T, BHEL, RPL, RNRL, IFCI, JP HYDRO, NAGARJUNA FERTILISERS, XL TELECOM, ABAN LLOYD, PUNJ LLOYD, ADANI, LANCO, ABNUVO, PROVOGUE, RAJESH EXPORTS, ORBIT, Akruti Nirman etc. etc instead of stocks like Platinum Corporation, E.Star infotech and a whole crap of penny stocks. Sage – I feel you really don’t have any talent. You don’t know how to fool investors. Gain some skills dude. If you cheat investors so openly then they will put a case on you in the court.
Now tell me did you really read any of the above posts of Sage. If you have read then why didn’t you exit your stocks? Did you think he was just talking about risk management and every other analyst does the same so no need to worry. Many analysts would have told us during November, December and January that the market is overpriced but how many analysts told us clear cut that the scenario is exactly similar to that of 2000 and May 2006. Sage is so knowledgeable that he warned many times. He even told to one person in the comments section that he is exiting most of the stocks. Stocks like Reliance Energy since he doesn’t want to be part of the mania.
We cannot demand more clarity than this from him. He is not a god to put a flash news in his website
“CRASH ALERT – MARKETS GONNA CRASH ON JAN 21 and JAN 22. ALL THE VISITORS OF THE BLOG PLEASE EXIT ALL THE STOCKS”. May be this would have made people happy.
He told many times that discussion about F&O is beyond the scope of this blog. If we want those details and let us subscribe to his products.
So dear Rajesh and other viewers who are blaming sage.. pls stop the blame game. He is doing a lot of things in this blog. He is trying to educate us. He is trying to teach us fishing. He is trying to recommend some stocks in whatever capacity he can. He is being honest in his comments. If we can we will benefit from this blog. If not we will stop commenting on him and go to another blog in search of hot tips and flash news and spoon feeding. Bye
- Rohit
Rakesh-Did you read these posts in Dec/Jan?I had tried my best to give some clear warnings.
http://sagecapital.wordpress.com/2008/01/06/know-your-exits/
http://sagecapital.wordpress.com/2007/12/16/is-there-a-bubble-building-up-in-the-indian-markets/
http://sagecapital.wordpress.com/2008/01/18/market-outlook-2/
I don’t give buy calls when the stocks are trending down. My belief is that it is better to stay in cash during the downtrend.That reduces the risk considerably.
Sage..Looks absurd to view your webpages geting refreshed evry other day when the market has stabilised and again buy calls. Where were you when the investors felt the heat in the last 3 months. Its very easy to come here and reclaim all you had achieved prior to Jan meltdown. Please dont fool investors like us any more.