It has been a long time. I can easily sense the buoyant mood among investors and traders after the elections. Of course, I too have thoroughly enjoyed the ride back to 15000 levels. I’ve been looking to sell some stocks which seem overpriced to me. But could’nt find any. Just waiting on the sidelines.
The one stock which I wanted to own some time back was Satyam. I believe Mahindras to be a conservative group. Definitely they can bring restore Satyam to its glory. The matter is TIME !!! (traders excuse). The easiest way to beat all those fund managers and the index alike is to outwait them after making a pick at bargain price (You better know why it is selling at a bargain). In the case of Satyam, we all know why it has been beaten down. So did I buy it? Not yet. Waiting (as usual) for better price point.