With the change in weather, I was just beginning to take things easy and enjoy the onset of winter. Markets were in correction mode. I drew up my plans to make some purchases. Then this bounce! Markets are more confusing than ever. But then, when were we ever given a clear view to market trend?!
Some of my stocks have delivered good results. Even with the one (of course, it is a mid cap) where results were very ordinary, the stock price seems to be climbing. I guess, mid caps is the flavour of the season. I have always been a conervative as far as stock selection goes. This has resulted in me owning a number of FMCG stocks. For the moment, I am enjoying the ride!
Last week I mentioned about the hospitality sector. It has started moving. With the holiday season beginning and markets reasonably better than last year, I am sure, hotels will sell better. There is however, one thing that stands out. Markets are now very unforgiving. High valuations in frontline realty and infrastructure stocks have been given the treatment. But I feel one should keep an eye open for good quality infrastructure stocks. If valuations are reasonable, then one can make a go for them.
I am still recovering from the mistake I made when I sold a lubricants stock, which has delivered hige returns after I sold out. Anyone to give me company on that?!