Maheshji,
I intend to be the kind of investor that buys ONLY in sharp corrections, like we saw in 2008. In such times mid and small sized companies get hammered severely. No support is good enough. They freefall. Fundamentals take a back seat. That freefall is a good time to break FDs.
I too was of a similar opinion as yourself. But, after a seasoned investor with experience of a few decades told me to just wait and watch and let the "mandi" settle in. This was when BHEL was around 350 and I was eager to buy. And all valuation models gave a go ahead.
Who would have thought a Navratna like Bhel would break right through 2008 LOWS and then 2006 LOWS and reach RS.100.... I mean if BHEL can then Mahaseam should have no problem.
Rgds.
I intend to be the kind of investor that buys ONLY in sharp corrections, like we saw in 2008. In such times mid and small sized companies get hammered severely. No support is good enough. They freefall. Fundamentals take a back seat. That freefall is a good time to break FDs.
I too was of a similar opinion as yourself. But, after a seasoned investor with experience of a few decades told me to just wait and watch and let the "mandi" settle in. This was when BHEL was around 350 and I was eager to buy. And all valuation models gave a go ahead.
Who would have thought a Navratna like Bhel would break right through 2008 LOWS and then 2006 LOWS and reach RS.100.... I mean if BHEL can then Mahaseam should have no problem.
Rgds.