Thursday, October 18, 2007

Never ‘marry’ the stock. Divest at the right time to reap the profits.

‘You are part of the herd if you act on market rumours’
When the Sensex is galloping from K to K, at the rate of more than 1,000 points a week, there is little time to invest in thinking.
“Invest in the human soul. Who knows, it might be a diamond in the rough,” exhorts Mary McLeod Bethune, but her plea is sure to fall on deaf ears, especially when bulls move faster than usual on Dalal Street these days, rough-riding the bears, and allowing the Doppler effect to play out on any cautionary suggestions.
For the few who may like to take time off for heeding to counsel, here is Ranjit Kapadia, a Mumbai-based investment expert, who shares his insights with Business Line over the e-mail.

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