Late for the party where the Bears came uninvited.

In the very month of the bull, it got tamed. It looked like a party where the bulls were having a gala of a time since an year. I joined in too. But, I was late, the bears joined in too, and then they ruined everything.

Lets talk concrete now :) The sanesex turned insane yesterday when, defying all logic, it nosedived 450 points. Thats 1600 in 3 days ! The investors' money got eroded considerably.

Probable reasons :
1. The global markets falling down
2. News of US hiking the interest rates
3. Rumours of imposing additional taxes on the FIIs
4. Fear is a very strong emotion and at times can be very irrational too. For retail investors, the above reasons were enough to spark panic, which obviously led them to sell too.

The only saving grace were the domestic mutual funds, which saw this as a buying opportunity.

Now hear my story. I had to have a hefty balance in my account so as to prevent the lot of 400 Ranbaxy shares which I had bought in futures, to be automatically sold off. Now, some days before, some stupid transferred 17 TCS shares to my account, accidently !!! to the tune of 34k !!! Call it his typing mistake, slip of pen, whatever. So, the value of my portfolio has risen by that very amount !!! which was enough cushion money to act as a protection for my futures, atleast till today. Rest rests with luck ( not even logic nor even God Himself ! ).

Now, as for now, I still have those shares at hand. Assuming, that I lose them (which is an 80-90% chance), I would be poorer by 40k-45k ! This reminds me of 2 statements :

1st by Sujju - If you regret, dont come back to the market.
2nd by Warren Buffet himself - Look at market fluctuations as your friend, rather than your enemy; profit from folly, rather than participate in it.

So, infact, it is the best time to take fresh positions than repenting on whats lost !!

PS: I would shoot off another blog probably on this topic - stock market, which has kept me very engrossed, entertained, shocked and impressed since about a fortnight now, as I feel this blog is too small a place to discuss about such a vast topic !!!

Bloodbath on the street !!!

How does it feel when in a matter of a couple of hours you lose 10000 rs !!! Ask me. It was bloodbath at the dalal street today. The only stock from my portfolio that could stand against all odds was Adani exports !!! But how much can a puny stock stand against the pull of behemoths like Ranbaxy and Bombay dyeing ! I feel stupid. Check this out - B'bay dyeing was trading close to 780 yesterday. It shot up to 892, well ahead of my purchase price(868). Then it nosedived, before i could decide what to do, it fell to 820 !!! This proves the well known saying - "The market makes the very intelligent, look the dumbest !" :P. This was only one side of the story. Look at the flip side - Ranbaxy, of which I have bought futures, amounting 2L, wouldnt show a movement since 3-4 days now, today it did, and how !! 2% down !!! Boy, I feel stupid, again ! Thanks to Adani(upper circuit), lest I would have taken some drastic measures today :P

Instead, here I am chilling out listening to The Knack - My Sharona (again and again over and over again), after being convinced by sujju and devesh, that losing money on fundamentally strong stocks like ranbaxy and b'bay dyeing, in short term, is nothing to worry about ! I hope and pray so ! Unrelated, however, here goes My Sharona :

Ooh my little pretty one, pretty one.
When you gonna give me some time, Sharona?
Ooh you make my motor run, my motor run.
Gun it comin' off the line Sharona
Never gonna stop, give it up.
Such a dirty mind. Always get it up for the touch
of the younger kind. My my my i yi woo. M M M My Sharona...

Come a little closer huh, ah will ya huh.
Close enough to look in my eyes, Sharona.
Keeping it a mystery gets to me
Running down the length of my thighs, Sharona
Never gonna stop, give it up. Such a dirty mind.
Always get it up for the touch
of the younger kind. My my my i yi woo. M M M My Sharona...

When you gonna give it to me, give it to me.
It is just a matter of time Sharona
Is it just destiny, destiny?
Or is it just a game in my mind, Sharona?
Never gonna stop, give it up.
Such a dirty mind. Always get it up for the touch
of the younger kind. My my my i yi woo. M M M My Sharona...

Slip Disc

Since childhood i have always dreaded hospitals, patients, doctors, diseases, colds, coughs, fevers etc. Not too long ago, I had an accident which I have already put into words here - An encounter with a scorpion. It was no more than an injury which takes atleast 2-3 days to heal. On the second day after the accident, I was so scared, traumatized actually :) that I had been to a doc to see if I had some serious fracture.

A month back, it was Bird flu, and as irony would have it, got ill during that very time. I was so scared, I had been to the doc to find out if I had a bird-damn-flu.

Some days back, got to know that saubz is suffering from slip disc. Now, thats something to be worried about !!! Just today, when I woke up in the morning, my back was as stiff as a staff ! A little bend to the front, right, left or back was like a 1000 pins pricked at once. This, coupled with the fact that since 3 years I have been plying to and fro between Aundh and Bibewadi e'day for work on a bike, not much exercise lately, birthday-bumps(some, right on the spine) and bad bed led me believe I have a slip disc !!! Just been to a doc(who was no orthopaedic specialist) who suggested, it was not more than a mere spasm. But, is safe not better than sorry ? She gave me a very apt prescription - Tablet-bhujang asan 2 times a day before food. Tonic: Gymming everyday. Tablet: Dont Worry. Even then, till the time I dont show this to an orthopaedic, I know, I wont get out of the scary feeling hoping and praying this not to be a slip disc !!!

Anyways, Lesson learnt: As soon as this spasm $#)+ is over, join a gym, coz ... especially for s/w engineers like us, its A gym a day that keeps the doc away !