Hi guys, i am having a close look at market and seeing market fall. fall and fall again. But hold on there is a lot of rumour going on in the market that " since market is falling so buy and hold stocks"!! My questin is simple on what basis are buying calls being given? For once again being washed out like a rotten crop.. make use of ur brain guys. This trend of rise and fall has aleady happen thrice in span of 12 months and what have we learnt "NOTHING". We get trapped in the bullish market by holding stocks for long term and finall when market goes down just being optimistic accumulate the same stock just to minimize the losses but what happened to the profit?? Where the hell profit is gone.. Are we here just to be made fool of ourselves everytime.?
I think the market has entered into correction mode now its in bear phase and buying in this market specially for long term perspective would be inappropriate.My advice would be rather wait for the correction to happen.. Let market make some aggressive move toward the "MIGHTY BULL" .It would be better to watch the market closely with your eyes wide open and wait for buying opportunities when market starts giving positive indication rather than investing in market now.
For the ones who are already holding the stock,if you are getting even some profit from your current holding book profit and keep cash accumulated in your account for future buying opportunities. For those who have lost major portion of money you have no choice but to wait for market recovery but i strongly feel market would be crossing 20,000 mark by this year end.
Cheers
Sumit
