Agreed with views, One up on wall street and Market cycles by howard marks are best books I read regularly, Peter Lynch teaches where to enter and which to avoid, Howard marks has immensely helped on on selling decisions. I still remember my bashing on Naayka board in late 2021 when i or predicted real rate of 340(pre split) where a real assessment could be initiated, forum members blasted by left and right.
But end of day, saying is true, STOCK WILL FIND ITS OWN VALUE SOONER OR LATER, VALUATION CORRECTIONS WILL HAPPEN. Naayka will fight for its existence in coming days. Last IPO i invested was in 2014.
Even current economic conditions are not conducive. We may see this consolidation till June 2024. IT stocks still have a lot of room to correct from here. Somehow i could manage a cut of 8% on portfolio from Dec 2022 peak. Never seen this kind of dull market for 4-5 months in down phase. Still cautiously optimistic on selective stocks only, dont see a runaway markets from here on. Domestic consumption is slowing down as real inflation is much much higher what RBI projects, will reflect in Q4 numbers.
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