So, my simple pattern-seeking monkey brain has analyzed the recent bouts and concluded that small/micro caps are not done yet .Too many bad news in a short period made me buy some again! (I’ve become a habitual small/micro buyer in a red-hot market. Hopefully, someday, I’ll be saved.)
Most of the small/micro names I have or studied are already 2-3X. I still think the space has some steam left before the perceived “no gain” phase arrives (short or long, I’ve never experienced it). Now I’m dreaming of new names that can go 5X in a year (I know, I know, Mungerilal type dreams but I think that’s my salvation for the “no gain” phase).
I did BPL (comparatively cheaper in the EMS space) and Justdial (good reserves & surplus, good ROCE, and a “left out” name in the speeding market – nice logic from a new recruit ). These are moonshots by a new recruit, no qualified recommendations.
Any other new names that can rise well?
Anyone seeing sectoral changes? Industrials and power are still in favor, I think. I see some pipes especial PVC pipe names rising quickly past March 2024. Anyone with me, or am I just dreaming?
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