Its been a while

I am humbled with the amount of emails, queries, requests and good words that I am receiving in the context of my blog. I must confess that part of my inactivity has been my own self and the other part has been work. I have a full time job that has kept me on my toes this year and I plead guilty of not being able to contribute in a meaningful way to the community out there.

All the positive feedback and comments that I have received from a whole lot of you have been very motivating and I would like to sincerely that you for those words. I will soon be starting updating the blog as even in the context of Indian markets, the potential is huge. Companies like Mayur Uniquoters, Force Motors, Patels Airtemp, Compact Disc, Gujarat Fluorochemicals, Symphony comfort systems and Amruthanjan have performed really well from my initial list of magic formula.

The key to success here is patience. I will soon be writing on my thoughts on the process that I follow, where I am certain that the returns are likely to be twice of what you would ideally get in a fixed deposit. Indian economy is set to grow at about 9% and inflation is also about the same. Considering these one should easily gain at least 18% per annum. Well it is better said than done and its easy to comment and analyse in retrospect. I am not an analyst and hence I will keep things simple.

Time permitting, my next post will be on things that worked for me with the magic formula, and things that I would avoid in the future while using the magic formula.

New Magic Formula Data Posted

I have finally been able to muster some time to run the magic formula list. The latest one ranked by magic formula has been posted under my google group. There are some interesting picks in this list. I will post more on that later. In the meantime if you find any bargain scrips in there, do let the readers know !!

Some interesting moves today

Todays technical charts have shown some interesting moves. With an apetite for risk one can enter Spanco Tele, Jumbo Bags and Astra Micro at current levels. Follow the standard rules of +50%, -20% or 2 months for exit. Please read the disclaimer.