Golden Sip in a Golden Dip

I'm here again this time with some "golden" thoughts of what I call a "Golden Sip in a Golden Dip". So, wondering what's the story all about?

Well the talk of the blog - It's the Indian Stock Market again. There's a reason why I'm referring to the dips of October 2008 and March 2009 as "Golden Dips". Stocks have multiplied manifold since 8k Sensex levels. There was a lifetime opportunity to invest was when the market hit 7.7k during Deepavali last year (October 2008). Similar opportunity was awarded to the people by our dear Dalal Street in March 2009. Check how deep the dips were in the image below.



Want to know the inidividual stocks which were available then:
Punj Lloyd (60 then, now multiplied 4 times)
HDIL (63 then, now multiplied more than 4 times)
JSW Steel (170 then, now multiplied 3.5 times)
Tata Motors (122 then, now multiplied 3.5 times)
MMTC (9000 then, now multiplied 3.5 times)
Axis bank (262 then, now multiplied 3.5 times)
L&T (576 then, now multiplied 3 times)
Tata Steel (148 then, now multiplied 3 times)
JSPL - Jindal Steel and Power (1000 then, now multiplied 3 times)
Rel Infra (400 then, now multiplied 3 times)
BEML (400 then, now multiplied beyond 2.5 times)
Grasim (1000 then, now multiplied beyond 2.5 times)
Siemens (186 then, now multiplied almost 2.5 times)

There are many more of them. There are even people who've made and are continue to make money out of companies which were or are at the verge of becoming extinct. However, major chunk of the the hard-earned money should be invested by buying quality stocks. No wonder, when bad time comes, even these companies will be toiled and foiled. You won't get it at a discounted price at other times as in the case of the "Golden Dips". Many kept waiting that the sensex would go to 5k-6k, they kept on waiting and some of them are continuing to wait, such opportunities are difficult to catch and I remember from my experience, the quality stocks were available dirt cheap, they had been beaten down as if they wouldn't witness their past highs again. The people who courageously invested during that time would be enjoying "Golden Sips" after having bought during "Golden Dips". Many people who dared to buy didn't buy for a horizon of overnight or month, they bought it for a horizon of multi-years. I'd say if one missed the "Golden Dip", he/she has to get ready with the next "Golden Dip" and I don't know when it's gonna happen next.

PSUs like NHPC and BSNL IPOs are on the track next. Let's try our luck on buying them!!!! :-) It's my personal take not to go for other private IPOs by the way, I remember the Reliance Power IPO very well, one of the disastrous IPOs of all time, started at 400 odd, battered all the way to 75!!

We are just getting into a phase of a feeling where we can call this as the beginning a new bull market and that almost we are out of the bear market. The bull that is going to come next time will be a big bull which shall take us past the 21k decisively. I wonder why 30k won't be possible. So, go long on the stocks and if you've picked up bluechips like the ones I mentioned above, there's no reason to worry.