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Most are buying now as others wait

Most are buying now as others wait
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First Published: Wed, Jan 23 2008. 12 44 AM IST

Prasad Vissa
Prasad Vissa
Updated: Wed, Jan 23 2008. 12 44 AM IST
Chennai
Name: Prasad Vissa
Prasad Vissa
Age: 49 years
Designation: Chartered Accountant and a full-time investor in stock markets since the past 8 years.
Started investing in: 8 years (1999-2000)
Total investments: Between Rs50 lakh and Rs1 crore
Loss/Gain to date: 15% loss
Comments: Even though, every one expected to market to come down, this sort of fall was not expected. I didn’t lose as much as others,may be around 15% (of investments). I created short-term investments and hedged portions. There are no clear signals for entering the market now. Maybe (it will be clear ) in a day or two. I am not buying even though People say value picking or bottom picking. I am still short in the market. I am technical investor looking at short term investments.
-Raghu Krishnan
Mumbai
Name: Gajendra Sharma
Gajendra Sharma
Age: 27 years
Started investing in: 2005
Total investments: Rs5 lakh
Loss/Gain to date: Lost Rs2 lakh this week. However, this is a notional loss because he has not sold his stocks. Following the market crash, the value of his portfolio has eroded to Rs3 lakh. While most of the stocks in his portfolio are down, maximum losses have come in Reliance Petroleum Ltd. Sharma bought 150 shares of the company for Rs250 each. The share closed at Rs147 on the Bombay Stock Exchange on Tuesday.
Comments: Sharma, who works on arbitrages at the stock markets, is undaunted by his losses. He is using the market correction as an opportunity to buy good stocks at the current low prices. On Tuesday, he bought NTPC Ltd, Nagarjuna Fertilisers and Chemicals Ltd and Centurion Bank of Punjab Ltd. “It is a risk but you have to take it because I think if I buy now I would have made a lot of money in around six months,” he says.
-Saumya Roy
Bangalore
Name: Sandeep Chowdhry
Sandeep Chowdhry
Age: 28 years
Designation: Module Lead
Started investing in: 2003- 04
Total investments: Rs2 lakh
Loss/Gain to date: Has been able to generate profits of as much 40% to 50% on some stocks.
Comments: I am a long-term investor. I see the plunge in the stock market in the last two days more as an investment opportunity. I feel the dip is more of a reaction to external factors. I am buying more stocks right now, because some shares are available at a very good valuation. I think the Sensex will go much high. The current situation, according to me, provides a good chance to buy and hold on for long-term players.
-Deepti Chaudhary
New Delhi
Name: Rajiv Aggarwal
Rajiv Aggarwal
Age: 32 years
Started investing in: Six years back
Total investments: Rs4 lakh
Loss/Gain to date: Loss of Rs60,000
Comments: Being a long-term player I am not affected by ups and downs of the stock markets. At this point in time, I want to buy some fundamentally strong stocks, such as Larsen and Toubro Ltd, Infosys Technologies Ltd. Apart from buying these stocks I am also planning to sell some of my shares, which are not performing well.
-Teena Jain
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First Published: Wed, Jan 23 2008. 12 44 AM IST