I also claim to have little knowledge, just like you do. And that is an advantage. In fact, I go a mile to ensure that I do not accumulate unnecessary junk.
Big Pocket investors have a habit, an age old strategy. They don't randomly sell their stocks as they have huge volumes for which they won't find resolute buyers. Hence, they wait for an opportune time. Like when retailers rush to buy due to their new-found beliefs, like this time in Modi. They use this gusto to alight their positions in stocks they feel are expensive.
This, more times than one would like, turns into a bloodshed. When high hopes and expectations turn into pessimism, even the biggest of pockets cannot control it. And they have to call up the big-boss, Uncle Sam, and control the free-fall.
This is what I mean by Modi-Wave turning gruesome.
Big Pocket investors have a habit, an age old strategy. They don't randomly sell their stocks as they have huge volumes for which they won't find resolute buyers. Hence, they wait for an opportune time. Like when retailers rush to buy due to their new-found beliefs, like this time in Modi. They use this gusto to alight their positions in stocks they feel are expensive.
This, more times than one would like, turns into a bloodshed. When high hopes and expectations turn into pessimism, even the biggest of pockets cannot control it. And they have to call up the big-boss, Uncle Sam, and control the free-fall.
This is what I mean by Modi-Wave turning gruesome.
Thanks for the fantastic explanation!!!
Just for your view , what I quoted in a thread almost a month ago.
http://www.traderji.com/futures/91950-day-trading-futures-276.html#post942584
Originally posted by amitrandive
Nothing has changed, FII's are pumping in huge amounts of money in the markets , making it go ballastic.
Even the politicos need funding for the elections.They must get it from somewhere, the best place are the markets.Once the elections are over and there is a stable government,they may resort to heavy profit booking.
Nothing has changed, FII's are pumping in huge amounts of money in the markets , making it go ballastic.
Even the politicos need funding for the elections.They must get it from somewhere, the best place are the markets.Once the elections are over and there is a stable government,they may resort to heavy profit booking.