Today's Angel Visit Report: -
I went to Angels office ... Bapu make me a sit in a seminar going in a conference hall ... I polished man was giving a lecture on PE ration EPS and some yield ... I sat and sat and sat ... watched all the fun ... I was the most young among all ... Everyone was so much old ...
One His point was if we can 18% a year then we are wise investors because we are making much more than our bank gives us in FD!
he told so many ratios ... He said yield and further said PE ... and further said yield is opposite to PE and further asked some question to a lady who was asking a lot ... 0.25 yield so how much PE tell me .. then some PE and tell me how much is the yield ... The lady got confused ... murmered something which we can not here ... someone else said some figure and lectures said some other figure and finally everyone was confused what we all are trying to find using what ...
Lecturer then taught another ratio something price to book value ... and then asked something to audience and got many new discoveries ... He kept shouting No No no look this so simple so simple so simple ... but things never changed!
Then he told something replacement value...He started using values in millions and Karodes ... and all the mob of around 35 persons got totally confused ... He used to ask look I need 4 thousand Rs. to start 1 million Ton a steel plant and if tata steel Market Cap is showing 3.5 Thousand Rs. per 1 million tonn steel production then It is a buy ... always a buy ...
He threw some giant figures at us many many times at us I was feeling we all have become Market Makers ...
Then someone asked why 18% /year why not more ... he said you can vary this to 25 % ... I am happy with 18%/year
Someone asked whether to day trade or delivery trade ... and Now sat erect in their sit ... he said it depends but I prefer delivery trade ...
Someone said There are manytimes shares which hit 20% upper circuit ... I am having 10 times exposure than my trading capital ... then I am gonna make 200% net profit and also in lesser brokerage ... So why should I take deliver and wait for 5 years and be content with 18% a year ... Lecturer said how you gonna find which one is going to rock ... What is Sona and what is Kachara ... Thats why you should learn fundamental first ... In the process he claimed Essar Oil and some other stocks as Kachara and shouted Axis bank as Pure Gold ...
Some man was trying to say something all the way throughout the seminar but couldn't able to deliver what he wanted ... He also asked wheather TA is best or FA ... Lecturer said political answer ," Combine both"
I got some courage and asked What is intrinsic value of a stock and how you calculate it... he said he will answer little latter ... but he never answered this question ...
There was some talk @ CNBC channels peoples and everybodies problem was whatever the expert tell to day trade in the morning it always opens "Gap up" and profit slips out of their hands ... So is it possible on yesterday evening itself while market is closing to tell the given stock if gonna open gap up tomorrow??? ... No Answer Found!
anyway finally he gave some Tips to buy ...
He tried for 5 years buy call but people said we are old peoples don't give us so much big Time frame .. So he gave "quick money" calls as follows ...
3 To 5 Week calls: -
1. Lanco Infratech ==> buy at 480 ===> target 510 to 555
2. Reliance Industry: but at 2125-2135 ...target 2250
3. Axis Bank : ==> buy above 945 ==> 1080 to 1125 target (Target 1800 in 2 years!) .. the lecturer was fallen in absolute love with Axis bank!!
long TF Calls: -
1. NTPC : - 450 ?!
2. IRB infra : - 600
3. Sail : - buy if it comes below 100!
4. NHPC: - CMP buy Target 100
5. Axis : - Target 1800
6. ICIC : - 1050 target
I am not sure what TF he was talking ... for above ...
So huh ... impressive lecture ... with lot of confusion ...
i am feeling this subject should be taught from 4 th standard itself ... peoples above 45 years are not that FIT for this ... I amy be wrong ... but I strongly felt during this lecture ... All the lecture he gave on FA and everyone was waiting eagerly for TA ...
anyway this much is the report of the day ... comments always welcome!
