I have been getting calls asking me this question: “What shares to buy” – and I do not have an answer that will make you happy. I can share with you what shares I have bought, and what shares I will buy at a lower price. Though not in any particular order –

1. Mahindra Holiday Resorts – it was publicly issued at Rs. 300 about a decade ago to sell Time shares. Today bought at 139 – I will happily sell it off at 150 – even though I do think it will go up after 5 months, this is pure trade call. Update: Sold off.
2. Vedanta – I am happy to buy at Rs. 60 – look at the massive dividend yield. Bought at 68
3. Clariant Chemical – lousy margins, but huge cash on hand – and I think it will be paid out as dividend – mostly MNC do that.
4. Hdfc – you know the reasons, do you not?
5. Mothersonsumi, Shanthi gears, Indigo, – at a lower level circuit I am an investor

Just numerous opportunities. So just pick them….

BY THE WAY…these and many other shares that I talk about are  / could be in my portfolio…or I may have even shorted them…so caveat emptor…

What makes some of these shares a good buy at these ransom prices? I am sure that some promoters will wake up and buy their own shares. It is possible that these promoters then do a buyback – offerring these shares would give them fab profits. This is not what I am recommending to friends and clients. There the mandate is Invest in an index fund.

Why am I doing something different from what I am recommending? Simply I will get out of a bad trade if I run out of time. Let me explain. If I buy Vedanta at say 70, I may trade out at 90. Or if say 6 months pass and the price is at 72, I may sell out. If it is at 65, I WILL STILL SELL out – because I may want the money for buying something else. In my delivery based trading activity I lose a lot of money also. I have some shares bought at 129 and now quoting at 85. Yes some I hold, some I sell off asap – to release the money. You may not be willing to book losses quickly and suffer a bigger loss. Hence the caveat.

well, well…