Thursday, July 30, 2009

Thumb-sucking s**ks

I wrote an article in March about investing in IT stocks. But I myself didn't take the plunge since I am a software engineer by profession and I cannot invest in the sector I am employed in. The reason? If there is a big slowdown in IT and I get laid off, I will lose my job as well as investments. Now most of the recommended stocks are up by 2-3 times. Geometric is up from INR 10 to INR 36, CMC is up from INR 280 to INR 800, Polaris is up from INR 35 to INR 110, KPIT is up from INR 25 to INR 53. The one that I missed during my analysis, Patni is up from INR 110 to INR 320 and still moving up. So much for the rules!!!!!!
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