Will the October, 2008 carnage in the markets be repeated??!!

1. A sharp correction in the markets is imminent and hence book your profits and exit the market for the time being. The levels of entry will be mentioned to the Paid Groups. The Premium Members were asked to book profits in most of the counters in the Sunday Report. I think most of them have booked out profits and stitting with hard cash. Last year October was very bad and it spoiled DIWALI celebration of many investors as the Sensex crashed from 13203 to 7647. International markets also had same impact. Could the same thing be repeated this year also??

2. Those who are holding Kohinoor Broadcasting Corporation Ltd might witness, it make new 52-week highs in the days to come. One of the noted web-sites on media has reportedly asked his chief correspondent to make a story on the company, after finding the latest on the Channel Story. The company earlier got approval for an entertainment channel. However, news channel will be launched first followed by other channels.[This news was sent in the Sunday Report to the Paid Groups].

3. Micro Technologies has announced a multi-million dollar order from a Fortune 500 company. But the market did not respond this time also, as the share price fell. The stock was recommended around Rs.110-120, levels a couple of months back to the Paid Groups. I think the investors should exit this counter as it seems that the market have little faith on the management. I remember, similar cases in Albert David, Sujana Universal, etc, in 2005. [This news was sent in the Sunday Report to the Paid Groups].

4. Orbit Corporation Ltd (532837) and Igarashi Motors are continuously moving up in the last few days and both are dangerously placed. Leave both these scrips for the time being and enter at least 20% correction from the last close. [Excerpts from the latest Sunday Report].

5. The next domestic trigger for markets would be the Q2 results, which would start pouring in from the second week of October, 2009. The investors are pinning their high hopes on the results as advance tax numbers of the corporates were encouraging. But the overall market sentiment remains cautious with a negative bias. However, the long term bullish outlook of the market is still intact, and the investors/traders should look-out for opportunities to accumulate good stocks, when the correction is complete and the market stabilizes. The Sensex is expected to touch 21, 000 by March, 2010, ushering in, the next phase of bull run which will take the Sensex to 30, 000 odd levels by 2012. I have already placed my target of 72, 000 for the Sensex by 2015. However, the rise would not be vertical but through convoluted route of correction in between rises. Therefore, investors are suggested to book profit at regular intervals and ........[Excerpts from the latest Sunday Report].

7. W S Industries Ltd reached my short term target and I hope most of you booked profit in the counters. Similar is the case with Country Club India Ltd, where profit booking was advised following a strong resistance on the way.

8. Profit booking is also advised on Atlanta Ltd, Visa Steels Ltd and Vikash Metal and Power Ltd.

6. I have recommended a cable making company to the Paid Group whose Research Report would be uploaded on SumanSpeaksPlus very soon and hence keep watch on this space.

Moreover, BSEL Infrastructure Realty Ltd hit the buy 2nd consecutive buyer freeze, after it was strongly recommended in the latest Sunday Report, sent to the Paid Clients. But then at Rs.22.20, what should the investors do..??!!

I AM NOT FEELING TO UPLOAD THIS BLOG TOO OFTEN DUE TO MENTAL TRAUMA AND ALSO DUE TO TOO MUCH WORK AT MY END.