Friends I am back to trading. I will be posting regularly
On 3/18/09 I had recommended HDB,IBN, PETD,HAL,SMH and USD.
You can see for your self, some of of these have gone up 80%. Market has gone up about 30%. I have done better.
STOCK 3/18/09 price ======== 5/8/09 =============
PETD 11.50 ==============20.55
IBN 13.00 ==============22.50
HAL 17.00 ============== 21.00
HDB 52 ============== 80
SMH and USD have shown about 10%.
What is next: Indian economy is rebounding at a faster rate than US. Also there is talk about big inflation. For lost 5 months I have been saying to buy 2010 and 2011 leaps.
I still thing it is wise to buy 2011 leaps. This gives us good cushion. Best ones are OIL, GOLD and agri, infrastructure and some defense.
OIL: PETD, PDC, HAL, SLB
INFRA: SGR. JOYG
GOLD: GDX == buy and sell covered calls
defence: ITA
SEMI : ALTR, SMH
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