1] Added Compact Disc. [As it fell to 48. I fell further to 39 the next 3-4 days. I should have waited :(]
2] Added Mercator Lines [New fleet, long term:s
hort term contract ration of 70:30, acquisition of coal mines and long term contracts with steel / power companies looked good.
3] Added Eastern Silk as it was still cheap [PE of around 2]
4] Added GE shipping.
Here is my portfolio as on 1st october.
1] As you can see, it looks more like a mutual fund with lots 13 companies. I am considering going the Mutual Fund way as that would give me more time to focus on other areas. Investing in stocks is good, but if there is someone else who can do it for you the way you want, why not let him do it for some fee? The time invested somewhere else could give me higher returns.
2] Failure of the US investment banks, FII outflows and their effect on your portfolio is something that one needs . At present, I am avioding exposure to stocks that have high FII holding (more than 10%). I learnt this the hard way. Lehman brothers had a significant stake in Amtek Auto and see what that has done to the price.
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