I have made 3 Investments recently as shown below.
DCM - Invested Price 78 Current Market Price 78
Hanung Toys- Invested Price 207 Current Market Price 226
Glodyne Technoserve- Invested Price 562 Current Market Price 678
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The criteria for these investments is explained below.
1.The above specified stocks are the best performing stocks in the market for last 2 years as they have multiplied around 10-12 times from the lows made in March 2009.
2.Stocks that outperform the market continue this trend till the bull market is over.
3.These stocks have seen a sharp correction recently and has provided good entry opportunities.
4. All these stocks have retraced 61.8% of there upmove as shown in the charts and According to Elliot wave theory these stocks have moved up in 5 waves in last 2 years and now corrected in 3 waves. So it has completed 2 waves i.e one wave up and one wave down and we can expect 3rd wave of the 5 Elliot waves beginning very soon.
5.From risk reward prospective these stocks have given a good entry point as they have already fallen 50-60% from the top and we can expect up move beginning very soon.
Disclosure:These are my views which can be right or wrong and I am not responsible for any profit or loss incurred with the above specified information.
