Author: Raoji
The Cold secrets to Big Money
Linkfest:Feb 05, 2013
Some stuff I am reading today morning:
Creaky infra may force L&T to leave Mumbai for Surat (FirstPost)
Seven ways to earn tax free income (ET)
PC King to Apple envy (WSJ)
Firms tapping real wealth in their books (Mint)
What caused the flash crash at HDIL? (BS)
The myth of long working hours (Rodinhood)
Think twice before fading Barron’s covers (TRB)
Is the secular bear market ending? (BigPicture)
Moscow stock exchange is going public (Dealbreaker)
The great Norway diaper racket is the best arbitrage ever (Climateer)
For my sake, buy buy buy !!
Should you dive into the stock market? Absolutely. And if you have no money to invest, I recommend getting cash advances against your credit cards. And stop eating, entertaining, and saving for your kids’ educations. Sell your blood if you need to. Put all of that extra money in the stock market. My reasoning is simple: I own stocks and I want you to drive up their prices.
I have a feeling that the smart money is already in the market and those folks are crouching like sprinters, waiting for any sign of bad news. Meanwhile, we are way overdue for some sort of bullshit crisis like the Year 2000 bug, or California going into a death spiral, or an artificial debt limit, or North Korea testing a satellite-based death-ray. When the new fake crisis happens, sometime within the next month, the market will pull back 10%. That’s when I expect to go into a panic and start selling my stocks at a loss.
What the stock market needs – and what I need – is for lots of people who know absolutely nothing about investing to pile into the market and buy broad market ETFs. Then I need those people to poke out their own eyes and caulk their ear holes so they don’t accidentally encounter any news. I don’t think that is too much to ask.
–wrote Scott Adams, Creator of Dilbert
Portfolio of Prime Securities
This post is in continuation of my coat tailing series (see here)
Prime Securities is fairly well known in the Indian Capital Markets space.
It is managed by Mr. N Jayakumar who appears quite frequently on media channels.
Its portfolio as per stock exchanges websites is given below:
| Company | Date End | Entity Name | # of Shares | % |
| IOL Netcom | 201209 | Prime Securities Ltd | 425000 | 1.55 |
| ABG Shipyard | 201209 | Prime Broking Company India Ltd | 882690 | 1.73 |
| Prime Securities | 201212 | Prime Broking Company India | 475931 | 1.8 |
| Greycells Education | 201212 | Prime Broking Company (India) Ltd | 192101 | 3.2 |
| Greycells Education | 201212 | Prime Securities Ltd | 112029 | 1.86 |
| Logix Microsystems | 201212 | Prime Securities Ltd | 213421 | 1.76 |
| Gitanjali Gems | 201212 | Prime Broking Company India Ltd | 2000000 | 2.17 |
| Aanjaneya Lifecare | 201212 | Prime Broking Company (India) Ltd – Pwm | 1214724 | 8.75 |
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