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Saturday, April 25, 1998
  Stock market moves on perception not performance
Until last fortnight, every call that I answered started with "shu laagey che?" (How do things appear?)

Every call that I now answer starts with "ketla sudhi?" (till what level?) That is because everyone thinks this rally will blow over and investors will be caught holding junk stocks at designer prices.

  Don't be an "extremist" in the game of stock playing
With the Sensex diving below the 4,000 mark, the bull run has now been firmly aborted. Earlier in this column, I had elaborated on the virtues of being pessimistic and booking one's profit before the market started collapsing. But leave alone pessimism. At another level, it simply meant seriously heeding the signals that came your way from time to time.

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