Market Timing #1
It has happened twice now. Yes, both the times the Indian Markets have crashed in the last six months, I sold off all my stocks just about a week before the fall. So that’s great news. Luckily I got rid of the stocks at the right time. Some instinct allowed me to time the market by exiting at the right time.
But the motivation behind the selling was to free some cash to apply for IPOs. That holds up the cash for 2-3 weeks, and I am not able to take the advantage of the stock market crash. There are so many stocks lying out there are at luring evaluations. But I have my money stuck with the IPOs.
It wouldn’t pinch if I got something from the IPO applications. But I haven’t been lucky yet. Again, with the sensex down a whooping 15+ % is the last 2-3 days. I can just witness it and can’t take any advantage. I just hope the reliance allotment covers up all this notional loss 🙂