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Market commentary – Nov 2017 Markets top when you find no reason to worry ………. Be worried!!!

Just like 1929 and then 1987, and then 2001, and then 2008!!!

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So stock market is at all time high and there is so much gush of liquidity that all investors are astonished. Even after so much of FII selling, markets are at the top because of support from the domestic investors.  With every Mutual fund manager brainwashing for SIP’s the markets may have no dearth of liquidity in near future. Mutual funds which are 100% invested all the time are the happiest lot and fund managers who are or were waiting for markets to correct are having a hard time.

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Future of Bitcoins and other Crypto Currencies….!!

So, Bitcoin is value or fad… or Tulip mania  ???

We say – 

“Biggest bubble of all time .. ruining people across nations, geographies, races and ages  ….’

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Above graph simply explains what bitcoin has grown into.  There is an intense competition between companies like Amazon, Google, Apple, Microsoft and others who every second are working on innovations, are strategizing on their future and then there are investors who bet invest on these companies and all of this takes decades.

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Why we are out of Westlife(Mcdonald’s)?

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Last week Westlife Development the master franchisee of McDonald’s in the south and west India declared their annual numbers. 

We analyzed the numbers and are not at all happy with them . its been years and years of losses and sales are marginally higher to around 900 crores. Marcet cap is around 4000 crore and we now getting nervous about potential returns from this stock.

We have accumulated this stock at around 160-175 and started selling it around 250 with last lot sold at 220 .

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@9000 we ran away … whats up with Shikhar Capital???

“It takes character to sit with all that cash and to do nothing.I didn’t get top where I am by going after mediocre opportunities.”

Charles T. Munger, Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger

“We both, Warren Buffett and I, insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.” – Charlie Munger

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We had got into 10% cash, booked some profits in Mid-cap names like Adani, Rain,  Reliance etc. and now we have cash and have nothing to do.

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Can Imagica create the magic for shareholders??

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We are big fans of theme parks but the problem in India is either they are too expensive like wonderla holidays or the quality of theme park is way below the standards (Let’s not name the small theme parks with the shitty crowd and stuff). 

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Market @ 9000/- What’s Shikhar Capital is doing???Booking profits and running !!

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So market still stares at 9000/- levels and our earlier targets of 9400-9600 are still intact.

However, again the mid cap and small cap stocks are hitting roughs and whenever stocks like Lycos starts hitting upper circuit we get skeptical. Stocks like Delta corp are up 70 % from Demonetisation and Brexit low. How come they are commanding such (more…)

Market commentary- Nifty @ 9000, UP elections and Global market views!!!

So Nifty is knocking at 9000/– Historic moment indeed. Fantastic volatility, first the lows of 6800 during last Jan ’16 – Feb’ 16, Then it went to highs of 8800, after that, it again went down to 8000 due to demonetisation & Trump(On same day ) and after that, a straight forward bullish march to 9000/-

We at Shikhar capital were lucky enough to get these lows and highs correct even though we don’t speculate. But since we are low on capital we have to churn our portfolios to get some more juice. If capital allows we would love to keep our portfolio intact for years together.

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AI is coming faster than you think …. #joblessfuture

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Pingback:  via Daily Prompt: Aware

by Martin Ford”

““the holy grail of Silicon Valley entrepreneurs is the disruption of entire industries – because that’s where the big money is to be made”.

In the great tradition of revolutions swallowing their own, one high-skill group of workers to have suffered already is the members of IT departments.

(No wonder that the sitcom The IT Crowd is starting to seem as historical as Dad’s Army.) But they’re not alone. Since 2000, the number of financial workers on Wall Street has fallen by 50,000 – around a third – as high-frequency trading programmes complete 100,000 transactions in a 10th of second, while simultaneously seeking to mislead their electronic competitors. Now, according to Ford, “nearly any white-collar job that involves sitting in front of a computer manipulating information” is under threat.”

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