CMP - Rs 230
The stock price is definitely moving up. It increased around 8% on Friday after the company announced some minor modification to the buy back approved earlier. I couldn't find anything new in this news although Mr. Market got excited.
Now what? should I be buying more or just wait till it crosses Rs. 350 and sell. I am finding it difficult to convince myself to buy more although that is the right things to do. The price is still very low compared to its intrinsic worth. But I guess I am subconsciously anchored to Rs 200, my earlier buy price.
Key takeaways
1. Graham was definitely right about Mr. Market. He just wants some action. Any efficient market theory supporters?
2. Anchoring is easy to understand but very difficult to practice.
The stock price is definitely moving up. It increased around 8% on Friday after the company announced some minor modification to the buy back approved earlier. I couldn't find anything new in this news although Mr. Market got excited.
Now what? should I be buying more or just wait till it crosses Rs. 350 and sell. I am finding it difficult to convince myself to buy more although that is the right things to do. The price is still very low compared to its intrinsic worth. But I guess I am subconsciously anchored to Rs 200, my earlier buy price.
Key takeaways
1. Graham was definitely right about Mr. Market. He just wants some action. Any efficient market theory supporters?
2. Anchoring is easy to understand but very difficult to practice.
