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Tuesday, August 22, 2006

The Plunge - 1

By then a lot had happened. The bull market of 2000 had crashed. There were a lot of buying opportunities. Mr.Market had hung a sign outside ‘Dalal Street’ with a huge “On Sale” sign. The day I bought my first shares, a stockbroker in Delhi committed suicide along with his family, because he couldn’t pay his debts. Not to lighten the tragedy of unnecessary waste of human life, the coincidence was too striking to me – reaffirming that I was definitely on the right path. My first purchase were two scrips:-
Reliance Industries Ltd ( - 10 shares at Rs.300 – Rs.3,007.50
Godrej Soaps Ltd – 25 shares at Rs.55 – Rs.1,378.50.

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