Account Receivable Executive

Aaj ka gyannn bhai/bhen log

Bade sheher ka naukar baane se acha hai .. chote sheher ka raja ban jao 😇

I am a Bull with my hand on the door..

Link to my Last Post https://share.gvine.app/1B8fcqZvXDEeeSsq7 I had given a list of the stocks I had focused on when I last made the post. I will explain how I have managed those trades and how I will manage them moving forward. ICICIGI and SBILIFE - ICICIGI is up around 9.5% (pulling back from a 14% gain), and SBILIFE is up around 7% (pulling back from a 12% gain). Look how both of these stocks are undergoing a pullback in sync since its a group movement. They will break out again and head higher. If they reverse, I have my trailing level in place, and I will exit with some gains. These are large-cap stocks so cannot have unrealsitic expectations. NAVKAR CORP, BHAGCHEM - NAVKAR CORP was up 14% and reversed back. As I updated in my last post, I will cut out at cost if any stock reverses from double-digit gains. I exited around -2%, and now it's down -8% from the price. Similarly, with BHAGCHEM, it was up around 14%, and I had to cut it at cost. Sometimes it just reverses when you cut, and sometimes you get saved, but these things average out in the long run. RAMRAT, GODFREY PHILIPS, INOX WIND - These three are real winners for me and have pushed my portfolio up by 14% in the last month. RAMRAT is up 38%(Entered Around 470), Godfrey is up 55% (Entered 5750), and INOX WIND is up 20%(Entered around 200). HPL, SHAILY - HPL just reversed and immediately gave a loss of 6%. SHAILY is languishing around the buy price. Stocks like Navkar Corp and BHAGCHEM were up 13% at one point. I mean, I could have taken home 13%, which is a good short-term return in a few days, but if I keep taking home 10-15% profit, I won't be able to catch moves like RAMRAT, Godfrey, and INOX WIND. These could be my multibaggers now. They have more chances of going 200-300% than those stocks which have reversed their gains. I don’t lose more than 5-6% on any stock. I cut them out and will enter again if they set up again. I give back to the market a lot of 7-10-12% gains to catch those 3 or 4 names that move in triple digits or show the potential to do so. WHAT'S NEXT? RAMRATNA, ICICIGI, and SBILIFE are undergoing a pullback. They will set up again and give the next opportunity. I will enter again with the cash I have raised from selling HPL, NAVKAR CORP, BHAGCHEM, and SHAILY (if my winners set up again, I will pull out money from SHAILY as well). New setups are also emerging but my first preference will be my winners, that is these 5 stocks. The FED has started cutting rates, and historically that brings time and price consolidation in the market. It's not like we will start heading into trouble in a few days; it will take a few months to have some effect on the market. We have the U.S. election coming up, and its outcome will most likely decide where we head for the medium term. Markets won’t like it if Kamala Harris comes to power. I am a bull but cautious, and I will make hay while the sun shines.

Is the FAANG hype dead? 💀

Had a call with my cousin this weekend. Life has been very hectic lately so, I have been laying low for a while now. Anyway, my cousin reached out and he brought up something very interesting. He mentioned how the quality of new engineering grads at FAANG has been trending downwards over the last three or so years. Technical competency aside, there is a weird behavioural shift wherein freshers have adopted job hopping every 2-3 years. He told me that there are zero engineers who stayed longer than 3 years at his org. I mean optimizing for pay is fine. The thing to really balance for is impact in the long run because at one point you would find it hard to scale beyond a Lead/EM role at an org. But the real thing is that the "FAANG" hype has started to die down amongst the 99th percentile of talent. I wonder how long will it take to have a trickle down effect to 80th percentile and so on. Just to validate, I asked a friend for his opinion and he opined that "Bhai, tum FAANG mei naaukar ho ya kisi startup mei, ho toh naukar hi." Translation: "You can work at FAANG, or at a startup but you are still a servant(employee)" Is the FAANG hype really dead?