On Twitter, the weekend chatterbox was dominated by an erroneous post by NSE sharing photos of actress Mouni Roy. Although deleted later on, it invited a series of memes. “It was a human error made by the agency handling the NSE account and there was no hacking. Our sincere apologies to our followers for the inconvenience caused,” NSE clarified later on.
In today’s edition of Tweet Buster, we scan social media posts by market mavens to spot investing strategies and money-making ideas for you.
Alok Jain of Weekend Investing had his fanboy moment when he found out that the popular stand-up comedian Tanmay Bhat had subscribed to his basket of momentum investing stocks in fintech platform smallcase. Bhat said he is subscribed to NNF10 portfolio, a basket of 10 Nifty Next 50 stocks rebalanced monthly using the momentum theory. “NNF10 is a great strategy…It picks momentum in 51-100th market cap stocks. It is slightly active than the index, but generates far better returns,” Jain said.
@WeekendInvestng @nachito_k @smallcaseHQ @jain_anandita 🙂 I’m subscribed to the NNF10!
— Tanmay Bhat (@thetanmay) 1610023283000
Bull market cycle
Ravi Dharamshi of ValueQuest Investment Advisors says bull markets have violent corrections but they do not get over in 10 months. “Indian equities are climbing the wall of worry & scepticism. New bull market was born in March 2020 as we reached the point of max pessimism,” he said.
Pessimism ->Scepticism -> Optimism -> Euphoria. Indian Equities are climbing the wall of worry & scepticism. New bu… https://t.co/oaFLVnHQm0
— Ravi Dharamshi (@ravidharamshi77) 1610178249000
Even sitting is a skill!
Dharamshi says “sitting tight” is a much underappreciated skill in the market. “Holding onto winners and holding in a ferociously rising market is a big challenge, especially if you are of very high IQ and know exactly how the world is going to pan out,” he says.
“Sitting tight” is a much under appreciated quality/skill. Holding onto winners and holding in a ferociously rising… https://t.co/7TOlX3DOqZ
— Ravi Dharamshi (@ravidharamshi77) 1610177685000
“Don’t be too hard on yourself after your losses or you might give yourself too much credit after your winners. My biggest losses always came after my biggest wins. After a big win clear your head and humble yourself. The market’s job is to humiliate overconfident investors,” is Microcap founder Ian Cassel’s advice.
Don’t be too hard on yourself after your losses or you might give yourself too much credit after your winners. My… https://t.co/GafXvRqr6l
— Ian Cassel (@iancassel) 1610143967000
Cryptocurrency a ponzi scheme?
Independent market expert Sandip Sabharwal equates cryptocurrencies with ponzi schemes. “Total value of all cryptocurrencies crossed $ 1 trillion. It’s the biggest ponzi scheme ever. PONZI-a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors,” he said.
Total Value of all Cryptocurrencies crossed $ 1 TrillionIt’s the biggest Ponzi scheme everPONZI-a form of fraud i… https://t.co/0W0qOavXot
— sandip sabharwal (@sandipsabharwal) 1610031856000
Sell two #Bitcoins if you haveBuy 2 kgs of #gold Good Deal? Absolutely
— sandip sabharwal (@sandipsabharwal) 1610117397000
I got the maximum #Trolls when I used to warn on #YesBank#Crypto warnings are getting a similar response.Makes me… https://t.co/z9cjBhs0ok
— sandip sabharwal (@sandipsabharwal) 1610122495000
Should you buy TCS after Q3 results?
As several market experts gave bullish commentaries after TCS posted its best Q3 results in 9 years, Sabharwal was not so kind. Pointing out that profits were up just 7 per cent year-on-year, he said Indian IT outsourcing companies earnings will grow 5-10 per cent over the next 3 years. “Valuations are at 31X next year. Expected earnings are not cheap. Better value is in recovery cycle stocks,” he says.
For all the excitement around #TCS results factually profits are up just 7% Year on Year. Indian IT Outsourcing com… https://t.co/rKjneTsbfl
— sandip sabharwal (@sandipsabharwal) 1610168781000
How expensive is DMart stock?
Market strategist and investor Safir Anand says DMart has the most expensive P/E ratio of 215. “Maintain my view this is irrationality and height of exuberance in DMart.”
Now this is the most expensive PE at 215 for a co. Sure if you want to justify everything pl do. Maintain my view t… https://t.co/NtEYwlrnla
— Safir (@safiranand) 1610250700000