History tells such situations may take investors by surprise on both sides of the levels .......namely it can yet continue to rise or correct to make Valuations more realisitic.......why i say so is that just in 14 weeks there is no fundamental reason to go get buy at any cost except Euphoria......A phenomenon associated with stockmarkets...left out investors rush to buy ignoring any and everything.

Market will do what it has to do.........I m concerned with my capital and profits........ i go back to my Investing /trading strategies for current times i proposed to follow. I also revised my targets & time frame after measuring and assessing the high pitch of momentum . These seem getting achieved as per my startegies. Time has reached to cash profits in trading positions and partial profit booking in investment positions. I will act regardless of fear of losing extra profits i can make by taking extra risk of staying invested with the momentum further. I believe in returning home when i have finished my assigned job and not look for bonuses at the cost of getting trapped in stroms then running n rushing in panic which lead to mistakes often. By saying so i m not claiming to know whats gonna happen next.

Stockmarkets is unique kinda business very different from normal businesses with its own rules,it runs much ahead of economy ...... and is run by different kind of creatures I cant understand clearly who often defy any or all norms when Euphoria has gripped the market .

LEAVE THE PARTY WHEN MUSIC IS HIGH BEATS MODE WITH DANCE STEPS GETTING CRAZY--THIS WILL KEEP YOUR MEMORY FILLED WITH JOYFUL MOMENTS FOR LONG.

So for me its time to book profits in 30-40% of investment positions and 75-80% of trading positions which i initiated second week of march 2009...this purely is a self imposed dicipline not any advice to any one. People with different risk reward profiles can have another strategy .

Profits booked make me happy ....profit I could not encash futher if any will make me repent IF MARKET RUNS UP AND ON....but i m ready to accept this pain as compared to pain of losing already earned profits.

More another time

Happy Stock Investing

SAM

Disclaimers:

The views expressed are personal and I have my own investing/trading positions along with my clients/friends therefore may be biased.

Stock investing/trading is a business of indviduals who wish to take Intelligent measured risk for sizeable gains...meaning the capital employed is inherently associated with risk.