AURUM MAY 1999

Should we call it a 'Boom' or a 'Viral Fever'. It?s a fact, people have sold out their investments in real quality stocks & shifted to software stocks. The prices have already risen by 10-15 times in last 18 months for the software industry. The question here is: Should we book profits or wait longer?

The answer is obvious. Every individual should ask himself just one question: Whether this price for a particular scrip is logical?

And yes if you have purchased something which you have realized now what its not at all a software company should be immediately sold whether at profit or loss. It?s a fact that more than 10-12 companies (mainly NBFC?s) in last 6 months have re-named themselves so as to give a wrong indication that they are a software company.

One really fails to understood how such things are allowed in our country.

Its always wise to book profits at higher levels and collect it again at lower levels. There?s a saying ?Never Marry Shares'.

Many NBFC?s even offered rights and bonus during those days. Will the history repeat itself again and now in software sector? Book your profits, otherwise your profits will remain only on paper and won?t be a reality ever.