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Tuesday, May 29, 2007

The BoyPlunger Rules

History of the BoyPlunger:
We have been in business since September 2003. However our online venture is fairly recent. We started off with an investment in an IPO, which never really materialised as the IPO was oversubscribed. Our first investment was picked off the internet. Needless to say, we had entered at the top of the bull market. We were left as the proverbial bagholders in the May 2004 worldwide market chaos.

We then tried to diversify into other businesses, aka, network marketing. After some mediocore results in both the ventures, the group decided to focus primarily in the equity market. We had a profitable mid-2005 and early 2006. However we were hit by the Oct 2005 crash and May 2006 crash bringing down our net profits. Since then our results have been extra ordinary and included properly identifying the June 2006 bottom, Feb 2007 top and Mar 2007 bottom.

We branched into Option trading in Feb 2006 and have had good results in them.

We are currently operating in 2 main equity related instruments: Stocks(US and India) and Options(NSE India). Options, as a trading instrument, will be very selectively used due to their high risk, time dependent nature

What does the BoyPlunger want to achieve:

  1. We will go short or long. All that matters is the trend.
  2. Identifying the trend correctly is what we will focus on.
  3. Once the trend is identified we will then go hunting for stock opprotunities.
  4. We also plan on looking ahead. This is a very risky business but very profitable. We need to identify the headlines before they hits them

What do we provide:
  1. The blog will be updated regularly with new ideas, current trends.
  2. We will provide interesting and useful trading guidelines.
  3. Charts and other new themes which could become the next bubbles. We will aim to be ahead of the curve.

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