Looking at Dec-end quarterly results some stocks are just screaming to be bought.
Sesa Goa - fantastic results and expansion plans for 2008-9 would play out well with iron ore prices expected to rise upto 40% in 2008.
Banco Products - great results and PE of less than 10 for an established and consistent dividend pater.
ITC - unlocking of some hidden value could happen soon. Hold on for a great 2008.
Prism Cement - good results and insurance JV in the pipeline.
Holding some cash at this point is still a good idea. More buying opportunities could present themselves. I would add the above stocks at every large decline.