Portfolio reModelling for Jack Sparrow!

If you're Jack Sparrow, ie, you are ready to go whatever distance- to get a killing, which would also imply that you're ready to hold your stocks for verrrry long, you can do a couple-a things.
First and foremost, and this is the general rule that both Jack Sparrow and Vito Corleone follow- do not go by market speculation or punters. Do not go for penny stocks/tips and the like. You would never know when to get out since you did not know when you went in- trust me on this one. Your portfolio should have stocks that have tremendous potential on the upside. Okay, I knew this, how do i identify such stocks? That's tricky, but if you had followed some of my earlier posts/mails, you would know what stocks i'm talking about. I'll suggest a few, but bear in mind that the portfolio i model below is very risky.

1. Bharati Shipyard [CMP: 205, 52wk low: 45, reco: 51.1]
This should comprise of around 15-20% of your holding. The stock had gone to highs of 800, and considering that, it is at tremendous discount at the moment. Also, the company is gearing up to take over Great Offshore, and the battle is being fiercely contested by ABG Shipyard.

2. Spanco [CMP: 63.5, 52wk low: 16, reco:45]
This should be around 10-15% of your holding, depending on your risk appetite for S group stocks and smallcaps.

3. Asian Electronics [CMP: 48.05, 52wk low:17.2]
This is a punter's call. The company is recuperating, after going down hard. If the company gets back on its feet, the stock may easily test 500. It should be 5% of your portfolio, not more given the extremity of the risk involved.

4. Wire & Wireless [CMP: 22.05, 52wk low:7.8]
A loss making unit of Subhash Chandra- this saw highs of 100+ on the bourses when the sensex was at 21000 the last time it was. Fund raising is on, and if, if this manages to break even, all hell may break loose on this one- it'ld boom like anything. 10% is what you can bet on this one.

5. Vikash Metal & Power [CMP:21.8, 52wk low:4.8]
This saw highs of around 50, and this time it may go even further. It was planning a big power project in Bihar which is said to be operational by 2011. Another 5% here.

6. Technocraft Industries [CMP:42.2, 52wk low:17]
This hasn't really seen great heights till now, and is a good contender for big bull runs. A dividend paying company, with increasing toplines, this is a favorite for long term investors, and one of my personal favorite. Keep 15-20% here. This is a good bet.

7. The rest of the portfolio should be cash/contrarian stocks such as the FMCG ones- HUL, ITC, Castrol, etc. or pharma stocks which you can use to sell and average out (do not avg out Asian Electronics- that's a total gamble) one of the above, when they flunk.