FCS Software stock is already in a bit of a downtrend

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talked about Thermax, FCS Software and Sterlite Industries. Excerpts:

What are your views on Thermax, FCS Software and Sterlite Industries?

Thermax has also been one of the good bull market performers. It has been going through a pretty decent bull market. It has gone up about 6-7 times already so it's an outperformer. It's a bit of a borderline case whether to hold in a long term portfolio or not. For Sterlite, last few days again demand for metals has picked up but I would not really hold any metal stocks in a long-term portfolio. They have failed to catch up with their previous tops. We are seeing a bit of a market run up so I would not keep Sterlite in a long-term portfolio and even for short term trading metals is not really the momentum sector its going up but not as much as one would like. FCS Software is in fact Rs 3 stock but it used to be Rs 8 stock about 6 months back that is a Rs 5 drop but that is a huge percentage decline, so the stock is already in a bit of a downtrend now so I think just stay out of this. By and large penny stocks are penny stocks for a reason and they should be avoided.