WAITING FOREVER TO BE DISCOVERED BY WORLD

Recently I have gone through a profile of Ramesh Damani (ET, 8th September,2007), the wily fox of Indian stock market. His conviction on the value of a stock impressed me. He is successful by any industry standard. His portfolio shows some unfancied stocks (like VST) which are giving a slow and steady run. His ability to identify the undervalued stocks has made him some fortune. Examples SBI (last market correction) and TISCO (after Corus deal), he picked them up not so long ago.
There are many undervalued stocks if you look into the market; they are also featured by any finance periodicals. The Outlook Money in their one of the August issue has identified six such stocks which are not fancied by the market though their valuations are very attractive. The author lacked conviction to suggest those stocks and recommended caution while investing in them. For our benefit let me list those stocks:

ANSAL HOUSING & CONSTRUCTION
FCS SOFTWARE SOLUTIONS
GIC HOUSING SOLUTIONS
SANGHI INDUSTRIES
SREI INFRASTRUCTURE FINANCE
TELEDATA INFORMATICS

Except Teledata and SREI all the other stocks were showing negative trends though on paper they have excellent credentials in them. They all have the potential to become multibaggers. But still they are unfancied by the market, they are waiting to be discovered for a long time. One will agree one year is a long time in a Bull Market like ours.
What matters is the visibility of a stock to be successful in the market. To me the stock should be visible to big players and which they can manipulate if required.
What is best for a small investor: to invest in a value stock like Mr. Ramesh Damani or in a visible fancied stock which has already started its run?
In the first case the investor may have to wait for some really long time because his thousands and lakhs will not impress other small investors.
In the second case he will make some quick bucks if he is careful and exit the stock well ahead of time. (Remember the greed and fear theory?)

The choice is on the Small Investors.