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Saturday, November 29, 2008

SOS Rollover: Exit ICICI and Axis, keep all else

So it's that time of the year. Time to rollover all the contracts. I'm staying out of ICICI and Axis, but I will get back immediately after a rate cut. I'm keeping everything else on.

I've added to the Nifty short: it's now a 500 quantity short rather than 200.

Bharti has lost money but I have a stop loss at 745. The rest are ok, and I expect a rally to take profits down; still, in the longer term it is good to stay short.

Since Aug 12, the porfolio is up 20%. Not too bad, but not phenomenal either.

Click to see the complete status.

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Deepak Shenoy 11/29/2008 04:16:00 PM
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1 Comments:

Hi Deepak,

Two days back you have written one you have written on one very important topic "Mumbai Terror Attacks: Need Better Reaction Support",i have responded in 8th comment some of my thoughts undersigned as "AMIT""......these were just my beliefs,it would be so great if you can give a bold review of that particular comment and your thoughts on that,please do not disappoint me,i am shamed to be an indian at this point,at the feeble response of our leaders in charge.

Best Regards,
Amit.

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Disclaimer: The author of this page is not a registered financial advisor, and you should not construe anything written here to be investment advise. You should consult a qualified broker or other financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. No representation is being made that any investment made on the basis of data or information on this blog will result in profits. Te author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. In short: Apply your own thoughts before investing; I could be wrong. I do not accept responsibility for any losses incurred by interpretation of content in this blog. Further all content on this blog is free to view; no reader is expected to pay any amount as fee or any other consideration to me (the author) for reading my views.