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Exit Balaji Telefilms; Trailing stop loss hit, 84% gains booked

1 Comment » Written on May 23rd, 2007 by
Categories: Stocks
Balaji Telefilms is now trading at 230, a drop of over 10% from its highs at around 258 yesterday. I maintain a trailing stop loss of 10%, so I have just sold all my positions.

I have now closed this call. I will revisit this stock if this presents more value.

Archive:

Result: With an average buy price of 125 (I recommended buys at 118 and 130) gains are 84% in about 10 months. (100% annualised)
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This entry was posted on Wednesday, May 23rd, 2007 at 7:40 AM and is filed under Stocks. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

One Response to “Exit Balaji Telefilms; Trailing stop loss hit, 84% gains booked”

>Good call deepak,

I personally am not sure of the media valuations, so did not enter this stock. Maybe i need to get slightly more comfortable with my own fundamental analysis, irrespective of the sector and then see if the industry knowledge helps…

Anyways keep the analysis coming thru.

Deepak

Deepak
05.23.07 at 11:40 AM
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