SOS Update: Up 8.84%, no changes.

No Comments » Written on October 3rd, 2008 by
Categories: ShortOnly
Here's my short only strategy update: Up 8.84%, with the call write doing very very well.

I'm not changing anything. I'm kicking myself for not including Tata Steel (read post) despite the very negative trend - it's down from 460 to 391 today!

I need to add more stocks to the list. I will do so on Monday, after a weekend of analysis and thinking. This time I might take positions too - much smaller because I don't have 50 lakhs to spare - but enough to get some skin in the game.

Disclosure: As always, this is education only, don't listen to this as advice, don't follow what I'm saying, because I could be wrong. I currently have some positions on the Nifty, but none on ICICI Bank. I do not recommend that you follow this blindly. This is a 50L short-only virtual money portfolio and I will not lose anything if the positions don't work out.

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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.

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