- Exit Nifty call. Thats about 35K of return on a 14L exposure, which is 2.5%. Not too bad.
- Exit Reliance Call. 19K on an exposure of 7.8L, another 2.5%.
- Short some more HDFC. I'm somehow not yet comfortable with a P/E of 15 is worthwhile for a stock that won't grow EPS for the next two years, at least.
Yes, a lot of cash on the table now. Will have to use this rally to build a new set of positions.
Disclosure: Have personal positions in some of the above, not necessarily short (System based).
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>DLF jumped by 12%. In the scenario HDFC is good candidate for short, then DLF should as well be in the same line?
cheers
03.15.09 at 10:36 AM
>Not quite, I think. DLF is just going through a temporary recovery, but it’s gone down a lot by fundamental standards. HDFC is a better bet that way.
03.15.09 at 1:05 PM
>Thanks Deepak
I hope you are receiving my emails from office id?
cheers
03.16.09 at 2:56 PM
>Hi Deepak,
What is your opinion on Nifty & ICICI Bank over a month horizon?
I am guessing that nifty will run out of steam soon.
03.18.09 at 4:14 AM