Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

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

23 May 2007Deepak Shenoy1 min read

Quick Facts

What is "Exit Balaji Telefilms; Trailing stop loss hit, 84% gains booked" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 23 May 2007.
How long does this article take to read?: 1 min read
What topics does this article cover?: BALAJITELE

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:

Recommended at 118 (Aug 08, 2006)

Reviewed at 136, reco’d Buy below 130, target 175 (Aug 25, 2006)

Spiked to 160 (Apr 17,2007)

Spiked to 180 (May 11, 2007)

Results reviewed, Rs. 200 at market and 10% trailing stop loss suggested. (May 17,2007)

Closed call at 230 (this post, May 23, 2007)

Result: With an average buy price of 125 (I recommended buys at 118 and 130) gains are 84% in about 10 months. (100% annualised)