Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Stocks

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

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)

  • Deepak says:

    >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