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SOS Update: +44K

I’m on a short vacation for the next three days so this is the weekly SOS update (the first, really).

  • ICICI down to 640 levels, a profit of 21K on the 5L deployed.
  • Unitech at 159.55, a profit of 22K on 5L.
  • Overall there’s an M2M profit of 44K.
  • It’s too early to say if this stuff is good or bad. Have to wait a few months.


SOS Update: +44K

Have a good weekend. And inflation is at 12.6%.

Disclosure: I know it’s repetitive but I have to do this – I have a short pos on the Nifty. Don’t trade this please, it’s only for educational purposes. This is not portfolio advice.

  • Sam says:

    >Thanks Deepak, followed your SOS strategy and made some money..Since I am based in UK, need to get up in the morning at 5.30 or sometimes I place square off order the previous night. Placed a square off order (buy) for Unitec at 167, having gone short at 169; only to see it tank to 158..
    Only if I hadn’t placed the square off order!
    Anyways, keep up the good work, I am an avid follower of your blog!
    Cheers
    ~S

  • Deepak Shenoy says:

    >sam: good stuff, but this is not really something that should work out in a few days. Typically a fundamental short strategy will take months to work, and you should look at bigger profits. Also note that the chances of a loss are huge too.

    If you book small profits and take big losses, it will hurt in the longer term. Yet, I would say that if you take small profits take even smaller losses…