- Wealth PMS (50L+)
The latest status of the ShortOnly Strategy:
It was up 20% very recently so this is about 8% drawdown. (Drawdowns are peak to lowest point after that).
Not worried, I still think these stocks have some serious issues. The markets may go up to 3200 meanwhile; and the next wave of selling is likely to hurt even more so a short strategy should do good.
I’m looking closely now at the diversified players, IT and anyone that still has a reasonably high P/E. I have wanted to short Naukri for a while but there is no liquidity in the future; no point doing something that can’t be replicated in real life.
Disclosure: No personal positions as of now. But I might take some in my next position, coming up really soon.