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)
