UGLY DUCKLINGS $$$$$$$$$$$$ Delivered.
Check enroute post of November - http://rupeeneversleeps.blogspot.in/2011/10/enroute.html
This is what i wrote in November.
Im buying only UGLY STOCKS----Infra --Power...Realestate .
Refer to twitter updates to know our historic updates on the same. We have been biuying these 3 sectors from November to January.
We started Buying likes of gmr @ 26 all the way to lows of rs 18 -- Sold off all @27
Bought Ivrcl @ 52, @ 42 and @34 ----Sold half @ 52. Will continue holding rest
Bought Indiabulls Realestate (before demerger) @ 112 @ 72 and doubled the
position @ 61. Today standalone realestate is @ 74 (close to our cost). We continue holding as we still see value from 2yrs.
Indiabulls Infra & Power shares are literally free as of today.
Bought Gvk from Rs 22 all the way to Rs 10. At one point i thought i had caught the average physological bug. We are bullish on certain companies even though we sold off few. These are some of the names we kept buying.Not to forget the wrong call on lanco. We bought that too @ 10 and 12 levels. Our average cost on Lanco now stands at 18rs.
Today some sanity seems to have prevailed. Only reason the stocks have doubled is that they were sold to ridiculous levels. We doubled the positions at the right time (Luck had its way too i guess). I expected a sharp bounce but not in January itself.
We went overweight on Infra and now have been booking out of stocks which delivered huge gains. Our cost has effective come down and offers great comfort in this space after long.
A possible 20% correction is possible again in individual names in these sectors from recent highs.
We have shifted the money now to lower beta names with dividendyields of 4-6% which also cracked due to the whole market downfall. They offer a great risk return profile.
Im short on Nifty @ 5331 . I dont see a sharp downside for feb but the budget could be a game changer. Its good to hedge buy shorting or buying lower strike puts.
Cheers
Aditya
No comments:
Post a Comment