GMR Infrastructure Updated- 01-July 2012

Hi,

Welcome back.its been a amazing ride since May14 the last i wrote out here.
"As of Date We have got out of those low beta stocks and have started buying select infra names again."

http://rupeeneversleeps.blogspot.in/2012/07/gmr-infrastructure-updated-01-july-2012.html


 Our Infra stock which we sold off fully in Jan-Feb and re entered at lows again.
3 times in a row consecutively.
Seems amazing. Isnt it???

Its time to sell in the coming rally. Keep half and gradually sell half.
The reason being this is a liquidity push rally ans short sellers are trapped

GMR : We again bought this initially around  20-21 and increased it sub 20levels.
              It has bounced 20% and stands at 25 as of close.
              We are planning to sell 10% at every increase of Re1
              So if you held 1000 shares
              Sell 100 at 26, 100 at 27 till you sell 100 at 30 levels if rally extends that long

Refer to other updated views on IVRCL, NCC, Provogue

Again i Repeat the rise seen is these stocks is not structural as RBI Has not budged on the rates and is purely Driven due to GLOBAL RISK-ON.
Hence taking partial profits is advisible. 30-50% in two months is a no brainer. And indirectly your other half is literally free.