SCI was a learning experience. I was getting nearly 60-70% on my initial purchase price of around 90, when I had also posted chart of its breakout. The stock price had rallied to around 160 before it started correcting. On the way down I should have been stopped out by trailing stop loss of around 140-145, but kept holding on in the hope of divestment and much bigger gains. Ultimately I had to sell off at around 115-120, when it started showing a lot of weakness.
The lesson learnt was not to rely on promises of govt divestment etc where nobody bothers about timelines. If you check the utterances of govt officials/ministers there were multiple quotes of the company getting divested by a certain deadline. And still there does not seem to be any headway in the matter.
Instead if I had heeded the axiom of selling atleast partially when technical targets are met, the anguish would have been less.
@raku I don’t know what the query is. Laurus is a good company and hence remains on my radar off and on. Not all companies I sell off are on my radar subsequently.
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