Portfolio Update:
Sold off Laurus after holding it for about 2.5 years and booking less than FD returns .Even though I still think its a good business ,I am not sure how long the pain period will last and I have had enough . Quite a number of shares has doubled or gone up 60% and gone below cost price (IEX,Globus,IDA) in past 18 months and I am unable to stomach another .
I need to learn to identify peak margin conditions and pare positions accordingly . If I had known what I now know about the businesses of Globus ,Intellect or IEX ,a year ago ,it would have been great. In case of Laurus, I find that while the long term CDMO future remains on track, I still lack knowledge about its ARV business dynamics.
Increased allocation in AllCargo ,Aegis and Mirza international .
Also got out of Polyplex out of panic . Sold at bottom too . General consensus says that oversupply situation looms ahead and I decided to hold on to some profit rather than seeing it go red.
Thats two good stocks which I thought good enough for longterm holding but still failed to hold on . Technical guys suggest that Laurus may go down below 300 … if it does ,I will get onboard again.
Yet to find a replacement for Laurus and looking at BLS and Panama Petro presently .
| Subscribe To Our Free Newsletter |
