I have not posted here for about 4 months now . I have not been able to stay away … 
Sold below stocks …
Chemplast(Too much pain to bear and mere recovery wont make my day)
IEX( Lost conviction bcoz of its lack of growth due to hot weather! Also having not sold it at 300, It was going to be mental thorn if held any longer)
Lux(Had underestimated effects of CG perceptions and at 45% down ,its not going to make me happy anytime soon)
MsumiWiring ( was not my own conviction and the drop exposed the delusion)
Panama petro(Bought based on too little research and hence no conviction when 20% down)
Satia(Market perception of the industry provides very little comfort for future rerating as good results not having any effect)
Cineline ( better opportunities visible with less risk)
Added…
Angelone @1150 ( Good growing brokerage house with good chance of rerating in a better market as PE is low now )
Indigopaints@1030(Probably too undervalued …good chance of rerating and anyway has many expansions coming onstream in next 24 months.)
Persistent@4482(Bit risky but if meets guidance it can be the outperformer from IT pack)
Vaibhav Global@296 ( Long term bet bought with margin of safety)
HBL@97.6( Can have a very good couple of years)
SIS@370 ( MoS , turning of tide)
Added to
Allcargo,Mirza and Sirca.
Portfolio has stayed at about same level mainly thanks to VBL,polycab and ITC . March end levels are very fractionally lower than Dec end levels and thats not too bad considering what happened to small and midcaps in those three months .Lets see what happens next …
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