Strategy FTW

Hello All,
Yesterday was a good day for us.Markets went down by 48 points..Yet, India Bulls and Hindalco saved the day for us. Let me tell you one strategy that I have been following these days..No doubt we are choosy in selecting the scrips that we invest. But, sometimes , after selling those scrips at a reasonable price, we often( atleast I ) see that the scrip zooms to further 15% appreciation.
To confront such a scenario, assume that you buy, say 500 shares of Hindalco.When you achieve your price target, sell 80% of your holdings ( 400 in this case)..The 100 shares can be preserved for long term appreciation. That way, you dont stand to lose even in case you scrip falls below your acquisition price and you are still in the party if the scrip drifts further up.

Having said that, Arvind Mills is still waiting on the runway to take off.( I guess its taking time to get re-fuelled for a pretty long time!!)

Heres my take for the near term.

Risk takers can seek exposure(in small lots) to the following scrips:

IT - Vakran Software - BSE Code 511431 below Rs.111
IT - Logix Micro - BSE Code 532341 below Rs. 217
Pharma - Aurobindo Pharma - BSE COde : 524804 - Below 405
Electronics - Solect Centum - BSE Code : 517544 - Below 240
Consumer Goods - Murudeswar Ceramics - BSE Code : 515037 - Below 124

BTW,
Valuenotes today had an interesting article on IndMer Bank( a subsidiary of Indian Bank).View here

BSE Code : 511473.It seems to be long term story.I am of the opinion that it will settle down higher though in the near term, it will follow the course of the market.

But ,regardless, keep your stock loss mechanism in place every trading day.

Cheers & Regards,
Sajeeth K.