Thursday, June 07, 2007

Worst picks in my investing career

Tvs motor 100 exit 90 odd

Dr.red
650/700/750
Cmp 650

Arvind 120(140 exit)/120 100 exit/70 (55 loss)/43(48 exit, 2x quantity) cmp 44 odd
book value 60-70 maybe?
If arvind splits into retail/textiles will result in value unlocking 70-100 rs per share
holding still. waiting for 70-80-100 in 1-2 years.


Up next?
Prithvi?
330/300/277/280/290 , still holding
cmp 280

aftek info 56/66/72 , still holding
cmp 71

gardensilk many years ago (this was not funda i made the mistake of following icicidirect call on this one without proper planning)
reco price 80, cmp 56 (2 years!!! thats massive underperformance and i am still holding book value is 88 i will only exit At or above book value)

If i am missing any of my other horrible trading or investment calls do leave a message.
We learn 10% from our successses and 90% from our failiures.
Making a mistake is what prevents us from making the same mistake again.
The mistake leaves you with a solid memory usually one involving pain and when confronted with a similar scenario your mind will make you imagine that pain before u even act to make that same mistake.

If you keep reducing your mistakes you will ultimately get better.
Just a matter of sticking with the game long enough.

While I seem like an impatient guy when I talk.
When I make up my mind I can have near infinite patience....

I have lots of other investing picks where I have suffered massive drawdowns
But I held on because the fundamentals were intact.

So prithvi/gokex/aftekinfo/litl planning to hold for one year unless fundas turn sour
Lets see where the market takes them.

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