Sold off positions in Cera and Atul Auto. Booked small profits, plan to enter again at lower levels. Both started correcting.
Added more of Ajanta (370), Dishman(94) and Amara Raja(219) levels in the last week. Let's see how Whirlpool returns pan out today.
Opto Circuits is becoming a bigger pain, March-2013 is the hard stop. Already booked losses in Opto in brother's portfolio. Still have faith in the management, will give two more quarters before booking losses finally.
This should act as a stronger lesson for future. More lessons from Prof. Bakshi's blog on this,
"....If you donât take losses which are going to be the occasional but inevitable outcomes of even good investment process,** you wonât last very long in this game**...."
"....A stock may have fallen 50 percent from its all-time peak in a market crash, may have gone below its 52-week low price, may have fallen below the price at which its shares were offered in a hot IPO, or may have fallen below par value. None of these things mean that the stock is cheap. A stock is cheap only if its price has fallen well below than what the company is rationally worth on a per-share basis....."
Points noted...and do not chase a falling knife.