My July 26th call (see below) on Crompton Greaves was to buy at 283 for a 6 month target of 336 (19% profit). The stock touched 320.50 today on NSE (up over 13%). Hold the script till target is achieved shortly and then sell around 75% of your holding.
From: powerfulpicks@yahoogroups.co.in [mailto:powerfulpicks@yahoogroups.co.in] On Behalf Of powerfulpicks-owner@yahoogroups.co.in
Sent: Monday, July 26, 2010 4:53 PM
To: powerfulpicks@yahoogroups.co.in
Subject: [powerfulpicks] Safe Buy Call: Crompton Greaves
Sent: Monday, July 26, 2010 4:53 PM
To: powerfulpicks@yahoogroups.co.in
Subject: [powerfulpicks] Safe Buy Call: Crompton Greaves
This is truly a very respectable company and they have overcome slowness due to export situation to Europe by intelligent overheard reduction and cost control. They may have much better demand from Indian market in 2nd half of 2010.
Buy on dips, starting at 283...for the price target of 336, a 19% profit target in next 6 months
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