Comment on Lessons from trading on Yes Bank

Kiran commented on 23 Aug 2019, 03:53 PM

It’s at a point where it’s like a premium for a call option. You hold the option with premium of your current investment and some upside. Exiting now is too late in the day unfortunately. But yes very expensive and lifetime lessons. First, NEVER believe stock analyts blindly. Second and more importantly, GET OUT WHEN THERE’S GOVERNANCE ISSUE. There’s no smoke without fire. Better to have 80 rupees from a 100 Rupee investment than end up with 40. Similar thing happened in DHFL. Next year or so is going to be tough for the Indian market and economy given the large scale cleaning exercise done. From there on there would be solid fundamentals in most of the firms especially if we in general manage the deleveraging cycle well. A lot depends on smart policymaking in the next year.

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