Selling spree

I went on a selling spree today. Relax! there is nothing wrong with the markets :-). Its just that I needed to buy something I'm very passionate about, and was hell-bent on buying it, only with the profits I made from the Indian markets. I sure sound like a stubborn idiot, don't I ?

I sold all the shares I had of Tech Mahindra, Global Broadcast News, Mindtree Consulting, Firstsource Solutions and Reliance Communication. These are some of the shares that have given me solid returns since investment. So, the new portfolio is definitely going to look shabby! And this is not the end of it. Tomorrow, I intend to get rid of some laggards who have not been performing for quite some time.

For now, the realized profits portfolio looks like this.

SCRIP	Quantity	Buy	Sell	Gain
Tech Mahindra	17	28-06-2006 365.00	23-04-2007 1493.58	+309.20%
Global Broadcast News	25	08-02-2007 250	23-04-2007 571.42	+128.57%
Firstsource Solutions	136	22-02-2007 64	23-04-2007 86.41	+35.02%
Mindtree Consulting	25	07-03-2007 655.13	23-04-2007 795.36	+21.40%
Reliance * Communication	11	01-03-2006 0	23-04-2007 460.95	N/A
Tata Chemicals	20	14-09-2005 196.81	12-04-2007 206.98	+5.17%
Ashok Leyland	300	18-07-2006 31.80	12-12-2006 41.94	+31.89%
Guj Ambuja Cem	40	26-12-2005 78.27	30-03-2006 103.04	+31.65%
Indiabulls	100	07-11-2005 171.58	19-01-2006 202.11	+17.79%
Royal Orchid	50	20-02-2006 209.54	06-03-2007 187.25	-10.64%
Midday Multimedia	50	04-01-2006 111.02	06-10-2006 45.38	-59.12%
Sun TV	20	05-05-2006 875.00	12-12-2006 1297.34	+48.27%
Ranbaxy Labs	11	23-11-2005 368.38	30-03-2006 445.83	+21.02%
Bajaj Hindustan	20	09-11-2006 314.00	12-04-2007 207.28	-33.99%
Dhampur Sugar	30	26-12-2005 176.62	30-03-2006 262.54	+48.65%
Parsvnath	20	30-11-2006 300.00	20-04-2007 305.91	+1.97%
Profit				+40.80%

* Reliance Communication shares were got, through the demerger of Reliance Industries. Hence, the invested value is 0.

The average holding period has now come down to 193.69 days. The net realized profit after today's sell stands at 40.80%.