Sell @ $1.40 & $1.405
Managed to sell everything today as there was a buyer. After I sold some @ $1.40, I noticed that someone was doing a buy every ~5mins (perhaps programmed buying). Decided to Q to sell @ $1.405 and slowly fed it as it gets cleared. same Buyer CP '78' – Merrill Lynch.
At $1.05, PE = 18.39 ; Yield = 3.58%. If we were to assume Net Profit is going to grow at the same rate of 20% as last year, the PE is actually quite ok. But, decided to take the cue from the management which'd sold all their Treasury Shares (from Shares Buy Back) ie. they must think current valuations must be more than fair. Anyway, market continues to be bullish, may not be able to get back at lower prices, like many of those I'd sold… 😀