yesterday i suggest to sell off long positions who are holding. hope all are exited and took short positions. short sell federal bank more for a tgt of 100 and 90. my ultimate target is 90 by july 2014. no more recovery by budget or result. nothing to expect, nobody can save federal bank.
5.04 PM Jul 8th
My perspective - This is a dampner, yes. But, see in the long run, no event can be a perfect culmination of all positive things coming together. There are bound to be distractionary elements. In my view, even if the market does go down after the budget declaration, Q1 results of most companies
4.56 PM Jul 8th
The performance of the bank is very good with less than 1.5%of net NPA AND GOOD PROFIT.This quarter result also they expect it to be good because there are no slippages and the cash recovery in NPA is good .It has corrected very much and it is trading at a very less price than their book value
4.54 PM Jul 8th
My average price is 164, and I could complete my target of buying 10000 shares below 200. (Last buying was @194). May add another 1000 or so, if funds can be managed. Maximum wait is till 14th Aug, which is the last date for quarterly results. Quiet possibly we will have results by this month end
4.40 PM Jul 8th
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