Should I hold or sell Jindal Drilling bought at Rs 253 and VSNL at Rs 385?
E. Raju Based on the queries received from the readers, we find that time and again investors hold on to loss-making positions. Investors must have a concrete plan for exiting a position. The exit be triggered either by the stop-loss been breached or by the stock price reaching the target zone. No trade should be considered unless these two levels are firmed up. And, the most important aspect is to stick to the exit plan. There is no point hanging on to a losing trade just in the hope of a recovery at a later date. Unless this basic discipline is not adhered to, investors are bound to see erosion in their net worth. As far as Jindal Drilling (Rs 182) is concerned, the stock would find it difficult to get back towards your entry levels. It would be advisable to look for opportunities to reduce exposures on an upward move. Stop-loss for long positions may be placed at Rs 169. Use a trailing stop-loss if the stock were to seek higher levels. VSNL (Rs 317): There is a possibility of a drop
