“In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -Peter Lynch :pompus:
THE AIM IS TO :stop:" TRADE WELL, NOT OFTEN" :finger:
Hello all!!
Karnataka Bank has announced rights issue 1:2 for Rs 70 per share. Current market price ~140
Plan : (courtesy Economic times)
Buy 4000 shares @ cmp
Sell 1 lot futures @ cmp
Apply for rights
At expiry square off everything.
Problem :
=>Bank has not said anything...