Investor Mohnish Pabrai caught a falling knife in Care Ratings, and now sells off large numbers of shares

Superstar Investor Mohnish Pabrai had bought CARE Ratings shares in multiple SAST transactions in August and September 2018. Pabrai Investment Fund bought 2.42% in August and 2.06% of total shares in September. The share price of CARE Ratings however, has continued to fall since these purchases, and Pabrai is now selling off these shares.

Pabrai sold off 2.43% and 3.25% of total shares in two SAST transactions, reported to the Exchange on 17 December and 24 December. These have been sold off at losses, reflecting the eternal challenge for investors - a stock may look undervalued, but when do you buy? The share price may just keep falling for a while. 

Pabrai has also sold 3.38% of total shares in Healthcare Global Enterprises, a transaction made around 21 December and reported to the exchange on the 26th.  

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