Conflict between the celebrity founder Mr. Narayana Murthy and outsider CEO Mr. Vishal Sikka is sideshow compared to the main reasons going to dog the stock price in near future. One of the things - Severance pay packages of few crore they were fighting for is peanuts compared to Rs . 13,000 crore being totally wasted buying the Infosys stock back at Rs . 1150 ! Investor would have been better off with one time more dividend instead in our opinion. But well, we don't care. As a trader we are just looking for next profitable trade out of the situation :) Our though process in the stock has helped us make good fortune out of last few years price action ( which you can check out in those old posts ) and now it is time to move forward.
Nope, we are not going to short the stock! Rather looking again for good buy-side trade opportunities. A next band lower, between 600 and 800 is going to proved many such opportunities and we are just waiting for the stock to come to our preferred levels.