Got out at 351.50 , booked 1.50 Rs loss per lot , was only in this for listing gain which i didn''t get , had no intention to hold for weeks hence booked minor loss , many great opportunities in others stocks where my capital can provide returns , best of luck to others who are still holding.
Exited 30qty at 342. Placed order at 349, missed by 25 paisa. As long as Mid and small cap is weak, no ipo going to perform. So no point of holding funds which can be used in Bluechip largecaps.
Chemplast was bad company got listed in Rs10 premium and Aptus company with good track record in Rs20 discount. Why is it so ?
515.1. techuser| Link| Bookmark|
August 24, 2021 11:35:17 AM
IPO Mentor (500+ Posts, 300+ Likes)
Are Rockybhai, harshad mehta dekha nai apne kya?? Ye stock (Jua/Gamble) market he, yaha esa hi hota he, langda ghoda hi chalta he baba. ye fundamentals kon si bala ka nam he ;)
sellers are not letting it rise above 348 , 348 is a strong resistance now , Institutions are accumulating at each dip and retailers are selling on highs.
I think the selling pressure is there only because a lot of retail weak hands have got confirmed allotment and they will try to exit at the beginning come what may.
After a few hours, when the shares have been mopped up from these hands, the price will rise as QIB and mutual funds seem to be very interested in this going by the subscription nos.
So my strategy is to wait for a few hours and see how the demand supply shapes up.
P.S. I have got 2 lots and seeking to sell atleast 1 lot (but in profit or at negligible loss). I still believe this was a better stock than Chemplast atleast.
504. jigi| Link| Bookmark|
August 24, 2021 10:55:49 AM
Top Contributor (400+ Posts, 100+ Likes)
exited in pre opening. Might be seeing some selling pressure from HNI.