Aster Silicates Ltd IPO Message Board (Page 15)

Ahemadabad brand issue seen since long time. may be definately grey mkt play & listing volatility seen in this issue.

Dear Natarajan,
Booked profits in Tata Motors,ICICI Bank.Now hold only Stanchart & ITC.ITC is a defensive as well growth story during Monsoon time.Now Bonus is also there .I Will sail with it till exbonus .Stanchart my strategy worked out well as I had bought at 102 & Sold half at 105 & hence effectively bought Stanchart at 99.Thus enjoyed returns both ways while those who had applied for Stanchart got returns only on Stanchart.Now I have got money to invest in good IPOs which will definitely come next month.If I have limited money I always apply in IPOs when markets are fully valued & generating returns become difficult.

Hope you got the answer to your question of why I had bought Stanchart at 102 instead of applying for IDR.I had waited for the market to go down so that I could collect quality stocks.

Idonot see any future of silicate industry so be careful