@Admin @ Chittorgarh.com Newgen or any other member for that matter, should not be allowed if he / she breaks CG forum rules on regular basis.
I agree with Mr Singh that this is an IPO discussion forum not meant for secondary market. Further, 90% tips for secondary market I receive these days are working irrespective of source.
As far as IPOs are concerned most of the IPO experts give their final verdict on last day based on prevailing GMP & susbscription expectation, that too with riders like : high risk takers, short term long term etc (there is nothing wrong in that), If you have look at the past recommendations of IPO experts, many have gone wrong example : - SRM, Jyothi CNC, GPT Hospitals and many more. My understanding is that no one can predict actual listing price perfectly on regular basis. No one can predict actual short term and long term targets perfectly on regular basis because there are several factors which decide listing price, short term and long term price movement. Further, one round of a bear market will show the ground reality to all the long term holders including me.
Even in Hexacom, initially everyone was negative, as the GMP started to rise, apply recommendations started to pour in, that too with a word of caution like " high risk takers - for small gain- for long term, sell n apply - etc. In reality, the current GMP, after IPO closure, is around 90 rupees and if this one lists as per GMP or above than the correct recommendation should have been "Apply FF".
I dont want to undermine value of recommendations and advises of IPO experts, But I fully agree with Mr Singh that too much weightage should not be given to a member who doesnot respect law of the land.
I am a reasonably old member of this forum (mostly silent). I have seen many IPO experts coming and leaving this forum, but the forum is relevant due to its discipline.
Dear CG Admin, Please ensure same rules for every one. Newgen is a respected member but dont allow him unlessf he makes a declaration that he will abide by the forum rules.
Note : Please dont be personal, I have given my opinion, others are free to agree or disagree with me and give their own opinion.