CarTrade Tech Limited IPO Message Board (Page 1)

When is the q result out?

We will see heavy buying between 1200 to 1300 level

Roxpatel looks like it is difficult for it to hold 1200 even and no heavy buying ...hope it recovers

When retailers offloaded completely, This can move up sharply. This is Operators game to snach shares from retailers. Retailers need money in short term, So they are selling.

Anirudh majority of retailers are out ... everytime it is not operator ....if don''t have anything to say just say waiting for retailers to get out and operators are there

@Have Faith - This car clearly has a slow puncture. I''m holding about 150 shares (acquired in the IPO) and I''m still holding strong and my reasons are as follows:

> All its peers, Cars24, Droom, Spinny have raised large sums from global investors at very rich valuations - info available on Google
> Similar car resale platforms in other emerging countries continue to attract crazy amount of capital - info available on Google
> The Company is a rare example of an Internet era company with profitability and strong +ve cash flows and hence is priced dearly, as the MARKET is telling us
> Unlike Zomato / Swiggy, (which are unique and won''t have very many lookalikes soon), eventually there will be multiple companies of its type listed in the local market and this is a negative for this Company and space
> I''m of the view that if they can deliver growth and show traction, their profitability will improve exponentially and the market will reward them for it
> @ about 75x FY21 P/E, its well below the 100x P/E which seems to be the benchmark for Internet era companies. However, the key factor here remains growth because that has been flattish for the Company in the last 3 reported fiscals
> The 15%+ loss that I''m sitting on is painful but I don''t see too many fundamental investment opportunities in the market at the current level for me to book a loss here and move my investment and hence since this remains a fundamental play for me so I''m holding tight for now. If I don''t see the Company reporting growth in the next few quarters, I''ll have strong reasons to book losses and alight this car

Keep minting!

@NeoLongus ~20% down today.Do you advice averaging? I appreciate your views on CarTrade. What are your views on Devyani and Ami Organics.

NITEENIPO - Principally, I''m against the concept of averaging because its like throwing good money after bad and being stubborn about our thought process even though the market is telling us otherwise. Unless, there is a deep market correction which allows us to buy certain securities at great pricing, I never average. But this is just me and we all have different philosophies. For CarTrade, I''m not sure how much averaging will help coz its continuously slipping on low volumes and needs some fundamental or technical triggers.

I''ve shared my perspective on Ami & Devyani earlier and you can check them out on the page with all my posts. At current prices, I feel, its better to exit them both completely.

Keep minting!

All losses are now neutral...yipee!

Exited or still holding

At least it recovered a little.

One day green only ..then back to red

💎Diamond Hands for CarTrade & Zomato💎 - Foolish or Wise...only TIME & MARKETS will tell!

Khana kya chate ho ..saaf saaf kho

Ipo was overpriced, but company is good, hold for 6 month, good for long term, add some quantity at dips

I have 4 lots @ 1535...still holding...

@Monster average out more ...it is going down only

On it..✌️

I have purchased 18 shares @ 1502, averaged after buying 9 shares @ 1407. Still going down.

I have purchased 18 shares @ 1502, averaged after buying 9 shares @ 1407. Still going down.

Sorry. Averaged 9 shares @ 1470 (not 1407)