i have applied for 800 shares of gravita but have been allotmed 0 shares...whts the reasin behind dis...and where can i file the complaint..............
690. Pandit Ji| Link| Bookmark|
November 16, 2010 8:18:48 AM
Top Contributor (400+ Posts, 200+ Likes)
As expected great listing, hold on with a stop loss of 225 and ride the wave
687. Pandit Ji| Link| Bookmark|
November 16, 2010 8:09:00 AM
Top Contributor (400+ Posts, 200+ Likes)
@ sunkari
you have got me wrong, I dont say shares will open down, I am saying you will get a fantastic listing, but dont buy this share for long term, sell at reasonable profits coz the euphoria is not going to last more than few days, expecting a profit of not less than 100 rupees per share on gravita
it will cross rs.275 and may reach rs 300/ will not be a surprise as there are huge shorts in the grey market.it is true that company is doing kabadis business and the speculators will take the share to greater heights in view of very short equity of rs 12 lac about in hands of retail investors.the persons got allotment are lucky enough and are advised to book good profits.chances of volatility in share prices are very high irrespective of level of nifty or sensex.
Dear Pandi ji, No worries, we got only 50 shares. If that is the case we should say thanks to Gravita for allocating less amount of shares. Cheers.....
680. Pandit Ji| Link| Bookmark|
November 16, 2010 3:03:28 AM
Top Contributor (400+ Posts, 200+ Likes)
My last and final call on Gravita on listing day ---------------------------------------------------------------------
There is a big short position in Gravita, and the price could go anywhere, as per reports the share may open + 100 and move up, there could be wild fluctuations, please trade with strict stop loss and take profits as per Your convenience. if the shorts start getting covered the share can go anywhere
THIS SHARE IS NOT FOR INVESTMENT, THE SHARE OF GRAVITA ARE NOT WORTH MORE THAN 150/- THE SHARE CAN MOVE UP ONLY BECAUSE THERE IS HEAVY SHORT BUILD UP AND WOULD COME CRASHING DOWN AFTER SOME DAYS. THOSE OF YOU THINKING THAT THE SHARES ARE GOOD LONG TERM INVESTEMENT ARE DEFINATELY GOING TO BURN THEIR FINGERS, 30 DAYS FROM NOW GRAVITA WILL BE A FORGOTTEN SHARE
Sell as soon as it crosses 200/-. It may go even higher if speculators drive the price but those stay invested will repent because it will soon be falling down near the issue price or even below it a few days. The company is fundamentally very weak.
Guys who got the shares are lucky. but for whom who didnt got can have a chance if it list below 225/- but once if it cross then no chance. my bet is around 275-300/- for the day