Dear Amit,Generally I make listing predictions on HNI subscription & invariably it turns out to be true about minimum that a share can list.My prediction for ARSS & Man Infra were bang on targetfor that reason only .Here in the case of UBI 80 is breakeven for HNI.So 80 is minimum for UBI,Thereafter it will depend on Supply & demand.Post budget small banks have perked up nicely.I think fundamental value is at 85.I will sell my shares at 85.There may be excesses but I am satisfied with 85.Tomorrow if it reaches 90 please dont blame me.Regarding Aqua,I do not follow it.please ask Ravi,Bangalore.He is expert in technicals.
Dear Sridhar, your experience is impresive indeed. Such type of people never loose in this Mkt. I'd like to know your view regarding new listed stock like, AdaniPower, NHPC, Infinite, Man Infra, UBI and specially tell me something about Aqua Logistic I still hold it. I have sold 250x3app.=750 shares on 240/- Average Now I'm holding a lot of 1 App i.e. 250 Shares, I've seen 280+ but i couldn't sold it now tell me what i should do over this stock. Thanks.........
In bull market everything will be hunky dory & every cat & dog will fly better than bluechips & even companies with zero profit like Rpower will get subscribed 100 times @ 430.I am apprehensive about NMDC since most of the shares about 70% are with LIC.Good times everything will be hunky dory,If something goes amiss then 2 scenarios are possible,LIC is not a cornucopia that it will continue to underwrite all FPOs.1)LIC has always been supporter of Indian markets when FIIs are sellers & no one is a buyer.It is a saviour in bad times.2)If the bad times indeed come then the first stock to suffer will be NMDC since LIC will definitely offload its holding & no one can stop the slide.So this is what I am saying.For info I have bought Sesa goa at 75 & sold recently when market hit 5300.So I know a thing or 2 about mining companies.At the end of day whoever wants to take his decision it is at his sole discretion.I have survived the market fall from 21000 based on this thinking only & made profit from 8000 also on same concept.Whatever applications now I am making in IPOs are solely my profits from 8000.