Todays paramount issue, Circuit locked at 3:15pm, This is the issue disliked by many but given benefited those tructed it. (Arrami nahi like NHPC ,Sutlej or PFS).
Dear members I congradulate the traders who apply the fundamental theory of IPOs that below issue short and above issue is long for this issue and made windfall profits. Thank you and keep it up I could made little money after selling my allotted shares at 36.60 and another lot at 34.85(after second attempt failed to cross issue price) and both covered at 25.55 But I dont blame any SEBI,govt India,BRLM and company since they not not forced to apply any IPOs. Bye,bye see you in 'future'
my sympathy for those who lost money or holding this stcok.. story of paramount is over. we have to look for next issue.. we have to invest in good issues like PFC, even at short time loss, because by keeping those shares in DEMAT we can sleep for years where as third class(rating below 3) ipo shares will not exist after 5-10 years.... Do take best care of yourselves... it is your money... if lost in market, dont blame anybody.. because nobody snatching from your hand....
IF WE ANALYSE, PARAMOUNT HAS GIVEN BETTER LISTING GAINS ( 8 % - IT WENT UPTO Rs. 37/80. IF WE COULD NOT AVAIL IT , THAT,S OUR ENDLESS GREED ) THAN EVEN THE EVERYBODY'S DEAR DARLING GREAT MUTHOOT.
My sympathies for those of you lost money in today's listing of Paramount. But first of all let us understand that IPO's are not done for charity sake by companies. To make a rule to buy back after one month from Lead manager will not work out. If you think the other way how many of us are willing to share there profits with lead manager if there is a bumper listing like CoalIndia and if the price stabilises a good 20% above from IPO price. So Let us use this forum and decide the best IPOs as well as Riskier IPOs with the help of esteemed boarders. And my advice to new comers is don't risk ur money by applying riskier IPOs rather keep your money idle in the banks which will earn u some interest. Hope this doesn't hurt anyone.
125. SkDash| Link| Bookmark|
May 9, 2011 6:43:38 PM
Top Contributor (1000+ Posts, 200+ Likes)
126-Jigar Agree with you. but to control greediness is more diff and thats why we applied in IPOs knowing that fundamental is poor, pricing is higher etc hoping that 'it will be a operator game'. And also another thing when good IPOs are coming, people are applying like mad and chance of getting allotment with 50-60k money also is rare and some 1 lot allotment with 2 lk money, thats why we all are prefering to burn our finger by playing with fire.
I too exited @ 35.90 for some of my portfoilo and still holding some nominal amt.However I am not saying because i have fear of loosing money but because as an investor to teach such companies a lesson when govt. is not doing anything, we have only option left - NOT TO APPLY. Our griddyness makes them more powerful and more such IPOs are coming.
And here question is not that I gain or loose? If I exited @ 35.90 ,some other person has bought at the same time. Now instead of me, that person is suffering losses. So to stop such cheating with public WE SHOULD JOIN together and OPPOSE such issues by NOT SUBSCRIBING.
123. SkDash| Link| Bookmark|
May 9, 2011 5:11:56 PM
Top Contributor (1000+ Posts, 200+ Likes)
121-jigar
why such a rigid decision ? I dont agree with you. Paramound gave sufficient tome to exit at gain (may be nominal), but because of greedy, u hold yr position and suffered loss. if you had exited at no profit no loss basis or with some nominal gain, the position would have been better.
just decide-NOT TO BE SO GREEDY in stead decision NOT TO APPLY IN SMALL IPOs. this may cost you more.
Now I think Future Venture will give a better listing .... atleast the stock is supplied at the face value (10 Rs.) so nothing to loose .... but feel pitty, I did not applied in this share ... will see tomorrow ...
I think we should not subscribe to such IPOs even for listing gain.Only then this can be stopped......If the issue fails due to lower subscription then only this type of IPOs will not come in future.
I will have to be the first to follow my own advice. Because I myself had applied in Paramount,Innovative and Servalaxmi. Now i wll make up myself not to apply in such IPOs.
Because SEBI-Govt. all are here to cheat investors. Investor has to be self educated to avoid and to punish such companies by not subscribing.
Today just looking into the coal india movement, it looks like it has listed today and increased so much and always touching days high and also it has crossed 52 weeks high.
But PPL was stable almost for sometime and then it started decreasing. See the difference between the quality stocks and cheap stocks like this. Its better to avoid these kind of IPOs in future.
In the lot, I applied only in Muthoot. Rest I gave a miss. Now I am looking forward for PFC and galaxy.
115. SkDash| Link| Bookmark|
May 9, 2011 3:39:10 PM
Top Contributor (1000+ Posts, 200+ Likes)
116-Guru whats the basis for upward movement ? it will be rangebound and will be closed in dis-seems to me. i had short position in 35.9 and i recovered in 30.9. Last moment will be highly volatile and i thought to exit at safe