Power Finance Corporation Ltd FPO Message Board (Page 31)

PFC Cash market 220.50
PFC FNO market 205.50
Cost of carry Negative Rs. 15 per share or 7%

Reasons :
1. FNO ban : Those who have sold in FNO are not intrested to buy back their shares in FNO even at Rs. 15 discount as they know that they will get shares @ 192.85. Those who have bought in FNO can not buy further even at a very high rate. So the rates are static in FNO. when cash market share soars, no one in FNO even think to cover their short as they are confident that they will give allottted shares on expiry.

2. In cash market, all the shares are being purchasedby big boys who already had purchased sizeable chunk of FNO and already maximum delivery shares are with them.

Dear KK Natrajan,
Given up. Squarred off today at 205.70.

The allotment is ready .. wait 4 tomorrow...

I know People will apply in this issue and later start crying that Sebi is not doing anything. Promoter has looted them.

This is too costly. I will keep my fund for sail/ongc. rest of time my money will sleep in saving bank account peacefully.

Dear Sreedhar,
PFC spot is at 222.50 but futures is 205 odd. A discount of 17 Rs! Ridiculous. I have put the selling order at 209 which never came. Decided to wait for 1 or 2 days more with strict stop loss. Correct?

PFC cash is running hot even in bad market conditions. But the futures rate moves like a snail and at times the rate between spot and futures is even 13 or 14 Rs. It doesnt seem to close out in the near future.

S A I L
FPO
OPEN 14 th JUNE
CLOSE QIB 16 th JUNE
CLOSE RETAIL 17 th JUNE

Why PFC is going up? any iead? Expert pls comment.

HI ALL

PFC - FPO cheque is debited today from KOTAK BANK LTD

For PFC -FPO cheque is debited today from HDFC BANK LTD

Can I short sell PFC for today?

Why PFC is going up ? I think now as the listing date /allotment date will come closure....every FPO price has came down in past.....

SEE NIFTY IS DOWN AS I TOLD
AND SKS WILL ALSO HIT HIS LOWER BAND TODAY. JUST WAIT AND WATCH

SEE THE NIFTY I HAD TOLD BEFORE FEW MINUTES THAT NIFTY WILL GO DOWN TODAY AND IT IS WEAK IN THIS WEAK ALSO AND NOW NIFTY IS TRADING IN NEGATIVE.
AND SKS WILL ALSO TRADE IN NEGATIVE AND HIT HIS LOWER BAND SO SOLD YOUR ALL STOCK WHO HOLD IT. BECAUSE IN THIS WEAK THIS WILL GO DOWN DAY BY DAY.

scorezeny i am also from bhavnagar may i know which broker offer 3800 for kostak?

QIBs put in bids for more than 79 crore shares as against their portion of 11.46 crore shares. India's largest insurance company LIC subscribed for Rs 4600 crore worth of shares and ICICI Pru Life applied for shares worth Rs 875 crore.

ICICI Prudential MF subscribed for shares worth Rs 500 crore and Merill Lynch & GS p-note Rs 700 crore each. Reliance MF put in bids for Rs 450 crore worth of shares, HDFC MF Rs 300 crore, Standard Pacific for Rs 900 crore and GMO for Rs 170 crore.

Birla MF participated in the issue by subscribing for share worth Rs 126 crore and Birla Life for Rs 200 crore. Bank too stepped in to get a small chunk - ICICI Bank subscribed for Rs 700 crore worth of shares, Axis Bank for Rs 500 crore and SBI Rs 200 crore.

I THINK NIFTY WILL GO DOWN IN THIS WEAK AND POSSIBLY DOWN TODAY ALSO SO WAIT FOR FEW HOURS YOU CAN SEE.
AND SKS CHART STRUCTURE IS VERY WEAK SO GET OUT OF THIS STOCK AND TAKE WHAT EVER YOU EARN OTHERWISE IT WILL GIVE YOU BIG LOSS.

HI ALL

WHAT ABOUT CHQ STILL NOT DEBIT IN ACCOUNT ANY ONE SAME HERE....

SELL YOUR POSITION IN SKS MICRO NOW THIS IS RIGHT TIME BECAUSE AT THIS LEVEL IT WILL NOT STAY MORE THEN HALF AN HOUR SO SOLD IT WHO HOLD IT AND YOU WILL SEE THE LOWER BAND AFTER 1 HOUR.

How many of us have shorted PFC and when?
When means - when you heard about PFC FPO, or when it actually announced, or when it really opened & you shorted during that time, or you shorted after is closed (i.e. in last week)?

I am trying to gather suggestion on what should be done on ONGC and SAIL?