Prakash Steelage Ltd IPO Message Board (Page 1)

Have you seen all board of director ? Is that one or more are only 1oth pass ?

Have you seen all board of director ? Is any one 1oth pass ?

can any body the future of prakash steel.i am holding 150 share @185 should i booked lost or hold for some more time,today it closed at 146

Ravi sir , thanks a lot for your valuable answer.Will try this out with the GPPL listing tomorow.Will let you know how it proceeds. Once again thanks Ravi sir.

549. Srinivas

Till 11:30, it is difficult to know the trend. If you are confident, purely on speculation or momentum play, buy 1/3rd in the morning after half-an-hour of commencement of trading.

Typically, Operators sets-in around 11:30 to 1:30 p.m. as per my observation in Aster, Prakash, Midfield. If Operators don't enter the scene, fundamentally weak companies (high valuation scripts) start declining after 11:30 a.m. druing listing day & that trend continues next day also.

If Operators enter the scene, hold for two days- that is the starting stage. Generally, honey-moon will end after two days. Sometimes, different Operators enter the scene & start accumulating in corrections. In such instances, honey-moon will continue even after two days. However, it is difficult to ride the volatility beyond two days. It will tempt us to take the money off the table when we see correction.

In secondary market, you need to watch the sector leaders. When they make noises, look for small-caps in the same sector. You face acid-test during stock-selection in secondary market. Look for cheaper valuation which is showing turn-around stories. Turn-around stories will become multi-baggers. Buy cheap valued & turn-around stories when they buzz. That is typically starting stage. Don't choose sleeping beauties. It will waste your time.

Avoid stocks that are recommended in media.

Ravi, can i go with a strategy that buy a stock on the first day of the listing depending up on its trend and reap benifits with stict stop loss.This stategy may hold good because of the reason that market is going good and all thye ipo's listed in this time frames are giving benfits for the first feww days.Please comment

546. Gavin

Buyers are trapped in 182-226 zone. Somebody is picking it in 169-151 zone. If breaches 151, then support exists only at 117 which is life-low recorded on listing day.

I have already pointed-out that you should play in Operators stock at initial stages. Chart is not everything. This stocks moves because of fixing. Stop-loss would trigger. It does not mean that you should not use stop-loss. If you keep stop-loss, you loose Rs.5,000, if you don't then you loose Rs.50,000. Remedy is enter at starting point & in 3 - 4 phases.

Gavin , still your q was not pointing me , but as i am into this stock from the 1st day of listing . This stock is purely in the hands of operators, the people who gained in the first 3 days are only lucky, those who entered above 200 are struck up,from the last 3 days , u dont belive it was not shoing any momentum. I have lost 25 k already , my sincere advice , just exit and take suggestion from ravi/sj/sreedhar/narayan etc about tyhe best fundamental stocks.

Dear Sj / Ravi
I bought 50 Prakash @ Rs 236.00 now day by day it become going down so should i hold or book loss. pls suggest

dont waste your money and time on his company

What happens in the coming week will let us know whether the honeymoon is over for Prakash steelage. If there are strong operators as in Midfield Industries, they will take it past 200 levels again. Otherwise, doomed!

Can anybody tell me when is listing and what to expect on listing day ?????????

536. Srinivas

If you want to invest for 5 - 8 years, take a route of mutual fund having at least 3 years good track record.

1. Reliance Regular Savings Equity, (Large Cap & Multi-Cap)- Rs.100 became 159 in 3 years.

2. IDFC Premier Equity Plan A (Midcap)- Rs.100 became Rs.169 in 3 years.

3. UTI Opportunities (Theme Fund)- Rs.100 became 146 in 3 years.

4. Canara Robeco Equity Tax Saver- Rs.100 became 153 in 3 years.

SIP is better to avoid bad-timing.

535. Ravi, Bangalore
AApka predication is write good predication Thanks

Hi sreedhar,

thanks for call on Jindal poly, i sold at 1000 and bought at 985. Generally i dont trade, but your analysis is too good generally. for EIL also you have done great job. this forum has several good analysists like sj, gem ipo finder etc., helping newbies like me. thanks again.

shreedhar

I hope you are making huge profits in Jindal poly

It has run up a lot

However you can short jindal poly and go long on Garware polyster

Confirmed insider news of 250

I do not trade on insider news but this operatoe has 100% acuracy in past..so i believe him

aka,
Jindal Poly is going up on bonus proposal meeting for which will be held today.I had bought Jindal poly 2 days before & has now sold them.I have even shorted good quantity at 1004.Buy on rumor,sell on news.Today news will come & share should fall.I have bought Karur Vysya bank also which I will be selling on 6TH September when there is a meeting.I will be shorting Karur on that day.

Dear Srinivas,
Your interest in suzlon not withstanding, people got interested in it at the end of the trading hours today. If you still have suzlon left with you, you would feel happy!

@Ravi and SJ thanks for your inputs.Please so suggest me some fundamentallt good stocks which i can hold fro 5-8 years .

Srinivas

You are panic-sticken. Perhaps (I believe), change of hands from Operator No. 2 to Operator No. 3 in 206-202 zone. Keep a stop below 202 (say 195) and keep holding. Significant resistant at 267 (at least 50% profit-booking warranted at those levels). Even intra-day trading above that level (shorting opportunity) may fetch money. Success rate is more at that level.

Keeping a stop at 195 may be unaffordable to you. However, considering this scrip volatility, it is essential to take such hits for being a short-term gambler.