Prakash Steelage Ltd IPO Message Board (Page 5)

Dear KK

Also read my post no 468 for strategy

I am also waiting and discussing further with sreedhar for strategy

Shreedhhar were are you...?

Plz reply when you are free before monday morning

Regards

Setu

Dear SJ,
Thanks a lot for your advice. I will not do what I have suggested (it is out of curiosity, I asked). Shorting EIL before allotment has taught me enough lessons. I will look for the opportunities to short Prakash however and I think we will get ample opportunities till it reaches the valuations it deserves, unless of course it repeatedly hits the selling freeze.

what is strategy for Monday? what will be the target?

shreedahar

so what do you predict on monday
what should be ideal price to short should i wait

i am just asking you to help me out coz its always good to take second views from knowledgable people...it clears strategy further

plz do help me out with views so that i get more clarity.......i will not blame you if it goes wrong like others do...so plz feel free to explain me.....dont worry...lol

regards

setu

dear shreedhar

due respect to you

but you seem to be resource challenged.....

Go and see how many private and public sector banks have given money to mfis........to lend to poor......

This is not bcoz they think that it is unethical to lend and earn out of poor.....but it is not economical for them directly to lend poor so they go thru mfi route.........

And speaking about low npas......that means according to you all mfis have forced women to prostitution to pay back their loan........and hence low npa....plz bring proof for that data before making rai ka pahad out of it

women are more responsible than men.......in fact they are more hardworking than men.....and rural poor given an oppurtunity......are more willing and respectable in paying theiir loans and noot ppeople like us who keep running away...in urban areas....

And you mean to say these people should be given loans for free just bcoz they arre poor......dont you think you are doing the same thing as encouraging people to beg......if you encourage people to beg they will beg more.....instead of that you can make them responsible by charging interest so that they will do productive work and pay loan with interest back responsibly.......

You are same nature as my dad...he also lives in his own world that he created by his own belleifs....so he never bought educopm never bought glodyne nevr bought new age stocks just bcoz he believed ke yeh sub chor hain aur sirf purani companiyan aachi hain......

So if you think that this is unethical then open an ngo and try collecting 1500 crores to lend to poor...i bet you will not be evn able to raise 100 crores thru charity

this is just my view i am not offending you so plz ignore my blunt comments.....they are just to make you explain

regards and no offence intended

setu

SJ,
your strategy regarding Prakash steelage is well planned.It is mostly in sync with my plan,I am also thinking on the same lines.But I do not think it will open in lower circuit becos yesterday at 329 pm the upper circuit was broken & the stock slid to 215 & closed at 215.In aftermarket hours there were large number of sellers in fact more than 390 sellers with 6-7 lakhs shares in NSE but all of them were absorbed & at off market closing there were in fact buyers .

@ deen dayal sharma

plz dont blindly short it,..

If it opens selling freeze you cannot short it..

If it opens up and price rises after 12 pm when auction is due and stock goes towards buying freeze.......that means there are still many short sellers who are trapped......so you will not like take the risk....

However listen to this carefully.....my strategy is if it rises 2-3 percent more after 12 pm that is after auction and then starts falling quickly ...i will start selling....i will keep stop loss one rupee below buying freeze......

Plz i advice you to keep stop loss 5 -10 rupees or 15 rupees above selling price.......depends on tgee amount of risk or loss you are willing to bear....

Plz strictly keep desired stop loss and dont blame me...later

i am keeping this strategy coz loss is linited to tge level of stop loss but if strategy goes rite....profits can be huge........

In fact even in secondaary markets iff you see something rising too mucch too soon and that fundamntals and future outlook for that stock does not justify that price you can short sell them......you will be rite 8 out of 10 times......blieve me i am telling by experience.

For example shorting tata motors even after it has reached 1020 levels is not advisable coz it has turned around because of jaguar sales and can even go to 1250....

But shorting something like jp associate can be true if it goes to say 160 coz fubdamentals do not justify thoose valuations.

Hope that answers your question

regards

Banks do not lend becos they do not follow the policies of Moneylenders & MFIs of recovering money & they have bad experiences after lending loan.This the point which I am trying to raise .You have said asked what is the percentage of such atrocities,do you think without using coercive means to get back the loans they could have maintained NPAs less than 1 when 80 percent of the loan takers cannot afford voluntary repayment.

Dear Sir

Please tell me, can i short shell Prakash Steelage Ltd. on monday, because this stock price is already on higher limit.

dear k.k. Natrajan

if you short sell and you do not buy....then there can be two cases..

1) it will get internally covered from your broker if someone else in his system has bought and not given delivery. In that case you will get some profits if you are lucky enough that the counter party had bought at a lower rate than you sold it at.....but this case is rare and please do not try it....

2) if it gets auctioned you will be charged huge penalty coz the guy to whum you have sold has bought at the samme rate hence will given shares in auction even at higher rate.
So higher rate plus heavy penalty

plz do not try these crazy things....bee normal and dont play with your hard earned money..

Lol.........

Setu

Dear Sreedhar / SJ,
What if I short sell a particular quantity on Monday and if I am not able to cover it at a lower price and leave it as such for auction after 4 days? In my opinion it will be available at a far lesser price than it is now. Wont it give me good returns?

DEAR SREEDHAR,ALL THIS SMALL SIZE IPO GET MAPUPLATED,IN SUCH AWAY THAT WE CAN NOT EVEN IMAGINE I HAVE STORY OF SUCH ONE IPO WHICH WILL BE COMING ,SAY WITHIN ONE MONTH..THIS IPO IS SMALL SIZE BROKERAGE CO.

463. Sj 462. sreedhar

http://www.bseindia.com/cirbrief/new_preview_attach.asp?id=
please see bse site after you discuss

@ Shreedhar

No offence sreedhar then please explain this statement:

"Dear SJ,

"11788 is such a petty figure & there is no need for people to cover it from 130 to 220 & that too with volumes in Crores"

That means you were teling me that i misundertood that bcoz of 11788 shares i think it has risen from 120-200 .

Although i had mentioned how opertors rigged it in my earlier post.

Well i am not afraid of shorting it ....!!.. KI may go wrong. Thats ok... yaar .....!!....

Hardly matters coz if my analysis is rite i will earn decent money if i go rite that is.....i will take that aaar ya paar risk with stop loss striclty.

I am not misguiding anybody....( i am not saying you are saying that...)

My strategy is if it falls 4-5 percent tommorow i'll short it for lower circuit....

Investors can keep stop loss one rupee below buying freeze if they have the guts to do that.

I am not saying them to do what i am doing

I am not afraid to get ridiculed if i go wrong

Neither i will be too happpy when people thank me if it goes rite..!!

Coz their appreciation will not make me money..... if it goes down that will make me money and vice versa.

Anyways

Thanks for your advice and the real story behind auction figure you told me. That thing i did not know .....

Regards...and no offence

Setu

Dear sj,
I posted my statement with respect to 11788 shares auction & said the figure is incorrect.What do you mean by putting words in mouth?
I had requested Ravi way back before ,during the time of tarapur transformer not to post trading tips on speculative issues as people may follow him without putting stop losses & blaming him if the trade fails.My thanks to him as he has stopped giving his projections for such issues. Even though I had traded extensively in Prakash but have not posted my strategies as it is a risky business & people may fall prey to it.

@ shreedhar

agreed that it is not official figure....i dint know but you may no more...thanks for clearing my misconception.....

But i am not saying that bcoz only 11778 or whatever shares have been auctioned...that it has moved from 120 to 200+...............plz dont put words in my mouth......

I only thgth if that arr pending shares auctions are over......

However i am confident that this is greatest fool strategy of price rigging by operaotors.........

I may go wrong may be this stock is multibagger and become thinksoft which then came down....instantly

But i will take my chances by shorting and put stop loss......coz i think this is a bubble.........

Regards

setu

458. sreedhar
bse nse are figure we are expect this final authoroty
or any were deta avabile? when?

Dear SJ,
11788 is the figure given in BSE auction notice & is not the true indicator of shares on auction.11788 is such a petty figure & there is no need for people to cover it from 130 to 220 & that too with volumes in Crores.On the auction day of Engineers India also the Notice showed only 4000 shares while lakhs of shares were auctioned on Friday .Out of my purchase alone 360 shares were shorted ones.

@ NM

This is good news

That means after initial surge at 12 pm if it still rises on remaining auction covering then it can be shorted coz all auctions will be over as few were left.

Ill take gamble and keep stop loss just one rupee below freeze price and sell it in a rise after 12 pm

455. Sj
once again thnaks for all invester this read and do trade
SJ give very hardly good messange this is real life in share market this fect sj jesa freind chaiaa thnaks sj thanks sj thanks sj this site do good used you