Prakash Steelage Ltd IPO Message Board (Page 6)

Some facts i would like to tell investors.

This way of price rigging is popularly known as:--"THE GREATER FOOLS GAME" amongst opeator community.

First give incentive for the fool in the form of grey premium to short. Create such a frenzy that all operators in grey market encourage fools to short.

Now on Day of IPO the grey operators who have been given liscence by promoters of the company themselves to form a syncronized racket on how to manipulate all over the country; start buying heavily in open market.

So short sellers who had shorted in grey market due to operator publicity...is the first fool to buy in panic.

Then the next small in vestor or second fool comes in to buy seeing operator activity and massive price movement.

Then a third fool enters who buys again from another fool who is shorting to average out his short that were only partially covered due to huge price movement in short time.

So at the end of the day the last fool who thinks that he has made a wise decision to buy as the stock is un upward momentum.

Although the last fool thinks he has won ..but he is the greatest fool coz he has brough from short seller who is averaging out at higher levels.

This trade continues for few more days.....

So the last fool who enters thinks he has made enough profits and should hold on for more...but he is the gratest fool.

Coz after that promoters instruct operators to sell all their shares as all sellers have covered and there are buyers only.

And the promoters and operators are the ultimate winners...and the last buyer is :---"The greatest foool"

So guys this is how it works..

Wonder how i know this coz i know many operaotrs....in my area who trade for company's promoters. Kolkata is filled with such companies.

See what happened with Thinksoft Aster Silicates.

If you think this is is a multibagger think again....!!

452. NM thanks
450. Sj message 450/452 read so all matter is clear
so on monday do not touch prakash or as per your messange do avoid prakash monday
Both messanges thanks

ONLY 11788 SHARES R THERE FOR AUCTION ON BSE IN PRAKSH STELAGE

450. Sj
very very good predication many many thanks
this site is very good good again thanks thanks thanks

@ New IPO

Opeaarators have shorted heavily in grey market so such short covering is witnessed coz in grey market you have to punch valid trades for clients to make delivery

Suppose i shorted prakash in grey market at 130 befor IPO..Listing

Now at 12 pm on the day of listing the grey market guys havre to punch legal sauda...on nse or bse...

so if you shorted at 130 and prakash would have been 120 by 12 pm you would have been given delivery of sales at 120 and would have earned rs. 10 profit

but since it went crazy many grey market could not punch that legal delivery and more people shorted in open market to protect their short in grey market.

So more than 10 times volume of the size of prakash was witnessed.

Also may be auctions will be executed even on monday even ....but i expect it to be shorted if it goes below tommorow 4-5%.after 12 pm...coz that will indicate that auction wss mostly over on friday.

So i will wait for second half if it starts going down i will short..!!

However i would like to discuss this more with others

Ravi yaar give some views on this...!!

@ Jai saurashtra

Tenshion levanu nathiii....

Carrom khelwanu Juice peewanu Majja ni life chee

Aiyan Gujarati nahi English Hindi chaleche haun....

Gujarati maa dusra chittorgarh kholi liyo Haun...!!

448. sreedhar 47. sreedhar
mess 443 to 446 please give advais us
monday trading kare ya na kare? traday or develivery?

Dear Natarajan,
Read it as Wednesday instead of Monday.

Dear Natarajan,
Still 360 shares left.These shares I held due to payout shortage.Some Unlucky guy had shorted at 120 on Monday.So only after auction I will be getting the delivery of shares.I got message in the morning so holding on to them.On Monday i will get out of Prakash & depending on conditions I will trade.

423. jai saurastra
see my old note Prakash ne sauratraka pani gujaratika pani market me dikhayane all market down 250appo only prakash up cicut mene 23/8 thi messange likha hai
jai sauratra jai gujarat jai prakash jai india
Ab mai kahata hu ke monday or after days prakash se dur rahe this overfol

441. K.K.Natarajan 443. Sj
monday ko auction kab hota hai any time do you know?
action me bse nse market mese share buy karte hai so prakash will be more jup so purchare or short sell?
intraday possible? or duri rahe? please proper guide
i can humble request no more

443. Sj

auction day is Monday. so prakash me short karna chhahia?
monday up up hogane. if up circt contunie so auction will post poned Nisat ma aiya huva tha. please reable coments
this not jok please guide me seriously

Dear K.K.

Nice analysis..!!

Althouhgh I have not blogged for this company

But i will definitely short this Monday morning coz

A) QIB has sold totally

B)Low delivery

C)Huge auction

D) Unjustifiable Valuations :

for a company that was given CRISIL Grade 2. You may argue that crisil ratings do not matter but at least it tells about current scenario accurately.

So if it is not lower circuit on opening on Monday i will short definitely with stop loss.

RAVI would like your technical advice on this one

So plz tell me is shorting advisable...

Waiting for your response or anybodys else's view on this

Prakash Steelage Ltd price really drives me crazy

100% returns for every 110 rs 220 rs returns...

Friends, beware! Today is delivery day for Prakash. I think the spurt in price is due to delivery shortfall. The auction day is Monday. Those who hold can hold with a strict stop loss. Not advisable to enter now. It could go the Aster Silicates way after Monday.

praksh in Upper Circuit 220.95

think this stock is currently priced a bit high so b ready for some correction in this stock.....

1 day 10 hrs 43 min 18 sec ago
ref moneycontrol

Prakash Steelage IPO: 5 QIBs sell entire allotment on day 1 (2 comment)

sebi must restrict this type of trading on 1st day of listing as it misguides the investors and they lost the money by just entering by seeing good volumes.

1 hr 1 min 5 sec ago
ref moneycontrol

Dear Sreedhar,
Have you sold Prakash? Or have you revised your stop loss upwards and keep waiting?

GEM,
So how was your trip.Hope you had lot of fun.Avantha I have not yet taken a look.Not interested in power companies.May look at Orient green & Avantha if retail is given discount & probability of gaining 2K (my minimum target) is present.

The Prakash Steel IPO, listed yesterday is yet another good example of the need for investors to use their gut feelings for making decisions relating to investments in an IPO, rather than allow oneself to be charmingly misled by boarders who keep expressing themselves without let of hindrance, all kinds of opinions on matters relating to IPOs.

I ignored the advice of doomsayers who predicted that the scrip will list below par, and applied for 240 shares, was allotted 60, @ Rs.110/- and sold the entire 60, today, a day after listing, @ Rs.194/- a handsome profit of 76%.

Yes, I have a regret. The doomsayers did influence me to invest only a small amount. I wish I had invested for the maximum 900 shares, as my own gut feeling was urging me to do, which would have got me an allotment of about 240 shares, and the 76% profit would have been that much more in value terms.

The plain truth is that in an IPO you have very little scope or performance track record or other data, to make an objective assessment, and decide objectively, whether, and if so to what extent you should invest. Experts among boarders, are therefore a lot of gas.