322. Ou Ai| Link| Bookmark|
February 10, 2016 1:45:31 PM
Top Contributor (300+ Posts, 300+ Likes)
China, Hong kong, Korea markets are closed. Still European & US markets are going down every day. The latest report says exports from US & Europe are down last two months resulting on lower outputs. The exports are down becaof lesser demand in China! And if China doe snot pick up many banks that have financed these US & European companies are in trouble. So , it is not just China was supplying , it was also buying in trillions from these countries. Thus, China can manage its overcapacity by propping up domestic consumption from its 1.3 billion people. Same is not true of other developed countries.
Stock market will go up from tomm. I think by today all selling is over. Ao one ahd start buyung from secondary market now. As US and Europe have now atabilised. I am disappointed that recent ipo have come up with auch expensive valuation. Please stay away from.primary market for now. Why is sebi not coming with strict regulation. Can any ipo come up and price above 50 pe. Retailers boycott any new ipo. As I said before it is taking out liquidity and will cadownfall of both primary and secondary market.
Even QB are so careful, dont have faith Only 1.1 x. after 2 pm
I followed Eagle eye advise and looked for this data.
According to this data, if QB are so careful, why not the retailers be more careful
I am not at all encouraged. Further market mood is bad. Donno technicals, but common sense saying no. Better to do over time or concentrate on something else to make up for this day-dreaming profit.
Even if it subscribes 10-20 times it will list at discount.remember now allitmet is done in 5 days so wont build any premium as interest if money wont be much. I think sebi has done wrong both with asba as well as the quality of stocks coming up. Stay away from ipo market for now