I agree with Lina. No one has been able to give any explanation for so much fall of this scrip. This can happen in stock markets but finally every scrip has to move towards its real worth (and actually overshoot it in the bull cycle). There is no evidence (not even rumour as what exactly has been manipulated by the promotors), hence it looks like bears are just hammering this scrip and once they are done with it, the scrip should move up very fast (...a few upper circuits consecutively). I am in favour of holding on to it and wait for the tide to reverse. It has potential to exceed the IPO price within 2010.
nobody expected this stock to fall below 120...but selling at this price is a big mistake...hold your patience...it will bounce 2-3 fold once stable and at that time you wont be dared to enter again as it will go against your sentiments...wait for this free fall to stop....after all ifci, bankars, benette, tusiayn are not so dumb that they are interested in this stock...why them...investors must have done their study before entering this stock...let the sanity prevail in this stock...you can see why talawalkar went up..it is all traders game...why telco was down to 100..why sel manufacture reached 800 before falling to 50...bears apetite sure to subside any time as they have extracted enough from this stock...my dear friends dont sell at this price...u already have seen ur investment down by 50 percent...this is the time when unexpected statrs happening as it happended in many good stocks
People see what happened to Anil's recommendation given yesterday,
STRATEGY FOR TOMMORROW. HOLD SHORTS FROM 122 IN SHREE GANESH JEWELLERY NEXT DOWNSIDE TO 105 RS. -> but Closed at 117.80 and never went below 117 SHORT UNITECH AT 77 TARGET OF 73 AND THEN TO 69 RS -> but Closed at 77.65 and never went below 76.40 SHORT HINDALCO AT 169 TARGET OF 161 AND THEN 154 -> but Closed at 170 and never went below 167
STOCKS TO BE BOUGHT BUY UNITED BANK AT 80.30 TARGET OF 105 AND THEN 140 -> closed at 80.20 BUY IL&FS TRASNPORT AT 278 TARGET OF 320 AND THE HEAD TOWARDS 415 -> closed at 176.85 BUY COX AND KINGS AT 468 TARGET OF 501 AND THEN TO 545 -> closed at 479 BUY ADANI POWER AT 121.50 TARGET OF 145 AND THEN TO 185 -> closed at 120.15 BUY POWERGRID AT 106 TARGET OF 128 AND THEN TO 175 -> closed at 106.45
COULD NEVER IMAGINE SGJHL MANAGEMENT WILL BE SO UNCONCERNED ABOUT IPO SHAREHOLDERS IT APPEARS THEY HAVE MERRILY COLLECTED RS.260/- FROM GENERAL PUBLIC AND NOW LEAST BOTHERED AND WHY SHOULD THEY ????? AFTER ALL IPO INVESTORS ARE ...... AND WERE .....
There is no doubt there is a big scam either in valuations or beating down the stock. People like SP Tulsian were vociferous in recommending this stock.
These kind of IPOs are disastorus for innocent retail investors.
I dont understand when every one is confirmed that tomorow it will touch new low of 113-114 as trend is for last one month, then too brave people today purchase at 122 then 118, and now too around 117.
Lina/Rakesh from your message i come to know you are not 1 but same person only . everybody will now know that. they have similar thinking and Rakesh proved that by asking calculative method same way as Lina messages shows.
my dear for u same person Lina/Rakesh till now most Indians would but only Titan watch as its a big brand . shree ganesh jewellery is a phokat company. pleaSE check the company business model before comparing Titan and Shree Ganesh Jewellery.
You are fooling urself here and all answers to you would be provided after 1 month itself and you will vanish then.
for your information i am here to earn money in short term and not wait for 15 years.the fact is you are a looser because you lost money in this company and I am a winner because i made money doing short in this scrip.
you can wait for 15 years to see which way the company goes Titan way or Vishal Retail/Dhanus Technology way.
Anil it is a pity that you are not understanding the point at all...anyways...just for your information...Titan started trading at about 150 touch Rs.38 and was oscilating between 38 to 90 from year 2002 start till 2005 end ...finally to break out...that time they were not having more than 6 outlets.....this is what sentiment does to particular share...its current price is 2200
We just want to know how you have calulated that it will fall to Rs.80 and not to Rs.8 or go not to go upward to Rs.180. If you have any reasoning based on the facts and figures then reply. I am not telling that it may not go to Rs.80. But such price is not justified based on its figure and available information.
STRATEGY FOR TOMMORROW. HOLD SHORTS FROM 122 IN SHREE GANESH JEWELLERY NEXT DOWNSIDE TO 105 RS. SHORT UNITECH AT 77 TARGET OF 73 AND THEN TO 69 RS SHORT HINDALCO AT 169 TARGET OF 161 AND THEN 154
STOCKS TO BE BOUGHT BUY UNITED BANK AT 80.30 TARGET OF 105 AND THEN 140
BUY IL&FS TRASNPORT AT 278 TARGET OF 320 AND THE HEAD TOWARDS 415
BUY COX AND KINGS AT 468 TARGET OF 501 AND THEN TO 545 BUY ADANI POWER AT 121.50 TARGET OF 145 AND THEN TO 185 BUY POWERGRID AT 106 TARGET OF 128 AND THEN TO 175