@ Sunil. Board Meeting date for Q4 Result of Le Merite is not yet announced by the Company. I hope, they will announced the Date of Meeting by end of this month.
Even through market is green. The stock is going down and down. What should I do. Should I sell it at loss. I'm ready to hold for long term... fundamental good stock but it's still going down
I will not buy LIC on listing day unless it comes less than 850. Le Merite I will add more lots at 70. If Market is going down, we may see Le Merite at 70 levels
357.6. lokes| Link| Bookmark|
May 19, 2022 10:14:05 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@suneel: ABC is not doing good at least, just look at its 6 months chart, it came down continuously and now near to issue price. And here also, i suggested you to book partial profit since u were having 2 lots, in my comment but as u informed later, you missed my comment i think, and next day itself after making high it came down. its always better to book some profit instead of keep holding even when it started going down. We need to kept our emotions sometimes and need to take decision, considering all factors and should book profit/loss also. We can anyways buy at lower price later.
Firstly, many thanks for your good suggestions. I missed it.
This is the lesson learnt from my side. I was very bullish on this stock as everyone was very positive, however bear market has spoiled everything. I didnt see your comment to book profit in 1 lot and from next week stock started moving down and it is at listing price....
It seems circuit filter has changed from 5 to 20%...Hope it gives some big move tomorrow .....My target is 100 Rs, lets see if market is volatile, we shouldn't be greed and book partial profits.
@lokes sir today also it has locked in LC and if Monday also LC applies then it will trade below IPO Price. Do you think it is better to keep SL at issue price or to hold it for longer. (I know you already advised in previous comments but still asking for final suggestion of SL at issue price)
Thanks
355.1. lokes| Link| Bookmark|
May 19, 2022 10:08:26 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@ram: I didn't came here on this page so missed your message and was busy recently after seeing your message in LIC page. This company is good to hold for longer term at this price so it performed also after listing but then due to market conditions from some weak, most people are afraid of new buying and were trying to book profits so it came down. I had sold it at 78 some days back after holding initially, i was having 1 lot. Better always keep some stoploss above issue price to protect profit or better book profits at good levels instead of waiting because in short term, a lot depends on market movement too. Now its already below issue price, and it should come above issue price, but main thing is can't say how much more downside is left here and how long it will take for closing above issue price since again market sentiments will matter for that. Better keep holding now and wait, instead of selling now in fear.
Thank you lokes sir... I will hold it for few months as you said instead of selling it in fear. I understand that company is good and should perform better in future after utilizing the IPO money. Also will book profits at 95-100 levels.
Thanks again for your guidance.
354. Bhav| Link| Bookmark|
May 13, 2022 11:37:29 AM
Top Contributor (400+ Posts, 100+ Likes)
@lokes, @nourul and all other dear members
since we had last discussion about listing price, that thing was nagging me.
So finally i got the chance to talk to a senior stock player in my city, who used to live in mumbai before, now retire but was big player.
According to him operators put high orders at lower price to sell if they want stock to list low and buy order at higher price if they want stock to perform higher. Price at which we put order matters( if quantity is higher), thats how they used to operate stocks up and down.
As clearly we can see today in sonu also buying demand was more than 3-4 times than selling demand but still listed at par because no one put higher price buying order.
So in nutshell according to him order price also matters if you have higher quantity.