Precision Metaliks Limited IPO Message Board (Page 2)

Hello everyone, just a theory that i wanted to share, please correct me if i am wrong.

From the time of its listing, the share price was on constant LC's till today. I checked that the total volume that was Traded/delivered today was more than the total volume traded till yesterday from the time of listing(9 lakh+ vs 7.3lakh till yesterday).
I feel the operators did their work nicely by removing most of the weak hands from this share & have bought most of the shares for themselves at IPO price or lower today.
I feel that from tomorrow onwards, we can see constant UC's for quite sometime in the share price, with a hope that it might break its last high of 75.

Any thoughts/suggestion on the above theory are most welcome.

P.S.- i am holding one lot from the IPO & hoping for my theory to be correct.

@ Nisha .. No official declaration yet.. patience is the only key here.
Gud thing is its showed some strength when market is falling.

@noorul...I agree it seems to be having resistance around 55 and support around 53...hovering range 53 to 60 is good time to wait and watch as long as it is not going below IPO price

on which exact date result will be?

premium nil

holding tight...think it will move up again but the buy volumes are not very encouraging...agree?

Number of shares traded till date is highest on a day when LC is converted to UC, what's the number in your mind to meet "encouraging" term !!

What I meant that there were not many buyers at UC price of Rs 55.05...and i didn't felt that is encouraging.

PS: Still holding my 3 lots...

4 Lots alloted sold one lot at 71. Today bought one at 55

TODAY IS RESULT OF PRECISION

NOW IT MOVE UP

How u come to know today is the result.

UC

UC finally. No harm in holding this stock for next 3 - 4 months

operator game over its on uc.

Any chance we can come out safely at no profit no loss

I bought it at the listing price - around 71. I am at huge loss. I am still holding on to it. I intend to remain invested for at least 3 to 5 years unless any unexpected situation or news brings in a deeply red bear market.

@Noorul @Joseph RR sirs...thanks for view....finally seeing some light at the end of the tunnel and a ray of hope visible

seems like it will gonna us today

UC*

Finally LC break

The behaviour of this stock going continuous LC may impact other recently listed sme ipo stocks also. sellers pls put your sell orders on UC rather than LC. serious buyers who intent to buy can still buy at UC at this price, except the operator who is playing big here by sucking all your profits and happily taking it downwards by buying 1, 2 lots each day.

Something is wrong in the financials, other wise it should have broken LC by now. Really bad that from 75 it came to IPO price.

This is bogus company and its proved by almighty market and of course forgot to mention all the mentors are very helpful but living in the dream world
Actually company hided something which we all failed to decipher
Bad luck

Had I not faced a technical glitch at ICICIDirect on the morning of listing day, would have definitely sold 1 lot @ 75 as done by many members.
And we all know SME is a sort of gamble and is too risky...

what is the subcreption of moil of buy back

Why this stock is not moving up? Having said that this stock is fundamentally good. But market shows the reality that this stock is NOT even worth 51/- issue price.

Book value is 18. 67 (As per Moneycontrol). This stock is hitting LC everyday. How one can sell unless there is a demand for the stock?

It is just operator play. They want to get shares cheap. I guess tomorrow it should break lower circuit and start upper circuit trend.

@nirmal I thought the same

Exactly i think this LC will stop below 40
This kind of thing only suggest that company is not good one

40 is the fair price for this stock

Sell Sell Sell bcoz day by day LC hi lag rahi hai jo bhi profit mile +apna CAPITAL bachake nikal jao warna IPO price k niche gaya to CAPITAL+ profit dono ka loss hoga.

co buisness better than bew