Precision Camshafts Ltd IPO Message Board (Page 3)

Run away. This stock looks toxic. RII should wait until 2 PM on day 3 before applying for an IPO. If they had in this case, they would have saved some money.

If you were looking for listing gains while investing or short term gain then please sell PCL quickly. Otherwise, keep invested if you are looking for gains in long term.

Friends everyone would agree that we r in this market to make money. Now a few important rules to follow
1) Always look for fundamentals of company and total income, PE and profits of last 5 yrs.
2) PE ratio should be below 30.
3) Company vision and future growth prospects.
4) Interest in the market for the IPO.
5) What is the QIB n NII subscription levels. Never go on RII subscription as they r always easily mislead and most dont know whats head n tail of the issue.
6) If in doubt, wait till last day to see QIB and NII subscription. QIBs also should not be taken seriously as its not their money. NIIs are the smart ones. Wait till last day to clear your doubts to apply or not seeing NII subscription.

Golden Rule-
a) If u have invested for listing gain then hold for 2/3 days if the price is in positive zone.
b) If the price is in negative zone then do nat take more than 10% loss. Exit.
c) If u find the cost going down n u r there for the long haul then buy more and average.
d) Never blame anyone. No one forces ur mind and hands to invest. Always take responsibility for ur decisions to invest or not to invest.

Coming to PCL-
Seeing the fundamentals of the company, I had decided to invest but sixth sense told me to hold till last day to see QIB n NII subscription. I was very very positive for this company. However, when I saw the NII not subscribing, I stopped and didnt subscribe. Mind u till the last day the GMP was positive. N see the results. U have to be flexible in the share market and one should be pragmatic enough to realise that if the things are not as desired then always listen to ur sixth sense and avoid applying. Similarly, incase of Teamlease, the company was highly overvalued but was good for listing gains and short term. I had no intention of applying but seeing the enthusiasm of NIIs I also applied at the last moment. The company is still to list but I hope the decision pays off if I am allotted shares. I would not blame any one nor would I take any credit for any sort of success or failure. However, there are some boarders who have nothing else to do but to mislead others, make fun of others and try to put others down. They will always try to show that they said so and they were correct. However, no one is expert. Its always a learning phase. Mistakes are part of learning. Learn instead of blaming others.

Rajeev,
Very Profound !!
... _/\_

Rajiv... well said.....