Operator continued defying lower circuit with matching orders enticing innocent retail investors to participate for fresh buying. It seems that their plan did not get through. However they attempted many time to take this stock at UC.
Congrats @ARJUN'S EYE . Also, you always make it a point to post the information like symbol, BSE code, ISIN etc on the listing day.. Appreciate it very much..👍👍💐💐
Fellow CG members downside trend started in PESB, now people buying in pre-open along with people holding this stock may enzoy LC wiping out their capital.
109.1. Kapz| Link| Bookmark|
March 15, 2024 10:23:43 AM
IPO Mentor (600+ Posts, 200+ Likes)
No one enjoys LC wiping out capital, everyone tries to maximise the capital to the best of their abilities. Let’s be considerate as we all make mistakes and lose at different points in time. 🙏
@kapz i described my view for innocent investors who are getting trapped and are losing their capital. I am considerate and want to disclose things in the interest of CG members.
Plz mind that sona may generate good returns in medium term than PUNE Estock broking.
107.2. rohiitian| Link| Bookmark|
March 15, 2024 10:22:19 AM
IPO Mentor (800+ Posts, 500+ Likes)
Suppressed listing was good for non-allottees (the majority). Gave chance to enter Shree Karni & Sona at excellent price. Sona Machinery is a good biz, but might have reached the short term top now given valuations.
Better to reach the top in a stable way, rather than shoot past with UCs and then trap new buyers with LCs. Hope that behavior will reduce now.
Thank you @W. Buffett And @Vimal Garodia for your response. I have talked with customer care and they told me that it would show after 10 am and i have to sell by adding in watchlist but it's not showing in watchlist also. I will ask them to place the order on my behalf.
Its sideways market...people were also expecting 90% gain koura diamond. You know the pre open price. Its all about co fundamentals along with present market conditions. In case every sme ipo open with 90% gain, people will become millionaire soon.
103. Kapz| Link| Bookmark|
March 15, 2024 9:41:53 AM
IPO Mentor (600+ Posts, 200+ Likes)
Sound investors should stay away observing present market condition. It is only operators game to trap retail investors. There is found nothing special to invest here comparatively angel broking which is also witnessing slowdown in demat account opening as of date. Further there are very few people who know about it and are having demat account with this firm.