Buy Tarapur only at 20-25 with stop loss of 17, look at the profitability and scalability of company, it is not worth beyond 20, i go only wrong if operator does something but fundamentally stock seems very weak
WHEN PRICES CRASH, BUY AND BRING DOWN AVERAGE PURCHASE PRICE
Tarapur Transformers has been a success as for as its IPO is concerned, in the sense, that it was more than fully subscribed.
The market price, however, has crashed to around a little over Rs.50/-, at the close of today, its listing day, against the allotment price of Rs.75/-.
I advise investors, especially retail investors, not to panic and lose money by selling at such heavily discoounted price.
The right thing to do is to buy more stock at the present market prices or lower over the next few days, and with each purchase, bring down the average cost of purchase per share.
While I do not wish to comment on any operators ganging up to bring down the price, I suggest that we should not lose sight of the impact of global events, especially from the Chinese and Eurozone markets, which have depressed prices across the board, the world over. Softtech has been available for Rs.17.1 today, and I bought the same, against the price of Rs.35/- or more, barely a few days ago.
The present time calls for an investor to keep his head cool, not to panic.
Buying and selling in the stock market, is known the world over, to involve risk of losing money at times, and making money at other times. Be it IPO or otherwise. I am against breast beating when some money is lost.
People are speaking on both ways while as conclusion the stock is i operators hand for retail investors one can accumulate the stock for the long run (3 to 6 Months for a target of atleast Rs. 100
Before blaming SEBI, investors have to blame themselves. It is sheer greed that makes them to play in Operators' stock. Operators have not forced to trade anybody in that stock. Even when you trade, you can control your trades- you can cut at anytime. Why one should make big loss when they themselves have perfect control over their trades?
Why public pressure is less for corruption. People tolerating corruption at high levels. Because of same reason, SEBI don't take action or its actions is too late.
Investors need to take responsible for their money. When you take responsibility for your trade, when you can take blame on yourself for your loss, then one will become successful investor.
Short-term trading should be done with stop-loss. Trading without stop-loss is like driving without break. But you should understand that you can control your trades with stop-loss, whatever may be the market volatility.
Trading is number game. Crossing certain numbers is BUY. Similarly, breaching certain number is a SELL. Such volatility makes traders to trade both ways.
Market fluctuations make traders to trade both ways. But you should control your trades with stop-loss. If trading is easy, then people will stop working.
It is hard to cut trades with loss (taking loss is painful job). In case anybody has such sentiments, then they should avoid trading.
manish, everyone knows this, operators shorting heavily. the volumes are 12 times the freefloat. everyone is involved,. avoid such scrips in trading. check my prev msg 64.
HEY GUYS PLEASE SEE MY POST / HOWEVER THERE IS A CORRECTION i.e. STOCK SHOULD NOT MOVE TO 150 /- RS. IT IS MOVING TOWARDS 10-15 RS. AS EARLY AS POSSIBLE
45. Mundpati Cengala Venki Vankata Ramachandra Surthy May 14, 2010 9:49:16 PM IST Report Spam Tarapur Should List at around 90 Rs. & move upto 150/- Rs. within 1 month .. However one year target is 10-15 Rs. yes my dear friend's only Ten to Fifteen Rs ./ Remember my earlier posts where I predict Synncom & Texmo Pipe one year target 10-15 Rs. At that time both are Trading around 150 Rs. Now both are at 47-48 Rs.
What is SEBI doing. Even a fool can see that this scrip was manipulated by operators. SEBI, you won't find an easier case than this to prove market manipulation. NOW PLS DO SOMETHING.
Ravi, One request to you.Please refrain from posting technical analysis for such rubbish issues.It is extremely dangerous to trade such stocks & can cut the trader both ways.
Fiascos like this IPO only show that SEBI or no SEBI ,things don't change Indian equity market.The SEBI is dead , long live the SEBI. After all some people are getting employed & are enjoying the perks that go with SEBI-jobs!To hell with the hapless investors- their bad luck.