As there is sluggish movement in the index this gives me time to write on various topics going around in our market.
Although i need not give an introduction to what the stock is as it is one of the most discussed stocks
Of late i have stopped getting queries on this stock as the stock is down 50% from the price of 0.60-0.7 paise when it was dumped to people as a stock which would grow 5-10-20 times etc.
Let us look into the stock movement which will give a good idea about the way stock is generally dumped to the dumb retail Investor.
I havent done an exact research but its something like a dud listed company taken over taken from 5-10 paise ( adjusted for split ) to 12 rs and dumped with help of GDR issue then split announcement for hope.
Again float the same story at 0.60-0.70!!. Now will the stock back to the dud value of 0.10 ?
Certain questions which hit my mind is why GDR issue? The project is supposed to be thousands of crores then why is the market cap at less then 250 crores.
Is it the recession which duped the company or company duped others in the bull market…. Time would tell.
But what hits me is that people like to buy a 30-50 paise company in hopes of it turning a multibagger and end up losing 50-70%. Guess what many brokers charge 5 paise brokerage which means 15% is the cost of trading the stock !!! Whoa sitting on a notional loss of 15% right away is sic:)
Yet Again bottomline is there are better places to invest your hard earned money and if you want to gamble then go to a casino at least you will get some entertainment 🙂 Will update more when i do more research.
May 25, 2010
sir who is this “STOXMASTER”?? HE HAS A BLOG NAMED STOXMASTER.BLOGSPOT.COM
May 25, 2010
Hi Kunal,
There are many spammers who are now coming on the blog.
Regards,
Nooresh
May 26, 2010
i tght it ws one of ur colleague or new development or something but ws courious to knw
ne way thnx for informing
May 25, 2010
Investors get attracted and trapped in such stocks. But then there are stocks like JCT Electricals or Birla Power which belong to big groups like Thaper Group and Birla Group, still trading below Rs.3/-. Can these be bought by retail investors? Can you pls throw light on these, if it is possible to you?
May 25, 2010
Hi Asawari,
I consider markets are always supreme and pricing is generally not wrong. Birla Power belongs to Yash Birla group for which the management concerns have always been there. Selecting a stock is on different options available.
Regards,
Nooresh
May 25, 2010
Hi Nooresh,
Kindly help me as i am holding IDBI and Areva in futures at a higher level.I took them as a trading calls but did not keep any stoploss.Should i book losses or roll them over ?
May 25, 2010
Hi Neena,
IDBI and Areva now u need to rollover. Now all stock holding the stoploss is 15900/15600 on closing/intra basis.
Regards,
Nooresh
June 5, 2010
holding resugere mines at higher price.shall i hold or book loss
periasamy t
June 8, 2010
Hi ,
I dont track the stock.
March 29, 2011
hi i am holding fluidomat what to do shall i hold or see
please explain
March 29, 2011
Hi Vijaya,
Its an avoidable stock.
September 22, 2011
Cals Ref.
ke ab kya hoga??
plz tell me
September 26, 2011
Hi manmohan,
If u have sell it and stop worrying
September 24, 2011
hi sir,
i am holding the nifty fut.oct. at 5058 what to do shall i hold or wait ?
September 26, 2011
Hi Ravinder,
Please follow stoplosses when trading. For now the trend is weak but looking at VIX we would like to buy on sharp declines slowly.