IFCI :: from a multi bagger to a complete disaster
- Thread starter jrfab
- Start date
Guys the damage has been done ,,, do not panic ,,, strange things have happened in the past and we all know how these people function ,,, the process might get revived in the future or some compromise might be reached ,,,, in any case 65 seems to be a bottom ,,, so my advice wld be ::
Any rate above Rs 85 ,,, exit
Otherwise hold on for some time
Any rate above Rs 85 ,,, exit
Otherwise hold on for some time
Averaging down for a loosing trade is not at all good idea but we can derive a strategy with a minimum loss.
Pick a strategy either going on Long or Short.. A fall is 20 to 30% is completely accepted when a scrip is rose by 300% times.. Completely acceptable..
Adding new position at near seventies with 70 as SL after a big fall. Once SL is broken reverse the trade.
(Or) Wait and watch till it pull back enough to minimize the loss.
I am holding IFCI, first time I am really not in panic.. Its part of experience.. Enjoy every part of the trade
Raj
Pick a strategy either going on Long or Short.. A fall is 20 to 30% is completely accepted when a scrip is rose by 300% times.. Completely acceptable..
Adding new position at near seventies with 70 as SL after a big fall. Once SL is broken reverse the trade.
(Or) Wait and watch till it pull back enough to minimize the loss.
I am holding IFCI, first time I am really not in panic.. Its part of experience.. Enjoy every part of the trade
Raj
Hi Guys ,,,, some very dissapointing and heartbreaking news came in the evening ,,,, IFCI has rejected the offer made by Sterlite - MS and has called off the process of stake sale ,,, the Company is no longer interested in selling the 26 % stake and has ruled out any possibilities of a rebid.
The most dissapointing aspect is that after there being clear announcements that the deal would be clinched by today evening and the price fixed at ard 107 - 110 :: there was a complete U TURN from IFCI and this will definitely not go down well with the investor community.
This entire process raises quetion marks about the credibility of the company and the parties involved as they had built huge expectations around this event and the stock has risen 10 times in the last 8 months from 8 -10 levels to 115 levels ,,,,,
The most horrifying aspect of this is that IFCI has an open interest position of more than 9 crore shares in the futures market as per todays closing ,,,, indications from the grey market suggest that there are people ready to sell this stock at RS 75 but there are no buyers ,,,, optimistically assuming that IFCI opens in a best case scenario at around 70 -75 tomm ,it would result in a loss of RS 30 on a lot size of 7875 shares ,,, that comes to more than Rs 200000 per contract for people who are on the long side in futures on this stock
In addition to this many retail investors who felt that the strategic investor would come in at 107 -110 had bought this stock in cash market hoping for good returns on their investment in months to come ,,, they would have pretty much lost 40 -50 % of their capital by tomm evening ,,,,
I am not writing this because I am an investor in IFCI ,,, I used to hold IFCI but I had exited at RS 50 ,,,, The reason Im writing this is that there has to be something done to stop these malpractices and investors have to be more cautious and aware about the facts ,,,, first it was RPL which shot up to 295 and then down to 190 , later it was revealed that the promoters had sold 4 % of the equity ,,,, SEBI was said to be doing an inquiry and with time the issue has been suppressed because there are very big parties involved ,,, similar was the case with essar steel and so on ,,,,,
People have to be aware of the facts of each case and then take a fundamental call , not to get carried away with stary targets and keep booking profits at every level ,,,, In this case though the responsibility has to fall squarely on the parties involved in the entire process ,,,,, they have made a mockery of the public and the entire system ,,,, tommorow there will be lots of people who would have lost lakhs of rupees and their only fault would be that they trusted the statements released in the morning which said that the deal would be done by evening and the price had been fixed ,,,,
I hope peole read this article ,, I hope people understand that even though greed will always be a driver for all decisions in this market but every person has to assess his own risk taking capabilities and accordingly take a call ,,,, one shouldnt risk his peace of mind and his families safety just to make a quick buck .
Please post your replies and your opinions about this entire sham ,,, If you feel this article made a small difference in any which way then please post a small reply ,,, thnx
The most dissapointing aspect is that after there being clear announcements that the deal would be clinched by today evening and the price fixed at ard 107 - 110 :: there was a complete U TURN from IFCI and this will definitely not go down well with the investor community.
This entire process raises quetion marks about the credibility of the company and the parties involved as they had built huge expectations around this event and the stock has risen 10 times in the last 8 months from 8 -10 levels to 115 levels ,,,,,
The most horrifying aspect of this is that IFCI has an open interest position of more than 9 crore shares in the futures market as per todays closing ,,,, indications from the grey market suggest that there are people ready to sell this stock at RS 75 but there are no buyers ,,,, optimistically assuming that IFCI opens in a best case scenario at around 70 -75 tomm ,it would result in a loss of RS 30 on a lot size of 7875 shares ,,, that comes to more than Rs 200000 per contract for people who are on the long side in futures on this stock
In addition to this many retail investors who felt that the strategic investor would come in at 107 -110 had bought this stock in cash market hoping for good returns on their investment in months to come ,,, they would have pretty much lost 40 -50 % of their capital by tomm evening ,,,,
I am not writing this because I am an investor in IFCI ,,, I used to hold IFCI but I had exited at RS 50 ,,,, The reason Im writing this is that there has to be something done to stop these malpractices and investors have to be more cautious and aware about the facts ,,,, first it was RPL which shot up to 295 and then down to 190 , later it was revealed that the promoters had sold 4 % of the equity ,,,, SEBI was said to be doing an inquiry and with time the issue has been suppressed because there are very big parties involved ,,, similar was the case with essar steel and so on ,,,,,
People have to be aware of the facts of each case and then take a fundamental call , not to get carried away with stary targets and keep booking profits at every level ,,,, In this case though the responsibility has to fall squarely on the parties involved in the entire process ,,,,, they have made a mockery of the public and the entire system ,,,, tommorow there will be lots of people who would have lost lakhs of rupees and their only fault would be that they trusted the statements released in the morning which said that the deal would be done by evening and the price had been fixed ,,,,
I hope peole read this article ,, I hope people understand that even though greed will always be a driver for all decisions in this market but every person has to assess his own risk taking capabilities and accordingly take a call ,,,, one shouldnt risk his peace of mind and his families safety just to make a quick buck .
Please post your replies and your opinions about this entire sham ,,, If you feel this article made a small difference in any which way then please post a small reply ,,, thnx
and its not that derivative player only loose. ppl who were short earned 200K overnight.
Investors in IFCI have got a real hard jolt today but i dont think it would be advisable to sell your holdings today, IFCI is still in a bull phase and this kind of a jerk has only transfered the stock from weaker hands to stronger hands that may infact prove to be good thing for IFCI.
Averaging down would not be advisable nor would be shorting IFCI at this level, IFCI has a real strong support at 68 so keep 67 as a stoploss and keep on holding.
Even i am holding IFCI and i am not been panicked by this fall.My gut feeling tells me that there would be a good news coming in next 2 days which will squeeze the bears.
Lets wait and watch
Averaging down would not be advisable nor would be shorting IFCI at this level, IFCI has a real strong support at 68 so keep 67 as a stoploss and keep on holding.
Even i am holding IFCI and i am not been panicked by this fall.My gut feeling tells me that there would be a good news coming in next 2 days which will squeeze the bears.
Lets wait and watch
Well I dont have a problem even if IFCI rockets to 200 ,,, I made my money and dont care where the stock heads from here ,,,, The real issue here is that the entire process has been such a sham ,,, yeter morn there was a statement that the deal would be clinched by evening and also there was a price given ,,,, the fact that MS _ Sterlite had raised issues abt management control had not been stated at all
,,,, that is the real issue ,,,, suppresing facts and then disclosing at their own convenience just to trap the unknowing investors and traders So I wld suggest u to first understand the gist of it and then see the whole thing ,,,,Lack of transparency and manipulation is what has marked the entire process and as I wrote earlier I wouldnt be surprised at all if the MNGMT did a complete U TURN and sd the process is still on ,,,, so guys wish u luck with ur invts and hope it gets to 200
Hi Everybody,
What you think should be the IFCI trend from here on, do you think that it will be a good idea to buy at dips may be today and t'row while it is about 22% down? Considering an investment vision of about 6 to 8 months?
Do you think the target we discussed of IFCI about 150 Rs is likely to be on the cards in near future?
I will appreciate your detailed views on this counter.
Thanks & awaiting for your reply.
What you think should be the IFCI trend from here on, do you think that it will be a good idea to buy at dips may be today and t'row while it is about 22% down? Considering an investment vision of about 6 to 8 months?
Do you think the target we discussed of IFCI about 150 Rs is likely to be on the cards in near future?
I will appreciate your detailed views on this counter.
Thanks & awaiting for your reply.
If you look at the entire IFCI chart there is a bear phase for 6yrs continously and sluggish sideway movement for another 6yrs. Only this year it rose around 300% or 10times nearly.
As per as picking up below 22% down is not a bad idea but averaging down is bad idea.. once u pick it then put a stop when it goes below come out of the scrip rather than averaging for years..
As per trend is concerned clearly out in daily charts.. in weekly charts its still intact as long as it does not breaks 70 for timebeing (precisely to be 66). Now the chart went messy with a black candle
I wouldn't call a multibagger to the complete disaster. Enjoy it whatever be..
As per as picking up below 22% down is not a bad idea but averaging down is bad idea.. once u pick it then put a stop when it goes below come out of the scrip rather than averaging for years..
As per trend is concerned clearly out in daily charts.. in weekly charts its still intact as long as it does not breaks 70 for timebeing (precisely to be 66). Now the chart went messy with a black candle
I wouldn't call a multibagger to the complete disaster. Enjoy it whatever be..
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