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  #81  
Old 25th May 2011, 09:31 AM
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Originally Posted by magnet View Post
HDFC is dumbo big time. It still says I don't hold the shares.
I don't think anyone has got the shares till now. The shares will be credited today evening.
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  #82  
Old 25th May 2011, 09:39 AM
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No credit yet. My broker is advising against selling through without credit although I can do so. The stock is holding 200 though so would only like to sell if it hits 195 (again) or then wait for a 250.

What do you guys suggest?
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  #83  
Old 25th May 2011, 09:42 AM
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Originally Posted by Opportunist View Post
Can I sell the shares from a different demat and then give the delivery from another demat?

In my case : Sell from Zerodha trading account (IL&FS demat), then give delivery from Sharekhan demat once they are credited?

If yes, how do I give the delivery?
Theoretically, you can do that.

I am not sure how Zerodha's settlement process works and so I can't say whether you will be able to do it or not.

Whenever I sell shares that I don't have, Kotak Securities asks me to transfer the shares to my demat account before 10:50 AM on T+2 day (settlement day).

If I am able to transfer the shares before 10:50 AM, Kotak Securities takes those shares and delivers them to the exchange.

1. The deadline may be different for IL&FS.

2. Also if you transfer online, it may take a day for the shares to the credited to the IL&FS account. The transfer time depends on how fast Sharekhan's DP services are.

If you are unsure about 1 and 2, I suggest you don't sell the shares today.

Wait till tomorrow.

In my opinion, most NII and QIB applicants who wanted to sell, have already sold in the market.

Tomorrow, most of the supply will come from the retail investors and most probably the market will absorb that easily.
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  #84  
Old 25th May 2011, 09:48 AM
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Quote:
Originally Posted by Alchemist View Post

Wait till tomorrow.

In my opinion, most NII and QIB applicants who wanted to sell, have already sold in the market.

Tomorrow, most of the supply will come from the retail investors and most probably the market will absorb that easily.
I feel the same as already more than 85 lakhs shares transaction done on both BSE and NSE.
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  #85  
Old 25th May 2011, 09:59 AM
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Quote:
Originally Posted by magnet View Post
I feel the same as already more than 85 lakhs shares transaction done on both BSE and NSE.
The FPO was for 2296 lac shares. .
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  #86  
Old 25th May 2011, 10:14 AM
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Originally Posted by Alchemist View Post
The FPO was for 2296 lac shares. .
On NSE I see almost 23 crore shares for the fpo and if BSE too with same numbers I feel it will be 46 crores or is it 23 crores all together?

Anyways my point was yesterday I feel the overall share traded were around 30 -40 lacs. And day before yesterday even lower somewhere less than 10-12 lacs. Hence I feel all the NII and QIB who wanted to exit with listing gain has already done the same. Now more than 1.1 crore share transactions done.

If tomorrow say retailers shares come into market I don't feel more than half will sell for just listing gain hence i don't see much downside and sure shot 3% return at-least in worst case.
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  #87  
Old 25th May 2011, 10:43 AM
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Originally Posted by magnet View Post
On NSE I see almost 23 crore shares for the fpo and if BSE too with same numbers I feel it will be 46 crores or is it 23 crores all together?
22.96 crore shares was the total FPO size.

IPO/FPO shares aren't sold via stock exchanges. The exchanges only collect the bids.

Thus, it's not that 23 crore shares were sold on the NSE and 23 crore shares were sold on the BSE.
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  #88  
Old 25th May 2011, 10:55 AM
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Quote:
Originally Posted by Alchemist View Post
22.96 crore shares was the total FPO size.

IPO/FPO shares aren't sold via stock exchanges. The exchanges only collect the bids.

Thus, it's not that 23 crore shares were sold on the NSE and 23 crore shares were sold on the BSE.
I meant when I saw the Pfc fpo structure on nse I found 23 crore shares. So is this figure including bse or bse too had same size structure and total 46 crore shares were there to grab for FPO.
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  #89  
Old 25th May 2011, 10:55 AM
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Quote:
Originally Posted by Alchemist View Post
In my opinion, most NII and QIB applicants who wanted to sell, have already sold in the market.

Tomorrow, most of the supply will come from the retail investors and most probably the market will absorb that easily.
Alchemist, What are the short-medium term views for PFC?

Would it make sense to wait for a better price to sell the FPO shares?
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  #90  
Old 25th May 2011, 02:20 PM
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Amount is deducted for 500 + 400 + 357 + 300.
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  #91  
Old 25th May 2011, 05:08 PM
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Quote:
Originally Posted by magnet View Post
I meant when I saw the Pfc fpo structure on nse I found 23 crore shares. So is this figure including bse or bse too had same size structure and total 46 crore shares were there to grab for FPO.
23 crore shares was the total issue size.

BSE and NSE sites always show the total issue size.

Quote:
Originally Posted by Opportunist View Post
Would it make sense to wait for a better price to sell the FPO shares?
That depends on your holding power.

The market looks weak and PFC may go below retail price in the next few days or weeks.

You must have got half the shares that they applied for.

If you won't like to see a notional loss in such a big position, I suggest you exit at the first opportunity.

A long-term investor, with sufficient holding power can hold the shares for a better price.
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  #92  
Old 25th May 2011, 10:13 PM
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The karvy allotment site looks horrible.

One need to put all details from start to end applied price,nsdl or cdsl etc. Earlier only application number was enough to know shares allotted.
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  #93  
Old 25th May 2011, 11:32 PM
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Any updates on the credit? No credit yet in my CDSL account and no SMS either.
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  #94  
Old 26th May 2011, 01:32 AM
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Quote:
Originally Posted by entee View Post
Any updates on the credit? No credit yet in my CDSL account and no SMS either.
No Credit till now. I am planning to see my shares tomorrow. I think it is safe enough as I need to give delivery on Monday.

But I need to deposit the margin money to sell the shares. Need to check how much margin is required.
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  #95  
Old 26th May 2011, 08:26 AM
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Originally Posted by rajivka View Post
No Credit till now. I am planning to see my shares tomorrow. I think it is safe enough as I need to give delivery on Monday.
Shares have not been credited till now.

If your broker allows you to sell the shares, it is safe to sell the shares now

There is 99.9% probability that the shares will be credited by Saturday evening.

All FPO applicants who sold on Tuesday will have to face an auction today. .
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  #96  
Old 26th May 2011, 11:38 AM
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Quote:
Originally Posted by Alchemist View Post
Shares have not been credited till now.

If your broker allows you to sell the shares, it is safe to sell the shares now

There is 99.9% probability that the shares will be credited by Saturday evening.

All FPO applicants who sold on Tuesday will have to face an auction today. .
I am able to sell using Sharekhan but the price is not favourable.

Considering that I lost Rs 2400 in options (I had purchased CE-210 for PFC which does not have any value left now) and brokerage, I will be in loss if I sell my shares now.

I want to sell above Rs 200.
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  #97  
Old 26th May 2011, 11:52 AM
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Quote:
Originally Posted by magnet View Post
The karvy allotment site looks horrible.

One need to put all details from start to end applied price,nsdl or cdsl etc. Earlier only application number was enough to know shares allotted.
Yes, looks like Karvy has messed up their "Application Number" query piece. Instead, use the PAN Query which just takes the PAN# alone and shows your allotment status.
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  #98  
Old 26th May 2011, 12:10 PM
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Originally Posted by balajis View Post
Yes, looks like Karvy has messed up their "Application Number" query piece. Instead, use the PAN Query which just takes the PAN# alone and shows your allotment status.
Thanks found the allotment from final account 43 out of 84 applied allotted.

Anyways too much negative the stock have turned.
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  #99  
Old 26th May 2011, 01:14 PM
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Question Still not in the account

Shares are not in the account yet. I will wait till the credit as price is not good to sell.

By the way, why is it taking so much long time for credit? No issue had such a long gap between allotment and credit.
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  #100  
Old 26th May 2011, 02:00 PM
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Originally Posted by jay_trading View Post
Shares are not in the account yet. I will wait till the credit as price is not good to sell.

By the way, why is it taking so much long time for credit? No issue had such a long gap between allotment and credit.
Looks like Karvey and PFC together are allowing big traders to escape and PFC operator driving prices down so when retail allotment comes to our account we just think itís not worth selling! This might be the reason allotment is taking long time. This is why it is always good to know insiders sitting at Dalal Street.
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  #101  
Old 26th May 2011, 02:35 PM
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Over 39 lac shares were not delivered today and all will be auctioned.

NSE - 3053337 (Out of 3285224).
BSE - 906227 (Out of 988248).

If the shares are not credited today, tomorrow's auction quantity will be even larger.

NSE's auction list.

BSE's auction list.
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  #102  
Old 26th May 2011, 05:09 PM
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I got shares in my demat account just now.
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  #103  
Old 26th May 2011, 05:33 PM
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I got an SMS from NSDL that the shares have been credited, but I don't see them in my demat account (ICICIDirect).

The account should get updated by tomorrow morning.
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  #104  
Old 26th May 2011, 06:12 PM
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Quote:
Originally Posted by Alchemist View Post
I got an SMS from NSDL that the shares have been credited, but I don't see them in my demat account (ICICIDirect).

The account should get updated by tomorrow morning.
Even I got the sms. Good thing is it didn't went below FPO price today.

Anyways what are you guys planning to do sell at whatsoever profit or holding?

Last edited by magnet : 26th May 2011 at 06:18 PM.
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  #105  
Old 26th May 2011, 07:50 PM
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Originally Posted by magnet View Post
Even I got the sms. Good thing is it didn't went below FPO price today.

Anyways what are you guys planning to do sell at whatsoever profit or holding?
I will sell if I get a minimum of Rs 200 per share.
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  #106  
Old 26th May 2011, 11:37 PM
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Shares credited. Let's see the response tomorrow before selling.
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  #107  
Old 27th May 2011, 09:27 AM
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Shares did got credited. Was able to place order. But what's the point share trading almost at 193-195 levels and have placed order at 205 levels?
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  #108  
Old 27th May 2011, 09:52 AM
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Originally Posted by magnet View Post
Shares did got credited. Was able to place order. But what's the point share trading almost at 193-195 levels and have placed order at 205 levels?
It may be some time before PFC can bounce back.

This was exactly the reason why I had said that those who don't have long-term holding power shouldn't apply for the FPO.
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  #109  
Old 27th May 2011, 09:59 AM
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Originally Posted by Alchemist View Post
It may be some time before PFC can bounce back.

This was exactly the reason why I had said that those who don't have long-term holding power shouldn't apply for the FPO.
To be frank I think we retail people were cheated to some extent.If old shareholders or the company would had gone on selling spree then the day when the fpo closed it should have fallen to today's level.

But on contrary it went higher and higher up to 220 levels.

Now when the big fish got their shares as obvious 1-2% returns too is big stuff for the big traders and they got the opportunity first. The last 2 trading session did the damage.

If the market remain at 18000 level I am sure we will get our price easily. But I was too much positive it won't fall below 200 levels and I am shocked at my own analysis that's making me feel bad.
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  #110  
Old 27th May 2011, 10:24 AM
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Originally Posted by magnet View Post
Now when the big fish got their shares as obvious 1-2% returns too is big stuff for the big traders and they got the opportunity first. The last 2 trading session did the damage.
Well, many big investors who sold on Tuesday also lost a lot on money.

They had to pay the auction bills and also had to (or will have to) sell their shares again.

Beyond a point, I think an investor/trader shouldn't blame others for his losses.

Those who blame others every time, overlook their own mistakes and thus stop learning.

I have lost money in stocks like Pyramid Saimira for no apparent fault of mine. However, in the hindsight, I blame myself more for putting my money in such stocks than blaming Kotecha or Saminathan.

Markets will do what they want to do. We can't control the markets.

All we can do is control our decisions.


Betting on short-term price movements is equivalent of gambling.

Short-term prices movements are dependent only on supply and demand for the stocks. Fundamentals have little role in short-term price fluctuations.

I did not want to bet on the short-term price movements of PFC and so I decided not to apply from my own account or my dad's account.

For my brother, 500 shares of PFC isn't much to worry about and he can hold the shares till he gets a decent profit from these shares.

In my opinion, those who are still holding the shares need not worry much.

I think the stock price will go above 205 in the next 5-10 trading sessions.

Disclaimer: I may be wrong. If I was so very sure about PFC's price movements, I would have bought the shares in the cash market.
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  #111  
Old 27th May 2011, 10:32 AM
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Thanks for your view. Will help in future to be more careful.

But what I am unable to understand now is:

Big investors got the shares in their account.They sold it yesterday. Then how come auction and lost to them occurred.

Is it related to derivative market or short selling?
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  #112  
Old 27th May 2011, 11:34 AM
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Originally Posted by magnet View Post
Thanks for your view. Will help in future to be more careful.

But what I am unable to understand now is:

Big investors got the shares in their account.They sold it yesterday. Then how come auction and lost to them occurred.

Is it related to derivative market or short selling?
Those who sold on Tuesday lost their money. But those who sold on Wednesday or Thursday are safe.

If your broker allows, you could have sold it on Wednesday.
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  #113  
Old 27th May 2011, 12:06 PM
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Quote:
Originally Posted by rajivka View Post
Those who sold on Tuesday lost their money. But those who sold on Wednesday or Thursday are safe.

If your broker allows, you could have sold it on Wednesday.
But how they lost it. I guess it never went below FPO price.
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  #114  
Old 27th May 2011, 12:15 PM
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But how they lost it. I guess it never went below FPO price.
If they sold on Tuesday, they sold around 203.

They were not able to deliver the shares on Thursday.

The shares were bought in auction at a high price (210+). That's a Rs 7 loss per share.

This morning they got the shares. Today PFC has not crossed 200.

The price for HNI applicants was 203. Thus, if they sell now at 199, they will lose another Rs 4 per share besides the Rs 7 they lost because of the short delivery.
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  #115  
Old 27th May 2011, 12:16 PM
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Sold on stop loss @ 192. Assumed it would slip well below that if it hit 192. Net loss of 1500 for both accounts. Could have sold yesterday and made a 7k profit. Will have to seriously reconsider applying for FPO applications going forward.
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  #116  
Old 27th May 2011, 12:34 PM
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Sold on stop loss @ 192. Assumed it would slip well below that if it hit 192. Net loss of 1500 for both accounts. Could have sold yesterday and made a 7k profit. Will have to seriously reconsider applying for FPO applications going forward.
But this is very silly mistake. .

Already mentioned that it's a long story only for investors. Why you need to keep stop-loss in first place.

This is not the intra-day trading right?

If anyone need urgent money can sell at the current money. It's enough gain for such a short period. .

I have feeling ( might be wrong) we catch up Rs 200 price even today. .

Happy Investing!
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  #117  
Old 27th May 2011, 02:00 PM
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Sold 900 @200.30. Still holding on to 657.
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  #118  
Old 1st June 2011, 09:36 AM
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I will sell if I get a minimum of Rs 200 per share.
What is your call now?
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  #119  
Old 1st June 2011, 10:35 AM
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What is your call now?
Investors can hold for the long-term.

Those who had applied for listing gains can exit - partially or fully.

A trader can sell half the shares and keep a stop-loss of 199 for the other half. The rest of the shares can be sold if the stock goes to 207-208.
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  #120  
Old 1st June 2011, 12:11 PM
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Sold another 312 @ 200.25 (on 26th-May).

Sold 200 @ 203.25 (today).

Still hold 300 shares at an average price of 250 (FPO + Non-FPO shares). I have a plan to offload another 150 slowly and another 150 keep it for long term.
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