PIPAVAV SHIP YARD - averaging and support levels

Pipavav Shipyard has a support at 83.6, then at 81.4, then at 76 and then at 66. Buy or average in small amounts (to save your fire power) around the highest 2 support levels I have mentioned above.
 

On Fri, Oct 1, 2010 at 11:35 AM, powerfulpicks <powerfulpicks@gmail.com> wrote:

 

powerfulpicks stock opinion: Pipavav Shipyard tanked nearly 10% today in fear of a stake sell by promoters from Oct 4th onwards because its lockin period ends before Monday. Founder shares are locked in for a period of three years from the completion of an IPO, under Indian regulations.

This is a good buying opportunity, but not today. Watch for what happens on Monday...and then buy. As I had said earlier, the script should be back to 112 in 2-3 months; these are temporary blips.