My CANTABILL call did not go well so far, but I am not ready to write off this one as a bad call. And I hope you have purchased on minute quantities only, as I had suggested. There is no chart data available on CANTABIL. However, 70 seems to be a sufficiently stable bottom and at 57 it has the strongest support.
The averaging at 91 was ok, but the one at 81, after just another 10 rupee fall was not needed. As you know most stocks can go up and down by Rs 10 on a single day.
Anyway, what is done is done. Your average price is somewhere around 90. Hold for now and avoid averaging at present. If it slips to 58-60, you can add more.
Shree Ganesh Jewellery had a similar debut in the bourses. I am sure Cantabil will revive to around 120 when the dust has settled and this can happen in as less time as 6 months.
On Tue, Nov 2, 2010 at 8:55 AM, chittra_rpr wrote:
On Tue, Nov 2, 2010 at 8:55 AM, chittra_rpr wrote:
as per your sug i have taken@102 and again @81 av @91 now it is near 71 pl guide me now about this scrip
regards
--- On Tue, 12/10/10, powerfulpicks <powerfulpicks@...> wrote:
> From: powerfulpicks <powerfulpicks@...>
> Subject: [pp] [powerfulpicks] Update on new listings today (TECPRO,
> CANTABIL)
> To: powerfulpicks@yahoogroups.co.in
> Date: Tuesday, 12 October, 2010, 2:13 PM
>
> Tecpro Systems went up like a rocket and died down, but 400 seems to be
> a short term base for it. I picked up a small amount at 400 and you can
> do the same. Pick up between 395-405 only, not out of this range. Short
> term target may be 460. No chart is available for it of course, so the
> target is based on my experience. Cantabil did not do well on listing,
> because people are afraid of retail scripts, after the Koutons horror
> show, but Cantabil's down side seems to be limited. You can pick up
> minute quantities between 105-112. Target 140.
> From: powerfulpicks <powerfulpicks@...>
> Subject: [pp] [powerfulpicks] Update on new listings today (TECPRO,
> CANTABIL)
> To: powerfulpicks@yahoogroups.co.in
> Date: Tuesday, 12 October, 2010, 2:13 PM
>
> Tecpro Systems went up like a rocket and died down, but 400 seems to be
> a short term base for it. I picked up a small amount at 400 and you can
> do the same. Pick up between 395-405 only, not out of this range. Short
> term target may be 460. No chart is available for it of course, so the
> target is based on my experience. Cantabil did not do well on listing,
> because people are afraid of retail scripts, after the Koutons horror
> show, but Cantabil's down side seems to be limited. You can pick up
> minute quantities between 105-112. Target 140.
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