i was extremely bullish and foolish (i hope only for a short term) and got a maximum 525 units allocation on Cairn India at ipo price Rs.160. everyone know the story of Cairn listing; it opened 24% lower.. many a times,i hv this impulse to try and average my cost by buying at the prevailing rates fm secondary mkt, but the bottom remains unattained !! since i am against booking losses, now i'm left with two options
1)wait till it really hits the bottom (any takers as to what looks like an ideal price below which Cairn shud find support) and buy to avarage and then sell off at either minimal profits or minimal losses
2)just wait and watch.
solicite comments!
1)
2007-03-05
17:48:54
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3 answers
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asked by
AseemT
2