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I bought OMAXE share during the IPO. How long will it take to regain that level? Is i... Read full message
1.09 AM Nov 11th 2009   | Track |  Tracked by : 1 boarders
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I bought OMAXE share during the IPO. How long will it take to regain that level? Is it worth sticking to this? I dont have any urgency as such.
1.09 AM Nov 11th 2009
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IPO price of omaxe was Rs.310/- perhaps and CMP is Rs.101/-It has seen sub Rs.50/- level also. I too have share allotted in IPO, but have averaged out at Rs.118/- by trading i.e.selling at 131/ recently and again purchasing at Rs.98/-This is the only way of bringing down cost ,then selling above average price so that you do not suffer the sense of loosing you capital/principal sum.We are small retail investor, scared of loosing capital by selling even at loss like big investors do .i think that is the only way out,you never know when will it reach IPO price.I hold 440 shares at average price of Rs.118/-
5.02 PM Nov 12th 2009
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