FLCH and PAP show similar price pattern

3mr · 1 FLCH and PAP show similar price pattern Mon Apr 18, 2011 10:01 am

3mr

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I think FLCH trading behavior on the IPO day is the same as PAP. Lot of retail selling brings the price down. I hope the price would appreciate much above this in a few days.

I have 50k and holding all of them with patience.

TuskerLK · 2 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 12:00 pm

TuskerLK

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both the cases the reason is higher allotment to retailers. I pointed out this in replies to earlier posts also.

will have to wait till the share consolidate...

I expect the similar pattern in future IPOs .

Me too doing the same, holding 50k worth of shares and waiting....

rocksan · 3 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 2:04 pm

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My price is 6.50 - 7.00 other than that i will not dump my lot -

uditha9 · 4 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 2:33 pm

uditha9

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yes it will go up slowly

SuGi · 5 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 3:18 pm

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i already sold 1000shares @ 5.90 price level....will it hit to 8 or 10 pirce level???

rocksan · 6 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 3:31 pm

rocksan

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SuGi wrote:i already sold 1000shares @ 5.90 price level....will it hit to 8 or 10 pirce level???

patience is the game for good shares like these. I have collected some UBC shares as well and waiting for the right time Laughing

Do not throw your shares for cheaper price Mad

SuGi · 7 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 4:21 pm

SuGi

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rocksan wrote:

SuGi wrote:i already sold 1000shares @ 5.90 price level....will it hit to 8 or 10 pirce level???

patience is the game for good shares like these. I have collected some UBC shares as well and waiting for the right time

Do not throw your shares for cheaper price

Yaa....agreed with u....lets wait n see what will happening tommorow

wiser · 8 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 4:24 pm

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Yes you will get a good return if you can wait.

3mr · 9 Re: FLCH and PAP show similar price pattern Mon Apr 18, 2011 6:18 pm

3mr

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True,

Today I sold 10K of mine @5.90 and bought back 10K at 5.70.

I am still holding 50K of shares till the right time comes. When compared with sector PER the price is very under valued and cheap. So I am waiting with patience. Once retail selling is over , I am sure it would gain a good momentum. This was what happened to PAP

cheers
3mr