@yellow knife wrote:Dear Friends
PLC is the biggest leasing company. Its performance is better than many commercial banks..I leave it you to make a comparision with other banks and find the truth...Any way as retail investor (or anyone) has no interest in selling at a loss, how can the price come down on the first day..Further many customers of PLC have opened CDS accounts.. They are not day traders..Even they fall into retail category they are long term investors who will not monitor day to day up and down in the market...
Guys the first prediction of yours is already gone...the miracle has taken place...Its fully subscribed...How about your second prediction...The price will come down in the first day...The second prediction will also fade away ....if no one is willing to sell at a loss...Just two more days....
So as any other IPO, this has also over subscribed.. Have u heard of any IPO in 2011 which has not oversubscribed? Whatever said and done, how much we educate ppl, they dont listen.. They believe IPOs are the easiest way to find some quick cash
How can u be sure there are no day traders among new comers? Have u interviewed them? New ppl are more furious than seasoned traders/investors.. Their goal is quick money.. They've been told at least and rose gardens were shown to them by others ;( hikzzz..
Price may or may not come down the first day, sometimes due to popularity it may start 19 or 20, then u'd be lucky.. But luck is something u need when u dont have ability to figure out things..
No one is willing to sell at a loss.. agreed.. buy what if no one is interested to buy at a premium???? to whom ur gonna sell?