Burn ur fingers.......?

DKR · 1 Burn ur fingers.......? Tue Jun 28, 2011 11:07 pm

DKR

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Abans Financial Services (AFSL) share started trading Monday and closed at 79.80, up 70.30 rupees or 740 percent from their introductory price of 9.50 rupees. AFSL's hit a high for the day of 104.5 rupees and a low of 51 rupees.

Who brought this low introductory to higher value......?

Stupid......?

Leo_pold · 2 Re: Burn ur fingers.......? Wed Jun 29, 2011 6:24 am

Leo_pold

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I don't think retailers had a chance to buy this share on the first day. There was so few trades that I think it was the same people who did both buying and selling and artificially increased the price to a very very high level. But now the share has turned into a killing ground. Anyone entering now will be shot down on the spot..

schacha · 3 Re: Burn ur fingers.......? Wed Jun 29, 2011 11:42 am

schacha

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But SEC is innocent. Don't accuse them for any reason. They have done lot to save the CSE. foolish traders burn their fingers.
I think now I'm perfect. rendeer

Just joking. Very Happy

Retailers made the CSE best of the world once.(No no big guns pump $ to CSE)
CSE make retailers fooooool...
So CSE will be b the worst of world? But market never collapse cos it will never falls 1000per day cos SEC has taken enough action to save the market. (doesn't go up 10 per day-why).
Wait and see...

xmart · 4 Re: Burn ur fingers.......? Wed Jun 29, 2011 11:51 am

xmart

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it is called strategic trading using crowd philosophy!
don't called it as manipulation.

mark · 5 Re: Burn ur fingers.......? Wed Jun 29, 2011 11:12 pm

mark

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DKR wrote:Abans Financial Services (AFSL) share started trading Monday and closed at 79.80, up 70.30 rupees or 740 percent from their introductory price of 9.50 rupees. AFSL's hit a high for the day of 104.5 rupees and a low of 51 rupees.

Who brought this low introductory to higher value......?

Stupid......?

i bet you that this share will touch it correct real price sooner,every fault should be corrected,btw if you bought this share at highs thinking it may rise,you should get away at minimum loss when it triggered your stop loss point...
introductions are worse than IPOs Evil or Very Mad