POSTED BY November 10, 2010 2:30 pm ONE COMMENTON
I have 125 Power Grid @ 112. I am planning to follow the following stratergy. Can you please share your view over this.
I am planning to sell 125 stock at the CMP say 104. I will apply 2 full application of Power Grid FPO.As things stand as it’s (i.e. even if I get only 125 stocks allocated and the share price goes as low as 85.5 during FPO allotment). I would still be atleast assured of 2K profit.
Or is it adivisable to carry out the selling of stock just couple of days before the FPO allotment hit streets. Historically the price of stock would fall once the supply becomes more.
Is there any other better stratergy?
Please adivse. Thanks.