Sunday, August 5, 2018

DLF - A Cut Loss

Cut losses DLF on the first day of IPO when the stock tumbled down without any reason where it marked the first time that a private placement was such a flop. Managed to get in 120 lots at 0.23 at placement price but the price did not hold and started to tumble so fierce at opening hours. This is an illiquid stock where the bid/ask is quite wide apart and hence it's difficult to trade it correctly. Took a loss at the bottom @ 0.161 and had to move on since it's tough to trade this counter.

Ronald K - Market Psychologist - A Stock Market Opportunist