Joined: 01/Jan/2006
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Posted: 22/Apr/2007 at 6:12pm
Never invested in an IPO for the last 5 years!!!
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Joined: 06/Sep/2006
Location: India
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Posts: 5966
Posted: 22/Apr/2007 at 6:12pm
Yes, think so. He shall be back with a bang soon enuff for sure.
The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
Joined: 06/Sep/2006
Location: India
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Posts: 5966
Posted: 07/Feb/2008 at 11:58pm
Excellent...mazaa aa raha hain. I hope Chota Ambani comes up with his IPOs now and it would be interesting to see what's in store for him.
The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
Kotak would be the most affected but it would be an oppurtunity to invest in the stock.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
i dont think it would affect him - somehow he and his operator friends will ensure its goes up on listing(not to mention the huge oversubscription due to the "reliance" brand name).
Originally posted by omshivaya
Excellent...mazaa aa raha hain. I hope Chota Ambani comes up with his IPOs now and it would be interesting to see what's in store for him.
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
One point of view in many books(even in Lynch's) talks about the waxing and waning of IPO interest as a very good indicator of the kind of market that we are in. Just like how unbeleivable valuations are lapped up without any question being asked and huge over subscriptions seen during bull phases, when IPOs start getting cancelled and price bands lowered, we must take note of it - that is a very clear sign of how bearish the mood is, and things can probably only get worse from here on, before it gets better.
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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