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#1
6th January 2007, 08:20 PM
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i am holding nissan copper for rs.150/- now its down . could u pls advise
i am holding nissan copper for rs.150/- now its down . could u pls advise to exit or hold the scrip.
 
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#2
11th January 2007, 06:02 PM
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Re: i am holding nissan copper for rs.150/- now its down . could u pls advise
SEBI has frozen the payout for this stock and decided to do the payout only for those who bought it from an IPO. This freeze will be there for 15 days
from 2nd of Jan 2007. So you need to wait until 17th of Jan to know what will happen to your stocks. Your trade might be rolled back and you might get your money back or you might get the stocks after 15 days by the time the stock would have already gone very down and no buyers. I think you bought the stocks on 2nd Jan 2007. Dont worry! Wait until 17th and find out. --Knag
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#3
11th January 2007, 06:04 PM
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Re: i am holding nissan copper for rs.150/- now its down . could u pls advise
I dont think you can exit the stock as there are no/less buyers to this stock.
Also I dont think you would have the stocks in your demat account to sell them. You might get your stocks on or after 17th Jan or your money back (if you are lucky!). --Knag
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#4
11th January 2007, 07:23 PM
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Re: i am holding nissan copper for rs.150/- now its down . could u pls advise
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hope will escape..? shall i report to sebi regarding this?
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#5
12th January 2007, 11:29 AM
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Re: i am holding nissan copper for rs.150/- now its down . could u pls advise
Nop! Don't report or anything. Sebi knows about this already.
They have taken immediate action and put the stock into TT segment with 5% circuit filter. All you have to do is wait until 17th Jan. --Knag
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#6
3rd February 2007, 07:51 PM
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Re: i am holding nissan copper for rs.150/- now its down . could u pls advise
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#7
5th February 2007, 04:35 PM
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Re: i am holding nissan copper for rs.150/- now its down . could u pls advise
Hi,
I can understand your dilemma on whether to sell or hold the Nissan Copper.  Since you have already lost around 2/3rd of your money (100 rs), it is of no point selling now. Just hold it for some time. You might bet a better price than 50 Rs (or it might be more worst). It is good to sell your losing positions. But in this case you were not given a chance to cut your losses. My advice is just forget about this stock as of now and wait for good time to sell this stock. Booking a 66% loss is not good! Becareful about stocks which are running up unusually.  --Knag
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