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.

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

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

thank you Knag..
hope will escape..?
shall i report to sebi regarding this?

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

knag the i recieved shares.. most of days down freeze rarely up freeze wht to do ? 150 to 50?

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