Jai corp is not a stock for people who tends to chicken out just by 2 LCs. I am holding Jai corp since 7k level ( 350 is buying price after split and my holding is 140 unit).
I am still holding. I have seen many ups and down of Jai corp. If you want stay in this scrip you need nerve of steel. If you don't have, then its better to quit.
I really don't blame you for such panic making, but today I will share some secret with you.When I bought Jai Corp around 7k level, I was suggesting the scrip to many of my close friends. They did not listen at that time. But all of them bought it after it breaches 15k level, and again bought after it got split.
I am quite sure, that the scrip will be on LC at least whole of this week, may be even till mid of next week and Many of you will be able to move out. But again when it will start hitting UC, you will queue up again and buy it in some 4k-5k level and ask if it will go to 10k.
Money Making is not a easy game. Its true that only few holder of Jai corp had been able cash the benefit.
I am ending this post with a simple query to all the skeptical persons:
See the Volume of Jai Corp every Half an hour, you will see its gradually increasing. So some buyers are picking the stock even when its on LC. Do you know who they are? I am quite sure you don't. And also think are these buyers really FOOL enough to enter a stock which you all are telling to scrap
May be or May be not. The picture will be clear by Dec 31st 2007. I am noting down this post number as I will be quoting it at that time.