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Playing the Power Grid IPO on listing

Friday, October 5, 2007 11 comments

I can suggest you a simple strategy to play the Power Grid IPO in short term.

Watch the price for first few minutes on listing. Note down the close after say 5-10 minutes. So if one can jump in keeping a stop loss which is 5-10% below this close and ride the upward movement in the stock.

So if the stock closes at 80 in first five/ten minutes, you can keep a stop at 75 /70 to ride your profits for the day. The more risk you are willing to take, the more chance of bigger profits you can have.