ICSA India

Is it going cheap ?

Posted by : sandyp
Price when posted : BSE: Rs 172.30 ( -21.13 % ), NSE: Rs. 172.30 ( -21.18 % )

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Hi reliabull,
I am the old investor in ICSA. But when I came to know that market shall crash, I sold all my ICSA @ 575 to 600 range during Dec07 to Jan08. Not only this, I have sold all my holdings during the said period. So I am very HAPPY. Now as per my knowledge market may crash below 9500 in short run & then it will remain as it is upto ELECTION. Then it shall take TURNOVER. So considering all it will take at least 7 months. Any bad news impact the market & also on ICSA. So I decided to invest in small quantities for earning more profit. See other scripts which are at very low level i.e. sesagoa, ibull, gvk power, gmr infra & last but not least NMDC as after election it may go high very sharply. So try to understand from a person having no knowledge i. e. me. GOD BLESS YOU that u will get ICSA @ below 100/- to average your SIP price. waiting your views & ideas.
LET me know where is OLDNOVICE I am waiting his reply. ...

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Is it going cheap ?

Posted by : reliabull

Dear Sandyp,
Join the Happy buying club.I am happy that you`ve finally bought. And if you keep 5% SIP then you might have to buy at several times a day. Anyways, thank you for your well-meaning warnings. I think i will shore up my holdings to 1500-2000 before it touches 300 again.

Is it going cheap ?

Posted by : reliabull
Price when posted : BSE: Rs 172.30 ( -21.13 % ), NSE: Rs. 172.30 ( -21.18 % )

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Dear Sandyp,
Join the Happy buying club.I am happy that you`ve finally bought. And if you keep 5% SIP then you might have to buy at several times a day. Anyways, thank you for your well-meaning warnings. I think i will shore up my holdings to 1500-2000 before it touches 300 again. ...

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Is it going cheap ?

Posted by : sandyp

NO it is still costly May be tomorrow it may be BELOW 150/-

Will be a outperfomer..

Posted by : reliabull
Price when posted : BSE: Rs 172.30 ( -21.13 % ), NSE: Rs. 172.30 ( -21.18 % )

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I wish i had more money allocated to keep buying. I am simply buying steadily from 300 levels onwards. In bear markets there is a chance that you may never be able to buy a stock thinking that it will go lower the next day...and it turns around. And when it is at a decent level to buy, there will be even more stocks to buy (E.g. Larsen, RIL) so you may lose favour with ICSA, KLG and the money allocated is gone. I would rather buy and hold than wait and not buy at all.......

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Will be a outperfomer..

Posted by : jugs_

Hi reliabull,

I have been reading your posts here for about 6 months now,have found them to be very informative.You have have been a bull as your name suggests.I too have quite a few shares of icsa. The whole world is in a crisis and india too would go down with it.i think sensex would go down to about 10500 levels though icsa may bottom out first. It got included in the f&o at the wrong time..so people who want to buy it cheap are shorting it and add to this the uncertainty about fii's.. What are your views about klg systel..its earnings are robust too and it too operates in this segment(though there are questions about management being greedy etc).

Its the darkest before the dawn.I think we are at that stage.Your positive messages do keep our hopes alive.good luck

Jugs
Invest Long Stay Strong

Is it going cheap ?

Posted by : sandyp
Price when posted : BSE: Rs 172.30 ( -21.13 % ), NSE: Rs. 172.30 ( -21.18 % )

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NO it is still costly May be tomorrow it may be BELOW 150/- ...

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Is it going cheap ?

Posted by : acumen

Could be troubled US IBanks liquidating their holding, to make up for their cash crunch (not due to the weakness of ICSA).

Whatever be the case, at 169 (ICSA Stock Value is much higher than the Stock Price), and a time will come when the stock value will match the stock price, and then overshoot. If we have the patience, we will be rewarded generously, irresepctive of any further downfall in the short term.

Rcommended in Dalal Street Journal

Posted by : sandyp
Price when posted : BSE: Rs 169.00 ( -22.64 % ), NSE: Rs. 169.00 ( -22.69 % )

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Hi reliabull,
My 2nd target is achived Rs.170/- now u see it shall go below 150/- in coming only few days. I think u have invested as per ur SIP But remember one think that is this is BEAR market. Even the stock may come to 100 level Then again u start ur SIP. Now from 167 I start my SIP @ 5% average..... ALL the BEST...... ...

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Rcommended in Dalal Street Journal

Posted by : reliabull

Here are the 10 buy calls on ICSA, who bought and who sold ICSA has received in 2008. I think it is quite representative of market opinion about the fundamentals. And even if 7 out of 10 street investors(call them traders) don't know about iCSA, that to me is a good sign as long as Deutchse, Singapore guys know what ICSA is.

buy calls

1. Macquarie Research Inderjeetsingh Bhatia, Somesh Agarwal Outperform 4-Sep-08
2 India Capital Buy 31-Jul-08
3 SKP Securities Mr. Sachin Doshi Buy 24-Jul-08
4 Natsons Research Mr. Sameer Dalal Buy 30-May-08
5 Sushil Finance Mr. Viral Shah Buy 29-May-08
6 Hem Securities Limited Buy 6-May-08
7 Macquarie Capital Securities (I) Pvt. Ltd. Mr. Suveer Chainani Mr. Shashi Bhusan Not Rated 2-Apr-08
8 Sushil Stockbroker Pvt. Ltd. Mr. Viral Shah Hold 12-Feb-08
9. Dalal Street Journal Fastest growing companies Oct 2008
10. PN Vijay Poweryourtrade multibaggers(Jan 2008) and PMS (Aug 2008)

sell calls
NONE

Bought by
1. Deutsche securities at 260
2. Govt Of singapore at 415
3. Promoter at 460.
4. Darashaw and Co.

Sold by (in a situation as bad as bankruptcy)
Goldman - Stake bought by DWS Mandarin
BSMA, Merril Lynch - Stake bought by Deutsche


Fundamentals are INTACT

Is it going cheap ?

Posted by : acumen
Price when posted : BSE: Rs 169.00 ( -22.64 % ), NSE: Rs. 169.00 ( -22.69 % )

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Could be troubled US IBanks liquidating their holding, to make up for their cash crunch (not due to the weakness of ICSA).

Whatever be the case, at 169 (ICSA Stock Value is much higher than the Stock Price), and a time will come when the stock value will match the stock price, and then overshoot. If we have the patience, we will be rewarded generously, irresepctive of any further downfall in the short term.

...

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Is it going cheap ?

Posted by : sona7

I only know somethings positive of this scrip. I really donot know anything positive of this scrip. Today I have bought 100 shares of this company @ rs.194/- per share. I want to buy 100 more if it goes down to Rs. 185/- I donot know why this script going down. If anybody knows about it please post a message.

Is it going cheap ?

Posted by : sgtdwl
Price when posted : BSE: Rs 171.00 ( -21.72 % ), NSE: Rs. 172.40 ( -21.13 % )

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busted..... if FIIs don`t buy no one buys. This stock is a perfect example of stock markets being controlled by FIIs. The citizens of India as always have no faith in the stock markets for the resons you see....

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Is it going cheap ?

Posted by : cheetguy

Short selling... only.

Is it going cheap ?

Posted by : cheetguy
Price when posted : BSE: Rs 181.75 ( -16.80 % ), NSE: Rs. 178.70 ( -18.25 % )

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Short selling... only....

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Is it going cheap ?

Posted by : sona7

I only know somethings positive of this scrip. I really donot know anything positive of this scrip. Today I have bought 100 shares of this company @ rs.194/- per share. I want to buy 100 more if it goes down to Rs. 185/- I donot know why this script going down. If anybody knows about it please post a message.

Is it going cheap ?

Posted by : sona7
Price when posted : BSE: Rs 189.00 ( -13.48 % ), NSE: Rs. 190.25 ( -12.97 % )

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I only know somethings positive of this scrip. I really donot know anything positive of this scrip. Today I have bought 100 shares of this company @ rs.194/- per share. I want to buy 100 more if it goes down to Rs. 185/- I donot know why this script going down. If anybody knows about it please post a message....

Will be a outperfomer..

Posted by : jugs_
Price when posted : BSE: Rs 218.70 ( -2.47 % ), NSE: Rs. 217.10 ( -2.97 % )

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Hi reliabull,

I have been reading your posts here for about 6 months now,have found them to be very informative.You have have been a bull as your name suggests.I too have quite a few shares of icsa. The whole world is in a crisis and india too would go down with it.i think sensex would go down to about 10500 levels though icsa may bottom out first. It got included in the f&o at the wrong time..so people who want to buy it cheap are shorting it and add to this the uncertainty about fii's.. What are your views about klg systel..its earnings are robust too and it too operates in this segment(though there are questions about management being greedy etc).

Its the darkest before the dawn.I think we are at that stage.Your positive messages do keep our hopes alive.good luck

Jugs
Invest Long Stay Strong...

Rcommended in Dalal Street Journal

Posted by : rags123
Price when posted : BSE: Rs 224.25 ( -0.91 % ), NSE: Rs. 223.75 ( -1.34 % )

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On Sept 18th, there was a block deal where the stock changed hands from Merill Lynch to Deutshe Securities. This month has seen some above average volumes. FII holding in this stock is more than 45%. If you look at the last one year of FII data, the FII holding for this stock has changed dramatically though the percentage of holdings remained the same. Promotor holding has marginally increased by 2% as far as June 2008 data reports(YOY). The FII holding data should come within a month. But, I think Morgan Stanley, Merill Lynch and Goldman Sachs have sold significant portion of their holding in parts. Lets watch the results and holding structure once the next quarter results are declared.

investnprofit.blogspot(dot)com...

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Posted by : reliabull

Here are the 10 buy calls on ICSA, who bought and who sold ICSA has received in 2008. I think it is quite representative of market opinion about the fundamentals. And even if 7 out of 10 street investors(call them traders) don't know about iCSA, that to me is a good sign as long as Deutchse, Singapore guys know what ICSA is.

buy calls

1. Macquarie Research Inderjeetsingh Bhatia, Somesh Agarwal Outperform 4-Sep-08
2 India Capital Buy 31-Jul-08
3 SKP Securities Mr. Sachin Doshi Buy 24-Jul-08
4 Natsons Research Mr. Sameer Dalal Buy 30-May-08
5 Sushil Finance Mr. Viral Shah Buy 29-May-08
6 Hem Securities Limited Buy 6-May-08
7 Macquarie Capital Securities (I) Pvt. Ltd. Mr. Suveer Chainani Mr. Shashi Bhusan Not Rated 2-Apr-08
8 Sushil Stockbroker Pvt. Ltd. Mr. Viral Shah Hold 12-Feb-08
9. Dalal Street Journal Fastest growing companies Oct 2008
10. PN Vijay Poweryourtrade multibaggers(Jan 2008) and PMS (Aug 2008)

sell calls
NONE

Bought by
1. Deutsche securities at 260
2. Govt Of singapore at 415
3. Promoter at 460.
4. Darashaw and Co.

Sold by (in a situation as bad as bankruptcy)
Goldman - Stake bought by DWS Mandarin
BSMA, Merril Lynch - Stake bought by Deutsche


Fundamentals are INTACT

Rcommended in Dalal Street Journal

Posted by : reliabull
Price when posted : BSE: Rs 224.25 ( -0.91 % ), NSE: Rs. 223.75 ( -1.34 % )

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Here are the 10 buy calls on ICSA, who bought and who sold ICSA has received in 2008. I think it is quite representative of market opinion about the fundamentals. And even if 7 out of 10 street investors(call them traders) don't know about iCSA, that to me is a good sign as long as Deutchse, Singapore guys know what ICSA is.

buy calls

1. Macquarie Research Inderjeetsingh Bhatia, Somesh Agarwal Outperform 4-Sep-08
2 India Capital Buy 31-Jul-08
3 SKP Securities Mr. Sachin Doshi Buy 24-Jul-08
4 Natsons Research Mr. Sameer Dalal Buy 30-May-08
5 Sushil Finance Mr. Viral Shah Buy 29-May-08
6 Hem Securities Limited Buy 6-May-08
7 Macquarie Capital Securities (I) Pvt. Ltd. Mr. Suveer Chainani Mr. Shashi Bhusan Not Rated 2-Apr-08
8 Sushil Stockbroker Pvt. Ltd. Mr. Viral Shah Hold 12-Feb-08
9. Dalal Street Journal Fastest growing companies Oct 2008
10. PN Vijay Poweryourtrade multibaggers(Jan 2008) and PMS (Aug 2008)

sell calls
NONE

Bought by
1. Deutsche securities at 260
2. Govt Of singapore at 415
3. Promoter at 460.
4. Darashaw and Co.

Sold by (in a situation as bad as bankruptcy)
Goldman - Stake bought by DWS Mandarin
BSMA, Merril Lynch - Stake bought by Deutsche


Fundamentals are INTACT

...

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Rcommended in Dalal Street Journal

Posted by : adi_roy

What do u mean by close to10 or more . Can u explain please? on which price i can enter? adi

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Posted by : poorfellow
Price when posted : BSE: Rs 224.25 ( -0.91 % ), NSE: Rs. 223.75 ( -1.34 % )

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If you compare the percentage fall of share price of ICSA with some other frontline runners having consistent good growth, than its availability below Rs.200/- is justified. So, I don\\`t think the fall is unreasonable. Rather we the small investors should wait some more time to buy it still at lower prices....

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Posted by : reliabull

Who are these sellers?? As per the shareholding pattern, only FIIs and promoters have a significant holding and a few insider institutions. Now if there is INDEED such a huge sell out we should be expecting an Insider sell announcement soon. Obviously small investors are shitting bricks. They are not buying their silly reliance IFCI and Essar oil shares. So they are certainly not buying ICSA.
Then who is absorbing these high sell orders?? Day traders? Informed investors?? Cherry picking MFs?? Promoters??

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Posted by : reliabull
Price when posted : BSE: Rs 224.25 ( -0.91 % ), NSE: Rs. 223.75 ( -1.34 % )

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Who are these sellers?? As per the shareholding pattern, only FIIs and promoters have a significant holding and a few insider institutions. Now if there is INDEED such a huge sell out we should be expecting an Insider sell announcement soon. Obviously small investors are shitting bricks. They are not buying their silly reliance IFCI and Essar oil shares. So they are certainly not buying ICSA.
Then who is absorbing these high sell orders?? Day traders? Informed investors?? Cherry picking MFs?? Promoters??
...

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Rcommended in Dalal Street Journal

Posted by : rags123

No Logic! Stock has changed hands from Merril Lynch to Deutsch Securities. However, there's not much to conclude from here because the reasons are well known. Prices dont fall when equity is changing hands. They do when there is adequate selling pressure. If you check the volumes for the past couple of weeks, it is easy to see the enormously huge volumes at which sell took place. Certainly someone is selling it massively while there are no buyers.

If the stock were fundamentally strong, no one would want to sell the stock at this level. How can a company with 50% growth an annum trade at less than 7 times PE, especially when there is substantial visibility on its earnings? Certainly the market knows something we dont!

investnprofit.blogspot(dot)com

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Posted by : rags123
Price when posted : BSE: Rs 224.25 ( -0.91 % ), NSE: Rs. 223.75 ( -1.34 % )

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No Logic! Stock has changed hands from Merril Lynch to Deutsch Securities. However, there's not much to conclude from here because the reasons are well known. Prices dont fall when equity is changing hands. They do when there is adequate selling pressure. If you check the volumes for the past couple of weeks, it is easy to see the enormously huge volumes at which sell took place. Certainly someone is selling it massively while there are no buyers.

If the stock were fundamentally strong, no one would want to sell the stock at this level. How can a company with 50% growth an annum trade at less than 7 times PE, especially when there is substantial visibility on its earnings? Certainly the market knows something we dont!

investnprofit.blogspot(dot)com...

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Posted by : reliabull

Mention a list of fastest growing companies and ICSA is bound to be there. Check the latest issue of DSJ. Cover story does mention all the goodies of ICSA that we all know now. We have had close to 10 or more buy recommendations in this year. And the price is at its 52 week low!!! What do we infer?
1. Someone is fooling us - Less likely
2. Stronger hands are buying off from weaker hands that are making distress sales now.
Just think. Only an ill informed person or someone who is scared or someone who needs money urgently will sell one of the fastest growing companies at its 52 week low.