Oh not to worry. I have been adding from 160 levels over last two years. I doubled my position size at 35, because I was sure the stock wouldnt go to zero. At that point tata steel traded at 300. So while the underlying did a double, the PP is a five bagger. Its a pure leveraged trade without any expiry date or interest cost. Was a beautiful opportuninty.
Its been a three bagger so far, and I plan to pay the call monies as and when demanded.
vijaypwadhwa
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There is a partly paid share available at 160. Best way to lock into Tatas steel if you have the conviction that it will go to 900
Firestorm_11_
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Hello @vijaypwadhwa, sir, I have searched the internet and I am not able to understand what a PP share is. Could you link me to an article or even better explain what it is? I observed its charts and while TATASTEEL gave a move of 50%, this TATASTEELPP gave a move of over 180%!!
Firestorm_11_
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@vijaypwadhwa, Sir, thank you so much for letting me know about the PP stock. TATASTEEL has given a breakout and I have made a position in it, and it is giving higher returns than the normal stock itself!(though the downside is equally risky xD). It was a very good bet.
Its been a three bagger so far, and I plan to pay the call monies as and when demanded.