Saturday, June 23, 2007

Multi Baggers

Poweryourtrade is the web initiative of TV18 group to offer Premium Service ( Read: Paid Service ) to Indian investing public. Daily they offer two trading tips each from three analysts ( I don’t know what are all the qualifications for Analyst to offer Stock tips). SEBI already initiated action against one of it’s analyst for counter trading.

Recently this website revamped it’s layout and started to give more emphasis for Delivery calls named as “ Multi Baggers” Even though these calls were given for more than one year, the price and volume movement of recommended shares were not abnormal.

After the layout changes, it started a section for investors ( previously it caters mainly Traders). Usually it’s analyst pick one stock per week as Multi Bagger on Mondays before the commencement of trading. The selected stock usually touch 10% upper circuit within the first 30 minutes of trading. After 3 -4 days or next week, the price comes down to previous level.

Though I am not complaining of any scam, I wish to stress that don’t rush to buy these stocks immediately after these recommendations. Wait to settle dust then again evaluate yourself about the investment worthiness of the company. Then invest

Posted By R John Christy at 8:25 PM Labels: , ,

4 comments:

  1. hi,

    myself and my friend together subscribed for Poweryourtrade for 6months by paying 1000 rupees. That is around july 2006 - dec 2006

    by the time one of the analysist gave tip on "Link pen and plastics" eventhough we never heared that company we bought because of belief of the TV18 group and we lost almost 50% of our investment.

    This is just an example. Like that so many incident. (not day trade it is delivery call)

    That time only we started investing in shares. So what we that getting idea from analyst is better than our deceision.

    After that we decided not to subscribe to any reccomandation service.

    Now we are doing our own research and doing good.
    ReplyDelete
  2. Dear Mr.Siva,
    It is absolutely true. Most of my friends lost money by following Trading Calls. When their calls are out, everybody rushing to buy these shares which push the price up in short term. Then selling follows. Each period , new innocent investors are caught in this web. Your experience is an standing example. You are lucky that you learnt your lessons very quickly. But some reputed research analysts recommendations can be followed after your own research. Though I prefer to research on my own, I would also use Indiainfoline research reports as inputs.
    Thanks for sharing your experiences.
    With regards,
    R John Christy
    ReplyDelete
  3. //
    Though I prefer to research on my own, I would also use Indiainfoline research reports as inputs.
    //

    for that you are paying anything???

    actually my demat is with ICICI Direct and I am regularly getting tips from them.
    ReplyDelete
  4. Thanks Siva.
    I am also getting these reports free of cost as I am having trading A/c @ India Infoline ( WWW.5paisa.com )
    With Regards,
    Christy
    ReplyDelete

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