How operator moves Stock price, simply illustrated...

[guhaanirban]

Once upon a time in a village, a man appeared and announced to the
villagers that he would buy monkeys for Rs10. The villagers seeing that
there were many monkeys around, went out to the forest and started
catching them.

The man bought thousands at Rs10 and as supply started to diminish, the
villagers stopped their effort. He further announced that he would now buy
at Rs20. This renewed the efforts of the villagers and they started catching
monkeys again. Soon the supply diminished even further and people
started going back to their farms.

The offer rate increased to Rs25 and the supply of monkeys became so
little that it was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at Rs50! However,
since he had to go to the city on some business, his assistant would now
buy on behalf of him.

In the absence of the man, the assistant told the villagers. "Look at all
these monkeys in the big cage that the man has collected. I will sell them
to you at Rs35 and when the man returns from the city, you can sell it to
him for Rs50."

The villagers squeezed up with all their savings to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys
everywhere!!!!

 

[rajatheroyal]

nice story.

 

[Braja Bandhu Behera]

Once upon a time in a village, a man appeared and announced to the
villagers that he would buy monkeys for Rs10. The villagers seeing that
there were many monkeys around, went out to the forest and started
catching them.

The man bought thousands at Rs10 and as supply started to diminish, the
villagers stopped their effort. He further announced that he would now buy
at Rs20. This renewed the efforts of the villagers and they started catching
monkeys again. Soon the supply diminished even further and people
started going back to their farms.

The offer rate increased to Rs25 and the supply of monkeys became so
little that it was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at Rs50! However,
since he had to go to the city on some business, his assistant would now
buy on behalf of him.

In the absence of the man, the assistant told the villagers. "Look at all
these monkeys in the big cage that the man has collected. I will sell them
to you at Rs35 and when the man returns from the city, you can sell it to
him for Rs50."

The villagers squeezed up with all their savings to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys
everywhere!!!!

How operator moves stock price?Movement of stock price done after SAMEER GEHLAUT,RAJEEV RATAN and others promoter of INDIABULLS SECURITIES LIMITED TAKEN THE MEMBERSHIP OF NSE AND BSE FIVE YEARS BACK,THEY NOT ONLY FORCED THEIR CLIENTS TO BY PENNY STOCKS BUT ALSO STARTED SEARCHING OF THE LISTED CLOSED COMPANIES OF THE COUNTRY,THOSE CLIENTS WHO FAILED TO BUY PENNY STOCKS THROUGH THEN,THEN FORCIBLY TRANSFER THEIR SHARES FROM THEIR DP ACCOUNT TO THEIR ACCOUNT AND FINALLY LOOTED EVERY THING.
THE BEST EXAMPLE IS MY CASE,SINCE I COULDNOT OBLIGE THEM TO BUY PENNY STOCKS LIKE CARNATION NUTRINE ETC,THEY STOPPED SUPPLY ME DIS BOOK AND ILLEGALLY, UNCONSTITUTIONALLY AND AGAINST ALL THE RULES OF SEBI AND DP ACT TAKEN AWAY MY SHARES WORTH RUPEES ONE CRORE,EVEN THOUGH IN WRITING THEY ADMITTED THEIR CRIME,CHEATING AND FORCIBLY TAKEN MY SHARES,IN their such henious work of CHEATING,LOOTING,EXPLOITATION,AND docioty,CDSL AUTHORITies EQUALLY RESPONSIBLE.
PRAY THE HON'BLE CHIEF JUSTICE OF INDIA TO PASS NECESSARY ORDERS TO CBI TO ENQUIRE THE HENIOUS WORK OF INDIABULLS AND TREAT THEM AS TERRORIST.
BRAJA BANDHU BEHERA,ADVOCATE

 

[Bond007]

man is the guy speaking the truth

 

[conancare]

Hi Braj bandhu,
Your post is useful to generate alertness among the people against India Bulls. Your story seems to be painful. How will you try to get your one crore back. Is it possible to get money back ?

Regards
Conan

 

[rgarg333]

There do seem to be other complaints regarding this...
http://www.consumercomplaints.in/complaints/indiabulls-securities-ltd-c91446.html
Where Mr. Arya is complaining similarly of losing Rs 63 lakhs

Seems this happened in 2005 / 2006 and an investigation was carried out
http://finance.indiainfo.com/news/2005/10/26/2610indiabulls-under-lens.html
Mumbai: Income Tax officials visited three out of the 129 offices of Indiabulls Securities Ltd, as part of a survey being carried out to track investors who traded 'penny stocks'.

Also it seems a stricture was issued by SEBI
http://www.telegraphindia.com/1051004/asp/business/story_5317508.asp
Last week, capital market watchdog Sebi issued a flurry of orders after investigating the dramatic rise in some penny stocks and forbade the errant clients of Indiabulls and India Infoline Securities from trading in these stocks.
In its order it says, The stock brokers, viz Indiabulls Securities Ltd, Insight Share Brokers, Fortis Securities, Joindre Capital Services, India Infoline Securities, Ruchiraj Share Stock Broker and Peninsular Capital Market are hereby directed not to buy, sell or deal in securities of IFSL on behalf of the promoters, directors and clients mentioned.

 

[vasa1]

For a little more on operators see this post