Can it get any worse than this?

RSI

Well-Known Member
#1
This thread is reserved for buggers like this. Identify them and post their charts. By no means I am advocating a buy of the stocks posted in this thread. But let us be aware of these types of stocks. So that we can avoid buying them in future (for those investors - especially those funnymental investors. Traders will anyway buy them and sell them for short period) Please post the chart of only those stocks which have lost more than 90% of value from their peak.

I take the initiative.

See the chart. Price moved all the way down from Rs.200/-+ to Rs. 2.50/-. Name of the stock Tripex overseas. BSE ticker code 531774

 
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pkjha30

Well-Known Member
#2
This thread is reserved for buggers like this. Identify them and post their charts. By no means I am advocating a buy of the stocks posted in this thread. But let us be aware of these types of stocks. So that we can avoid buying them in future (for those investors - especially those funnymental investors. Traders will anyway buy them and sell them for short period) Please post the chart of only those stocks which have lost more than 90% of value from their peak.

I take the initiative.

See the chart. Price moved all the way down from Rs.200/-+ to Rs. 2.50/-. Name of the stock Tripex overseas. BSE ticker code 531774

There is no need to find such buggers. majority of stocks listed on BSE and NSE are like this.One needs to just see the list of active stocks and their % in overall turnover. Hardly 500-600 stocks get traded in five figures.(on NSE) and in that top 50 stocks have 90% of turnover. Similarly in BSE 700-800 stocks get traded in five figures. Top 30 gets lion's share in turnover.so I don't think one would touch such stocks even with a bargepole. They are primarily trading stocks and not investment grade.

As for tripex I looked up its funnymental aspects. Just a waste of time.

pk:)
 

RSI

Well-Known Member
#3
There is no need to find such buggers. majority of stocks listed on BSE and NSE are like this.One needs to just see the list of active stocks and their % in overall turnover. Hardly 500-600 stocks get traded in five figures.(on NSE) and in that top 50 stocks have 90% of turnover. Similarly in BSE 700-800 stocks get traded in five figures. Top 30 gets lion's share in turnover.so I don't think one would touch such stocks even with a bargepole. They are primarily trading stocks and not investment grade.

As for tripex I looked up its funnymental aspects. Just a waste of time.

pk:)
Pankaj,

Majority? That is quite terrible. What I was intending is to point out those stocks that were artificially inflated (without any fundamental reasons of whatsoever nature) only to suck gullible public buy them and thereafter to push them down sharply. If that is done, these public who have brought them seeing the rise in price will hold them for long time hoping and praying that they will get back their money. Then they will try to assign fundamental analysis to justify their holding. That is what makes a funnymental investor. A trader turned investor on hope and prayer. I was not focussing on traded volume.
 

rajeshn2007

Well-Known Member
#4
Most of the ADAG group stocks would be on the list first- who supposedly tried to become the richest person in the world by 'successfully' launching an ipo of rpower and hoped to list at rs.1000.
 

pkjha30

Well-Known Member
#5
Pankaj,

Majority? That is quite terrible. What I was intending is to point out those stocks that were artificially inflated (without any fundamental reasons of whatsoever nature) only to suck gullible public buy them and thereafter to push them down sharply. If that is done, these public who have brought them seeing the rise in price will hold them for long time hoping and praying that they will get back their money. Then they will try to assign fundamental analysis to justify their holding. That is what makes a funnymental investor. A trader turned investor on hope and prayer. I was not focussing on traded volume.
Yes. And why would any investor invest in that unless he has pea sized brain.You answered your query yourself. Such stocks, whether it goes up or down, are meant to trap what you call gullible trader turned investors. And many part time ignorant cash strapped traders trade on hope and suffer in anguish.

And one can ignore volume only at his peril, unless his system demands no look at volume.
 

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