Old lessons repeat again
Hi readers,
Today is Nifty50 index close 2.66% down as normal previously happen many times. Sometimes we saw 3%, 4% downside in index for a day. So Today I am not writing here about fall because it was expected and I earlier updated over blogs, YT video and in Telegram also. And this downtrend may continue till 15900 in upcoming time. so leaving it as of now.
If someone selling product at higher price from actual its MRP then will you buy that product?
Obviously NOT, correct?
Yes, everyone who using own mind will never buy any product at higher price from its actual price.
Few months back, some business owners came to market and see peoples who are desperate to buy business without knowing quality of business, they make plan to sell some part of business to such foolish peoples at higher price. And peoples happily brought cheap quality business partnership at too higher price. Then after sometime these foolish peoples again come back to market to sell business which they brought few months back but now they realise peoples in market are now know actual price of such business and no one ready give them even their buying price itself. and now they crying and acting victim of counterparty's game plan. This same thing happened with recent IPO's. Just look below charts first.
Almost all hyped IPO's of new age company's stock now trading too much lower side of issue/ATH price. Promoters got good chunk of money in their pockets and retailers get so called over-valued stocks in DEMAT. This is clear cut image of wealth/purchasing power destruction of common peoples.
ZOMATO- 52200 Cr
PAYTM- 66500 Cr
NYKA- 33000 Cr
PB- 28500 Cr
These are the figures, which wipes out from market eventually from pocket of common peoples, those are not innocent but greedy peoples. Some so called IPO masters on social media continuously promoting every IPO to peoples and peoples also applying without knowing anything about company which coming with IPO. During this many analyst gave warning but that time know one in mood to listen to them and now result is in front of us. So always do your own analysis or get advice from professional person, this one of the old lesson people need to learn again.
Now a days peoples are applying to every IPO's because of recently listing of many was blockbuster. But this is not good trend to apply IPO's without understanding of their business. If someone ask me about some IPO and wants my answer whether they apply for IPO or not, I just simply replying to everyone "If you don't want to read Draft Red Herring Prospectus of IPO then stay away from these IPO business.".................................. As this IPO is hyped by media and many influencer you may go for living gain only. Don't stay there for long period. Get whatever listing gain or loss and get out from position. Open position for listing gain only not for long term investment.
Zomato IPO blog- Click here
Future Retail-Amazon-Reliance
1. PM announce repeal of 3 farm laws suddenly (ahead of state elections this reason gave to media and citizens)
2. Some other normal issues started pop up in media
3. FII's selling market intensifying and FII's started attack on index
4. Again relief rally hits the market
5. News of 'Fund infusion by Amazon into Future retails' start populating in media but not got fame
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