Tuesday, October 23, 2007

The malaise of "Stock Advisors"

I was surfing one of my favorite sites Valuenotes.com and spilled over to the new forum which was started a few days back. A common question doing rounds was "Market Crash" . I am quite surprised at the fickle mindedness of the people who are glued on to TV channels to get some "Tips" by the "Advisors". I am damn sure that these very people might have been banking on the "advisors" who were shouting on all business channels about how soon Sensex will be touching that 25000 mark. I still remember how quick people were in giving their own judgement on how Sensex would touch 20000 in 2-3 days after it touched 19000.

As in my previous article I enumerated the anomalies doing rounds in the market, I feel a desire to prick the bubbles created by the "advisors" on business channels . I would like to remind that I am not averse to such advisors but I take their advice with a pinch of salt. I'll tell you why. First things first, the "advisors" business is thriving only because the market is doing good.This point is very important and has the hidden message why you should not believe these "advisors" 100%. Have you seen any advisor who was not advocating for further investment when everything was hunky dory? I have not seen any one. This because they know that their business happens only when the market is on an upward rally. Any break in that would mean people being apprehensive and a downfall in their business. This is why all "advisors" like rallies and even when they know in their heart that something is wrong, they would still suggest investment. Today only I saw a question put up by an investor on future course of action on investment of 500 shares of Reliance Energy @ 1850's in the current market. Do you sense something wrong here? That poor investor got himself in the market at a time when the scrip was running amok. Now he is in mess because he is not clear what to do now. Who are the people who are driving such innocent people into the D-street? The "advisors" offcourse. The investor is also not so innocent because its your hard earned money and you should have given a thought when you invested at such high levels.

A piece of advice for all new gurus of stock market. Think before you invest.

A sensible take is to wait for 3 important triggers in a very short term
1. SEBI decision on P notes on Oct 25
2. RBI’s mid term review of annual policy due on 30 October 2007
3. US Fed take on interests

Any definite course of action can only be determined after these near term triggers.

Till then ... Peace Ho!

15 comments:

Anonymous said...

Hi everyone.

Your blog is nice and informative. We think your visitors will like
this posting.

We have seen Nifty and Sensex has fallen like match sticks. Though we
rate this correction as good for
href="http://www.sharetipsinfo.com/"title="Indian stock market">Indian stock market
, Now we can see
lot of fresh buying in stock market. Which is good signal.
We request all don't panic in your long positions just hold them for
super gain.

Best Buy - Buy SESAGOA now for the target of 4000in 20 days .


Regards

SHARETIPSINFO Team

09899056796
09891655316
09891890425

Anonymous said...

hi its nice to read ur blog entries,i have a blog too at www.sharemarketslive.info which also deals with share markets,so if you please cud we have a free link exchange.

cheers
shyam

Anonymous said...

Nice Blog

Please Find : More Indian Stock Market News, Stock Quotes, Stock Tips, IPO News and Analysis

http://indian-stock-market-news.blogspot.com

Anonymous said...

Dear Visitors,

This blog is really nice and informative. We do think our posting will be highly beneficial for you too. Recently RPOWER IPO was issued to many
investors. But it has gone down breaching the expectations of investors however it got a tag of AA that is ANIL AMBANI and we are sure he will
not betray the trust of people who has invested in his company. To get back confidence he has issued 3 free bonus shares per 5 shares to all. It will be positive for the market.

If you have any query feel free to contact us.

Regards

Sharetipsinfo Team

Anonymous said...

Thank you for a great blog! After such an extraordinary run up, one might expect a period of consolidation. We have done some analysis on this at www.indiafund.net

KnowYourProfit said...

This blog is novice and informative visitors will surely be benefitted,Its our pleasure to post
Informative content on this useful blog created by webmaster.

As such the new Financial year has been started we wish all the visitors Good Luck , further the new support levels for
Nifty is 4650-4610 ,we can a see a rally coming in few days to boom
Indian Stock Market

Sectors whichs seems to gave good return over the period are

1.PHARMA
2.SUGAR SECTOR

Get all your queiries Answered Related to Indian Stock Market

Once Again This New Financial Year Brings Charm to Your Life.

Regards

Team
KnowYourProfit Team

KnowYourProfit said...

This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post
Informative content on this useful blog created by webmaster.

As such we had said earlier that the new support levels for Nifty are 4650-4610,
we can see that these levels had been maintained and now if the consolidation starts taking place at these levels we can surely will be seeing some movement either upward or in downward direction
but at the same time Nifty has the Strong Support of 4550 levels which had to be always keep in mind.So be Open


Get all your queiries Answered Related to Indian Stock Market


Regards

Team
KnowYourProfit.com Team

Anamika said...

Few weeks back everyone was saying that there will be Bear market for next few years and now again everyone is showing interest and markets are rising again. However, I still feel that credit crisis and recession in US will still affect the World economies and investors must stay cautious.
Emerging Markets like Indian Share Market may still do good in the long term but there will be lots of choppy sessions. Hence Investing in India is recommended by every analyst

Anonymous said...

Indian stock market investments are made easy with our live nse/bse market tips. Our trading tips covers NSE and BSE .We provide intraday and long term share market calls daily with Equal Emphasising on fundamental and on technicals aspects.Check gainers,losers ,news,penny stock,IPO ,Free tips,trading tricks.

Anonymous said...

www.shareinfoline.com provides you with the best Indian stock market tips..that too for very less amount and with maximum sureity ...

Their tips are really doing wonders in the world..At this point of time they are the most trustworthy players ...

Do mind my words and just check www.shareinfoline.com

sharetipsinfo said...
This comment has been removed by the author.
Nidhi Jain said...

Very interesting details you have remarked, all are interesting information Epic Research Corporate Solutions also have crude oil tips and live market price thank you for

Maya Aaliyah said...


Excellent. Thanks for sharing.
Bank Nifty
Bank Nifty
HFFC IPO
Stock Market

Esha Agrawal said...
This comment has been removed by the author.
Anjali Guntuk said...

Such a nice information shared by this blog heplful for new investors.
Open equity Trading Account

Traderji.com - Discussion forum for Stocks Commodities & Forex

Earn from Your Website

Get Chitika | Premium