1] THERE ARE OPERATORS IN THE SHARE MARKET WHO PUSP UP OR PUSH DOWN THE PRICE OF A PARTICULAR SCRIP EITHER ON HIS OWN OR IN COLLUSION.
2] RUMOURS ARE FLOATED/STORIES ARE PLANTED/ STATMENTS ARE ISSUED WITH THE INTENTION TO TRAP THE INVESTORS.
3] WHEN WE INDIANS ARE NOT ALLOWED TO OPEN A BANK ACCOUNT OR DEMAT ACCOUNT WITHOUT THE PHOTO IDENTITY/ RESIDENCE PROOF / PAN CARD ETC. HOW CRORES OF RUPEES ARE BEING WELCOMED VIA THE P NOTE ROUTE , WITHOUT ASKING IDENTITY PROOFS FROM THE FIIS. IS THIS A LEVEL PLAYING FIELD ? IS PNOTE ROUTE ANOTHER NAME FOR MONEY LAUNDERING GAME OR SAFE HEAVEN FOR BLACK MONEY OF POWERFUL & INFLUENTIAL INDIANS.
4] EVERYTIME THERE IS A SHKAE IN THE STOCK MARKET, WE CAN EXPECT SOME CONTRADICTORY STATEMENTS PRIOR TO THE JERK & AFTER THE NEEDFUL THING HAS HAPPENED SOME STATMENTS PROP UP TO REAP IMMEDIATE BENEFIT OUT OF THE CREATED SITUATION.
5] ON THE DAY WHEN THERE IS A CIRUIT BREAK/ OR ANY BIG FALL IN THE MARKET, ALL BUYS ABOVE A PARTICULAR SUM SHOULD BE PUT TO A SCANNER & NAMES OF THE BUYERS WHO HAD GAINED THE MOST DURING THE SHAKE IN THE MARKET MADE PUBLIC.
Hello Mr. Somaiya, I completely agree with you that this move was by finance minister so that he could enter the market at lower circuit and make millions and millions of rupees in the span of few minutes. This is not fair, if you want to win..... than you should not cheat. He is a cheater.
I am very much thankful for your decision taken to have clarification on the issue which has misguided the small investor and given unprecedential gains to few hands.
Will the editors of Rediff ask Mr Somaiya if he is now going to garland the Finance Minister the same way he wanted to pillory the Finance Minister, just back the Sensex has posted a 500 points rise.
RE:Rediff please
by Badri R on Oct 27, 2007 05:27 PM Permalink
Dear Mr Kaethik Kumar, Please try to read the text of Mr. Somaiya's article and you will understand that he is not talking about the markets going up or down, he is trying to ask why the FM who came on TV to allay the fears of the investors had wait till the market hit the lower circuit and not come out with his clarifications before the markets opened as this news and the first paragraph of the SEBI release was being discussed from early morning till the opening of the market
Mr. Sommaiya has been at this game everytime his friends and neighbours loose their bets on the market. Small investors should always be wary when the markets are on a bull run. Greed will have to be in moderation otherwise you may end up with the "RUNS". My request to mr.Somaiya is can he or does have the guts to name the big players who are are raking in the moolah in these speculative markets.
Why Mr. Somaiya did not shout when sensex was going high everyday? My point is just that, why Mr. Somaiya did not file petition/commented when sensex crossed 16000 and 17000 ? and taking action now ?
May I have the email id of Mr. Kiriti Somaiya? Mr. Somaiya you may not agree with me as you are an active member of BJP,but the truth is the administration of Pakistan is much better than ours,as so far I never heard of any stock scam there.Whereas in India,whether during congress rule,NDA rule or UPA rule thers sevral stock scams in India and non of the stock brokers are worried or bother about the GOVT action.Coming to P.Chidambaram,he is above law as he is first of Finance Minister,Very Rich Person having huge capital to defend himself and his family both wife husband are leading advocates,and having all tamil people as head of SEBI,NSE,LIC and sevarl public sectors banks.He is not at all worried about the loss of crores of small investors,he is very much worried for the wefare and interest of 900 odd stock brokers and some unethical industrialists for whom small investors lost crores of rupees.
Mr. Somaiya dont take it otherwise,your partner/supporting party SIVASENA openly helped Stock Broker M/S INDIABULLS SECURITIES LTD. who cheated and looted crores of investors including BRAJA BANDHU BEHERA,ADVOCATE ORISSA HIGH COURT,BY ILLEGAL MEANS INDIABULLS TAKEN AWAY SHARES WORTH OF 85 LAKHS FROM THE DP ACCOUNT,now when UPA come to power very cleaverly they sold their stake to LNMITTAL inorder to get support from UPA GOVT.
We are with you please file a case with Hon'ble Supreme Court of India
