Frankly, the stock market is one huge rip-off - it has not so much to do with the value of the stocks themslves, as they are to do with the whims of investors - it's all gambling, legal cover by the deep-pocketed big-boys to rip-off the less knowledgeable public - it's all about market manipulation. You buy as much as you can when the market tanks (due to heavy sell-offs), then run up the prices (manipulation), then sell off high, making huge profits; then the market tanks - then start the process all over again, and again, with the market value rising incrementally higher after successive sell-offs.
RE:Why you should ignore the Sensex
by guy inny on May 31, 2007 01:51 PM Permalink
Dear Bodh Ramdeo, I dont think that you are right at all. It just tells me your frustration in not being able to make money in the stock market, coz had it been otherwise then you would not have written such comments. I think you could try watching CNBC TV 18 especially in morning. They air good shows at that time and they are very thorough in there analysis. Also probably some books like "Rich dad's guide to investing" by Robert Kiyosaki would be a good start.
Its not that bad out there. So stop worring and happy investing.
RE:Why you should ignore the Sensex
by jayu on May 31, 2007 07:07 PM Permalink
share mkt is gambling plz.... if u invest wisely u will def be rewarded thethumb rule of the mkt is Traders are punished and Investors are rewarded ok ? u hav to study the stock before buying and NOT vice versa ..ok ?if u run out after cheap stocks u will def loose u r money ..
RE:Why you should ignore the Sensex
by Vishal Ramaswamy on May 31, 2007 07:24 AM Permalink
Sir, i beg to differ with you. the prices of stocks do not rise and fall with any purchase made by any purchaser. they rise due to fair value not achieved for a particular stock. fair value determination is based on assets, available job orders, future cash flows, distribution of asset holding and market equity. if you look at a stock like bhel which came out with a Bonus declaration in jan(if you hold one share you get one free), an alternative way to give the shareholders a return on profits, the share was priced at around 2150. now the stock is trading at 2900. would you say it would have been a gamble to purchase the share at that price, to make about a 20% profit or would you classify it as gambling. in gambling the chances of winning and loosing are equally distributed amongst the gamblers. however with stocks those who had purchased BHEL when it was at sub-1700 levels it would be a win-win investment. you dont need to trade on a day-to-day basis, which would be close to gambling as luck is the most crucial factor here. but if you are not invested at least to 5% of income, then i would suggest you begin with the plan suggested in the article above as it would guarantee you a return of around 15-20% with risks minimised.
