Day 1- A got an information about particular share X which was increased in last couple of days further came to know that some big player (eg NP) has been involved.So he suddenly buy 30%-50% amount of his portfolio without doing any study/Home work and end of the day he has unrealized gain about 3%-5%.
Day 2- Early morning he posts in Sri Lanka equity forum as "Today watch list X share or KIT on X share". Early morning X share start ruining showing about 10% of unrealized gain but evening selling comes and price go down and end of the day he has likely 2% of unrealized loss.
Day 3 - Early morning he posts in Sri Lanka equity forum as "Why X share went down yesterday and seems some one is collecting that" Once trading starts it shows slight increase and gradually price goes down further.
Day 4 - Price further goes down and he buys another Qty to average that. He further posts in Sri Lanka equity forum as "X share is now trading @ very attractive price/ It might hit soon"
Day 5 - Price further goes down.
Day 6 - Price further go down or stagnant.He posts in Sri Lanka equity forum as "Please advice me. My portfolio loss is Rs XXXX. I have bought this @ Rs Y.
Will this up soon ?? "
Day 7 - He sold those share with loss. He posts in Sri Lanka equity forum as "What are the good shares to buy now ?? "
From Day 8 - Refer from Day 1 +
This is a lesson not an insult.
Lesson - Do your own study before buying anything
Last edited by laka on Thu Sep 15, 2011 1:23 pm; edited 2 times in total