Bull to bear
Telegram racketeers pushing retail investors to huge losses
While the stock market is creating new high, there have been cases of retails investors also losing on money. There have been number of BSE, NSE messages to stay away from calls, messages, especially telegram messages that can lead to losses. This has been after number of non registered so called fundemental and technical analyst, so called trade analyst have started their own telegram channels and promoting their channels. They started giving trading calls to the retail investors. The stocks rise at the start with number of circuits, but at the end when the retail investor has invested heavily, the stocks falls sharply.
Number of channels being not registered with SEBI Are operating illegally. Forget about them operating illegally, many of them even are acting on tips of operators too. Many such telegrams channels work on a simple principle of pump and dump. They buy stocks at a cheap rate and start running the stock to a certain level. Once they need to sell their stocks, they recommend the stocks on their telegram channel. The investors or the one with hard earned money enter into such stocks and as soon as they buy for a profit, the stock starts sliding down.
There have been cases of stocks being on a lower circuit for days after the real investors with their hard earned money have entered in.
The stocks recommended by such channels do fall into ASM groups as the stocks have been rigged to a level. As soon as it is dumped, there are lower circuit on such stocks.
Such telegram channels are not even registered with SEBI and it is the time that SEBI and the authorized body needs to take strict action against such people. The channel owners are filling their pockets, but leading to huge losses to investors or traders.
The few such telegrams channels to be named are Intraday Calls,
Bullrun2017, Dalal stocks, Stock Market Bazigar, Dalal Street Traders and many more. While there are few genuine telegram channels registered with SEBI, this have been working without being registered ones with SEBI and run illegally.