Yesteryears Yellow paper's role is today seems to be taken over by social media. When an influencer blows a bugle, there seems to be a reaction.
Just see the below mentioned chart. There has been massive volume on YES Bank share on 9th Dec 2022 and share price shot up from Rs.17.50. Again the was massive volume on 13th Dec 2022 - when a social media influencer gave a warning signal on upcoming unlocking of frozen shares - and the shares were trading then at 24.
Now (23rd Dec 2022) the share price is back to square one - Rs.17.50.
The high volume aggregators - most likely with news - exited just in time pocketing Rs.6.50 per share, equivalent to 37% returns in just 5 days. Pray that retail investors - with their hard earned money - do not get trapped.
I believe it is the role of regulator to cross check such hectic activity and keep the investing public informed. That would be real investor protection - not just conducting investor protection seminars. But they are busy making ASBA for secondary market trading or extending trading hours.
For those who think making money in stock market is easy - one loss can wipe of your yearly profits. And in today's term, you should keep your eyes and ears open to be in active stock investing.
So stay cautious. Stay contented. Stay Happy.
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