I had warned Investors of Thinksoft Global IPO in September 2009
Don’t ThinkHard about ThinkSoft Global Services’s IPO at Rs 120-130…Ignore it
However on Listing it kept defying gravity and on February 11,2010 it zoomed to a record high of Rs 544 with record Volumes
But since then in just Ten Trading days and Eight continous lower circuits,beginning with two 20% drops,then as lower filters were applied,a 10% drop,followed by now Five 5% lower circuit filters,Thinksoft Global has crashed today to a lower circuit of Rs 221.30
The Share Price and the Volumes were set up past one month…Have a look ….Something Stinks really Big Time Foul here
…methinks SEBI and BSE must quickly and conclusively bring the perpetrators to task,if they have to maintain the sanctity of our Stock Exchanges and protect the sucker of the small Investor….
Classic case of Greed and Fear….we’ve seen such situations play up before too…like in the Austral Coke Company…dropped from near Rs 200 levels to under Rs 10 now
….The authorities must investigate any Promoter/Major Shareholder/Broker/Operator nexus in such cases…Such movements rarely occur without a criminal nexus…..Poor Retail and some HNWI suckers get trapped by this manipulation
Investor Education and Protection is one of the key purposes why I began this blog…to express my concerns on several companies…In the recent past,Cranes Software and Karuturi Global…even Austral Coke ! and Thinksoft Global
However distasteful,unpleasant,bad,loss making Equity experiences should not permanently deter you from the Beauty of Equity…..A basket of Apples will have a few Bad ones !….Some are easy to Spot,some look great on the outside ,but are infested with Worms on the Inside……Learn to spot these worms and avoid such seemingly great Apples !
Be warned….There are many out there…. always on the Prowl to seduce you to lose Monies…because they make Monies,only when you lose !…and they have perfected the art of Seduction !….and think about this !…what chance do you stand against the 6000+ seductions listed on BSE !…and you will be double careful !
I reiterate my Quote “India and Insider Trading are Inseperable !”…which I discuss and debate in my sessions at various forums
Cheers !