Hot Deal Lesson for Blind followers of - CNBC Awaaz/Other tips providers/Stock gurus

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Deal Subedar
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For Newbie Traders
Simply the anchor at CNBC Awaaz Mr. Hemant Ghai, bought large quantity of shares on his wife’s and mother’s name the day before recommending it on his morning show “Stock 2020”. He created a buzz by giving all positive reviews about the shares(He owned) and lay people would buy it in the hope of making money, as you know, more buying means more demand and hence the increase in price! He than simply would sell the stocks he owned at the higher price!! Hence when large quantities are sold the price drops(Supply) and you are at losing side. He made around 3 crores doing this. So next time don’t wonder why there is sudden price drop when you buy shares. The game is far more complex than you would have thought it is. “Jaago grahak jaago!”

The News
- SEBI Restrains CNBC Awaaz Television Anchor Hemant Ghai From Dealing In Securities

- Jaya Ghai and Shyam Mohini Ghai — Hemant Ghai’s wife and mother respectively, undertook a large number of “Buy-Today-Sell-Tomorrow” trades in synchronisation with the recommendations made on the morning segment show co-hosted by him, the Securities and Exchange Board of India has alleged in an ex-parte, ad interim order.

- Shares were bought on the previous day and sold immediately on the day when a recommendation was made on the show, SEBI’s order has pointed out. The regulator has arrived at a prima facie conclusion that the over Rs 100 crore in 90 trades executed in trading accounts of the two family members between January 2019 to May last year led to gains of more than Rs 2.95 crore.

12 Comments  |  
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Deal Subedar
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Scam 2020

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Deal Lieutenant
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Acted like a fool. Who on right mind will use close relative’s account for trading? Used mother’s and wife’s trading account would have been unscathed if he were using some other account.

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Deal Subedar
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soccergiants wrote:

Acted like a fool. Who on right mind will use close relative’s account for trading? Used mother’s and wife’s trading account would have been unscathed if he were using some other account.

Inexperienced scammer grin

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Deal Captain
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soccergiants wrote:

Acted like a fool. Who on right mind will use close relative’s account for trading? Used mother’s and wife’s trading account would have been unscathed if he were using some other account.

Over confidence, bali kaa bakra, kuch bhi ho sakta hai bro

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Deal Subedar
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MrDimer wrote:

Scam 2020

Seems 2020 was actually the year of scams/frauds/cybercrimes more than pandemic.

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suspended
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soccergiants wrote:

Acted like a fool. Who on right mind will use close relative’s account for trading? Used mother’s and wife’s trading account would have been unscathed if he were using some other account.

sir, would domestic help’s account raise suspicion?
i have been asking her to get her PAN.
but mine are just some small refunds from on-line sellers.
.
sorry, i am total newbie scammer. infact not even scammer yet. so need advice and tips from pros.
.
Thanks in advance

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Deal Cadet
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There was a story about it earlier too. Someone made huge money from the tips they gave. Actually he just did opposite to what was recommended. If they told to buy he sold it on that day. laughing Finally, he has become crorepathi.

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Deal Subedar
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john78 wrote:

There was a story about it earlier too. Someone made huge money from the tips they gave. Actually he just did opposite to what was recommended. If they told to buy he sold it on that day. laughing Finally, he has become crorepathi.

Yes it’s a common practice. I know some traders do this.

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Perfectionist
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bikidas2060 wrote:

Over confidence, bali kaa bakra, kuch bhi ho sakta hai bro

Mujhe toh pehlese pasand hi nahi tha.

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Deal Captain
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MrDimer wrote:

Scam 2020

SCAM Chho….

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Deal Cadet
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bs 2% return confused

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