Indian Energy Exchange (IEX)

Sir, this is an excellent post. Your notes are very similar to my investment journey in this stock.

Here are some additional thoughts:

1. This thread is an illustration of investor biases. Before 2020 there was very minimal activity. it became very chatty and there were a lot of posts that were just media reports or company updates, that served to reinforce our bias. There were several posts (I am not blaming anyone. I have posted too) that seemed to reinforce the momentum and did not highlight the risks enough.
   Here is a chart showing the number of posts in this thread each year and the price. (2023 info is YTD):
   

2. Government interference is there in almost all stocks. It is sometimes a strength too, as this company grew only based on favorable regulations.

3. I have become a better investor by uninstalling my brokerage and financial apps from my phone, unsubscribing from all notifications about financial news, uninstalling Twitter on mobile phone and checking my demat account only on desktop.

4. I also track the p/e of stocks based on my price than the current price. For example my IEX holdings p/e is 20, which means it is performing reasonably well for my investment price.