In a shocking blow to the confidence of petty investors, a MNC which was highly lauded for its corporate governance and which was backed by visionary stock pickers like Ramesh Damani and Kenneth Andrade has grudgingly admitted that its accounts are not “true and fair” and that a fraud appears to have been perpetrated
It is now almost certain that a worst-case-scenario will unfold from Ricoh India, a MNC stock once backed by super-savvy investors like Ramesh Damani and Kenneth Andrade. Investors are trapped, with no escape route in sight
It is astonishing but true that if Bill Ackman, one of the finest investing minds, had adopted the investment strategy followed by our local gurus, he would have been spared the crippling loss that he suffered this week owing to the failure of his all-time favourite stock
Average Raju investors like you and me usually hold whiz-kid investors in awe. We believe that their stock picking skills are far superior to ours and that is how they get to manage billions of dollars. However, the reality is that novice investors are better than, and have an edge over, their whiz-kid counterparts say experts
Investors have always had the lurking suspicion that some unscrupulous analysts may be indulging in the nefarious practice of pump n’ dump. This is now proved true in investigations carried out by the SEC. The shocking aspect is that even highly reputed research houses are party to this
An ace stock picker who shot to notoriety for trapping short-sellers in the “Mother of all Bear squeezes” and pocketing a fortune of Rs. 350 crore has been arrested for “securities fraud”. Will he be able to bail himself out of the mess?
A punter who devised a devious plan to send the stock price surging or plunging based on bogus tweets has been busted and faces 25 years in jail. Sadly for him, while he caused a market loss of Rs. 8 crore, his gains from the fraud was only Rs. 6,000
After Bill Ackman, Ruane Cunniff, another large shareholder of Valeant Pharma, has rushed to the defense of Valeant Pharma. It complained of experiencing “extraordinary level of pain” at the steep plunge of Valeant’s stock price but gave a clean chit to the beleaguered company and its CEO
Bill Ackman’s Pershing Square Hedge Fund has lost $2 Billion of its investment in Valeant Pharma on the back of allegations that Valeant is an “Enron like fraud”. If a super-savvy investor like Bill Ackman can’t get his investments right, what chance do ordinary investors have?
SEBI has dashed the hopes of punters who had lost money in the Surana Solar fiasco by directing that the payout be made to the parties who sold the shares. The masterminds behind the scheme are laughing their way to the bank
Recent Comments