Thursday, January 17, 2008

IPO madrush, where are we heading?

All roads lead to Anil Ambani's treasure!
Atleast in the case of money.
Reliance power IPO is making investors crazy.
People have borrowed from banks, relatives to invest in this IPO.
Some have liquidated FDs, some sold off their long term investments...
Just because they expect this scrip to list at whopping 900 rupees!
That is cool 100% profit in a matter of two weeks!
But is this the way we expect our stock market to be looked at.
This seems to be a crazy trend, which may brutally trap
the retail investors at a certain point and unstable the economy.
Remember the mid-nineties when people rushed to invest in double your money schemes?
This mad rush is no different!

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