Yeh Hai Stock Market Meri Jaan

Todays episode was interesting, rather very interesting. The steel sector has been very hot for the past 2-3 days and for the past few months we have observed that there have been strong sectoral growth. First it was Banking, then Media, then Energy and now we thought it would be Steel seeing the data for the past two days. So we bought some steel stocks yesterday and my friend bought some today. The stock was already 18% up when he managed to buy it. The steel stocks were unavailable in the market today. NO ONE WANTED TO SELL. Then within an hour of his order getting executed, the price of the stock was 10% down. TO CAP IT ALL, there was a notification that the company is buying the shares back from the market for a sum which was much below than the one he had bought for.

All our data was proved wrong, some precious money lost, but THANK GOD WE ARE SMALL FISHES and 2 or 3 zeroes do not mean THE END for us. BUT Yeh Hai Stock Market Meri Jaan, so be careful.