This is a post which is being written to warn you from false information being distributed through SMS. From last 4 – 6 months I get SMS alert on my mobile. Sometimes they say buy this stock, it has XXX news to come, buy that stock its sales data are good, stock price will move up.
Investors: - these SMSs are not for you, do not make any investment based on these SMSs. believe me, I bought two stocks based on such SMSs. One is Anus Lab (currently I hold this stock) and another is Alkali Metals. I realised afterwards, I got these sms when they stocks were already at top, then they fell fell and fell. Like me many people lost money, so do not make purchase based on any such sms.
Today I saw a news in CNBC, they said that 80% of such promotions caused people to lose money anywhere around 40 – 60%. They are trying to sell stocks by providing some false information.
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