Riding Momentum can Kill an Investor - Wockhardt an Example

We have seen retail investors, as also many members here, love to buy momentum stocks, either because buy call is given by the hourly experts on Media, as also supported by Channel Anchor.  Both of them lack fundamental knowledge of the stock and sector, but give buy call on rising stock and sell call on weak stock of the day. Nobody will question them next day, if a stock falls, on which buy call was given, while both will blow their Trumpet, if stock rises, saying Channel effect. :)

One such stock is Wockhardt. Share closed at Rs. 620 yesterday on 1st June, Moved to Rs. 800 plus on 26th May, a day ahead of its Q4 numbers on 27th May. Q4 numbers came on 27th May, at 2 pm, reporting Q4 Net Loss of Rs. 178 crore, making share tank to Rs.675. A loss of over 22%, being Rs. 180 in less than 1 week.

Hence, request to stop riding momentum, especially on call given by the hourly experts and media anchors.

Or will get killed without having Corona :)

This is not a buy or sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.