Ola Electric Post IPO Bull Run
How did it happen? I researched well before the IPO and everyone was against Ola’s IPO referencing their losses and weak financials. As a result didn’t apply and still regret and think who are those investors giving damn valuations to Ola electric? Like it has grown 70%+ since inception of IPO and everyday I see it reached 20% upper circuit. On one side people are ranting Bhavesh and Ola while on the other hand they are aggressively purchasing Ola shares. What do you think about it? Is it a bubble or a missed opportunity?
The market doesnt care about the people mostly , alpha in trading is going against the crowd , i remember the relentless fud on zomato too , see the chart now
What even we talk about fundamentals, does ola have strong fundamentals? See news about ola maps and map my india, you will see fundamentals are even weak. I just want to know what is driving this bull run?
Basic rules if you are trading with small amount:
1. Never bet against institutional investors
2. Never believe what viral influencers are saying, most are paid and remaining are stupid
3. Don’t bet against founders with rigorous execution
Retarded retail investors are very much willing to become bag holders, that’s what happened. Promoters have successfully sold off so many shares that their current holdings is less than 40%, at IPO this number was at 85%
