From 2,150 IPO listing price to 346, 84% wealth erosion.
Two exercises
I understand retail investors who got burnt here. But remember how many mutual funds brought tham during ipo and then later post ipo. Imo they so-called analysts are not worth the money paid. Till date market is on a one way direction so all these mutual funds were looking like geniuses, we will know the smart and the dumb money when the market starts going sideways for a decade.
Good time to average now? I just started buying my first set of shares from today. 10 each day for 1 week
There is a reason, retail stock investors are known as dumb money.
Retail investors should have been cautious and should have done their research, Instead of relying on tips..
P.S. Not seeking directions, just some sane advice. I was in a murky situation with PNB a few years ago, and I successfully managed to accumulate and now they are doing handsomely!
How much more do you think Paytm will fall further? It has already crashed by 150+, blood everywhere!
Below 300
