September 05, 2017

Dealers' Two Way Quotes - Can Be Manipulative

Share Dealers of Unlisted shares are essentially Jobbers . Mostly , they Buy / Sell in their own accounts ( as different from Brokers whose interest does not go beyond earning their Brokerage Commissions )

Many Share Dealers of Unlisted Shares have their websites. Our Blog is happy in providing links  to their Sites.

But what is disturbing is that ,  many a time , the Two Way Quotes ( Buying / Selling Rates ) are false and are a  bluff.

Example if a Dealer wants to Sell some shares he would quote a very high / incorrect Buying Rate. If he wants to Buy , then he would quote a very Low / manipulative Selling rate , although he may have , in his stock , no such shares to sell.

. In the old days of shouting system / chopris in Stock Exchange rings , we called this practice " ULTI AWAAZ "
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Blog :We have taken a policy decision to put on our column " Dealers of Rare Indian Shares " a Standard Warning i.e.

Caution :

Two Way Quotes ( i.e simultaneous Buying / Selling Rates ) given by Dealers  May be Incorrect. Investors, please, Recheck from Independent Sources 

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2 comments:

tushar agarwal said...

100% true

Anonymous said...

Anonymous Anonymous said...
Anugraha Valve is paying good dividend last year rs 5 per share,This year rs 2.Low equity 3.2 Cr, Reserves 160 Cr, Debt free company.

regard