Till recently, theindianstocks.com used to give free day trading calls. However, starting April 7, 2008, this has become a pay-service.
The pay-service has quite interestingly coincided with more than a 90% drop in their calls working. The administrators of the live calls room are quite erratic with what they say. It was promised that if one were to post 3 messages on their board one would get free trading calls in their live chat. However, all the promises have gone down the drain. Most investors might have lost lots of money. Members were also asked to transfer amounts they would like theindianstocks.com to invest on their behalf, to one Mr. Raheja’s HDFC account.
I am sure many have done that and are they should be encouraged to put up their experiences here.. It would be interesting to see if this would fall under the money laundering act and whether Ministry of Finance / Income Tax Department will take any action against the owners of theindianstocks.com.