If you want to make “Paisa Ka Kachra” then follow these blogs recommending junk stocks & calling them - Strong fundamental multibagger in long term.

Today I was just goggling around and saw couple of blogs or websites recommending stocks with no reason why one should hold or buy….In fact there is nothing wrong in suggesting any stocks to anybody buy it would be always wise to recommend good stocks (if you do good to other, you will get the same return)……let see some sample blogs...

Blog#1 - Beware of these blogs which just list names of the companies and recommends for investment. Our comments are in BLUE for each stock. Stocks highlighted in RED/BLACK should not be consider for investment ever.
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CMP as on: 3-08-2008 BSE

1) Karuturi Networks - 14.65 (Adjusted Price) - This is high risk/return company expanding their agro business abroad, due to lack of fund their plan might be de-railed.

2) Harig Crankshafts - 1.22 - Penny Stock (It appears this shall be 50 p stock soon. As per data on bse promoters hold only 7.5% so they can easily get lured by takeover offer or get delisted).

3) Bellary Steels and Alloys - 2.45 - Penny Stock (Mr. Shockmarket was recommending this stock in moneycontrol when it was Rs 15 in Jan'08 with target Rs 180+, with valuable tips on bellary steel especially on the restructuring plan, now a days he is not seen at all on this counter everybody is eagerly waiting for him:-)

4) Compact Disc India Limited - 38.80 - Promoters doesn't have good track record, who will believe the tall claims and results of this fraud management? They could not even re-list their suspended company Total Exports so far. They will make big announcements like (Compact Disc gets investment commitment worth $ 10 million from iMedia Ventures; do you know if iMedia exists or not?) and sell their own shares. Eventually it become a vanished company like their other company-Total Exports.

5) Amtek India - 74 - This is a good company not a great multibagger, at least Amtek Auto is much better than Amtek India.

6) Valuemart Technologies - 2.66 - Penny Stock (GOD only know what this company does, with no disclosure or details how can one say that it is potential multibagger.

7) Pochiraju Industries - 15.05 - Yet another flower export company. The company, which is in the floriculture business, is diversifying into the pharma/biopharma space, for which they raised funds through the IPO in 2007. Promoters doesn't know what to do? Is there any link between flower and pharm!!!

8) Paramount Communications - 13.7 - It is actually "Paramount Wires & Cables Ltd" one of the largest Indian Cable Manufacturers. Like Steel or Iron this company is a commodity play with no moats or entry barrier. Such companies are better to ignore.

9) Southern Iron and Steel - 39.60 - M/S Southern Iron and Steel Company Ltd (SISCOL) has merged with JSW STEEL LTD (JSWSL), not sure why this company was recommended.

10) Suprajit Engineering - 63 - This is a good company, but not great or doesn't have all the quality to becomes a potential multibagger.

11) Western India Shipyard - 11.20 - The company's shareholders has filled caveat against ABG Shipyard for takeover, just because ABG is buying this company, one should not invest in it.

12) Himalya International - 23.15 - It was in limelight after signing deal with reliance retail on supply of agro products. The company has a wholly owned subsidiary namely, Global Reliance, which takes care of all the shipment work of the company. So, will we make decision on just one contract, I will not.

This is building an asset class for your prime age! So go ahead and invest NOW.
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Lesson Learnt: One should not follow blindly any site/blog until unless there is strong reason (which at least satisfies all your queries) mentioned there to support. There might be self interest of someone who is posting. Why anyone will just post wealth creator stocks name, first he/she should go and invest rather than asking anyone or suggesting anyone. Moreover if a stocks does have such potential to becomes multibagger then how one can know out of 10-12 stocks mentioned above which one will becomes wealth creator!!!