Forecasting Folly: Equirus Edition

In the Business India edition dated Oct 26-Nov 8,2015, Pankaj Sharma of Equirus made the following statement:



Subsequently,on Nov 6,2015, Dr.Reddy’s Labs received a warning letter from the United States Food and Drug Administration regarding its manufacturing facilities.

This caused the stock price to crash losing 15% in the next couple of days & eroding more than 10,000 Crores in market cap.

Forecasting Folly,anyone?