4 Traps of Signal-Selling Channels, Counted Down: PZAZ Sat on the Limit-Down Floor for Four Sessions and Closed 27.6% Below Its 13 October Close (Thursday 12 November 2026)

This piece does not attribute any action to any channel or person. It tests four familiar patterns in trading "signal" messages against dated Sahmino data: showing only the best result, the cost of every message, a "last chance" call and price excitement. The countdown starts at number four and ends at number one. Prices are in rials and are the printed closing price of the session named; the scorecard and screener readings are dated 12 November 2026.

4. One row of the scorecard is an incomplete picture

Every night Sahmino records the completed technical setups on the Tehran Stock Exchange as "claims" and gives each a target and an invalidation level. A claim settles when it reaches the target before the invalidation level, hits the invalidation level, or runs out its time. The current version of the record (a2) shows this for bullish claims filed in a "rising, calm" market:

• Volatility breakout: 43 settled claims, 31 reached the target; 31 ÷ 43 = 72.1%.
• Intermediate momentum: 547 claims, 376 reached the target; 376 ÷ 547 = 68.7%.
• Price-range breakout: 264 claims, 155 reached the target; 155 ÷ 264 = 58.7%.
• Asset trend: 37 claims, 8 reached the target, 26 were invalidated and 3 expired; 8 ÷ 37 = 21.6%.

All four rows come from one ledger, one version and one market weather, and the target rate runs from 21.6% to 72.1%. A message that shows only the best row would use a correct number to paint an incomplete picture. The two smaller rows (43 and 37 claims) rest on a smaller sample than the 547, and are not equal in weight to it. "Reached the target" is also not the profit on a trade. This record measures only Sahmino's own previously filed claims; more is in Four beginner mistakes on the Tehran bourse.

3. Every message is a round trip

According to the fee tables (read on 2 August 2026), buying shares on the Tehran bourse costs 0.3712% in fees and selling costs 0.88%, which includes the seller's 0.5% tax: 0.3712 + 0.88 = 1.2512%. On the Farabourse it is 0.3632 + 0.88 = 1.2432%. So the price has to rise about 1.25% for a trade to merely return to zero.

In the same Sahmino record, the average recorded return of bullish "price-range breakout" claims (264 claims, 6.97 sessions on average) is 0.82%: 0.82 - 1.2512 = minus 0.43 percentage points. For the bullish MACD crossover (318 claims, average 1.93% over 6.89 sessions) the remainder is 0.68 points, and for intermediate momentum (547 claims, average 3.16% over 8.18 sessions) it is 1.91. A channel's subscription price is another figure Sahmino does not have; every rial of it comes out of that remainder. A claim's return is not a trade's return, and this calculation only shows the order of magnitude.

2. A "last chance" message reaches a closed market

Today is Thursday 12 November 2026. The market is closed and, on the session schedule, the next pre-open is Saturday 14 November at 08:30 with trading from 09:00. Every symbol also has a daily price band: on 11 November, with a previous close of 308,800 rials, PZAZ could trade between 299,600 and 318,000 rials, about 3% either way ((318,000 - 308,800) ÷ 308,800 = 2.98%). So "tonight is the last chance" has nothing to trade until 09:00 on Saturday, and in Saturday's session a symbol with that band cannot move more than about 3% from its previous close. Each symbol's band can be read on its own page.

1. Price excitement, until the exit is shut

PZAZ (metal ore mining, Farabourse second market) closed at 108,700 rials on 19 May 2026 and at 414,000 rials on 13 October: 414,000 ÷ 108,700 = 3.81 times, or 280.9% higher. That day's intraday high was 425,600 rials. It then closed four consecutive sessions, 21, 24, 25 and 26 October, at 364,500, 353,600, 343,000 and 332,800 rials, and in each of the four the open, high, low and last price were the same; every session was about 3% below the previous one, on the floor of the band. Volumes were 7,985,268, 3,231,353, 4,312,073 and 6,811,795 shares. From the 20 October close (375,700) to 26 October the fall was (375,700 - 332,800) ÷ 375,700 = 11.4%. On the next session, 27 October, 101,249,142 shares changed hands, the largest single-session volume since 19 May.

The close on 11 November was 299,600 rials: (414,000 - 299,600) ÷ 414,000 = 27.6% below the 13 October close (29.6% below that day's intraday high). Over the same span the Farabourse Overall Index went from 66,223.49 to 70,833.73 points: 70,833.73 ÷ 66,223.49 - 1 = 7.0% higher. This example is not proof of a pump and dump. We do not know the cause of the move and we do not claim any channel posted about it; it shows only the shape of a path: a stepwise climb, then sessions in which the price sat locked on the floor. Closes and volumes are read from PZAZ's page on Sahmino.

Takeaway

The four traps share one root: a number told without the shadow of the rest of the ledger, the cost, the market's clock or the way out. Number one, PZAZ's 27.6% fall against a 7.0% rise in the index between 13 October and 11 November 2026, is one window and not a verdict on shares or channels. The calculations leave out PZAZ's own fees, cash dividends and any other tax, and the fee rates come from tables read on 2 August 2026.

In the Sahmino screener the same shape can be filtered in the equity group: three-month return of at least 40%, one-month fall of at least 15% and a 20-session average traded value of at least 20 billion rials. On the night of 12 November 2026 (overnight reading) 12 of the 2,216 equity symbols passed, and PZAZ was one of them.