An Empirical Analysis of the Relationship between New Investors and the Telecommunications Stocks 'Bubble Post the Egyptian Revolution

摘要: The Egyptian Exchange (EGX) declined 6.25% following the beginning of the Egyptian Revolution 2011 on 25 th January. EGX was closed after revolution for a period 55 days, till it reopened Wednesday 23 rd March and market fell by further 8.9% reopening. Subsequently, all indices soared during from end May 2011. Therefore, this study shares with some existing works objective getting better understanding investor behavior financial bubbles aims to analyze empirically relationship between new investors (NI) telecommunications stocks’ bubble that occurs revolution.  A similar methodology is employed as used in previous studies particular, Gong, Pan Shi (2015). empirical findings research effort reveal (1) initiated bubble; (2) continuous entrance sustained (3) slow decline average price stocks over time due investors. Compared other factors, stream most robust driving force whole trading period. Key Words: Telecommunications Stocks- Financial Bubble- New Investors (NI)-Behavioral Finance- -Egyptian Revolution- 30 Index- Black-Scholes value- Volatility- Market Return