From : Jagmohan at 08:56 PM - Jun 14, 2009(32 months ago)
The trouble is overwhelming majority has patience for FDs, ULIPs, SIPs, Land Holdings but not for Equity! If you are not willing to book any loss that is totally understandable and there is nothing wrong about it. There are millions who have invested longterm in RNRL (and that includes Mr.Ambani). If you can wait for the budget of 2010-11, you will make handsome profit besides getting dividend, if announced. My 2 golden rules are:- 1) If it goes up I profit, if it goes down, I buy more! , and 2)If it has gone down, just don't press the SELL button (ofcourse,provided the company is terminally ill, which is rarely the case with A group companies)(remember even Satyam is rising smartly)! You haven't loss a penny till you have booked loss.
From : Jagmohan at 08:39 PM - Jun 14, 2009(32 months ago)
The chart is not very encouraging. You may breakeven (150+) in early 2010. Though painful, booking loss at 100 and switching over to other good stocks and not only recover your loss but help you get accelerated profit by 31mar10.
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