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  Reliance   (Stocks)  
We have it, we see it but cannot sieze the opportunity
Dear NODIK

Please do believe me that although this MMB keeps pouncing on me on siding RIL and Mukesh which I think it is but natural since I am a genuine shareholder of the comapny I have taken into consideration several view and decided not to further invest in RIL and started adding on to other companies in my portfolio.

I have not as much knowledge as to pick multibaggers in unknown names which some investors look for privy information although I did well for example picked L&T at Rs 487 and sold at Rs 1729 and Rs 1558 since I am not happy with an EPS of Rs 9 for Q2 after taking off the exceptional item. In that event if RIL was not under a cloud that Q2 performance of RIL can be considered at Rs 40! So I sold off L&T fearing a collapse.

I did well in PSUs much against market news flows and expectations.

So owning RIL to the extent I hold now was a dream fulfilled so I am not selling and look at it from longterm perspective. Somehow a collapse in RIL will damage our markets and economy considerably since RIL could contribute as much as 1% to the GDP itself.

I also feel that supporting RIL will serve our power needs for which we are perennially short and which does not allow us to grow even faster on our OWN if you look at the import figures of crude.

So I wish this board would realise that I am considering and taking in the arguments and this is a sort of dipstick indicator for me to know the sentiments and emotions now and in the future.

However I would like MMB boarders to substantiate arguements with the SOURCE of information and facts and figures.

Corruption and bribery being a common denominator in this country also where both Mukesh as well as Anil is concerned are some of the topics that I have to avoid for the time being since I do not expect a RADICAL improvement in this direction. We are talking about corrupt GOI officials and politicans taking over corrupt business so it might make matters worse and setback our country by another 100 years.

So let us hope for a graudal changeover to honesty and better corporate governance and this could be possible because of the computer age and information technology. It might happen faster than we imagine. Let us all put our heads together on this.


I cannot possibly get away with my one-sided views and don`t expect the same.
  
Posted By     bhusbhac

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