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Avoid reliance above 2000....

Reliance

Posted by : pss5588
Price when posted : BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )

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CAME ACROSS THE FOLLOWING OBSERVATIONS

There is not much financial information around. The company Lyondell (US based) and Basell (Nethrland based) merged only in 2007 and the combined company is in bankruptcy. Had it been all share deal, things would have been different. I do not like the mergers of two bankrupt companies. That merger has not even consolidated, and this Mukesh is leading RIL into another merger or take over.

When Time Inc was in difficulty, it sought the merger with Warner Communications. Every analyst heralded the merger – except me. It then became Time Warner (Like Lyiondell & Basell). The company’s debt sunk into junk status. Then they saw American On Line (AOL) having fastest growth with no assets. They merged to become AOL Tme Warner. When the dotcom busted, they dropped AOL and now it is proposed to be spun off. Mukesh is following exactly same pattern.

On one hand, he is turning his own blood and brother into bitter enemy and now seeks to make multiple enemies into best friends. Stupid.

Any Indian company making acquisition in USA is bound to fail, because their system of accounting is weird and culture too is complex. The legal system of US generally favor locals – its transparency is sugar coated. My general view is that whoever invested in USA and China ultimately suffered heaviest losses in less than 3 years. Examples: Chevron, Panasonic, Sony, British Airways, etc. From India, Hindalco’s acquisition of Noveilis. Philip Morris after 5 years got out of China, Dairy Farm of Hong Kong also came out of China, Kraft food products, maker of Kraft cheese, does not make enough money in China and it is coming out. Those who want to lose money big time in less than 3 years buy companies in USA and China – and my opinion still stands.

Of late, the Mukesh Ambani is making increasing number of strategic mistakes. He does not have US$ 12 Billions, so he will have to borrow extremely large sum from the debt market (when the interest rates are likely to rise dramatically). He has realized that the growth in RIL is now limited, so he is venturing into costly acquisitions. He had never bought a company worth US$ 3 billions, why does he go for $ 12 billions when the USA is in recession, Europe is in recession (company is headquartered in Netherlands) and the interest rates though low now will rise to double digits in no time?


I believe that RIL is driven in reverse gears with full speed with no front mirror. GET OUT OF RIL as soon as possible. Mukesh is leading his flagship company to bankruptcy. He has lost focus. There were large amount of forex losses (mostly derivative contracts like CDO or CDS but appear to be concealed in the name of Forex losses – this is why RPl was merged with RIL)

?????????...

In reply to:

Avoid reliance above 2000....

Posted by : subasu

It should be read as:

RIL always abides by Rules as it understands them and would interpret them.

ANOTHER DOWN C I R C U I T. .

Austral Coke &

Posted by : pss5588
Price when posted : BSE: Rs 8.73 ( 3.80 % )

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aak sir mention atleast a couple of shares which are sub 100 and good.

Even donating money nowadays is useless for most of it is siphoned away from the orphans, better to utilise it in your vicinity for like children....

In reply to:

ANOTHER DOWN C I R C U I T. .

Posted by : aakiurs

Dear justpassout. Why do you want to buy this stock. Just becoz it is cheap. I have told, another boarder has told in another thread abt promoter offloading, nse data shows this.

When promotor itself is selling shares, forget pledging, then why do you want to buy it.

If you have 24K to invest, buy some good company with good fundamentals. There are many companies sub 100 which are good.

Stoploss of 160 & Short term Target of 193

Maytas Infra

Posted by : pss5588
Price when posted : BSE: Rs 164.85 ( -1.58 % ), NSE: Rs. 165.35 ( -1.25 % )

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The momentary flash was for 150.80 and not 155 pqji....

In reply to:

Stoploss of 160 & Short term Target of 193

Posted by : pitquote

some thing funny is happening today

there was a flash for 174.00 with sizeable quantity from 172.00 and then it was again dragged down

in the same way there was a flash of 155.00 for a second and vanished

who is the culprit or can call joker

Avoid reliance above 2000....

Reliance

Posted by : pss5588
Price when posted : BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )

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tallyji

I am as serious as the chief was in making the ridiculous quote... RIL ABIDES BY ALL RULES......IT DOES QUALIFY TO BE THE JOKE OF THE CENTURY for their motto has always been ... BEND IT LIKE BECKHAM...

In reply to:

Avoid reliance above 2000....

Posted by : tally

Dear pss, I hope you are not serious???

Reliance plans aggressive exploration

Reliance

Posted by : fortis
Price when posted : BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )

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Mis-understandings were cleared by HC but Mukbhai wants to to have all the booty from dad. Remember dad was good at such games. Mukh will try to hoodwink the SC.Let us see ca he do?...

In reply to:

Reliance plans aggressive exploration

Posted by : tara23

more than mou, it is memorandum of miss understanding... :-)

velan price query

Velan Hotels

Posted by : mediarjn
Price when posted : BSE: Rs 31.18 ( -5.00 % )

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from Rs. 8/- to 35/- now will go down to Rs. 20/- then it will consolidate there....

In reply to:

velan price query

Posted by : maxter

why velan hotel is falling?
will it go up or continue to fall down?

Gujarat Fluorochemicals

Guj Flourochem

Posted by : Cool Bull
Price when posted : BSE: Rs 138.60 ( 6.82 % ), NSE: Rs. 138.90 ( 6.89 % )

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Dividend received. ...

In reply to:

Gujarat Fluorochemicals

Posted by : nsrangan

Did any member receive the interim dividend? I have not yet received.
nsrangan

Cals News

Cals Refineries

Posted by : tara23
Price when posted : BSE: Rs 0.51 ( -3.77 % )

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technically(icici) they are wrong in so many things :-)...

In reply to:

Cals News

Posted by : SM_1

icici technical analysis was also saying yesterday that Bharit Airtel should go down to 60 rs.. and today it went up..

Cals News

Cals Refineries

Posted by : SM_1
Price when posted : BSE: Rs 0.51 ( -3.77 % )

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icici technical analysis was also saying yesterday that Bharit Airtel should go down to 60 rs.. and today it went up.....

In reply to:

Cals News

Posted by : ranan

Icici technical analysys showin that cals will be reaching 0.01-0.06 rs.

Price Bars | Candlesticks | Line | Mountain


You may find additional events by using the Historical Technical Event® Lookup.



View Event Date Event Opportunity Type Close at Event Target Price Range
Nov 23, 2009 Descending Continuation Triangle Long-Term Bearish 0.53 0.01 - 0.06

querry abt negative news////

Cals Refineries

Posted by : PKUMAR97
Price when posted : BSE: Rs 0.51 ( -3.77 % )

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kidhar hey bhai ,.. am not even comming to this board now .. ram bhai seems like we can start buying now for shorterm profits now .. what do u say ...

In reply to:

querry abt negative news////

Posted by : RamBhole

after yesterdays post market hours force LC... I was little sceptic about it` bottom formation... VERY DIFFICULT TO PREDICT... one thing is certain some vested interest will continue it`s effort to drag it down... within a normal condition, for a normal counter, on a force LC day 99.25% delivery is not at all bad... but problem for Cals is... buying is not coming from BIG players end...

Although it`s true that loan from state government is part of FC and it is a step in the direction of FC, but according to me there is nothing positive on CALS recent announcement....

let`s see...

Regards,
RAM

Heading

Karuturi Global

Posted by : tara23
Price when posted : BSE: Rs 16.91 ( -0.59 % ), NSE: Rs. 16.90 ( -0.29 % )

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it is all insiders ..according to rumours.. floating now...

In reply to:

Heading

Posted by : ggpalan

On 19th November three block deals of Karuturi, one in NSE for 19.45 Lacs and two in BSE for 20.02 Lacs and 9.26 lacs have taken place. Details of who bought and who sold not available in money control. Did anybody find it in any other website. Please post it. It will be useful to everybody. Thanks

book profits

Ispat Industrie

Posted by : shahbaz
Price when posted : BSE: Rs 20.45 ( -2.15 % ), NSE: Rs. 20.50 ( -1.91 % )

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I am extremely sorry, the information what I got I passed to boarder....

In reply to:

book profits

Posted by : Guest

Hi Shahbaz,
what happened to the hot news? Can the target of 24 be reached atleast on 25th? Can you please reply immediately?

Bogus Afterthought

Reliance

Posted by : tally
Price when posted : BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )

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Joker tendered aplogy -- foot in his mouth ---...

In reply to:

Bogus Afterthought

Posted by : sharadkumark

Then why Saudi Envoy left crying the Terrorst conference after speech of your Joker.

Mahindra satyam may not see above 100 mark again....

Mahindra Satyam

Posted by : marketman
Price when posted : BSE: Rs 101.65 ( -1.88 % ), NSE: Rs. 101.60 ( -2.03 % )

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It is shame to see this scrip trading at above 100 at the moment.... not at all worth to stay above 100 mark in the near term.......

In reply to:

Mahindra satyam may not see above 100 mark again....

Posted by : marketman

Dear karshin,full support to your good work.... pl keep it up....

Heading

Karuturi Global

Posted by : ggpalan
Price when posted : BSE: Rs 16.91 ( -0.59 % ), NSE: Rs. 16.90 ( -0.29 % )

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On 19th November three block deals of Karuturi, one in NSE for 19.45 Lacs and two in BSE for 20.02 Lacs and 9.26 lacs have taken place. Details of who bought and who sold not available in money control. Did anybody find it in any other website. Please post it. It will be useful to everybody. Thanks...