Any Movement I feel will be major news based. As the plans are very big, there could be some delay in the execution . I expect it to be around 2000 levels by April-May 08 and around 5000 Around Jun 09 or earlier. First Major trigers could be in a month or two. I feel the annoucements will come together for Jai Corp and RIIL some time soon. This is a long term wealth creator stock so it could disappoint in short/medium term. Though If one has entered at 1000 levels he should be quite satifised because in case of any major correction in the markets even upto 20% or more , I am quite certain that it will not breach 1000 levels so the money is very safe. One could allocate medium/low risk money for moderate to aggresive gains over a period of time.
And for the query if one has put money in different company, that it quite true, I could give one example , When Jai was at 1000 levels few months back I was tempted to switch some money into JP associates which was at similar levels but For some reason I did not and now JP is around 2500 levels (after split) while Jai is still around 1150 levels. Like RJ once said - Never think about what you did not do in the stock markets.
And for the query if one has put money in different company, that it quite true, I could give one example , When Jai was at 1000 levels few months back I was tempted to switch some money into JP associates which was at similar levels but For some reason I did not and now JP is around 2500 levels (after split) while Jai is still around 1150 levels. Like RJ once said - Never think about what you did not do in the stock markets.
Hi JnJ,
I agree with you on this... Patience is the key here.
As we have already seen RIIL hitting UCs regularly now.
Regards!