Dating with X

Most of us like heroism i.e. rising like a phoenix, when others gave up. I am not an exception. May be that is the reason, I like Ajay Jadeja, Sachin Tendulkar, Rajnikanth & Ajithkumar.

In spring 2006, Stock Markets were corrected (down) by 31% from its all-time high achieved in the winter. On those days, I was an avid trader tracking “Top Gainers” “Top Losers” lists. I found one stock in the Nifty Basket, which most often found a lonely place in the “Top Gainers” List, while the overall Index (Nifty) is down for the day. Some days, it had company of other defensive stocks (FMCG* & Pharma) also.

*FMCG: Fast Moving Consumer Goods (Soap, Tooth Paste, 

Shampoo, Biscuits, Snacks & Savories, etc; which forms part of our daily routine life and they have to purchased & consumed repeatedly.)

*Defensive Stocks: The expenditure on medical & FMCG are the last one to find a cut in our budget. So, the amket assumes that the companies engaged in these businesses are defensive bets. i.e. they will continue to do good business, regardless of boom or gloom.

It is an unwritten theorem, “In tough times, defensive stocks are the best bet”. 

 

Lets come to my favourite "X". If you look at the recent history, from January 2008 to November 2012, the Sensex is down by nearly 10%. i.e. If you have invested Rs. 10,000/- in the Sensex, it is worth Rs. 9,000/- now. If you consider Inflation, it may be worth less than Rs. 7,000/-. In contrary, “X's” price has more than tripled in this period. No stomach burning, I haven’t invested in X.

By having a steal look at (not reaping/profiting) this kind of return, by now, many more could have joined the bandwagon as one-side lovers of “X”.

In my romantic days, like Rajnikanth’s popular dialogue in Velaikaran “I can talk X, I can walk X, I can sleep X, I can drink X, I can dream X”. 

As I said in my first blog post, those days we used to sleep in our client’s office, because of their proposed IPO. In toiling(?!) midnights, I used to stare at the price of X & read the news column, the so-called experts views & targets, comments by fellow one –siders.

Since , I will wake up very late in the morning, I mostly skipped breakfast those days (paying the price now). My friends used to tease me, I am dating (sorry, investing) X with my breakfast money. Ouch.. I said investing. Please forgive me, those days I don’t know the meaning of investing.

Really, I should be proud of X, because it is my only love, which reciprocated. LOL… It never let me down, not even a single time. Always, I made profits in it. At one time, it gave me an unrealized profit of 25%, but soon it fell down and when my profits became 5%, I sold it. Then, it started to move up, just like my other trades.

Whenever I am investing in X, I felt guilty because I am making money at the cost of others lives… What a socially responsible person?... Santhanam’s Wow…

So, finally with bitterness (like Kalaignar said that DMK will support FDI, with bitterness), I let my "X" go out of my life.

However, I am not sure that I will never invest in X. Now, I am not thinking of it (just keeping it in my Watch list), because it is quoting at very high price.

 

If it trades at sub-100 levels(greed?!?!, may be...), am 99% sure that I will invest in X by giving an explanation like politicians that “Whether the smokers will quit smoking, if I am not investing in this Company?”.

Yes, that X is “ITC”… Brand Owner of the seductive temporary sixth finger.