Cnbc Investor Camp-flattering To Deceieve

sh50

Active Member
#1
CNBC HELD AN INVESTOR CAMP IN DELHI ON JULY 17 WHICH MR CHIDAMBARAM APART HAD WORKSHOPS ON VALUE INVESTING, TECHNICAL ANALYSIS AND DERIVATIVES. A LOT OF PEOPLE AT THE CAMP COMPLAINED ABOUT COMPANIES NOT PAYING THEIR MONEY BACK.


EXTRACTS FROM THE CNBC WEBSITE:-

"The Company(TV18) believes that the future of media lies in one word - convergence. In the very near future, as bandwidths increase and technology costs decrease, television and Internet will not only be available on the same box but will also talk to each other.Prime time as we know it will cease to exist. Television will drive the Internet and the Internet will drive television. The future will belong to the player who can offer "integrated media products" - ( as opposed to individual TV shows or web sites) - that capitalize on the synergies of convergence. "

We applied for the ONGC IPO in March,2004. After considerable delay, the first letter for refund was sent on April14,2004 and after my visiting their office twice,my brother in law in Bombay going to their office 5 times(wasting half a day) innumberable phone calls and correspondence, we got our money just a day before the seminar on 16/7/2004.. It would have not been possible to get our money back if we did not have relatives in Bombay. According to Technical analyst, Mr Atul Suri, one of the speakers at the seminar, Reliance and ONGC drive the market. If I may say so, I would say that ONGC may drive the market but it also drives the investor mad. When the principle amount took so long, who has the inclination to fight for interest?
What is the point of information revolution and mass communication if instead of empowerement of the individual, it still results in so much harassment which is where the integration comes in:-

It would not be out of place to mention here that the maverick British Industrialist Richard Branson when faced with unfair trade practices from British Airways used excellent anti-trust laws in America. However in Britain where the UK competition laws are not that strong, he decided to shame BA pubicly and used the media. In India, where the legal system is practically defunct, what it the use of all this if CNBC does not take the initiative and plays the role of Tarun Tejpal for investors and makes the companies behave. Sebi is a toothless tiger and therfore quite ineffective.The CNBC top boss, Mr Raghav Behl was quite happy that the Sebi chairman had responded with alacrity to his SMS. I think he would be even more happy if the investors money is returned with the same swiftness. While referring to Mr Chidambaram in the context of economic reforms, he used the words Main hoon Na from the well known shahruikh Khan movie. Why cant CNBC also play a similar role vis--vis ordinary investors.

Other claims on moneycontrol website:-
Become a one point business and finance destination for Indians and eventually become the hub for anyone who is financially inclined. Empower individuals to better understand and control their financial decisions(indecisions?). Gear to cater to all individuals who have financial needs - whatever their interest areas - business news, markets, mutual funds, fixed income, insurance or stocks -or level of understanding from novice to inexperienced.

I presume all this would include recovering their hard earned money which is why the person at the seminar whose money got stuck got so emotional.

I prevailed upon Udyan Mukherjee the necessity of dividend alerts since brokers have a tendency to keep the shares with them at record date time. I have been trying to learn Techincal analysis and derivatives. www.tradingacademy.com in America has a weekly course with live sessions and followed by free classes for a lifetime. Workshops maybe a good beginning but are grossly inadequate. It is like being asked to a marry someone after a mere introduction.

If CNBC decides not do anything about investor education or grievances, it has flattered to deceive.
 

Traderji

Super Moderator
#2
Interesting and informative write up sh50, keep it up.

You have a good flair for writing and I am sure the forum members would love to hear more from you more frequently.

Keep us updated on your course at tradingacademy.com
 

sh50

Active Member
#3
Thanks for the compliment. I am a writer and a poet.

I don't like to write so long but brevity is not always a virtue especially where someone's hard earned money is concerned.
 
Last edited:

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?