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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Why we are investing?

Why we are investing?

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wcwchamara

wcwchamara
Senior Equity Analytic
Senior Equity Analytic
Guys, I don't see any reason for investing our money in the CSE. I entered to this market at the beginning of the year and now my overall lost is around 20% for this year. Few days ago I saw someone stated that CSE is the only Asian market with rising price indexes for month of September with compared to the last year. But day-by-day our lost is increasing slightly.

At the beginning of the September we thought that bullish September has begun. But at the end everyone got losses other than manipulators. Also at the beginning of October we thought in a same way. Now we are in mid of October but still the market is dull. Someone can explain this is due to credit clearance or global economic crisis. But everyday if we are getting losses due to an any reason, why we are investing?

If I put my money in a FD I will be getting at least 8% interest.

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Post Wed Oct 12, 2011 11:36 am by pushpakumara

@wcwchamara wrote:Guys, I don't see any reason for investing our money in the CSE. I entered to this market at the beginning of the year and now my overall lost is around 20% for this year. Few days ago I saw someone stated that CSE is the only Asian market with rising price indexes for month of September with compared to the last year. But day-by-day our lost is increasing slightly.

At the beginning of the September we thought that bullish September has begun. But at the end everyone got losses other than manipulators. Also at the beginning of October we thought in a same way. Now we are in mid of October but still the market is dull. Someone can explain this is due to credit clearance or global economic crisis. But everyday if we are getting losses due to an any reason, why we are investing?

If I put my money in a FD I will be getting at least 8% interest.

It was a timely statement knowingly the market is going down. Can they make the same statement as at today?.I presume It should be a negative figure by now ( I do not have the statistics in hand). Then for whom those statements? Whom are they trying to fool? Is it for their survival or are they trying to take us on a ride ?



Last edited by pushpakumara on Wed Oct 12, 2011 12:04 pm; edited 1 time in total

Leo

Post Wed Oct 12, 2011 11:50 am by Leo

True it seems its better to de-invest from CSE. And let only the manipulators play. Why should we loose our hard earned money. CSE always welcome manipulators. But no controls. Pure casino, where only one party wins the game. Fundamentals or speculators, all loose in such a place.
This is not a Blood Bath. But muder. Only left to die now.

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Post Wed Oct 12, 2011 12:48 pm by Universalgoal

Hey Leo dont do that we dont want to loose a good investor Sad Sad

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Post Wed Oct 12, 2011 1:07 pm by Aamiable

is it a good time to collect Question

Leo

Post Wed Oct 12, 2011 1:13 pm by Leo

@Universalgoal wrote:Hey Leo dont do that we dont want to loose a good investor Sad Sad

thanks pal. There is one person finally crying for me. Laughing Laughing Laughing

bakapandithaya

Post Wed Oct 12, 2011 1:28 pm by bakapandithaya

That's y we say pig mkt

ashoka1966

Post Wed Oct 12, 2011 1:52 pm by ashoka1966

@wcwchamara wrote:Guys, I don't see any reason for investing our money in the CSE. I entered to this market at the beginning of the year and now my overall lost is around 20% for this year. Few days ago I saw someone stated that CSE is the only Asian market with rising price indexes for month of September with compared to the last year. But day-by-day our lost is increasing slightly.
I am also really fed up with this down trend.
You are good. You lost about 20%.
I have already lost about 30-40% of my portfolio.

I have invested an all so called “fundamentally strong” shares such as BFL,SAMP, LOLC,GRAN,DFCC ,RICH,NTB,MBSL,KGAL,MAL&CFLB..etc.
But they all sink day by day.

I do not know what the authorities are doing.
In recent “Prathilabha” program , I watch one big shot flattered that from 30thsep 2010 to 30thsep2011 CSE shown a significant improvement and CSE is the best in Asian stock market.

But reality is:
Symbol Date Open High Low Closed
ASI 9/30/2010 6929.9 7015.67 6929.9 6997.22
ASI 9/30/2011 6748.1 6792.99 6748.1 6783.55
(Above figures were taken from DirectFN)

I am really worried about the future of Colombo stock market and money that we have already invested there , with authorities of such nature who are not reluctant to tell fabricated stories for the sake of safe guarding their positions.

Leo

Post Wed Oct 12, 2011 2:09 pm by Leo

@ashoka1966 wrote:
@wcwchamara wrote:Guys, I don't see any reason for investing our money in the CSE. I entered to this market at the beginning of the year and now my overall lost is around 20% for this year. Few days ago I saw someone stated that CSE is the only Asian market with rising price indexes for month of September with compared to the last year. But day-by-day our lost is increasing slightly.
I am also really fed up with this down trend.
You are good. You lost about 20%.
I have already lost about 30-40% of my portfolio.

I have invested an all so called “fundamentally strong” shares such as BFL,SAMP, LOLC,GRAN,DFCC ,RICH,NTB,MBSL,KGAL,MAL&CFLB..etc.
But they all sink day by day.

I do not know what the authorities are doing.
In recent “Prathilabha” program , I watch one big shot flattered that from 30thsep 2010 to 30thsep2011 CSE shown a significant improvement and CSE is the best in Asian stock market.

But reality is:
Symbol Date Open High Low Closed
ASI 9/30/2010 6929.9 7015.67 6929.9 6997.22
ASI 9/30/2011 6748.1 6792.99 6748.1 6783.55
(Above figures were taken from DirectFN)

I am really worried about the future of Colombo stock market and money that we have already invested there , with authorities of such nature who are not reluctant to tell fabricated stories for the sake of safe guarding their positions.


Surely those big shots are the ones getting the maximum(Prathilabha) profits. Not us.
They might have not spoke about the CSE. It could be some thing els. Such as the fish market or Pettah market that they spoke of. Laughing Laughing Laughing

wcwchamara

Post Wed Oct 12, 2011 2:30 pm by wcwchamara

@ashoka1966 wrote:
@wcwchamara wrote:Guys, I don't see any reason for investing our money in the CSE. I entered to this market at the beginning of the year and now my overall lost is around 20% for this year. Few days ago I saw someone stated that CSE is the only Asian market with rising price indexes for month of September with compared to the last year. But day-by-day our lost is increasing slightly.
I am also really fed up with this down trend.
You are good. You lost about 20%.
I have already lost about 30-40% of my portfolio.

I have invested an all so called “fundamentally strong” shares such as BFL,SAMP, LOLC,GRAN,DFCC ,RICH,NTB,MBSL,KGAL,MAL&CFLB..etc.
But they all sink day by day.

I do not know what the authorities are doing.
In recent “Prathilabha” program , I watch one big shot flattered that from 30thsep 2010 to 30thsep2011 CSE shown a significant improvement and CSE is the best in Asian stock market.

But reality is:
Symbol Date Open High Low Closed
ASI 9/30/2010 6929.9 7015.67 6929.9 6997.22
ASI 9/30/2011 6748.1 6792.99 6748.1 6783.55
(Above figures were taken from DirectFN)

I am really worried about the future of Colombo stock market and money that we have already invested there , with authorities of such nature who are not reluctant to tell fabricated stories for the sake of safe guarding their positions.
Personally I don't like PRATHILABHA program. SEC is trying to fool the people and find new retailers for steal their money as well.

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Post Wed Oct 12, 2011 2:39 pm by PGNN

Thought of EXIT from the CSE even at a huge lose, better to buy some GOLD.

bakapandithaya

Post Wed Oct 12, 2011 2:40 pm by bakapandithaya

Don;t worry, mkt may go down further, ammapa mewa kata kiyannada?

Leo

Post Wed Oct 12, 2011 3:19 pm by Leo

what are the coconut price now?

avatar

Post Wed Oct 12, 2011 3:26 pm by srilankanmarket

Share Markets really a downer. I lost alot of money as well but quitting is not the answer.
Its all in the game. You need to identify the share your buying and study the movements because most shares are quite stagnant giving you time (1-2 weeks) to study movements.

Please understand although I maybe saying this I still am making some losses from some of the shares I purchased

Cheer Up Friends Lets try and Stay positive.

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Post Wed Oct 12, 2011 5:21 pm by Universalgoal

Actually we should think out of the box how much salaya , tuna tuna , mullet 1 kg these days,

I noticed fishermen’s making good money these days we should change our business plan time to time and should learn to survive at any bad condition like entering fish market or pig market

yoyo

Post Wed Oct 12, 2011 5:39 pm by yoyo

Lindata watuna miniha lin katinma goda enna one..

Rapaport

Post Wed Oct 12, 2011 5:39 pm by Rapaport

The graph explains one of the reasons why CSE is dragging its feet: Sad CSE is taking a break!

http://finance.yahoo.com/q/ta?s=^CSE&t=my&l=on&z=l&q=l&p=&a=&c=

By seeing the graph, one should understand the resilience the CSE is having after rising from 1500 points to 7800 points in just 02 years hitting a high PER of 28X this February. Most markets would have crashed back 40-50% to adjust to fundamentals which would have been more painful.

CSE held on and is allowing the fundamentals to catch up and good company earnings are stabilising the market which is trading at future PER of approx 15X 2012E and 11X 2013E. A few more months of sideways movement will make CSE quite attractive.

I may make many of you furious by stating this but in my opinion we should thank SEC to a certain extent for controlling CSE, yet i feel a lot needs to be done in relation to insider trading/manipulation.

Bottom line: CSE is attractive and significant gains can be made by 2013E provided global and local economics are stable! Cheers Cool

soileconomy

Post Wed Oct 12, 2011 8:50 pm by soileconomy

Hi !Rapaport.

Extremely right.U have summarized it in a very meaningful manner.
I will save your comment for another 6-9 months .
then I will respect you more than I do now.
we need broad sighted people like you.
Thanx

Rapaport

Post Wed Oct 12, 2011 10:04 pm by Rapaport

Soilecon:

Thanks Wink

rcharindu

Post Wed Oct 12, 2011 10:13 pm by rcharindu

"Two things are infinite: the universe and human stupidity;
and I'm not sure about the universe."

— Albert Einstein

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Post Thu Oct 13, 2011 12:28 pm by tpr1983

yes those who cant be patient with the market, they will looose...

be patient guys.... never panic on down trend. collect as much as you can

never be on credit.
hold as much as you can... never give up on buyer. give some respect to your shares. hold untill buyer come to your price.
(As current Vehicle market, seller never come down to the buyers request. if you have guts to hold, you will be on green. never give up to buyer. )

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Post Thu Oct 13, 2011 12:33 pm by Aamiable

medium term ,,,good for investment..

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Post Thu Oct 13, 2011 12:56 pm by day_lk

guys, don't panic.life is always with a profit and loss.think your investment as a fixed deposit in bank.if you uplift before maturity u will loose some portion of your interest.if u wait until it mature u can get the maximum interest.

Kumar

Post Sat Oct 15, 2011 1:43 pm by Kumar

Sorry to bother you all.
We all guys are messing around in CSE between investing and trading.
Investing is a long term process.( 3-5 years depending on selecting the shares)
Still in CSE we can find load of investment opportunities. (Low PE / Good NAV Shares) Before starting to invest or trading, we need to learn about the share market/ trading techniques etc.
Unfortunately all of us are coming to CSE to gamble but saying to others that we are trading.(investing)
If we are not going to change our attitutes this forum also going to be a place for mourners.
-ve reps are going to follow
But this is the bitter reality.

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Post Sat Oct 15, 2011 10:37 pm by WildBear

Those who are disappointed about CSE, I'd like to give one example
DIST is around 3-4 rupees in year 2001-2002, and we won't be able to buy back DIST at that level again.
DIST was around 25 rupees in 2005-2006 and we won't be able to buy it at that price again.
DIST was around 50-60 rupees in 2008 and we won't be able to buy back DIST at 50 rupees again
Now DIST is 170 rupees and we will not be able to buy DIST at 170 in 2013-2014.

If you do the above comparison in any solid stock at CSE, the pattern is same.
History tells the true story and it's obvious that history will repeat in the future as well!!!! Laughing

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