@rocksan wrote:@Kumar wrote:@nkalansu wrote:@rocksan wrote:I told you earlier to clear your portfolios
1. HNWI not participating
2. Massive out flow of foreign investors due to local and foreign political and financial environment
3. Highly competent people in SEC and CSE ( HikZ)
4. Etc... Etc...
ASI will be around 4000 in 2012
Best performing market in the world - HikZ
How do you say its crashing down? Why you want others to clear their portfolios?
Today's turnover is over one Billion. Which means Some have sold Rs. 1.0 Bn worth of shares and on the other had some have bought the same quantity.
So according to your theory people who have bought are heading for disaster?
Really? Do you think this market is going to disappear?
I agree 1000 times with you nkalansu.
So many bunch of idiots were/are investing (so called trading) in CSE and crying for nothing.
I wish to point one phrase which I read in this forum.@sriranga wrote:
During these conditions, those who are inexperienced, impatient and fearful will often oversell their shares. So a stock market crash is really just a means for transferring funds out of the hands of those who don't know what they are doing and into the hands of those who know exactly what they are doing.
OK wise guys think!!!
Those who bought shares 1 month ago are looser now and those who bought today will be looser coming weeks, months
and read this you pundits
ASPI dropped nearly 1100 points in just less than two months
There are two types of people in the market.
1. Traders 2. Investors
For traders your theory may be correct since they are concern about day to day price fluctuations. They are the ones who are talking about day to day profits and losses. These people are going behind each and every stock they think has a speculative behaviour to gain a quick fortune.
For investors the cost of a share can be subjective. The cost is the value which the investor thinks that the stock really worth. And he is willing to pay that price disregarding the day to day price fluctuations. He is really interested in the real value of a stock and long term growth of the company. He is looking for good companies to invest looking at the fundamentals.
So this is the time value investors are looking for bargains. And this is the right time if you have a time horizon of 5 - 10 years.................So for these guys it is time for collection. For them CSE is not crashing down.