Dec 05, 2011 (LBT) - Enemies of the market are becoming desperate. They are coming out of their holes to attack the market with full force. The opposition controlled media have lost their cool and are now starting to show their true colours.
These disruptive elements are getting out their entire armoury in a desperate attempt to smother the rising market. But the Government is too strong for these saboteurs and they’ll soon be back in their holes and the market will continue its rise to be the Best Performing Market in the World in 2011.
There is no better advertisement to attract foreign investment in to Sri Lanka and the Government has now realized that.
The new chairman of the Securities and Exchange Commission (SEC) may assume duties either today or tomorrow and the new commissioners may be appointed this week.
Their first task will be to implement the decisions taken at the meeting of the brokers with the President Mahida Rajapaksa. That will be the take off point for the market.
Touchwood Investment case got postponed again. But the company is in the process of establishing some strategic alliances with some strong investment partners such as Sunshine Holdings PLC.
This week will be an eventful one when lot of things are expected to happen that will usher in the new era and signal the end of the bad days.
Market movers and shakers have started to return for sure.
BUY signals are still there in both ASI & MPI charts pointing towards a big Bull Run in the making. Bargain Hunters still have a chance to grab the bargains available yet. We repeat that those who have bought at high prices can now start averaging up. Remember you must average up in a rising market but never average down in a falling market