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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » The last laugh !

The last laugh !

Go down  Message [Page 1 of 1]

1The last laugh ! Empty The last laugh ! Thu Feb 09, 2012 9:02 pm

illuminati


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Ladies and gentlemen, let me have the honor of proposing a "Toast" for our gallant bears who are vanquishing the bulls left, right and center with vengeance. You, great bears are making me and a few others richer day by day. May you gain strength courage and success in your journey to annihilate the foolish retailers, gamblers, manipulators and broker huts as early as possible from the CSE. This grateful act no doubt would herald a prosperous era for the prudent investor.

This post is dedicated to the few members of this forum who had the guts to think differently from crowd madness.

2The last laugh ! Empty Re: The last laugh ! Thu Feb 09, 2012 9:25 pm

lokuayya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
is this your last laugh? if it is so we are happy.
but my worry is you may be able laugh few more days, if not few more weeks.

3The last laugh ! Empty Re: The last laugh ! Thu Feb 09, 2012 9:35 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Ahem..

4The last laugh ! Empty Re: The last laugh ! Thu Feb 09, 2012 9:46 pm

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics
@illuminati wrote:Ladies and gentlemen, let me have the honor of proposing a "Toast" for our gallant bears who are vanquishing the bulls left, right and center with vengeance. You, great bears are making me and a few others richer day by day. May you gain strength courage and success in your journey to annihilate the foolish retailers, gamblers, manipulators and broker huts as early as possible from the CSE. This grateful act no doubt would herald a prosperous era for the prudent investor.

This post is dedicated to the few members of this forum who had the guts to think differently from crowd madness.

mmm. what a thinking. are you still laughing ? laughing at poor ppl who made huge loss ?

idk what kind of a person you are, anyway did you heard about this "wapurana tharamata thama nelaganne"

ane mehemath minissu No

5The last laugh ! Empty Re: The last laugh ! Thu Feb 09, 2012 9:56 pm

FXX

FXX
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
illuminati the born Bear

6The last laugh ! Empty Re: The last laugh ! Thu Feb 09, 2012 10:00 pm

lokuayya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

life is like that. if you can laugh at someones ill fate ,in today's standards it is called ones strength.



Last edited by lokuayya on Fri Feb 10, 2012 9:19 am; edited 1 time in total

7The last laugh ! Empty Re: The last laugh ! Thu Feb 09, 2012 10:25 pm

mark

mark
Expert
Expert
@illuminati wrote:Ladies and gentlemen, let me have the honor of proposing a "Toast" for our gallant bears who are vanquishing the bulls left, right and center with vengeance. You, great bears are making me and a few others richer day by day. May you gain strength courage and success in your journey to annihilate the foolish retailers, gamblers, manipulators and broker huts as early as possible from the CSE. This grateful act no doubt would herald a prosperous era for the prudent investor.

This post is dedicated to the few members of this forum who had the guts to think differently from crowd madness.

HA HA...your words smell me a personality of a well known guy Suspect

btw your words are little deep to understand easily Wink

8The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 1:22 am

anubis


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mark: innam? or npp?

Anyway, I remember someone saying that the market will bottom out when all the dumb money has been shaken away...

9The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 10:52 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Most of the people come to CSE and buy some shares just to sell them with a profit in shortest period of time.
I think majority of the 'investors' do not care about or have any interest in fundamentals, future plans, credibility of Directors or any other thing related to the company they buy.

Useless shares go to sky taking the indices with them. When the market start downward due to credit problems , recession or BOP or any other reason the same people sell at any level without knowing the real values.

These people are responsible for taking the prices up to unrealistic levels and to the other way also.

Unfortunately all of us have to face problems due to this.
for eg.
As a person target 2-3 year growth of a Company , I have about 200,000 FLCH left with me avr. near 5/-.
Too late to sell, now I wanted to see it going down at least to 1.50 before starting the next solid boom. If that happens I can become a owner a big parcel of FLCH and recover my loss in 2-3 years .
I think due to the worsening financial situation we may see some shares at historical low prices, in limited quantities.

Last Wednesday I missed REEF w19 @ 9.80; now they are 'maintaining' it closer to 11.
I have few million debt to the margin provider , still not in trouble because I maintained 20-22% gearing during good times. Now it has risen to 33% at this juncture.

10The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 11:42 am

mra

mra
Manager - Equity Analytics
Manager - Equity Analytics
@illuminati wrote:Ladies and gentlemen, let me have the honor of proposing a "Toast" for our gallant bears who are vanquishing the bulls left, right and center with vengeance. You, great bears are making me and a few others richer day by day. May you gain strength courage and success in your journey to annihilate the foolish retailers, gamblers, manipulators and broker huts as early as possible from the CSE. This grateful act no doubt would herald a prosperous era for the prudent investor.

This post is dedicated to the few members of this forum who had the guts to think differently from crowd madness.

consoling one's own heart from stress/depress etc... we all know everyone is suffering from this market tsunami, one can not be exceptionally gaining.

Psychologically balancing ones own imbalanced mind...

Niwan sepa lebewa !!!!

11The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 12:35 pm

csehistorian


Equity Analytic
Equity Analytic
@lokuayya wrote:
life is like that. if you can laugh at someones ill fate ,in today's standards it is called ones strength.

When someone walks through a cow pasture looking at the sky and steps on cattle droppings, onlookers are entitled to laugh.

You might want to recall some of what Illuminati and Aj said six months ago and how people like you and osmand called them all sorts of names.

12The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 1:15 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Yes there were some people who predicted the down trend last year. Good job to predict early. I recall Tubal was amongst the first. Illuminati you also added to the predicted down trend sometime last year. Good job.

I do no personal attacks to anyone in the below comments but only my observation and thinking.


What ever the case, I don;t find it amusing to laugh when many people are suffering greatly. Amongst the gambler who deserve this there are genuine medium term investors who might not deserve the brutality. There are still overvalued share I agree. On the brighter side we saw many speculative and gambling share already getting corrected. Do we still need an overall market correction to let the remaining correct their prices? It appear now , more than the overvalued getting corrected the fundamentals are brutally getting overcorrected.

Speaking of strategies of staying away from market :
If everybody pulled out money last year will there be a stock market for anybody to come back to? If many retailers completely pulled out not to return until their ideal conditions are met, these drops would have been even more brutal with lesser participation. Maybe if all the "dumb retailer money" goes away , will these be enough smart money to sustain a small market like ours ( during periods of minimal HNWI or foreign participation.) If everyone is "smart to stay away" who is going to buy during these periods and keep the market going? Maybe a few may come out victorious due to others folly but that is the reality of life. But what I say is we should not laugh at others misery. Specially at those who did not gamble but got caught in middle of a bad downtrend to see some of their fundamental shares trading at forward PE of 3-5. I really hope when a bull trend starts they will be rewarded handsomely.

I at this time also fondly remember the retailers who kept the market going ( and broker huts surviving) when foreign and HNWI participation was minimal. Broker please note it too.


We all (should) agree at one point a correction was highly due when PE was running at an unsustainable 20-29. Now we got the correction. Or maybe an over-correction? Isn't it time to have some consolidation before next trend. I am not talking about a bull run which is a different story.

Do we really deserve to have constant falling market? Is our overall company performance that bad. Is our country heading to complete disaster?

If we go like this a little more , we are soon to become the worst performing in the world from the best performing.

Who is responsible for this extremes. When at one point Market PE was 25. Then we raised it to 29 even when we knew it was overvalued. Now according to some sources the PE should be around 11-12. So now we want to lower it to 8-9 is it.?

Can we blame only us retailers. Are there other parties involved ?. Quite frankly most Sri Lankans live on extremes, minimal planning and overreaction in happiness or sadness. The overnight rupee devaluation fiasco ( not gradual), then draining foreign reserves to extremes and now suddenly letting rupee free float is another example of this extreme unplanned behavior. Expropriation without justification of some companies is another.

Corrections and uptrends are both natural. But am not sure our market is behaving naturally lately. Are there any external factors affecting investor confidence other than the obvious temporary global and local negatives.

Thanks to BSE, we seems to be one step ahead. But it is high time we take leaves from other Asia countries. Look at their last year performance and this year performance. They had corrections and also uptrends when necessary. We seems to be heading only in one direction without breaks. At extremes.

We Sri Lankans as a collective group needs to plan more, love and believe in ourselves and country, not think about personal benefit only and introduce moderation into our lives. Be it stock market or life.

13The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 2:19 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@csehistorian wrote:
@lokuayya wrote:
life is like that. if you can laugh at someones ill fate ,in today's standards it is called ones strength.

When someone walks through a cow pasture looking at the sky and steps on cattle droppings, onlookers are entitled to laugh.

You might want to recall some of what Illuminati and Aj said six months ago and how people like you and osmand called them all sorts of names.


How do you say so? Illuminati was not known to any member 6 months ago. He has joined the forum only on 05.12.2011. Not even 3 months completed yet. I do not know about Aj.

14The last laugh ! Empty Re: The last laugh ! Fri Feb 10, 2012 2:50 pm

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:Yes there were some people who predicted the down trend last year. Good job to predict early. I recall Tubal was amongst the first. Illuminati you also added to the predicted down trend sometime last year. Good job.

I do no personal attacks to anyone in the below comments but only my observation and thinking.


What ever the case, I don;t find it amusing to laugh when many people are suffering greatly. Amongst the gambler who deserve this there are genuine medium term investors who might not deserve the brutality. There are still overvalued share I agree. On the brighter side we saw many speculative and gambling share already getting corrected. Do we still need an overall market correction to let the remaining correct their prices? It appear now , more than the overvalued getting corrected the fundamentals are brutally getting overcorrected.

Speaking of strategies of staying away from market :
If everybody pulled out money last year will there be a stock market for anybody to come back to? If many retailers completely pulled out not to return until their ideal conditions are met, these drops would have been even more brutal with lesser participation. Maybe if all the "dumb retailer money" goes away , will these be enough smart money to sustain a small market like ours ( during periods of minimal HNWI or foreign participation.) If everyone is "smart to stay away" who is going to buy during these periods and keep the market going? Maybe a few may come out victorious due to others folly but that is the reality of life. But what I say is we should not laugh at others misery. Specially at those who did not gamble but got caught in middle of a bad downtrend to see some of their fundamental shares trading at forward PE of 3-5. I really hope when a bull trend starts they will be rewarded handsomely.

I at this time also fondly remember the retailers who kept the market going ( and broker huts surviving) when foreign and HNWI participation was minimal. Broker please note it too.


We all (should) agree at one point a correction was highly due when PE was running at an unsustainable 20-29. Now we got the correction. Or maybe an over-correction? Isn't it time to have some consolidation before next trend. I am not talking about a bull run which is a different story.

Do we really deserve to have constant falling market? Is our overall company performance that bad. Is our country heading to complete disaster?

If we go like this a little more , we are soon to become the worst performing in the world from the best performing.

Who is responsible for this extremes. When at one point Market PE was 25. Then we raised it to 29 even when we knew it was overvalued. Now according to some sources the PE should be around 11-12. So now we want to lower it to 8-9 is it.?

Can we blame only us retailers. Are there other parties involved ?. Quite frankly most Sri Lankans live on extremes, minimal planning and overreaction in happiness or sadness. The overnight rupee devaluation fiasco ( not gradual), then draining foreign reserves to extremes and now suddenly letting rupee free float is another example of this extreme unplanned behavior. Expropriation without justification of some companies is another.

Corrections and uptrends are both natural. But am not sure our market is behaving naturally lately. Are there any external factors affecting investor confidence other than the obvious temporary global and local negatives.

Thanks to BSE, we seems to be one step ahead. But it is high time we take leaves from other Asia countries. Look at their last year performance and this year performance. They had corrections and also uptrends when necessary. We seems to be heading only in one direction without breaks. At extremes.

We Sri Lankans as a collective group needs to plan more, love and believe in ourselves and country, not think about personal benefit only and introduce moderation into our lives. Be it stock market or life.

Well said sir...

I m also condemning amusing laugh at others in trouble.. There are ways celebrate our achievements.. some of us to understand this simple thing

15The last laugh ! Empty Re: The last laugh ! Sun Feb 12, 2012 1:41 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I feel really sorry about these retailers and at the same time hope at least few broker huts will be declaring bankruptcy in coming months.

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