Be Happy Guys cos the worse is over

i think we reached the rock bottom be happy cos the worse is over

Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

godfreydayan wrote: i think we reached the rock bottom be happy cos the verse is over

Need to wait and see 2-3days

i think the bottom doesnt have the rock. So just droping freely

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

i think so cos the turnover seems to be very good and market has recovered

godfreydayan wrote:

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

i think so cos the turnover seems to be very good and market has recovered

1 billion crossing of COMB

Who bought? and who sold? BTW, it's a large crossing.

rijayasooriya wrote:

godfreydayan wrote:

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

i think so cos the turnover seems to be very good and market has recovered

1 billion crossing of COMB

10,501,000 shares crossing

Rs.1,050,100,000

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

same here... but I think we're very close.... I hope...

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

5000 is the minimum price objective of HnS but that docent mean its the bottom, 50% fib is at 4700 so we have to wait and see
http://forum.srilankaequity.com/t15867-are-we-heading-for-a-crash

FXX wrote:

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

5000 is the minimum price objective of HnS but that docent mean its the bottom, 50% fib is at 4700 so we have to wait and see
http://forum.srilankaequity.com/t15867-are-we-heading-for-a-crash

I saw BMS stating few weeks ago expecting ASi to be between 5000-5450.

Now I see another broker stating figure like 4500, 4700.

When the market goes up there will be dime a dozen pundits blindly making even higher targets exceeding values by several folds. When market goes down there will be new pundits emerging sometimes blindly stating even lower targets but they will only start coming out in dime a dozen when it reaches very low. They keepw quiet all this time. I saw someone in the forum stating figures like 3000 now. Where were these people ( except for a few) when asi was 7500.

Ofcourse there is also the fact that if the brokers/margin providers get together and if they want to, they can naturally bring the market down to any specific value of their pleasing if they start force selling. With our nervous retailers joining in the party any specific value is possible.

As CSE cannot be controlled by retailers, at one point if some big boy/s fancies they can suddenly take the market up . To start the uptrend it only take some buying of Index heavy shares consistently. And then staring to make some other counters green.

We seen this before.

Now the question i is ASI 5000 enough or does anybody ( not retailers) want lower?

IS CSE that bad to deserve these kinds of drops in 4 days making it the worst performing inthe world?

472mn net foreign buying today

mono wrote:472mn net foreign buying today

Yes, foriegner seem to buy when there is blood on the streets. Last few days there were all positive inflow. These guys maybe smelling something.

ASI drop of 9% in 4 days. Shares price as if were in July 2010. Seems a bargain. But does anyone else want the market down more to make bargain more bargains.

godfreydayan wrote: i think we reached the rock bottom be happy cos the worse is over

Hope so .. but some are waiting till market PE hitting single digit

Some stocks “are quite cheap,” Mahendran said. “We start to buy when the multiples become single digit, 7 or 8 times

http://www.businessweek.com/news/2012-02-14/sri-lanka-stocks-may-slump-more-on-rates-hsbc-private-says.html

As per Bloomberg, Sri Lanka's Market P/E Ratio has now declined to 10.83.
How much lower do you think it can go?
http://mobile.bloomberg.com/apps/quote?ticker=CSEALL%3AIND

Antonym wrote:As per Bloomberg, Sri Lanka's Market P/E Ratio has now declined to 10.83.
How much lower do you think it can go?
http://mobile.bloomberg.com/apps/quote?ticker=CSEALL%3AIND

There was a link someone added in another discussions. HSBC have said they will not enter until the PE enters single digit range, so that's a minimum of 8% more to go.

slstock wrote:

FXX wrote:

Roboticfx wrote:Are you sure? I thought yesterday was the rock bottom but it moves back further and broke the 5000 technical level also.

5000 is the minimum price objective of HnS but that docent mean its the bottom, 50% fib is at 4700 so we have to wait and see
http://forum.srilankaequity.com/t15867-are-we-heading-for-a-crash

I saw BMS stating few weeks ago expecting ASi to be between 5000-5450.

Now I see another broker stating figure like 4500, 4700.

When the market goes up there will be dime a dozen pundits blindly making even higher targets exceeding values by several folds. When market goes down there will be new pundits emerging sometimes blindly stating even lower targets but they will only start coming out in dime a dozen when it reaches very low. They keepw quiet all this time. I saw someone in the forum stating figures like 3000 now. Where were these people ( except for a few) when asi was 7500.

Ofcourse there is also the fact that if the brokers/margin providers get together and if they want to, they can naturally bring the market down to any specific value of their pleasing if they start force selling. With our nervous retailers joining in the party any specific value is possible.

As CSE cannot be controlled by retailers, at one point if some big boy/s fancies they can suddenly take the market up . To start the uptrend it only take some buying of Index heavy shares consistently. And then staring to make some other counters green.

We seen this before.

Now the question i is ASI 5000 enough or does anybody ( not retailers) want lower?

IS CSE that bad to deserve these kinds of drops in 4 days making it the worst performing inthe world?

well said
i do Remember Mr Sarath saying ASI will reach to 10000 and then when the drop started one year back people were saying 6000 was the bottom, now its 5000 so after ASI coming down 2800 points in past 365 days now people are scared, some are expecting market to reach very low but some think this is the bottom, but most of them are without facts

When the ASI came to 5400 there were some strong Supports (TA) but sadly those were broken, on TA we thought its the continuation of falling wedge but then it was keep going down, then TA's calculated the minimum price objective of Hns and we are at that point now, but if market goes down more then Fib 50% at 4700 and if it goes more fib 61.8 around 4000, at the moment even the best of the best TA's cant predict the bottom but if the market decide to move up then we will be facing Resistance at 5400/5600/6300, so when the market start to move up the main thing im watching is how the ASI deal with these resistance but first lets wait till ASI reach the bottom

machan, give me a buzz when you find the bottom.......

Whatever goes down has to come up.

slstock wrote:

mono wrote:472mn net foreign buying today

Yes, foriegner seem to buy when there is blood on the streets. Last few days there were all positive inflow. These guys maybe smelling something.

ASI drop of 9% in 4 days. Shares price as if were in July 2010. Seems a bargain. But does anyone else want the market down more to make bargain more bargains.

Can't allow this, so we will be ready to buy from them, when they decided to sell to us, off course with big profit margins

Stocks have reached such low levels that you will see a sudden buying spree at the hint of green.

Cheers!

Bear market turning point usually come with bigger volume.
Hope we will feel in near future.

bePositive wrote:Whatever goes down has to come up.

We've been telling this close to a year.Anyway it happened other way
HVA 70 to 20
LGL 55-25
AAIC 400-80
WAPO 350-80
RGEM 230-80
BFL 500-150
.................
...................
...................
.................

rishanpossitive wrote:

bePositive wrote:Whatever goes down has to come up.

We've been telling this close to a year.Anyway it happened other way
HVA 70 to 20
LGL 55-25
AAIC 400-80
WAPO 350-80
RGEM 230-80
BFL 500-150
.................
...................
...................
.................

If anyone do the analysis most of the above shares do not have any reason to go that height.( If I'm wrong correct me)

cheers mate !!!! as i said yesterday the market has turned up so make use of it cos this is the right time to get rid of your junk stocks and focus on some fundamental valued stocks