Can ASI slip to 4000 soon?

stumpy wrote:Agreed!
Looks like both of us speak same lingo!

highly impressed with your stuffs. way to go bro....

FXX wrote:Stumpy shall we have a G2G soon ? stump u organize it this time cus me and mark always in, ill bring small anyhow, we can invite our new friend TAH as well

Okay!
I'll make the arrangements to have a meet up in 1st weekend of April!
That's for sure!

stumpy wrote:

FXX wrote:Stumpy shall we have a G2G soon ? stump u organize it this time cus me and mark always in, ill bring small anyhow, we can invite our new friend TAH as well

Okay!
I'll make the arrangements to have a meet up in 1st weekend of April!
That's for sure!

ill confirm u this Thursday

traderathome wrote:

wiki wrote:

hunter wrote:

mark wrote:nop..We need a very very very huge external incident to make ASI at 4000..
it cldnt be happens in short or mid term due to supply and demand forces..
btw no idea abt long term..

Spot on @Mark!
That's what I was also thinking about. Can there be a 'big bang' external event this month?
'Geneva' could be one of the possibilities: I hope not (as a Sri Lankan); but there is a possibility; it's just a feeling.

I dont think Geneva could be a possibility.. this time it is nothing other than plan for implementing its own (Gov) LLRC recommendations.
What about attack on Iran and sky rocketing of oil prices. But now Iran has agreed for discussions

Well Technically that would been testing the previous low around 4700 points first.A break below 4000 points will open up further bear channel.And also fundamentally there should be a grave uncertainty in the country, imo i dont see this happening, Geneva/Iran issues will not drive ASI below from current levels, If it were to drive the market below that would have happened long time ago. Like i explained in my chart on another thread it should take off from current levels to new highs. The momentum will take to 7000 points before slight pull back to 6400 points for a short breather until 9000 points are reached. Do not forget when large economies got a beating, ours were at full steam. with all current issues in the background ASI is able to hold at 5400 levels. That is something to ponder.I am sure USA will eventually soften its stance/position on srilanka. happy trading

One more reason, with this trading system, moving index down is bit hard. Anybody can easily manipulate the index heavy counter for an up movement other than GREG. Though we are at 5400 levels in the index, in real terms most of the shares are at below 5200 levels. This is possible as most of the index heavy counters are not with retailers. So they can maintain the index with very few counters.

traderathome wrote:

stumpy wrote:Same here TAH

most of the people/traders make a cardinal mistake of trying to study the market and they HOPE they can out think the stock market.in my early days i use to think the same.but as one mature, i am still learning how to be discipline enough not to jump the gun and follow my own system.and trust it although times it can go wrong.study chart patterns over and over.with knowledge comes trade discipline and always keep a journal of trade entries for future reference with details of why entries were made. let the market come to you and not we chase it behind and loose our hard earned money. There are trusted traders/investors here you can always pm them and ask for advise.i am sure most will help you,because they care and they want you to money as much as they want for themselves,after all we all are srilankans.but you need to decide who will help and who are with hidden agendas.

I like what you said Tradersat Home . Specially admire the last 3 lines of your post above.


There a growing breed of techies here, which is good for the forum also. If one is a short term trader or concerned about short term fluctuations technicals can be very handy to figure out when to enter and exit. So technical can be used to figure out trends forming for fundamentals or not. With technical trades we do not have to Essentially care about value shares , as when some stocks bottom out then can have small temporary runs irrespective of their earning strength( stock cycles) . Fundamental shares are more suitable for the Long term investors to figure out the value shares for investing for higher gains/dividends in the longer run. The words when and what are keys here.


So Yes, technicals, fundamentals , trends analysis, are all helpful. But should we use them individually or separately or combined depends on our goals and wants.

Hmm, on the topic of discussion , just been thinking , if ASI come to 4000 for whatever reason , what will be the price of GREG , LDEV, BLUE( if and after subdivision) . Even more what about the warrant holders? So I only hope the authorities and CSE participants act sane not to bring down market to unnecessary levels only to make some retailers completely quit/leave after loosing their life earnings and make some other foreign players and HNWI billionaires capitalizing on the situation. I also see few in the forum waiting for the opportunity as they think market will sink a lot further ( I am not saying it won;t . Please look at my previous post above)

Just talking some logical points here that all.

Also, I am not trying to mix up technicals or market cycles here as they can have different lives of their own time to time depending on market developments.

hunter wrote:

mark wrote:nop..We need a very very very huge external incident to make ASI at 4000..
it cldnt be happens in short or mid term due to supply and demand forces..
btw no idea abt long term..

Spot on @Mark!
That's what I was also thinking about. Can there be a 'big bang' external event this month?
'Geneva' could be one of the possibilities: I hope not (as a Sri Lankan); but there is a possibility; it's just a feeling.

In our stock market all big players are srilankans. So if Geneva resolution is passed definitely those big guys and many investors would be happy coz the resolution is to force implementation of LLRC recommendations. Govt. has already agreed to implement LLRC recommendations as it was a committee appointed by Srilankan government. So implementation means what? Good governance , Democracy etc.

Rajaraam wrote:

hunter wrote:

mark wrote:nop..We need a very very very huge external incident to make ASI at 4000..
it cldnt be happens in short or mid term due to supply and demand forces..
btw no idea abt long term..

Spot on @Mark!
That's what I was also thinking about. Can there be a 'big bang' external event this month?
'Geneva' could be one of the possibilities: I hope not (as a Sri Lankan); but there is a possibility; it's just a feeling.

In our stock market all big players are srilankans. So if Geneva resolution is passed definitely those big guys and many investors would be happy coz the resolution is to force implementation of LLRC recommendations. Govt. has already agreed to implement LLRC recommendations as it was a committee appointed by Srilankan government. So implementation means what? Good governance , Democracy etc.

wow,GOOD GOVERNANCE.........please we want those things which are taken over by executive powers
but without any harm to SL

Hold on for second,,,, i can see most of the comments as the frustration about CSE..

If you have money try to invest you will be rich in 5 days. Yes at least, this will happen by Tuesday.

Unfortunately, I don't have money in my hand.

If you don’t follow the stock market, you are missing some amazing drama.
Mark Cuban-

Be watch full... we have one & only profitable drama once in a month. This one may be for a month of May..

Today's Market PE Ratio is 10.84... That means Market Price = 10.84 X Market Earnings. (Source: Bloomberg)

Inversely, for every Rs 100 of Price, Earnings is Rs 9.225 per year (9.225%).
Compared to that, Fixed Deposits yield as much as 12%.

Tell me: Why should I buy shares at these prices? With the ASI at 4000, Market PE Ratio would be 8.40 and shares would give about the same yield as FDs.

http://mobile.bloomberg.com/apps/quote?ticker=CSEALL%3AIND

Rajaraam wrote:

hunter wrote:

mark wrote:nop..We need a very very very huge external incident to make ASI at 4000..
it cldnt be happens in short or mid term due to supply and demand forces..
btw no idea abt long term..

Spot on @Mark!
That's what I was also thinking about. Can there be a 'big bang' external event this month?
'Geneva' could be one of the possibilities: I hope not (as a Sri Lankan); but there is a possibility; it's just a feeling.

In our stock market all big players are srilankans. So if Geneva resolution is passed definitely those big guys and many investors would be happy coz the resolution is to force implementation of LLRC recommendations. Govt. has already agreed to implement LLRC recommendations as it was a committee appointed by Srilankan government. So implementation means what? Good governance , Democracy etc.

@raja..yes..all our big players are sri lankans... but now if you see the forign buying these days seen many forigners entering the market ... are they seen future is attractive..(good governacne , Democracy etc... never ne)

manula wrote:

Rajaraam wrote:

hunter wrote:

mark wrote:nop..We need a very very very huge external incident to make ASI at 4000..
it cldnt be happens in short or mid term due to supply and demand forces..
btw no idea abt long term..

Spot on @Mark!
That's what I was also thinking about. Can there be a 'big bang' external event this month?
'Geneva' could be one of the possibilities: I hope not (as a Sri Lankan); but there is a possibility; it's just a feeling.

In our stock market all big players are srilankans. So if Geneva resolution is passed definitely those big guys and many investors would be happy coz the resolution is to force implementation of LLRC recommendations. Govt. has already agreed to implement LLRC recommendations as it was a committee appointed by Srilankan government. So implementation means what? Good governance , Democracy etc.

@raja..yes..all our big players are sri lankans... but now if you see the forign buying these days seen many forigners entering the market ... are they seen future is attractive..(good governacne , Democracy etc... never ne)

manula, I have to agree with u. Lack of Good governance is the major isssue. We cannot comeout from this situ. unless govt. establish good governance.

Rajaraam wrote:

manula wrote:

Rajaraam wrote:

hunter wrote:

mark wrote:nop..We need a very very very huge external incident to make ASI at 4000..
it cldnt be happens in short or mid term due to supply and demand forces..
btw no idea abt long term..

Spot on @Mark!
That's what I was also thinking about. Can there be a 'big bang' external event this month?
'Geneva' could be one of the possibilities: I hope not (as a Sri Lankan); but there is a possibility; it's just a feeling.

In our stock market all big players are srilankans. So if Geneva resolution is passed definitely those big guys and many investors would be happy coz the resolution is to force implementation of LLRC recommendations. Govt. has already agreed to implement LLRC recommendations as it was a committee appointed by Srilankan government. So implementation means what? Good governance , Democracy etc.

@raja..yes..all our big players are sri lankans... but now if you see the forign buying these days seen many forigners entering the market ... are they seen future is attractive..(good governacne , Democracy etc... never ne)

manula, I have to agree with u. Lack of Good governance is the major isssue. We cannot comeout from this situ. unless govt. establish good governance.

Raja we are talking about many issues about governance... the thing cannot understand why forigners are much interest in our market... (or some big ones are selling with stories to forign buyers with commision}

where are the loosers.

Why....do you have any extra cash to give them.just kidding bro

rishanpossitive wrote:where are the loosers.