Jana1 wrote:
With 11 years f experience you would have seen many down and uptrend. So finally what do u think? My years f experience as not same as u. But I feel early stage was a symptom of manipulation, now it seems fundamental driven, every1 planning to join rally rather waiting more. I thk if econmic factors turn around within 3 months we cant stop this rally. Only negative news can turn around this mkt...
I would run naked in Pettah high street if someone prove me that this run purely because market was over corrected. Hell no..! Even though some counters (LOLC, KAPI, GRAN, ACL etc) were severely over corrected, as a one unit, our market was not far from where it should be.
In 2001 market PE was below 5.0..!! (Ok there was a war).
Someone can argue that KAPI did not make any money but for Rs 15, I must say it was over corrected.
Regarding the market , Well..... Jana1 you know it's not nice to tell what I feel at the moment. Many people still holding some unrealise losses. Let me give you one hint. I have not sold anything I bought 2 weeks before. (eventhough all looking shiny Green)
But I have not bought anything last week or this week except one speculative counter (not GREG).