@TortoizePlus wrote:@slstock wrote:@TortoizePlus wrote:@anu wrote:@WildBear wrote:I think interest rate reduction is imminent, according to CB data, trade gap narrowed to 17 month low, imports reduced dramatically, BoP to be cushioned by foreign remittance and tourism earning and also bond issues. Trading volumes of billions means there is not only retailers but high profile people as well as institutions,in the play. I think PBJ and Cabba hinted some facts during their speaches. We ll get some announcements in next few months and in budget speach. We know in Sri Lanka who gets the critical news first.We know Jaferjees are big time investors in CSE, but I couldn't remember he or his brokering firm advised the retailers in 2011 February that the CSE is extremely overvalued with PE more than 25 and it s time to exit. However now he is coming forward and telling do not buy now but wait till next year, I smell a fish here.
Whatever happens it's good to make informed decisions.
Exactly..! The fish stinks so much, so that many can notice...!
Look at this article, he has advised in 2010-Aug to take the profit and go. I saw this at that time but never believe him
From that I understand he is a good analyst.
But did you notice when he sadi this. It was august 2010, when ASI was aroudn 5000. Remember the biggest boom was yet to come in Sept 2010 and then few 2011. So selling out when ASI was at 5000 would have been a massive opportunity loss.
Bottom line no one can predict exaclty all the time. CSE is a small market that sudden things ( good or bad) can happen. So it is best not to be biased too much to one specific opinion and play as it goes. This is mainly true to short term palyers with less holding power and patience.
Agreed. I wanted to tell you that we cannot easily discard people like Jefa...
Some people putting comments here thinks they are too smart..
Note: I don't have any personal connection with Jefa..
Anyone even with some sort of experience can say what has said in 2010.As slstock has pointed out it would have been a massive opportunity loss if some one got exit at that time.If he pointed out the real top then I would say he is a good analyst.I can remember few of our members pointed out that---not exactly but with a more precision than Jefa....
Even in this bear market I can remember one member said to collect slowly when market was around 5000(as far as I can remember) and most importantantly he told it with adequate time to collect.If some one has followed his advice now he/she has to be very happy.