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Nosediving Trend in Banking Sector

+6
hunter
Jiggysaurus
illuminati
Fresher
Slstock
worthiness
10 posters

Go down  Message [Page 1 of 1]

1Nosediving Trend in Banking Sector Empty Nosediving Trend in Banking Sector Thu Nov 01, 2012 5:40 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics


Heavy cap counters in banking sector ( HNB, SAMP, COMB etc.) have shown a positive uptrend in past weeks. In past few days, those counters started a sluggish movement & now in slowly nosediving situation.

Today, at one stage HNB was trading (Rs.139-140 range) about Rs.8/= lower than yesterday....

Is it caused by-

a) heavy selling pressure
b) poor quarterly performance ( may be, as a result of leaked information)
c) forthcoming budget or
d) any specific reason ??

Any comments from those who keep an eye on those banks, Please


2Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 5:47 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Look at turnover today. Lowest since July. I would be starting to get very concerned only if heavy selling comes.

3Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 5:59 pm

Fresher


Moderator
Moderator

I share the same sentiments of slstock. We cannot come to a conclusion with the volumes being so thin

4Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 6:04 pm

illuminati


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:Look at turnover today. Lowest since July. I would be starting to get very concerned only if heavy selling comes.

Yes, everybody can see that you are least concerned even with an index drop close to 500 points over the past few weeks. By the time you get concerned surely the patient would be dead !

5Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 6:17 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Professor vs Illumination fight?

6Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 6:32 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

So what is you advice now? If you are talking about ASI ( and not specific shares) it went from 4700+ to 6000. Now at 5500.

Also Illuminati what was your view at ASI 4700 before it ran to 6000?


Still there is time sell out as it is not 4700 again yet. Do you advice everybody to sell and get out? Tell people your opinion what to do please.


Btw, what is the real issue here? I can't express my view is it to someones question ? I need to tell everyone to panic , panic, sell, sell , get out now and don;t come back. So is everybody following what I say and do ?


If one care about Investing and ethics behind it, atleast wait for the quarterly results to decide to stay or leave CSE. If one is constantly worried about short term fluctuations , then sell out and leave market. Why stay here if you do not want to invest and always pass negative sentiments . Sell.

Unlike some of you I do not think stock market is a place to gamble and constantly worry about short term fluctuations . I do not except magic in short term over long term shares investments.

If one wants quicker profits, one if free to trade. If one is not wanting invest they are free not to invest also.

The issue is people here do not understand Investments with ethics vs realising short term term with optimal profit returns.


I am glad atleast there are a few who does not desert ship and leave CSE and treat it as a "ambalama".




illuminati wrote:
slstock wrote:Look at turnover today. Lowest since July. I would be starting to get very concerned only if heavy selling comes.

Yes, everybody can see that you are least concerned even with an index drop close to 500 points over the past few weeks. By the time you get concerned surely the patient would be dead !

7Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 7:35 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@slstock
My main intention is to gather certain information of banking sector from the forum readers & experts. No malicious intentions at all.
As participants in this forum, we all should exchange the views each other. It is up to an individual to accept or not to accept such information for own investing decisions as no one is to be blamed. Let us work together irrespective of different personal view...Have a good evening to everyone..

8Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 8:06 pm

hunter

hunter
Moderator
Moderator

I feel +ve when the market moves; up or down I don't care much.

If the market doesn't move, it'll be a big concern for me.

9Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 8:45 pm

illuminati


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock, your response was spot on to my expectations. A small sugession, why dont you advice your beloved, loyal followers to hang on to their shares until the release of this quarter results too, rather than adivising them to dispose with the previous quarter results! Till then may be some can do a bit of off loading too. That will be fun right ?

10Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 9:16 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

We need to remember that different people have different approaches to the stock market.

Some people are traders who buy and sell more frequently, to profit from short term price fluctuations.
Others invest for the longer term, and hold shares because they believe in the company's future.
Some have both - a trading portfolio and an investment portfolio.

Nothing wrong with any of these strategies: it's a matter of individual aptitude, skill, availability of time, objectives and time horizon...

11Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 10:15 pm

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dear Illuminati, What's your advice to the investors. Sell the entire holding and quit from CSE. When to re-enter?

I appreciate that you always warn the poor investors well in advance before a market crash. Please tell us when will be the next bull run and when to buy?

Are you a trader or an investor? Did you make use of the recent bull run? i.e. from 4900 to 6000 points.
Why didn't you warn the investors before the bull run like you always warn us about the bear so that we could have been benefited.

Do you think that ASPI will crash to 3000 levels? Please advice us.

12Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Thu Nov 01, 2012 10:43 pm

Fresher


Moderator
Moderator

Illuminati,

I believe that people have various different view and you seem to have one particular view. But you are limiting that to only attacking the posts of slstock or those who seem confident or bullish about the market.

As some have asked repeatedly, what exactly is your point? Give some sort of picture of what your objectives are in the market, what you do and what we should also expect.

13Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Fri Nov 02, 2012 7:26 am

illuminati


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

npp wrote:Illuminati,

I believe that people have various different view and you seem to have one particular view. But you are limiting that to only attacking the posts of slstock or those who seem confident or bullish about the market.

As some have asked repeatedly, what exactly is your point? Give some sort of picture of what your objectives are in the market, what you do and what we should also expect.


Dont get me wrong . No intention of attacking any one other than challenging conventional wisdom !

14Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Fri Nov 02, 2012 7:41 am

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

Jiggysaurus wrote:Professor vs Illumination fight?

@Jiggysaurus nobody is fighting here. SlStock and Illu are highly knowledgeable and these kind of arguments are for the benefit of everyone, just that they hold different opinions and it's good, helps to see both sides of the coin. I have learned a lot from these kind of arguments. Please don't discourage these type of posts by calling them fighting.

I personally admire the knowledge they have and grateful for them for sharing it with us.

15Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Fri Nov 02, 2012 8:36 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

illuminati wrote:slstock, your response was spot on to my expectations. A small sugession, why dont you advice your beloved, loyal followers to hang on to their shares until the release of this quarter results too, rather than adivising them to dispose with the previous quarter results! Till then may be some can do a bit of off loading too. That will be fun right ?

Laughing

While it could be hell of a fun to see you keep posting and spreading bearish sentiments without mentioning your view on the ASI or the market at large, I should also like to point out that strategies may differ from on individual to another individual.

Ppl should take calculated risks? Shouldn't they?
Whether keeping the stocks or sell them depends on their knowledge and ability to hold.. Some ppl buy shares with short term expectations and then sell at a loss when those go down more..
So what can others' or their opinion do abt it?

Actually we saw ASI going down and ultimately hitting 4725.. Then how many ppl collected and cashed out after ASI hitting 6000+?

So when ASI hit 4725 and going up, we have been saying - its a market correction, the outlook is negative, ASI is yet to bottom out, this is a temporary setup, this is a minor correction, etc...and not to buy shares. ppl would believe us but that's an opportunity loss if they dont take a small risk and trade, right?

So rather than challenging a person's conventional wisdom why dont you share your intelligent view?
Surely it will lead to a better discussion for many to learn..

Dont be so naive.. You've been bearish from the day one but yet to provide a valid reason..

16Nosediving Trend in Banking Sector Empty Re: Nosediving Trend in Banking Sector Fri Nov 02, 2012 2:22 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Illuminati,

Hmm, your every 3 Month cyclic bear attacks are back when market is RED.
Remember the last conversation below ;-)
http://forum.srilankaequity.com/t20757-rcl-results-for-june-2012#129051

Okay lets keep this simple . Help the forum to learn and understand your logic. It will help us too.

Please answer the member question asked here . Also the below ..

1) When was the last time you invested at CSE ( are you currently) and if not when will you invest again ?
2) Are all companies at CSE doing horrible? None deserves investment is it?
3) Do you hate long term investors?
4) If you feel this market is very dangerous do me and other a favour and tell us should
we sell everything now? ( short term, long term, medium shares all of it)
5) Where do you think ASI should end up falling. When should be buy back again then?


Thanks in advance for your insight.

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