I am a late comer to this share. My average price is around 16.
What is your target price to exit? How much do you expect from here for next 3-4 months?
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute
Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute
This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.
Contribute
This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.
Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.
Contribute
AITKEN SPENCE HOTEL HOLDINGS PLC
ANILANA HOTELS AND PROPERTIES PLC
B
BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
C
CARGO BOAT DEVELOPMENT COMPANY PLC
CEYLON GRAIN ELEVATORS PLC Hot
COLOMBO FORT LAND & BUILDING PLC
COMMERCIAL CREDIT AND FINANCE PLC
D
DIALOG AXIATA PLC
DISTILLERIES COMPANY OF SRI LANKA PLC
E
F
G
H
HAYLEYS FABRIC PLC
HVA FOODS PLC
J
JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
L
LANKEM CEYLON PLC
LAUGFS GAS PLC
LUCKY LANKA MILK PROCESSING COMPANY PLC
M
N
NATION LANKA FINANCE PLC
NESTLE LANKA PLC
O
P
PEOPLE'S LEASING & FINANCE PLC
PIRAMAL GLASS CEYLON PLC
R
RICHARD PIERIS AND COMPANY PLC
RICHARD PIERIS EXPORTS PLC Hot
ROYAL CERAMICS PLC
S
SOFTLOGIC LIFE INSURANCE PLC
SRI LANKA TELECOM PLC
T
TESS AGRO PLC
TOKYO CEMENT COMPANY (LANKA) PLC Hot
U
V
VALLIBEL ONE PLC Hot
W
@kalum wrote:I dont want to exit in short term. I have decided to add it in to foundation shares of my PF. I believe it will be a future gem. If you could remember tortoise plus theory introduced by one of our famous guy during the last rally, if you get the basic idea, then you will understand what i am mentioning here.![]()
@Chinwi wrote:There is a theory called tortoise strategy.
Tortoise Plus may be an advancement of it designed by MW or anybody.
Opposite of Tortoise is Hair. ( ඉබිබයි හාවයි රේස් එක වගේ )
They believe finally ibba (Tortoise ) may win although in short term you may see hawa (hare) is running passing ibba.
Some investors like to invest in high performing proven stocks with high PER. High PER means the price has already grown up reflecting their good performances. They think it may go further up as the companies are steady and proven performers. They are called growth investors. Somehow others think there is a risk because prices are in peak and chances are more to fall.
In contrast, people who find low PER companies to invest are called value investors. They think the companies they select are steady and their real growth is to come in the future hence they are at low prices, safer than already performed high PER stocks. They are not in a hurry to get quick returns, believe their stocks may give good return in future , slowly but with steady growth and eventually beat others. This is called Tortoise strategy. (best local example was finding BFL @ 15/- with 0.80 PER in 2009)
But, there is one call 'The Turtle strategy' also. I have no much knowledge about it.
From www I reproduce:
This was developed by Richard Dennis and William Eckhardt around 1983, is based on the simple observation that the market is not always tradable. The market can be in a trend?, or it can be in a consolidation?. Consolidations are dangerous to trade, since you never know what the market will do if it comes out of the consolidation.
So the Turtle system tries to avoid trading in a consolidation period. Often, a consolidation ends with the start of a new trend. The longer the consolidation lasts, the stronger the following trend tends to be.
You decide entry and exit points in the trends. Think like a turtle.
1. Trade in the present. Do not dwell on the past or try to predict the future. The former is counterproductive, and the latter is impossible.
2. Think in terms of probabilities, not prediction. Instead of trying to be right by predicting the market, focus on methods in which the probabilities are in your favor for a successful outcome over the long run.Take responsibility for your own trades.
3. Don't blame your mistakes and failures on others, the markets, our broker, and so forth. Take responsibility for your mistakes and learn from them.
All above are what I understood, I am not an expert on this.
@seek wrote:@kalum wrote:I dont want to exit in short term. I have decided to add it in to foundation shares of my PF. I believe it will be a future gem. If you could remember tortoise plus theory introduced by one of our famous guy during the last rally, if you get the basic idea, then you will understand what i am mentioning here.![]()
I don’t think anyone including MarketWatch can explain the meaning of tortoise plus theory. It is just a term that is used for his own purpose.
I can remember the below thread that Chinwi used to explain it during early 2011.
http://forum.srilankaequity.com/t371-what-is-this-tortoise-plus-strategy@Chinwi wrote:There is a theory called tortoise strategy.
Tortoise Plus may be an advancement of it designed by MW or anybody.
Opposite of Tortoise is Hair. ( ඉබිබයි හාවයි රේස් එක වගේ )
They believe finally ibba (Tortoise ) may win although in short term you may see hawa (hare) is running passing ibba.
Some investors like to invest in high performing proven stocks with high PER. High PER means the price has already grown up reflecting their good performances. They think it may go further up as the companies are steady and proven performers. They are called growth investors. Somehow others think there is a risk because prices are in peak and chances are more to fall.
In contrast, people who find low PER companies to invest are called value investors. They think the companies they select are steady and their real growth is to come in the future hence they are at low prices, safer than already performed high PER stocks. They are not in a hurry to get quick returns, believe their stocks may give good return in future , slowly but with steady growth and eventually beat others. This is called Tortoise strategy. (best local example was finding BFL @ 15/- with 0.80 PER in 2009)
But, there is one call 'The Turtle strategy' also. I have no much knowledge about it.
From www I reproduce:
This was developed by Richard Dennis and William Eckhardt around 1983, is based on the simple observation that the market is not always tradable. The market can be in a trend?, or it can be in a consolidation?. Consolidations are dangerous to trade, since you never know what the market will do if it comes out of the consolidation.
So the Turtle system tries to avoid trading in a consolidation period. Often, a consolidation ends with the start of a new trend. The longer the consolidation lasts, the stronger the following trend tends to be.
You decide entry and exit points in the trends. Think like a turtle.
1. Trade in the present. Do not dwell on the past or try to predict the future. The former is counterproductive, and the latter is impossible.
2. Think in terms of probabilities, not prediction. Instead of trying to be right by predicting the market, focus on methods in which the probabilities are in your favor for a successful outcome over the long run.Take responsibility for your own trades.
3. Don't blame your mistakes and failures on others, the markets, our broker, and so forth. Take responsibility for your mistakes and learn from them.
All above are what I understood, I am not an expert on this.
@stockhunter@stocks hunter wrote: 50% basis points rate cut happened between 31 march and 30 june period. That means there profits should be more than their 1Q 2013 profits, simply because of benefit their getting from the bond trades due to reduction in interest rates.
@kalum wrote:@seek wrote:@kalum wrote:I dont want to exit in short term. I have decided to add it in to foundation shares of my PF. I believe it will be a future gem. If you could remember tortoise plus theory introduced by one of our famous guy during the last rally, if you get the basic idea, then you will understand what i am mentioning here.![]()
I don’t think anyone including MarketWatch can explain the meaning of tortoise plus theory. It is just a term that is used for his own purpose.
I can remember the below thread that Chinwi used to explain it during early 2011.
http://forum.srilankaequity.com/t371-what-is-this-tortoise-plus-strategy@Chinwi wrote:There is a theory called tortoise strategy.
Tortoise Plus may be an advancement of it designed by MW or anybody.
Opposite of Tortoise is Hair. ( ඉබිබයි හාවයි රේස් එක වගේ )
They believe finally ibba (Tortoise ) may win although in short term you may see hawa (hare) is running passing ibba.
Some investors like to invest in high performing proven stocks with high PER. High PER means the price has already grown up reflecting their good performances. They think it may go further up as the companies are steady and proven performers. They are called growth investors. Somehow others think there is a risk because prices are in peak and chances are more to fall.
In contrast, people who find low PER companies to invest are called value investors. They think the companies they select are steady and their real growth is to come in the future hence they are at low prices, safer than already performed high PER stocks. They are not in a hurry to get quick returns, believe their stocks may give good return in future , slowly but with steady growth and eventually beat others. This is called Tortoise strategy. (best local example was finding BFL @ 15/- with 0.80 PER in 2009)
But, there is one call 'The Turtle strategy' also. I have no much knowledge about it.
From www I reproduce:
This was developed by Richard Dennis and William Eckhardt around 1983, is based on the simple observation that the market is not always tradable. The market can be in a trend?, or it can be in a consolidation?. Consolidations are dangerous to trade, since you never know what the market will do if it comes out of the consolidation.
So the Turtle system tries to avoid trading in a consolidation period. Often, a consolidation ends with the start of a new trend. The longer the consolidation lasts, the stronger the following trend tends to be.
You decide entry and exit points in the trends. Think like a turtle.
1. Trade in the present. Do not dwell on the past or try to predict the future. The former is counterproductive, and the latter is impossible.
2. Think in terms of probabilities, not prediction. Instead of trying to be right by predicting the market, focus on methods in which the probabilities are in your favor for a successful outcome over the long run.Take responsibility for your own trades.
3. Don't blame your mistakes and failures on others, the markets, our broker, and so forth. Take responsibility for your mistakes and learn from them.
All above are what I understood, I am not an expert on this.
You are correct. I was a bit investor even before his tortoise+ theory comes in to play. Different people understood it differently. But as per my study along his statements, especially regarding BFL, there was some thing I learnt from him.
investors forum now become obsolete. Even it is not loading with proper styles in my PC. I really miss MW.
Anyway since last rally i was studying few shares to become future gems. there's a few i noted, but cant speak in public anyway. reason is that i will possibly be wrong in my analysis and i cant drag anyone with me if i fall. the other reason is i got wrong in half to half decisions i took over pass decade![]()
Permissions in this forum:
You cannot reply to topics in this forum