@dhanurrox wrote:Some become bears when they have cash in hand,some for other agendas but as usual at a unsuspected moment turnaround will come and everything will look brighter.
You hit the nail on the head ! well said.
We can never be optimistic or positive about the market if we are in cash i.e. Fixed Income Instruments. The reverse in also true if we are fully invested in Equity ! It is basic human nature.
Look at India. Their currency has tumbled over 20 % this year, they say huge economic problems, record outflows etc but still Sensex is down only 5 % from 20,000 to 19,000.
Our ASPI is down 11 % since 1st June (this is even before the NEST / CTC saga)
One month ago, lots of people were singing the praises of JKH @ 260/270, (saying it will go to 300-400 levels, casino project etc etc), now everyone is worried it will fall to 160. same with LLUBS. we have seen that sentiment in the Colombo market can change suddenly an in extremes.
lots of retailers have got burnt in speculatives like CIFL, TWOD & PC Group shares.
Manipulative traders & brokers must be engineering forced selling & margin calls with Index manipulation (odd lot strategy) to collect good shares at lower prices. Some Broker huts may be feeling the heat as well.
Even in the forum, scaremongers will try to drive maximum fear into the minds. after all, everyone likes stock to be cheap (so that they can buy).
At the moment, Fear is ruling. Buffet's motto is be fearful when others are greedy (sell) and be greedy when others are fearful (buy).
Ultimately, you must have a medium to long term view of the market and Invest / Trade without Margin or Credit. If you cannot stand the heat, its best to get out of the kitchen.
@dhanurrox wrote:but as usual at a unsuspected moment turnaround will come and everything will look brighter.
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