CSE and future

Thanks SLS for providing these advice.

Even if tomorrow results red, Even though the red color dominated on few days we can expect bullish trend continue IFF <=>
- observe good absorbing mechanism in selling
- down words in selected stocks and noticeable collecting in some other stocks
- if foreign keep on start buying as yday
- when bank and finance sector stats rally
- if SL prepare a strong backup for March Geneva event. (Despite of eh false alarms of LTTE favorable western voices)
- may be good year end results and selected counters.
- raise of fallen giants (w.r.t NAV/Earnings)

31st Jan :

With about 35 minutes to go, turnover at Rs 1.03 billion .

Crossing so far only Rs 75.0 million !!

Retailer are coming back it seems with this Fin sector merger .

Ended at 1.33 billion. Foregin Inflow 210 mil today . Not bad, after yesterday selling.

Also time to read the below
http://forum.srilankaequity.com/t32521-bank-fin-merger-hype-warning

Anyone like my Avatar  

slstock wrote:Anyone like my Avatar  

Tomorrow maybe around Flat or Green.

slstock wrote:Anyone like my Avatar  

I can understand meaning behind that. But…………………….

Don't think of quitting this forum SLS   

We need you 

slstock wrote:Anyone like my Avatar  

i like it !

i saw it a couple of years back at that museum in philly ! after paris, the philly one has the main collection.

i hope we are not yet at the Gates of Hell though  

No we are not at the Gates of Hell haha

Actually today a good thing happened on a technical  grounds :-).

It is important next trading day  it is closer to Flat or Green.

Today inflow over Rs 290 mil.

Nice to see few illiqd high caps falling,
GSF,SHAL....etc

slstock wrote:

slstock wrote:Anyone like my Avatar  

Tomorrow  maybe around Flat or Green.

Flat for sure   

Right now ASI 6196.

These red days were needed in my opinion , but if it falls much further today , it can induce some panic.

Like /wish to see it close over 6200 today.

Btw, CSE was lucky to be closed yesterday ;-) .

Feb 5th :
Market closed at 6175.  To be frank it was below what I expected.

Here are some observations/developments  for this happening
a ) When in the morning there was a COMB crossing  at Rs 127, in was surprising to see in  the last few minutes  why COMB was  dragged down to Rs 120 from Rs 126 for a large sale of shares in  the market .
b) As mentioned CSE was saved yesterday as it was closed on Holiday. The world markets went down badly on the 4th.  Japan much as 3.5% down. Thats big.

So I guess CSE had some response to that also today.

Anyway,  it is important market doesn;t sink too much further. Else for shorter term , overall market sentiment can get negative. One technical have turned negative. But some are still positive or neutral.

If market does behave as expected, use the opportunities wisely. ( this is not the time to hold weak shares)

Turnover is still decent. Today also about 50 mil foriegn inflow.

Can we hope for a bounce back on Friday  ( or even Thursday afternoon?)

TAH will be happy as he wanted 100 points down in SL20. Today itself , SP20 lost about 50 points. ( mainly to JKH and COMB)

slstock wrote:Right now ASI 6196.

These red  days were needed in my opinion , but if it falls much further today , it can induce some panic.

Like /wish to see it close over 6200 today.

Btw,  CSE was  lucky to be closed yesterday ;-) .

slstock wrote:Feb 5th :
Market closed at 6175.  To be frank it was below what I expected.

Here are some observations/developments  for this happening
a ) When in the morning there was a COMB crossing  at Rs 127, in was surprising to see in  the last few minutes  why COMB was  dragged down to Rs 120 from Rs 126 for a large sale of shares in  the market .
b) As mentioned CSE was saved yesterday as it was closed . The world market went down badly on the 4th.  Japan much as 3.5% down. That big.

So I guess there was some response to that also today.

Anyway,  it is important market doesn;t sink much further,

Can we hope for a bounce back on Friday  ( or even Thursday afternoon?)

TAH will be happy as he wanted 100 points down in SL20. Today itself , SP20 lost 50 points. ( mainly to JKH and COMB)

slstock wrote:Right now ASI 6196.

These red  days were needed in my opinion , but if it falls much further today , it can induce some panic.

Like /wish to see it close over 6200 today.

Btw,  CSE was  lucky to be closed yesterday ;-) .

if INDEX doesn't turn up within next 7 days....
we may have to say bye bye for big buying deals .....for 1 to 2 months....
hmm...
But i hope it should turn either tomorrow mid day or Friday.....
But JKH N and W may be the decision maker...

slstock wrote:Feb 5th :
Market closed at 6175.  To be frank it was below what I expected.

Here are some observations/developments  for this happening
a ) When in the morning there was a COMB crossing  at Rs 127, in was surprising to see in  the last few minutes  why COMB was  dragged down to Rs 120 from Rs 126 for a large sale of shares in  the market .
b) As mentioned CSE was saved yesterday as it was closed . The world market went down badly on the 4th.  Japan much as 3.5% down. That big.

So I guess there was some response to that also today.

Anyway,  it is important market doesn;t sink much further,

Can we hope for a bounce back on Friday  ( or even Thursday afternoon?)

TAH will be happy as he wanted 100 points down in SL20. Today itself , SP20 lost 50 points. ( mainly to JKH and COMB)

slstock wrote:Right now ASI 6196.

These red  days were needed in my opinion , but if it falls much further today , it can induce some panic.

Like /wish to see it close over 6200 today.

Btw,  CSE was  lucky to be closed yesterday ;-) .

Do anyone think COMB late activity was real.Anyway now it can be collected again upto 129.Slowly.

I would like to see JKH around 225, for a rebound .....A good point to collect

Almost all major world markets  closed in  considerable Green  ( either thurday or on Friday)
Can CSE take the same trend , be opposed to it or close Flat to be neutral.

There still appears some selling. Today DIAL 400 mil is it foreign ?
Just now JKH had a 220000 share crossing at 229.

Just remember , when people expect others wise things can go opposite.

Give us a blast in the last hour.

dhanurrox wrote:Give us a blast in the last hour.

Anyway what ever says darama in geneva also matters , so market will be down as well as Big boy JKH .. hoping to buy below 220...

Out of all shares IF some foreigners might want to sell, I hope not for CTC and NEST.

These share are high caps trading at premiums at CSE.
Some companies are still holding to CTC for example which they bought below Rs 300 ( and now at Rs 1300. )
Same propoirtions with NEST . One good thing is most companies who bought are long term investors.

However, if they decide to sell directly in market or much lower via crossings , it will be very detrimental to present market sentiments.

Any idea with NEST, CTC, COMB, CLC down about 25 points ( buy DIAL last minute push adding 5 points ) how SL20 index is down only 3 points overall !

slstock wrote:Out of all shares IF  some foreigners might want to sell, I  hope  not for CTC and NEST.

These share are high caps trading at premiums at CSE.
Some companies are still holding to CTC for example which they bought below Rs 300 ( and now at Rs 1300. )
Same propoirtions with NEST . One good thing is most companies who bought are long term investors.  

However,  if they decide to sell directly in market or much lower via crossings ,  it will be very detrimental to present market sentiments.



 

Never mind,  they corrected SP20 now. 15 points down ( .44%).

If SP20 drops over 1% more, it can go into oversold region ;-).

Guess TAH will also be happy with his "Waves" for a bigger recovery one in the future.


Guess further foreign selling is on cards today . Hope some other foreigner bought though ( even a local foreigner) else our retailer will worry too much.

slstock wrote:Any idea with NEST, CTC,  COMB, CLC down  about 25 points  (   buy DIAL   last minute push adding  5 points )  how SL20 index is down only 3 points overall !  

slstock wrote:Out of all shares IF  some foreigners might want to sell, I  hope  not for CTC and NEST.

These share are high caps trading at premiums at CSE.
Some companies are still holding to CTC for example which they bought below Rs 300 ( and now at Rs 1300. )
Same propoirtions with NEST . One good thing is most companies who bought are long term investors.  

However,  if they decide to sell directly in market or much lower via crossings ,  it will be very detrimental to present market sentiments.



 

Use these "red" times wisely. I am mainly addressing investors with holding power ( trader will get plenty of opportunities as well)

No market can be red or green always.

Think I should remind below

"This trend needs to continue upto about 6300-6500 taking small breaks in the middle ( so don't panic for red days). There will be resistance at around 6200 I presume if not sooner next week. We don't want to fall into a psyc trap as mentioned in the above thread if you read. If most hold their positions , prices of shares are only going to go up. This short term selling "cycle" needs to break for all to see better times at CSE. Did you see what happened at UAE and JAPAN last year. Dubai might not forget 2013 in a hurry . "

http://forum.srilankaequity.com/t32308-cse-in-2014-and-fundamental-shares-that-have-underperformed#190367

Thanks SLS. As you have highlighted it is very important the investors not be panic. anyway if you are an investor you shouldn't be worry about day-to-day fluctuate. if you know you are holding is worth it's time to study the market and relax.

Foreign Outflow top 2.029 Billion YTD.

Dial has to be a foreign sale. I remember this share was Rs 5-6 in 2012 may-june and there was some big buying. If they exited big profits.

Anyway, Main share holder of DIAL need to sell about 300 million share to meet the 20% public float ;-) .
So there might be more crossing to come.

sriranga wrote:Foreign Outflow top 2.029 Billion YTD.

Dial Foreign holding change 47,500,000 shares.

It's TJL today's foreign attraction while DIAL,COMB,JKH following foreign outflow.

It's amazing how foreign dump COMB during past period, actually i don't see it is as a dumping counter for an investor   

Thanks.

There was lot of buying for COMB at 100. Seems only part of it being sold so far.

kalum wrote:It's TJL today's foreign attraction while DIAL,COMB,JKH following foreign outflow.

It's amazing how foreign dump COMB during past period, actually i don't see it is as a dumping counter for an investor   

slstock wrote:

Anyway, Main share holder of DIAL need to sell about 300 million share to meet the 20% public float ;-) .
So there might be more crossing to come.

For Dial, it's minimum public float should be 10% as i know.

Pls see SEC ruling below:

1. a) A Listed Entity on the Main Board shall maintain,

i. a minimum public holding of 20% of its total listed ordinary voting shares in the hands of a minimum of 750 public shareholders; or

ii. a market capitalization of Rupees 5 Billion of its public holding in the hands of a minimum of 500 public shareholders while maintaining a minimum public holding of 10%.


http://www.sec.gov.lk/?p=6331&lang=en