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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Free lanka Holding should i sell or hold

Free lanka Holding should i sell or hold

+11
Jeejay
DXB2252
banarahu
uditha9
pradeeptha_007
amibroker
npc86
Pichchiya
TuskerLK
econ
lumaxx
15 posters

Go down  Message [Page 1 of 1]

1Free lanka Holding should i sell or hold Empty Free lanka Holding should i sell or hold Tue May 03, 2011 6:45 pm

lumaxx


Stock Analytic
Stock Analytic

Guys,

I have a small concern, i spoke to friend of mine who has a good position in a stock brokerage.i asked about FLCH on whether it would go up.he said it will float around the current price which is 5.10 and 5.20 and its better off to sell it and go something else which is profitable.

I want to sell it but before that i want to get a second opinion,Do u think it is worthwhile holding on to this share??

econ

econ
Global Moderator

I am also holding free lanka shares but I never sell it around 5.20. I saw some crossings at 7 rs few weeks ago. so long term value is there and it is good company to hold.

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Me too holding..it should go up....

Pichchiya


Senior Equity Analytic
Senior Equity Analytic

I think it is worthwhile as a medium and long term share rather short term.

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Pichchiya wrote:I think it is worthwhile as a medium and long term share rather short term.



Yap, Me too, infact almost all the upcoming IPOs gonna be medium term

npc86

npc86
Manager - Equity Analytics
Manager - Equity Analytics

econ wrote:I am also holding free lanka shares but I never sell it around 5.20. I saw some crossings at 7 rs few weeks ago. so long term value is there and it is good company to hold.

Agreed with you econ. This is my light of the hope..!

It seems lot of retailers going away from this ...

amibroker


Manager - Equity Analytics
Manager - Equity Analytics

lumaxx wrote:Guys,

I have a small concern, i spoke to friend of mine who has a good position in a stock brokerage.i asked about FLCH on whether it would go up.he said it will float around the current price which is 5.10 and 5.20 and its better off to sell it and go something else which is profitable.

I want to sell it but before that i want to get a second opinion,Do u think it is worthwhile holding on to this share??


I sold @ 5.80 and although I was feeling bad then, now it was a good decision, My strategy is to get rid of any share whether its good on paper or not if it had fallen ATR * 2.5 of the purchased price or earlier if I feel share will fall. Another example is TAFL , I entered @ 180 but sold at 175 with a loss... If this happens I consider this as bad entry point. I don't make super profits but overall it worked very well for me to preserve my capital in case of price fall. I see some people holding on to falling shares for long and ultimately they sell it at a higher loss. It depends on your strategy, your risk appetite and holding power I guess...

pradeeptha_007


Equity Analytic
Equity Analytic

if you guyz wish to keep it, keep it till june most probably the market will go up by next month. but FLCH will not reach 7.00 it will be around 5.50< X < 6.50

uditha9


Manager - Equity Analytics
Manager - Equity Analytics

amibroker wrote:
lumaxx wrote:Guys,

I have a small concern, i spoke to friend of mine who has a good position in a stock brokerage.i asked about FLCH on whether it would go up.he said it will float around the current price which is 5.10 and 5.20 and its better off to sell it and go something else which is profitable.

I want to sell it but before that i want to get a second opinion,Do u think it is worthwhile holding on to this share??


I sold @ 5.80 and although I was feeling bad then, now it was a good decision, My strategy is to get rid of any share whether its good on paper or not if it had fallen ATR * 2.5 of the purchased price or earlier if I feel share will fall. Another example is TAFL , I entered @ 180 but sold at 175 with a loss... If this happens I consider this as bad entry point. I don't make super profits but overall it worked very well for me to preserve my capital in case of price fall. I see some people holding on to falling shares for long and ultimately they sell it at a higher loss. It depends on your strategy, your risk appetite and holding power I guess...

you are very correct mr. amibroker.with 20 years of experience i also do the same.first thinng is not profits but no capital errosion.for flch sell it but dont by any thing.for the time being. you might get better better oppurtunities in future

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics

If you don't have any credit problems, then its not the suitable time to sell...

DXB2252


Senior Equity Analytic
Senior Equity Analytic

FLCH good for long term,if you can hold for long term you could get a better return,

Jeejay


Senior Equity Analytic
Senior Equity Analytic

lumaxx wrote:Guys,

I have a small concern, i spoke to friend of mine who has a good position in a stock brokerage.i asked about FLCH on whether it would go up.he said it will float around the current price which is 5.10 and 5.20 and its better off to sell it and go something else which is profitable.

I want to sell it but before that i want to get a second opinion,Do u think it is worthwhile holding on to this share??

what is the profitable share your brocker advised you to buy, sell off FLCH.

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Well, I would say there is a sector, which is intended to outperform the future market 1~5 year. it is associated with green energy, CDM( Clean Development mechanism). I would not recommend anything. As world market direction, Renewable energy sector may perform well.
My priority concern with PAP, FLCH.

I don't say they will break X price nor Y price withing XX time. I would say, they have potential to develop, but it is always up to their top managements, if they can make use of these opportunities, well!

investor.sl

investor.sl
Senior Equity Analytic
Senior Equity Analytic

Please let me know the meanings of Medium term investments and long term investments? What are the time periods? Question

raa


Manager - Equity Analytics
Manager - Equity Analytics

for me:
- short is 1 week - 3 months
- medium is 3 months - 1 year
- and long is 1 year - 3 or 5 years depending on how patient or impatient you are.

I have a small IPO allotment for FLCH, and i'm not desperate to sell so i will sit on it as long as necessary. Don't be hasty to sell now unless you need the money!

investor.sl

investor.sl
Senior Equity Analytic
Senior Equity Analytic

Smile

sham118


Stock Analytic
Stock Analytic

Generally IPO comes to mkt with the discount and thus FLHC too. Now trading @ IPO price, those who bought with credit now trying to exit, if you look at the prospect and the demand for this share was huge. This is the same happened to LAUGHFS went down below the IPO price just after few days from IPO, rebound, I was lucky to accumulate at the IPO price and exit with super profit.
I feel the same for FLCH, and there are lot shares now oversold, fear make the case worse. If you have ability to hold, and to buy... I beleive it is worth.

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