@bliss wrote: @knowledge wrote:I am not advocating nor advising against PCH, this is purely my opinion and I think it's all gotten out of hand the last few weeks. Whoever Marketwatch/Marketbull is, one thing he has always done: advised people to do their own research, so nobody can blame him. Everyone legally entitled to trade is legally bound by accepting the outcome of their own decisions.
As for those forecasting a dooms day scenario for Monday, well, personally I believe that PCH will go down to about 25 next week and then hover there for a while before the next run (35 maybe). Some big players have identified PCH as a target and it's mostly the small traders that are selling off at the moment, collecting profits and engaging in the usual panic sell-offs. Good luck to everyone, PCH or not, just keep these forums clean please. We all want to make some money, nobody likes to lose, and in the end we are all here to learn something.
How can u say lk that???? Looks lk u r holdin some PCH shares n stuck wit it...I see this is as some kind of a pro..coz if da reports r nt out u cn still live in ur dream world....bt da reality is virtual...
wOw next run will take it to 35...unbelievable....if people r still blind as same as u thiz will happen..
MOst importantly u r talkin abt MW...my frend nobody iz perfect in thiz world.nobdy can predict da market behavior same at is.no analyst can b 100% sure abt any stock. we hv seen some stocks bevior r completely away from fundamentals...datz coz of crowd behavior...
Itz true MW in his posts told did not recommend buy/sell stocks....
but whn u post 100 posts abt da same thn n whn u hd built a good reputation among others don`t u hv some faith in him...u knw wat i mean...BFL..(most of his barriers came true)thiz isnt true for all...coz people who has some knowledge always do their studies b4 buyin a share...bt there r lot of people who go aftr gossips,romors n follow da crowd.thiz iz da mentality of most sri lankans...
follow this link wat chinwi told wat he heard in a bank....
http://forum.srilankaequity.com/t351p10-pch-victim-talks
if u want i cn give u anthr xample wat rumors can do...b4 golden key collapse their was a rumor among people abt Mr.Kavan Perera`s case n soooner it`l bankrupt.so da crowd followed 1 aftr other n it led for bankruptcy...& thiz led Sriram investors to withdraw their deposits too..any bank can collapse if all investors ask their money at da same time...so finally wat happened...ceylinco group was collapsed...people were devastated...stil sufferin....
Thiz iz wat rumors can do...
wat MW did was STIMULATION of others 2wards PCH....
if u post anythn on a stock forum as da way u want wat da hell SEC suspended investnow....gv me answers...
coz that can lead to manupulation...correct me if i`m wrong bt nt u....thiz iz my angle...
Tnx in advance...
bliss,
Appreciate your response, and partially agree, partially disagree. Let me reply your post one by one, that makes it easier to read and understand.
01) Yes, I do hold PCH as part of my portfolio. I bought them at Rs10 long before all of this started and have no intention to sell anytime soon (I'm not stuck with it, I'm happy about it. You know what they say about assumptions, right?). In fact I'm contemplating to buy more next week when (as I presume) it'll drop to below 25.
02) The future share prices I talked about (25 and 35) are my personal belief, nothing more. If KHL can trade at a PE of 120, why can't PCH trade at a PE of 35? Where's the logic that says it can't? Why is it so unbelievable in the eyes of those who missed the train when PCH traded at Rs8-9?
03) Fully agree that nobody can 100% predict a share price, that's impossible. Marketwatch's comments on investnow certainly put fuel into the fire, however, there are still buyers, so either they are all completely brainwashed, are day traders or believe that PCH has a future (I for one believe the latter). The fast growth was certainly unfounded and part of a hype created on many fronts (not only investnow), the result of which is seen now, with the price dropping to where it should be.
04) I don't think you can compare the Golden Key or Ceylinco disasters with PCH's share price doubling in a few days. After all, it's a profit making publicly traded company and with only a small part of its shares in public float the comparison doesn't hold water. I understand your sentiment though.
05) Of course stimulation can lead others to buy, though I firmly believe that for every person out there promoting a stock to bring the price up, there's one talking it down in order to lower the price and collection. The market is being manipulated on a daily basis, whether we like that or not. That being said, if Marketwatch is responsible for all of this alone, the majority of the current PCH shareholders should be investnow readers. Check the Top20 in their recent report and you will find that that's highly unlikely. Also compare Dr. Senthilverl's holding between the last two financial reports and you know who bought the most over the past weeks.
Thanks again for taking the time to reply, appreciate the input.
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