Market correction.???????

Though we are optimistic corrections can happen and people have forgotten that word.What you expect in coming weeks.Will we continue and have a "super September"?

Actually already we had a kind of correction in stocks which had some of the early rallies in the market. Example we had a correction in few stocks after having more than 100% returns. Expo was trading around Rs.5.50 and then it slowly went up to around Rs.11. After that it had a correction. Now it is trading around Rs.9.30. Another example is ECL. It started from Rs.4 and went up above Rs.15 recently and after that it had a correction. Normally lot of players like glamour stocks globally and they avoid boring value stocks with great potential in the mid and long run. Chances of loosing money are high in glamour stocks. These types of stocks which had correction too will go up again provided they maintain attractive earnings in the future and as long as major uptrend is intact. In a major uptrend pullbacks create great buying opportunities in a major uptrend. It is time to pay some attention to some boring stocks too.We should not predict the market. It is time to identify future winners.Good luck!

VALUEPICK wrote:Actually already we had a kind of correction in stocks which had some of the early rallies in the market. Example we had a correction in few stocks after having more than 100% returns. Expo was trading around Rs.5.50 and then it slowly went up to around Rs.11. After that it had a correction. Now it is trading around Rs.9.30. Another example is ECL. It started from Rs.4 and went up above Rs.15 recently and after that it had a correction. Normally lot of players like glamour stocks globally and they avoid boring value stocks with great potential in the mid and long run. Chances of loosing money are high in glamour stocks. These types of stocks which had correction too will go up again provided they maintain attractive earnings in the future and as long as major uptrend is intact. In a major uptrend pullbacks create great buying opportunities in a major uptrend. It is time to pay some attention to some boring stocks too.We should not predict the market. It is time to identify future winners.Good luck!

Dear VALUEPICK...CAN U PLEASE ADVICE ON tap...., THE PRICE STARTED TO DROP ON FRIDAY...WHAT SHOULD I DO SHOULD I HOLD OR SELL

OzTRADER wrote:

VALUEPICK wrote:Actually already we had a kind of correction in stocks which had some of the early rallies in the market. Example we had a correction in few stocks after having more than 100% returns. Expo was trading around Rs.5.50 and then it slowly went up to around Rs.11. After that it had a correction. Now it is trading around Rs.9.30. Another example is ECL. It started from Rs.4 and went up above Rs.15 recently and after that it had a correction. Normally lot of players like glamour stocks globally and they avoid boring value stocks with great potential in the mid and long run. Chances of loosing money are high in glamour stocks. These types of stocks which had correction too will go up again provided they maintain attractive earnings in the future and as long as major uptrend is intact. In a major uptrend pullbacks create great buying opportunities in a major uptrend. It is time to pay some attention to some boring stocks too.We should not predict the market. It is time to identify future winners.Good luck!

Dear VALUEPICK...CAN U PLEASE ADVICE ON tap...., THE PRICE STARTED TO DROP ON FRIDAY...WHAT SHOULD I DO SHOULD I HOLD OR SELL

Sorry, I haven’t done much study on TAP. In a major up trend there will be break out stocks in the market. TAP really had a breakout. Value method may be the best method. Because we are buying stocks on value before it break out and before we see building boxes or charts. Good luck

True Correction is happening on some shares. Market is still bullish. End up in a positive note even with the foreign out flow.

stevenapple wrote:True Correction is happening on some shares. Market is still bullish. End up in a positive note even with the foreign out flow.

will there be a uptrend to TAP

OzTRADER wrote:

stevenapple wrote:True Correction is happening on some shares. Market is still bullish. End up in a positive note even with the foreign out flow.

will there be a uptrend to TAP

Sorry OZ i don't have a much idea about this.
Is there anyone who can help Oz.??

Ok...thanx

OzTRADER wrote:

stevenapple wrote:True Correction is happening on some shares. Market is still bullish. End up in a positive note even with the foreign out flow.

will there be a uptrend to TAP

Dear OzTRADER,

Don Expect a Big Return within 2-3 Days... Just holdon with the shares You Bought....

Their are lot of huge Collection went on Friday with 5.50 - 5.70 level... there is a price potential on TAP & this will move up 8.00-9.00 with in a week...

& other thing is that, price was fall due to the market was down from 7,017.38 to 7,008.02... This is y all the share price went down & its Friday.

Almost all the share prices are start to fall down after 10:00 AM SRI LANKAN Time....

You need a GOOD PATIENT to invest money & to have a good return.

For More RETURN you need to EXPECT HIGH RISK as well... Dont forget that Brother !!!

HAVE A NICE WEEKEND !!! & WONDERFUL WEEK Ahead !!!

GIVE US GOOD NEWS NEXT WEEK   

HAPPY TRADE !!!       

MasterBlaster wrote:

OzTRADER wrote:

stevenapple wrote:True Correction is happening on some shares. Market is still bullish. End up in a positive note even with the foreign out flow.

will there be a uptrend to TAP

Dear OzTRADER,

Don Expect a Big Return within 2-3 Days... Just holdon with the shares You Bought....

Their are lot of huge Collection went on Friday with 5.50 - 5.70 level... there is a price potential on TAP & this will move up 8.00-9.00 with in a week...

& other thing is that, price was fall due to the market was down from 7,017.38 to 7,008.02... This is y all the share price went down & its Friday.

Almost all the share prices are start to fall down after 10:00 AM SRI LANKAN Time....

You need a GOOD PATIENT to invest money & to have a good return.

For More RETURN you need to EXPECT HIGH RISK as well... Dont forget that Brother !!!

HAVE A NICE WEEKEND !!! & WONDERFUL WEEK Ahead !!!

GIVE US GOOD NEWS NEXT WEEK   

HAPPY TRADE !!!       

MasterBlaster

On what basis are you telling that TAP will hit 8.00 or 9.00?

What is the logic behind it?

Pls explain..

novicer wrote:

MasterBlaster wrote:

OzTRADER wrote:

stevenapple wrote:True Correction is happening on some shares. Market is still bullish. End up in a positive note even with the foreign out flow.

will there be a uptrend to TAP

Dear OzTRADER,

Don Expect a Big Return within 2-3 Days... Just holdon with the shares You Bought....

Their are lot of huge Collection went on Friday with 5.50 - 5.70 level... there is a price potential on TAP & this will move up 8.00-9.00 with in a week...

& other thing is that, price was fall due to the market was down from 7,017.38 to 7,008.02... This is y all the share price went down & its Friday.

Almost all the share prices are start to fall down after 10:00 AM SRI LANKAN Time....

You need a GOOD PATIENT to invest money & to have a good return.

For More RETURN you need to EXPECT HIGH RISK as well... Dont forget that Brother !!!

HAVE A NICE WEEKEND !!! & WONDERFUL WEEK Ahead !!!

GIVE US GOOD NEWS NEXT WEEK   

HAPPY TRADE !!!       

MasterBlaster

On what basis are you telling that TAP will hit 8.00 or 9.00?

What is the logic behind it?

Pls explain..

Friday even market was down ( 7,017.38 to 7,008.02 ), their are lot of collection happened with Huge quantities... So their are secure on the price I mention above...

HOPE for the BEST from coming WEEK !!!