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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ASI Today

ASI Today

+8
D.G.Dayaratne
sikka89
Nitro 7
SHARK aka TAH
DUWI
fff4sl
RPPA
stocksira
12 posters

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1ASI Today  Empty ASI Today Mon Oct 13, 2014 5:51 pm

stocksira

stocksira
Manager - Equity Analytics
Manager - Equity Analytics

ASI Today  Asi10

The ASI is seen correcting after being over bought for a couple of weeks. The index has fallen below the 20 day moving average for the 1st time since April.
This has provided decent support to the market in the past 6 months. Any attempt to rally will be met with resistance around 7300 levels. Support between
7050 and 7000 is evident at this moment in time.

Capital Trust

2ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:13 pm

RPPA


Expert
Expert

stocksira wrote:ASI Today  Asi10

The ASI is seen correcting after being over bought for a couple of weeks. The index has fallen below the 20 day moving average for the 1st time since April.
This has provided decent support to the market in the past 6 months. Any attempt to rally will be met with resistance around 7300 levels. Support between
7050 and 7000 is evident at this moment in time.

Capital Trust

Ya they are known to put investors in rubble. They definitely prefer more selling by spreading negativity  to collect at low.

"Maxa game karayo" With no humor.

3ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:19 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If this is Cap Trst's game?
How come no one can resist?

4ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:26 pm

RPPA


Expert
Expert

fff4sl wrote:If this is Cap Trst's game?
How come no one can resist?


No we can't say this is a game if them. This fall is long due. i feel now it is time to recover.
If it not recovers tomorrow it is more panic on retailers than any thing else.

Key is to monitor the turnover if tomorrow also ends in red by ignoring crossings. Today big players also sold some what. As no point in holding when others are selling to collect at low.

5ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:33 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I collected CSD & COCO last week and today to minimize my average cost.
I am in the trade from this august. However I will wait till full recovery.
This is a good experience for me...

6ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:46 pm

DUWI


Senior Equity Analytic
Senior Equity Analytic

This is a healthy pullback.

Technically,
- First support level at 7175
- Second support level at 7050

Fundamentally,
- Market is undervalued relative to interest rates (5.8%).
- Strong macro fundamentals - Strong GDP growth, low & sustainable inflation, stable currency.
- Corporate earnings growth to revive on reduction in finance costs (interest rates), utility and fuel/energy prices (lower opex).

Seems like a buying opportunity.

7ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:53 pm

RPPA


Expert
Expert

DUWI wrote:This is a healthy pullback.

Technically,
- First support level at 7175
- Second support level at 7050

Fundamentally,
- Market is undervalued relative to interest rates (5.8%).
- Strong macro fundamentals - Strong GDP growth, low & sustainable inflation, stable currency.
- Corporate earnings growth to revive on reduction in finance costs (interest rates), utility and fuel/energy prices (lower opex).

Seems like a buying opportunity.

This market will not fall continuously until interest rates start rising. The only warring factor for me is on paper the P/E is still 19.60 times for audited financials released.

Actually it should be below that with latest numbers.

8ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 6:58 pm

DUWI


Senior Equity Analytic
Senior Equity Analytic

Trailing 4 quarter PE of largest 40 companies (66% of market cap.) is 16X.
Projected PE is 14X.

9ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:02 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Just need to watch the Volumes against the Index loss Very Happy

An extreme correction would be 6800points before next move.

Basketball

10ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:15 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

6800???
I don't know what to say.

Mr.Sharks predictions are so far so good.

What is your advice for newcomers Mr.Shark???

11ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:19 pm

Nitro 7


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Spot on RPPA

RPPA wrote:
DUWI wrote:This is a healthy pullback.

Technically,
- First support level at 7175
- Second support level at 7050

Fundamentally,
- Market is undervalued relative to interest rates (5.8%).
- Strong macro fundamentals - Strong GDP growth, low & sustainable inflation, stable currency.
- Corporate earnings growth to revive on reduction in finance costs (interest rates), utility and fuel/energy prices (lower opex).

Seems like a buying opportunity.

This market will not fall continuously until interest rates start rising. The only warring factor for me is on paper the P/E is still 19.60 times for audited financials released.

Actually it should be below that with latest numbers.

12ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:25 pm

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

fff4sl wrote:6800???
I don't know what to say.

Mr.Sharks predictions are so far so good.

What is your advice for newcomers Mr.Shark???
Mr shark is wrong this time too.lioc he was thnking the other way and ctc was expecting 800.

13ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:28 pm

RPPA


Expert
Expert

SHARK aka TAH wrote:Just need to watch the Volumes against the Index loss Very Happy

An extreme correction would be 6800points before next move.

Basketball

6,800 you got to be kidding me. ASI will not fall that far. I'll bet on that.

I have already said all what i have to say. While most people are hesitant to be specific in what they say at current context.

I may be wrong. I say things  based on my own judgement & workings. Normally i don't divulge them others, as they may not agree.

AND am not even one month to this forum.

WILL SEE

14ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:40 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

ASI will not go beyond 7175 first Support level

So far we do not know any reason except correction

Some say one broker hut has done this purposely If so this should be investigated by relevant authorities

15ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:41 pm

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

[quote="
Some say one broker hut has done this purposely If so this should be investigated by relevant authorities[/quote]

Twisted Evil Twisted Evil Twisted Evil

16ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:44 pm

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hope forum will be helpfull in highlighting this fact

17ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:47 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Tomorrow market strongly go up already market last 3 days down normaly 4th day tomorrow should be go up correction and debit clearnce also over.



Last edited by Gainer on Mon Oct 13, 2014 7:58 pm; edited 1 time in total

18ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 7:48 pm

RPPA


Expert
Expert

D.G.Dayaratne wrote:ASI will not go beyond 7175  first Support level

So far we do not know any reason except  correction

Some say one broker hut has done this purposely If so this should be investigated by relevant authorities

investigations can't be conducted on these. People can sell shares at any price they want. This not a situation like PCP.

This is market condition.

19ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 9:24 pm

stocksira

stocksira
Manager - Equity Analytics
Manager - Equity Analytics

SHARK aka TAH wrote:Just need to watch the Volumes against the Index loss Very Happy

An extreme correction would be 6800points before next move.

Basketball

Shark - I sold everything for overall 19% gain except few counters such as HHL, CINS NEST SAMP TAFL COCR APLA bounce bounce bounce bounce bounce bounce

I even sold LIOC 40,000 with 8% gain : cheers cheers cheers cheers for the second time after first 17 % gain in the first run before XD Basketball Basketball Basketball Basketball

If ASI drops to 6800 wahooooooooooooooooo Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing

20ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 9:55 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

i have to agree with RPPA.

my thoughts are 7050 couls hold as a 1st Support line.

That would mean another couple of days and we are at 7000 Very Happy .... awesome know

21ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 10:12 pm

stocksira

stocksira
Manager - Equity Analytics
Manager - Equity Analytics

SHARK aka TAH wrote:i have to agree with RPPA.

my thoughts are 7050 couls hold as a 1st Support line.

That would mean another couple of days and we are at 7000 Very Happy .... awesome know

Yes aaaawsome. I missed about 5% more gain because of my greediness. Last Tuesday felt that I should exit but again felt bit greedy for some more and cost me about 4-5%. That's OK, its a lesson for me.

SStar is a super star, she or he has existed clean. Her adviser also seems to be good.

Shark - heard that you are in town ... shall we meet for a cheers cheers cheers ?

22ASI Today  Empty Re: ASI Today Mon Oct 13, 2014 11:49 pm

Dr Stock

Dr Stock
Co-Admin

About superstars - information is wealth..!

23ASI Today  Empty Re: ASI Today Tue Oct 14, 2014 3:30 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

From tomorrow market strongly go up next target ASI 7700 cheers

24ASI Today  Empty Re: ASI Today Tue Oct 14, 2014 3:36 pm

Fairtrade

Fairtrade
Manager - Equity Analytics
Manager - Equity Analytics

Yeah. Wish the same

25ASI Today  Empty Re: ASI Today Tue Oct 14, 2014 5:58 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It is better...

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