- Good performance of banks were foretasted in advance and price appreciation of many BFIs were took place in January with anticipated results of December performance.
- It is BFI sectors that significantly contributed to bull runs in 2010, so shares appreciated in advance for 2010 performance (though dropped slightly in November 2010.)
- Most importantly, as BFI had best price appreciations in 2010 bull runs, it is reasonable to expect many debts (credit purchases) may include BFI shares. Thus there would be significant selling pressure in coming weeks as 50% of debt has to clear by March end.
- In addition to that due to some reasons that I have mentioned previously on this forum ( http://forum.srilankaequity.com/t341-market-behaviour-of-next-week-up-or-down#1656 ), the market may go down . If it happen, BFI also tend to go down.
Therefore, there may be only one rally that can expect. That is the rally to hell (up to March 31).
Any other different view?
This is my opinion, just shared with you. DO NOT TAKE INVESTMENT DECISIONS ON THIS ALONE.