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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » East - sudden occurence of huge selling pressure in last half an hour

East - sudden occurence of huge selling pressure in last half an hour

3 posters

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surf


Equity Analytic
Equity Analytic

is this due to credit clearance by the brokers or else red sign about downward trend?
Actually i have collected considerable amount of East at very discounted price(10.50).But i feel it is still very good to hold(I'm not an expert).But why this sort of panic selling?It is really appreciable if senior investors can share their thoughts regarding East

uditha9


Manager - Equity Analytics
Manager - Equity Analytics

surf wrote:is this due to credit clearance by the brokers or else red sign about downward trend?
Actually i have collected considerable amount of East at very discounted price(10.50).But i feel it is still very good to hold(I'm not an expert).But why this sort of panic selling?It is really appreciable if senior investors can share their thoughts regarding East
1/ due to profit taking.shares dont go up like a rocket. also after making a50% profit if didnt sell then some thing is wrong some where
2/weak market coditions

surf


Equity Analytic
Equity Analytic

uditha9 wrote:
surf wrote:is this due to credit clearance by the brokers or else red sign about downward trend?
Actually i have collected considerable amount of East at very discounted price(10.50).But i feel it is still very good to hold(I'm not an expert).But why this sort of panic selling?It is really appreciable if senior investors can share their thoughts regarding East
1/ due to profit taking.shares dont go up like a rocket. also after making a50% profit if didnt sell then some thing is wrong some where
2/weak market coditions

I respect to your thoughts uditha.But in the morning there was very good opportunity if somebody want to take profits. East was traded even beyond the 17 level. I have sold some of my shares at that level to cover the 80% of my cost.

JennyFunny


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Why is EAST going up?

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