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monash wrote:I lost my patience with CITK. Sold today at breakeven.
Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB..
kcrRanz wrote:monash wrote:I lost my patience with CITK. Sold today at breakeven.
Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB..
Monash i have 6 years trading experience with CSE.I have heard lot of people are telling a story "Api sel karama ewa up wenawa " kiyala. I have already faced to that scenario. I also have a quantity of CITK. most of the time we re doing selling when some big party starting to to buy that.That's how the buying are active in a counter.U may noticed last month it dropped into 5.50/= rs. But nw there are buyers at 5.90. Everyday im already trying to sell CITK at 6.but again keep my patience. My heart says that will pass 7/= rs. within 1 day game. Lets c....but it will be good if you have invest u money in CFLB.that will touch 40/= rs. upcoming days.
CITK will follow the CLND. Not REEF.monash wrote:kcrRanz wrote:monash wrote:I lost my patience with CITK. Sold today at breakeven.
Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB..
Monash i have 6 years trading experience with CSE.I have heard lot of people are telling a story "Api sel karama ewa up wenawa " kiyala. I have already faced to that scenario. I also have a quantity of CITK. most of the time we re doing selling when some big party starting to to buy that.That's how the buying are active in a counter.U may noticed last month it dropped into 5.50/= rs. But nw there are buyers at 5.90. Everyday im already trying to sell CITK at 6.but again keep my patience. My heart says that will pass 7/= rs. within 1 day game. Lets c....but it will be good if you have invest u money in CFLB.that will touch 40/= rs. upcoming days.
I could have easily sold it at 6.10 last week. But my target was 7+.
CITW exceeded my target, unfortunately CITK couldn't break 6.10 resistance. As i mentioned before there might be big insider deal happening nowadays. Im eager to see top 10 shareholder list in next quarter results.
I bought both CITK and CITW for short term trading purpose.
I Kept CITK for 2 weeks and 3 times it tested 6.10 resistance but couldnt breakout even with REEF N movement. May be one of top shareholder exiting. I will buy back if this selling is over and break 6.10.
i started to buy CFLB from last week, today i increased my holding. I'm not sure about Rs. 40 as i expect market correction on end of this week. But Rs.37+ enough for me as i entered below 33.
monash wrote:I lost my patience with CITK. Sold today at breakeven.
Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB..
I don't know why you bought CITK. They don't have any plan to start constructing the hotel. I may guess , Liberty plaza developments may have good impact on this share. But I think it is just a some development, nothing some thing bigAubrey Perera wrote:Very frustrating with CITK for me as well. I have a decent quantity and once I was tempted to exit at 6.10 at a 25000 profit but didn't . same trading range everyday. but I also agree that sometimes this can be collected. lets all hope for the best. GL
Invest-Wise wrote:sapumal wrote:according to some info , Capital trust not allowing prices to go up. better CITK shareholders can wait for some time. until capital trust collect this share. They will collect share bellow 6
Capital Trust bought at the private placement at 10/-. Maybe they are trying to average their quantity. They have 10% or 16 million odd shares now as per June statement. March statement they had 8% or so. So they are definitely collecting from the market. NAV is now 8.61. The loans are killing CITK. If CLND goes up then they will have some gain in the share portfolio. But they cant book that. That's the problem. Well we can only wish for a run after CLND Liberty plaza development is completed. I was told that it should be completed in the next 2 months. Have to wait and see.....
Chinwi wrote:nirowat wrote:Anybody know the progress of Citrus Waskaduwa ?
Since many of our members were interested about the progress of Waskaduwa Beach Resort of Citrus (CITW - REEF ) I write few lines here.:
The site clearing and foundation excavation work started in January last year . 2012.
The construction is handled by George Stuart Engineering. Concrete is made in site in their batching and mixing plant.
Most of the superstructure (reinforce concreting ) is completed now. It has a very long and wide unpolluted nice beach front.
There are no much local beach users.
Many have sold their lands to hotels.
Boys, that hotel is much bigger than I thought. !
As per my little experience in Middle East Hotel construction, their progress in 15 months is quite satisfactory.
Interior cladding and walls in progress in Ground and 1st floors.
The area has clean and wide beach front
Location: The Citrus Waskaduwa is next to Aitken Spence "Sands" and Sands is also under expansion, building a new wing in adjoining land.
Kisi gammak ne neda?Mubin Mustafa wrote:
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