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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Outstanding October!

Outstanding October!

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1Outstanding October! Empty Outstanding October! Mon Sep 28, 2020 7:35 am

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
After an amazing run in September, we're all now gearing towards an outstanding October. Cheers to our well grounded hopes of ASPI hitting 6,000 and journey towards its next thousand. Also, the fundamentally strong reports that would come out this month would further reassure us what we already know!

Kipling likes this post

2Outstanding October! Empty Re: Outstanding October! Mon Sep 28, 2020 7:42 am

Kipling


Expert
Expert
Herox 
Do you think we will hit6000 by end this month.
7000 end October too ambitious??

3Outstanding October! Empty Re: Outstanding October! Mon Sep 28, 2020 8:02 am

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
Going by the stats, assuming trading patterns remain the same  as September, we should hit 6000 by or before 7th-Oct. Historically, the ASPI reached an all time high of 7863.74 in February of 2011. We're not too far away from breaking history too my friend.
 
Outstanding October! Screen13

Kipling likes this post

4Outstanding October! Empty Re: Outstanding October! Mon Sep 28, 2020 8:10 am

Kipling


Expert
Expert
Herox
Thank You. 
Based on everything I have been reading I think ATH breaking will happen this year. Do you agree?

Miss-Sangeetha dislikes this post

5Outstanding October! Empty Re: Outstanding October! Mon Sep 28, 2020 8:18 am

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
I believe we would hit 7,000 this year and break ATH just right after. This is based on my analysis of the last two months' performance of the ASPI. If the Bull rams even harder changing the playing field even more, then I would agree with you.

Kipling likes this post

6Outstanding October! Empty Re: Outstanding October! Mon Sep 28, 2020 1:07 pm

Kipling


Expert
Expert
Herox 
We hit 6000 today. 
I am sure you have revised targets. 
Please give Target for 
1. End September 
2. End October 
3. End December 
Thanks

RJ1010 likes this post

Miss-Sangeetha dislikes this post

7Outstanding October! Empty Re: Outstanding October! Mon Sep 28, 2020 3:52 pm

samaritan


Moderator
Moderator
We can look forward to a "Novel November" too!


_________________




The biggest risk in life is not taking any risk at all.

heroxhere likes this post

Miss-Sangeetha dislikes this post

8Outstanding October! Empty Re: Outstanding October! Fri Oct 02, 2020 5:59 am

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
@Kipling wrote:Herox 
We hit 6000 today. 
I am sure you have revised targets. 
Please give Target for 
1. End September 
2. End October 
3. End December 
Thanks

Will have to see how the next few market days are and then form an opinion. I'm positive.

9Outstanding October! Empty Re: Outstanding October! Mon Oct 05, 2020 6:16 am

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
Today is when October will be put to its real test. We broke through our own records after the first wave. I believe the noise that's caused now will be something we could shrug off easily. On average, the ASPI gained approx +30 pts a day last month (Lets call it 1R). Being optimistic, I think ASPI won't even slip less than 1R. Whatever the dip, if any, we'll most certainly recover in a matter of few days.

Chithi, Kipling and judecroos like this post

10Outstanding October! Empty Re: Outstanding October! Mon Oct 05, 2020 12:53 pm

123longway


Senior Equity Analytic
Senior Equity Analytic
Often there is a lot of speculation regarding the market these days. Apparently the market has not stabilized yet.

The outcome of the 20th amendment will decide the plus or minus, until then, it will drift aimlessly.
Let us hope for the best.

Kipling and judecroos like this post

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11Outstanding October! Empty Re: Outstanding October! Mon Oct 05, 2020 10:20 pm

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
Found this well written piece by Fundalyse that's worth a read:

Did you know today was the largest single-day drop ever recorded in CSE? ⁣

While most of us were being greedy on Friday buying on margin and being very optimistic about this week, the weekend came to us with a surprise and fears. Playing Eminem's Without Me out loud, COVID19 returns with a bang and this time via community spread. Baffled and unable to find the source since tourists are extinct in Sri Lanka for now, a factory worker from a leading apparel firm from Gampaha found to be positive out of all the things she could be positive about in life.⁣

While we were trying to picture the worst-case scenario on Monday, the market delivered our deepest fears. As they say, you become what you think. ⁣

As officials are trying their best to calm the country down, the number of cases continues to rise and have spread to distant parts of the country as we write this post. We can imagine how many women and men have ended up feasting on her homemade lunch. Such images will result in a further drop in the index at this moment.⁣

The market is under a dark cloud presently being all nostalgic on the ugliest memories just a few months ago, it fears the scenario could repeat and make things worse crippling the country further. It was like yesterday that #cse was the best performing exchange for September, unfortunately, Thanos appeared and flicked his fingers and no avenger or big whale came to the rescue. This is not going to be an Outstanding October.⁣

At this point, it's hard to say where the dust will settle as the selling pressure is high by the bears and the bulls aren't having enough strength to push back. The market was reaching highs quite fast which seemed unhealthy too and contrarians were expecting a correction. This was the long due catalyst. As long as uncertainty and fear of lockdowns loom around, the market could make your portfolios bleed deeply. Sheryl Crow says the first cut is the deepest. She hasn't seen what CSE is capable of.⁣

lal62 and judecroos like this post

12Outstanding October! Empty Re: Outstanding October! Tue Oct 06, 2020 11:38 am

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
Cheers to us, Quite an exciting month we've got in store gentlemen. Hang tight.

Mithooshan likes this post

13Outstanding October! Empty Re: Outstanding October! Tue Oct 13, 2020 5:41 pm

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
Outstanding October! Ffb40110

14Outstanding October! Empty Re: Outstanding October! Tue Oct 13, 2020 5:50 pm

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
All top traded stocks today reached 52w highs!


Outstanding October! Screen15

Mithooshan likes this post

15Outstanding October! Empty Re: Outstanding October! Thu Oct 29, 2020 1:57 pm

heroxhere

heroxhere
Senior Equity Analytic
Senior Equity Analytic
What a Roller Coaster ride it was! October is definitely a month we'll all remember regardless of whether it was Outstanding or not.

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