Consolidation at 5000 and support at 4800

ErangaDS · 21 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 7:34 am

ErangaDS

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@Mithooshan wrote:

@THASSIM wrote:Last week I predicted the ASI to dip to 5,600. I know believe the index will dip further to 5,000 and support at 4,800. I don't want to comment on the severity of this wave but believe it will be curtailed but the impact on the market will be significant. I expect at least another market halts this week and it could be as soon as tomorrow. As investors, be prepared to buy the dip and if your running loses be patient as the market will correct itself gradually on it's journey towards a ASI 7000.

There is no way you could have *known* a dip where market fell to 5600 on a single day. For that, similar to doctor strange you should have seen the future. You could have predicted a drop but that too was a poor prediction.

ASPI fell due to covid and on the day you have shared this message no news about covid. If there was no Covid there could have been a correction but no way market would fall to 5600 levels.

You were just *lucky* or knew about Corona before it was published. If you were just lucky it’s okay but if you knew about Covid second wave beforehand then, I don’t know ! 🤭

You remind me of Srilankan Astrologers ! (not everyone but you know what i mean)

Champ888 · 22 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 9:07 am

I think THASSIM know this corona case even last Friday

THASSIM · 23 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 9:26 am

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Guys

I was just lucky to have liquidated since I have my exams around the corner and liquidated so I could focus. However the risk of a second wave was imminent and it was a major risk factor alongside Ruppe depreciation, GovSL debt and fiscal consolidation worries etc.

I am not telling I foresaw this but the risk was always present. I exited due to RSI being high and foresaw a market correction but things escalated when fear induced selling took place.

I am not telling to sell your stock but telling to consider buying the dip since opportunities like these are rare!

Teller · 24 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 12:08 pm

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Buying at current price means , you will loose lot opportunities . This will come down 4800-4900 . This is the common answer i can give you those who asked from me.

xhunter · 25 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 12:12 pm

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@Teller wrote:Buying at current price means , you will loose lot opportunities . This will come down 4800-4900 . This is the common answer i can give you those who asked from me.

same person who told "wait", market will go down after 12th May (reopen) and same person who specifically said JKH will go down and touch 85 when it was 106/=

paid worker for giant collectors.

KavinduTM · 26 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 12:22 pm

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My opinion is we must grab these opportunities as this downfall is just a mentality and sooner it will adjust to its previous levels. Collectors will be happy.

THASSIM · 27 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 1:24 pm

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I agree with teller. We are only sharing our views the index will drop to 4800 -4900.

If you think it isn't - hold your stocks.

If you agree, get ready to collect at market bottom.

Let's try to agree / disagree with logic rather than speculation & emotions. We could be wrong too and the index could shoot up-to 6000 again but my analysis of situation as of now is that 4800-4900 is wear support will tested given the current wave will be the most complex to curtail and we all know the consequences of curfews on the economy & thereby the capital market.

samaritan · 28 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 1:35 pm

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@THASSIM wrote:I agree with teller. We are only sharing our views the index will drop to 4800 -4900.

If you think it isn't - hold your stocks.

If you agree, get ready to collect at market bottom.

Let's try to agree / disagree with logic rather than speculation & emotions. We could be wrong too and the index could shoot up-to 6000 again but my analysis of situation as of now is that 4800-4900 is wear support will tested given the current wave will be the most complex to curtail and we all know the consequences of curfews on the economy & thereby the capital market.

This is utter bullshit with an hidden agenda in order to create panic once again. Suggest you could buy what you sold at current price levels as the ASI wave is on the rise.

KavinduTM · 29 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 1:44 pm

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@THASSIM wrote:I agree with teller. We are only sharing our views the index will drop to 4800 -4900.

If you think it isn't - hold your stocks.

If you agree, get ready to collect at market bottom.

Let's try to agree / disagree with logic rather than speculation & emotions. We could be wrong too and the index could shoot up-to 6000 again but my analysis of situation as of now is that 4800-4900 is wear support will tested given the current wave will be the most complex to curtail and we all know the consequences of curfews on the economy & thereby the capital market.

Yeah i agree that we should make our investment decisions on logics rather than emotions. But what is the logic behind this downfall? No logics just stupid panic selling and negative mentality.

I decided to hold and collect more on thinking logically, Not on greedy and selfish emotions like some negative minds here.

THASSIM · 30 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 5:24 pm

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I ignore samiratan since he doesn't understand the Dynamics of a market. I've read his comments elsewhere and he speaks rubbish frequently.

Kavindu,

What's the logic behind my claim?

1. This wave will be the most wide spread and difficult to control which will result in island wide curfews. You will know the concequences of a curfew on a market. Investors priorities change as they divest from 'Risk Assets'

2. Don't expect further Foreign inflows. SL's Foreign Currency of $7b will exhaust in the next 12 months due to settlements of outstanding capital / Interest. Without refinancing SL is in imminent danger.

I'm a financial analyst and this is what we do for a living. I've been right so far in all my posts (check it up) and it's your call to buy / sell / hold. However I understand, there is a possibility of me being wrong but it's very remote.

Kipling · 31 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 5:28 pm

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I recall same thing was said about GR ending Tamil Tiger Terror. Do not feel bad one law on the way. All this MMA Burka Sharia Halal tata FOREVER

samaritan · 32 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 5:40 pm

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@THASSIM wrote:I ignore samiratan since he doesn't understand the Dynamics of a market. I've read his comments elsewhere and he speaks rubbish frequently.

Kavindu,

What's the logic behind my claim?

1. This wave will be the most wide spread and difficult to control which will result in island wide curfews. You will know the concequences of a curfew on a market. Investors priorities change as they divest from 'Risk Assets'

2. Don't expect further Foreign inflows. SL's Foreign Currency of $7b will exhaust in the next 12 months due to settlements of outstanding capital / Interest. Without refinancing SL is in imminent danger.

I'm a financial analyst and this is what we do for a living. I've been right so far in all my posts (check it up) and it's your call to buy / sell / hold. However I understand, there is a possibility of me being wrong but it's very remote.

You seem to understand Dynamics of market with your three quarter brains i suppose.
How are countries like India., Pakistan and Bangladesh with such massive population coping with covid???
Answer to this you clueless nut!

Don't pass personal slanders. Everyone in this forum have a right to express his or her opinion ok.

Last edited by samaritan on Wed Oct 07, 2020 5:43 pm; edited 1 time in total

xhunter · 33 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 5:41 pm

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@THASSIM wrote:
I'm a financial analyst and this is what we do for a living.

I thought you are a astrologer. If you are a financial analyst god should help to the firm or people you serve.

but i like that you are honest about one thing. "This is what you do for living"
This = mislead others.

read you own post carefully, what you think "logical" is 100% emotional. so your base is "this can not be controlled, country level lockdown will be imposed". that is something came into your mind somehow and it populates lot of emotions.

samaritan · 34 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 5:51 pm

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@xhunter wrote:

@THASSIM wrote:
I'm a financial analyst and this is what we do for a living.

I thought you are a astrologer. If you are a financial analyst god should help to the firm or people you serve.

but i like that you are honest about one thing. "This is what you do for living"
This = mislead others.

read you own post carefully, what you think "logical" is 100% emotional. so your base is "this can not be controlled, country level lockdown will be imposed". that is something came into your mind somehow and it populates lot of emotions.

I have read this guy Thassim's posts elsewhere also. The guy must be a half baked self proclaimed Financial Analyst. Consolidation at 5000 and support at 4800 - Page 2 Icon_lol

One thing i know for sure is the guy extracts news from petty news web sites and
posts bullshit!
The whole forum should ignore this guy who has weathered clay in his head. I don't show off like this petty guy. A true highly qualified professional will not show off.

Mithooshan · 35 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 6:31 pm

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@samaritan wrote:

@xhunter wrote:

@THASSIM wrote:
I'm a financial analyst and this is what we do for a living.

I thought you are a astrologer. If you are a financial analyst god should help to the firm or people you serve.

but i like that you are honest about one thing. "This is what you do for living"
This = mislead others.

read you own post carefully, what you think "logical" is 100% emotional. so your base is "this can not be controlled, country level lockdown will be imposed". that is something came into your mind somehow and it populates lot of emotions.

I have read this guy Thassim's posts elsewhere also. The guy must be a half baked self proclaimed Financial Analyst.
One thing i know for sure is the guy extracts news from petty news web sites and
posts bullshit!
The whole forum should ignore this guy who has weathered clay in his head. I don't show off like this petty guy. A true highly qualified professional will not show off.

@Thassim, Brother i was working for two big conglomerates as a Financial Analyst. So don’t show off ! This is about logics. Not your profession.

@Samaritan - I really enjoy reading your posts and funny comments .

THASSIM · 36 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 7:10 pm

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Regarding me an analyst was stated not because I want to show off but to let you know i'm not making statements off thin air. We will revisit this topic in 2 week and let time decide who was right / wrong. Till then adios!

samaritan · 37 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 8:00 pm

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Stock markets are futuristic in nature. There are 'n' number of variables that affect a stock market. Unforeseeable events can never be accommodated in any technical or fundamental analysis.

shihan 93 · 38 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 10:24 pm

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@samaritan wrote:Stock markets are futuristic in nature. There are 'n' number of variables that affect a stock market. Unforeseeable events can never be accommodated in any technical or fundamental analysis.

For this stress testing is used, Using historical data , futures possible result according to situation is calculated.

Inthikahb M Wazeer · 39 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 10:50 pm

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Logic, fundamental....all only on paper.
You cannot evaluate the human sentiments and will power.
The people are now fed up of this covid-19 fear and they start to live normal. Do this will not go below 5200 as local market is positive as bank interest rates are low and this is a feasible investment

samansilva · 40 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 11:29 pm

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@Inthikahb M Wazeer wrote:Logic, fundamental....all only on paper.
You cannot evaluate the human sentiments and will power.
The people are now fed up of this covid-19 fear and they start to live normal. Do this will not go below 5200 as local market is positive as bank interest rates are low and this is a feasible investment

yes of course corona is well experience to sri lankans..

madukp · 41 Re: Consolidation at 5000 and support at 4800 Thu Oct 08, 2020 1:37 am

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@Teller wrote:Buying at current price means , you will loose lot opportunities . This will come down 4800-4900 . This is the common answer i can give you those who asked from me.

working with hidden agenda as always lol!

madukp · 42 Re: Consolidation at 5000 and support at 4800 Thu Oct 08, 2020 1:43 am

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There are some people still dreaming to collect shares at the price which was traded on 12th May. They better realize there is no logic for the current downfall at all, and whoever fools, traders, game players, so call HNWIs trying to collect at bargain prices still no logic to fall market consistently. This artificial downtrend due to artificial selling + panic selling. All the fundamental shares are still at half price. Some have dreamt to collect JKH @ 80's still whining here Very Happy

SANJAYANM · 43 Re: Consolidation at 5000 and support at 4800 Thu Oct 08, 2020 1:46 am

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IT'S SO SIMPLE.
PEOPLE WHO HAVE MONEY WHICH WERE NOT INVESTED ARE WAITING FOR THE DOWN FALL OF THE
MARKET.SO WAIT UNTIL 4800 AND START TO INVEST MONEY.

Teller · 44 Re: Consolidation at 5000 and support at 4800 Thu Oct 08, 2020 4:12 am

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I work based on statistics some times calculus plus mathematics . I believe my self and no one need to follow me . simply Profit or loss bear by you as investors .

Kipling · 45 Re: Consolidation at 5000 and support at 4800 Thu Oct 08, 2020 5:27 am

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Consolidation at 5000 and support at 4800

21 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 7:34 am

ErangaDS

22 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 9:07 am

Champ888

I think THASSIM know this corona case even last Friday

23 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 9:26 am

THASSIM

24 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 12:08 pm

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25 Re: Consolidation at 5000 and support at 4800 Wed Oct 07, 2020 12:12 pm

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