Consolidation at 5000 and support at 4800

@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)

I think THASSIM know this corona case even last Friday

@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.

@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.

@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.

@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.

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

@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.

@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.

@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.

@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

@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.

@Teller wrote: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 .:joy:

@Teller wrote: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 .

@Teller wrote: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 .

@madukp wrote:

@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

@SUSPENS wrote:

@madukp wrote:

@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

This post will be deleted withing few days....