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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Consolidation at 5000 and support at 4800

Consolidation at 5000 and support at 4800

+25
dayandacool
Invest-Wise
Promoney
SUSPENS
SANJAYANM
madukp
samansilva
Inthikahb M Wazeer
shihan 93
KavinduTM
xhunter
Teller
ErangaDS
INDY 500
anges
gayan1987
Mithooshan
hiransilva23
Eranga87
Bakka1988
Kipling
Champ888
RJ1010
samaritan
THASSIM
29 posters

Go to page : Previous  1, 2, 3

Go down  Message [Page 3 of 3]

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Consolidation at 5000 and support at 4800 - Page 3 Scree188

samaritan likes this post

Invest-Wise


Manager - Equity Analytics
Manager - Equity Analytics

Covid is part and parcel of life. We were blessed not to have social spread for 6 months. Well at some point its going to happen just like in any country. We are mot immune to it. Initial shock of 1,000 is now absorbed by the market. Now we will have smaller numbers popping up and it will go on till we find vaccine (hopefully end of December and by mid 2021 most will get it) and life will go on. SInce this is new to SL we as always react by panicking. India/USA stock markets are rallying since with the highest covid cases and deaths! SO don't panic just use this as opportunity to buy low and hold and things will be back to normal soon. That's the new normal!

Invest-Wise


Manager - Equity Analytics
Manager - Equity Analytics

Covid is part and parcel of life. We were blessed not to have social spread for 6 months. Well at some point its going to happen just like in any country. We are mot immune to it. Initial shock of 1,000 is now absorbed by the market. Now we will have smaller numbers popping up and it will go on till we find vaccine (hopefully end of December and by mid 2021 most will get it) and life will go on. SInce this is new to SL we as always react by panicking. India/USA stock markets are rallying since with the highest covid cases and deaths! SO don't panic just use this as opportunity to buy low and hold and things will be back to normal soon. That's the new normal!

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

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,

I think you got the answer which i would say by @xhunter

Maybe you were lucky to liquidate your portfolio on Friday but you weren't lucky enough to grab the chance of the panic selling. Instead of that you tried to spread more negativity and panic innocent people.

Nice try but people aren't that stupid nowadays. We got a bunch of smart boys here.



Last edited by KavinduTM on Thu Oct 08, 2020 1:22 pm; edited 1 time in total (Reason for editing : Spelling Mistake)

samaritan, ErangaDS, xhunter, RJ1010, Champ888 and SANJAYANM like this post

madukp


Expert
Expert

Wonder what happened to so call technical analysis experts working with calculus to predict market downfall to 4800 and JKH to 80 Very Happy

Champ888


Manager - Equity Analytics
Manager - Equity Analytics

Laughing Laughing Laughing Laughing Laughing Laughing Laughing

dayandacool

dayandacool
Moderator
Moderator

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

POSSIBILITY OF YOU BEING WRONG IS NOT REMOTE. IT IS  OBVIOUS!!!! 

You are not an Analyst, you tried a dirty guess expecting larger Covid numbers and the market to react to it. That's not called Analysis.

Champ888


Manager - Equity Analytics
Manager - Equity Analytics

Yes. If he had done some analysis, irrespctive of covid situation today too this market should go down. But market went like a rocket.

dayandacool

dayandacool
Moderator
Moderator

Champ888 wrote:Yes. If he had done some analysis, irrespctive of covid situation today too this market should go down. But market went like a rocket.

5400 was the support. It in fact touched 5400. Next Resistance might come at 5800 but hoping it to bounce back up from there provided no drastic increment in Covid numbers.Consolidation at 5000 and support at 4800 - Page 3 Asi_210

KavinduTM and judecroos like this post

THASSIM


Manager - Equity Analytics
Manager - Equity Analytics

Well I am going to ignore this thread and return in a couple of weeks and have a look at our little bulls sentiments.

samaritan dislikes this post

Kipling


Expert
Expert

Former Army Commander says Baludeen brother helped Zaharan to flee to India. You must rally all moors & bora & ensure that Wahhabism does not pollute this sacred land of Sinhala Buddhism.

ADVENTUS dislikes this post

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Next few weeks ASI could reach 6000 again Basketball

THASSIM


Manager - Equity Analytics
Manager - Equity Analytics

Guys, tighten your seat belts. The journey has begun. The wise who have uninvested cash, there will be a shopping spree soon. The pandithaya's, burn through your investment.

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Machan, stop coming to the forum after everything is over. Your intention is to panic the investors. If you knew this would happen today and informed before hand to help others you have my gratitude.

Above is just cheap.

Junior investor and geesura like this post

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

When I tried to educate the investors about the downturn I was rediculed by few
Members. As a result I kept silent. I will continue to remain silent.

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics

Increasing Covid 19 positive cases, Deteriorating real economy & Increasing lockdown districts are good signs for the knowledgeable and experienced investor to enter the market.  Very Happy Very Happy Very Happy Very Happy Very Happy Razz

xhunter

xhunter
Moderator
Moderator

Quibit wrote:When I tried to educate the investors about the downturn I was rediculed by few
Members. As a result I kept silent. I will continue to remain silent.
Last time market drop was due to panic selling triggered by an event. it was so obvious that market will recover.
that's why some members (including me) tried hard to stop getting caught inexperience traders to your ridiculers attempt.

But this time , it is not just a event. it is something  slowly developed, daily turnover reached to 5bn and slowly drop to 4bn then 3bn and then 2.5bn.

This time floor is yours, you may express your valuable opinion.



Last edited by xhunter on Wed Oct 21, 2020 3:38 pm; edited 1 time in total

nish84


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Tomorrow there is a possibility of moving up by 100 point.

dayandacool

dayandacool
Moderator
Moderator

THASSIM wrote:Guys, tighten your seat belts. The journey has begun. The wise who have uninvested cash, there will be a shopping spree soon. The pandithaya's, burn through your investment.
@THASSIM,

Once again, it's panic selling due to covid. However a correction was due and it has to happen. But your numbers are highly overated. This retracement is short lived and will recover. But I agree it will take some time. for it to reach your magical number 4800 it should continuously fall for 4 more days with the same intensity. I have to agree with you if that happens!!!

Zahara khan dislikes this post

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

better sell if you cant hold ....dont buy rubbish ...buy good shares with good fundamentals ....stay safe ..stay indoors

samaritan


Moderator
Moderator

anges wrote:better sell if you cant hold ....dont buy rubbish ...buy good shares with good fundamentals ....stay safe ..stay indoors
Sometimes you are more vulnerable to be bitten by dengue mosquito if you stay indoors. Better get onboard a boat and be at sea, that's the best i suppose.Consolidation at 5000 and support at 4800 - Page 3 Icon_lol

dayandacool

dayandacool
Moderator
Moderator

@THASSIM

Even though our good friend THASSIM or his Magical number 4800 is nowhere to be found at the moment, I will post this. 

Today is a very important day. Break above the short term trend line marks more territory for Bulls.

Consolidation at 5000 and support at 4800 - Page 3 Asi_sh10

RJ1010 likes this post

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