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Re: Reason for todays drop Wed Feb 03, 2021 2:06 am
@Jana wrote:@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea.
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
it is not a rumor, SEC issue a circular to reduce the credit and they want to go every credit traders with a margin trading
Re: Reason for todays drop Wed Feb 03, 2021 6:29 am
@KingMaker2020 wrote:@xhunter wrote:Definitely you deserve an answer, i don't have the answer. but i have a question , why didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea.
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
probably the answer for your question might be there in the question I asked.
one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS
today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?
What are you implicating?
Re: Reason for todays drop Wed Feb 03, 2021 7:10 am
There are two main reasons for the market to drop, first and foremost uncontrolled splits bombed the market, secondly the infamous letter with regard to credit, specifying specific counters, this had investors scrambling to sell their stock to get into splits and/or to get out of the credit trap@desmond wrote:@KingMaker2020 wrote:@xhunter wrote:Definitely you deserve an answer, i don't have the answer. but i have a question , why didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea.
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
probably the answer for your question might be there in the question I asked.
one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS
today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?
What are you implicating?
I too was very confused by this reply
Re: Reason for todays drop Wed Feb 03, 2021 7:58 am Re: Reason for todays drop Wed Feb 03, 2021 8:20 am
Reason for todays drop Wed Feb 03, 2021 8:55 am@Dilip wrote:There are two main reasons for the market to drop, first and foremost uncontrolled splits bombed the market, secondly the infamous letter with regard to credit, specifying specific counters, this had investors scrambling to sell their stock to get into splits and/or to get out of the credit trap@desmond wrote:@KingMaker2020 wrote:@xhunter wrote:Definitely you deserve an answer, i don't have the answer. but i have a question , why didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea.
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
probably the answer for your question might be there in the question I asked.
one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS
today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?
What are you implicating?
I too was very confused by this reply
Re: Reason for todays drop Wed Feb 03, 2021 9:35 am
exactly, those share split (actually its a manipulation) creates unstable situation in the market. but within 1-2 more weeks it could have become stable. but suddenly this "credit issue" came and touch the unstable market.@Dilip wrote:There are two main reasons for the market to drop, first and foremost uncontrolled splits bombed the market, secondly the infamous letter with regard to credit, specifying specific counters, this had investors scrambling to sell their stock to get into splits and/or to get out of the credit trap@desmond wrote:@KingMaker2020 wrote:@xhunter wrote:Definitely you deserve an answer, i don't have the answer. but i have a question , why didn't I see any question in the forum ask that "how on earth share split announcement make share price increase like a rocket".@desmond wrote:Guys I'm not exactly sure why the market dropped today. Does anyone have any idea.
I heard a rumour about a credit issue.
Could someone please let me know if it is true or not
probably the answer for your question might be there in the question I asked.
one ex:
https://www.cse.lk/pages/general-announcements/general-announcements.component.html?id=8369&type=DEALINGS%20BY%20DIRECTORS
today RCL traded at around 310 just before the second halt. so you think it is because of credit issue?
What are you implicating?
I too was very confused by this reply
samaritan, Kipling and stockie like this post
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