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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Reason for todays drop

Reason for todays drop

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21Reason for todays drop - Page 2 Empty Re: Reason for todays drop Wed Feb 03, 2021 2:06 am

dayandacool


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@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

@JanaGreat to see u here Very Happy Wink

22Reason for todays drop - Page 2 Empty Re: Reason for todays drop Wed Feb 03, 2021 6:29 am

desmond


Stock Analytic
Stock Analytic
@KingMaker2020 wrote:
@xhunter 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
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".
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 Laughing Laughing

23Reason for todays drop - Page 2 Empty Re: Reason for todays drop Wed Feb 03, 2021 7:10 am

Dilip


Equity Analytic
Equity Analytic
@desmond wrote:
@KingMaker2020 wrote:
@xhunter 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
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".
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 Laughing Laughing
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

24Reason for todays drop - Page 2 Empty Re: Reason for todays drop Wed Feb 03, 2021 7:58 am

Real_Investor


Equity Analytic
Equity Analytic
Most of the split stocks were strong even at 5% drop. Some of those were green.

25Reason for todays drop - Page 2 Empty Re: Reason for todays drop Wed Feb 03, 2021 8:20 am

noels


Equity Analytic
Equity Analytic
Bearish engulfing was formed three days back and now already in three black crows on the cse all daily chart.
But the good news is the prices have been increased at the last half an huor.

26Reason for todays drop - Page 2 Empty Reason for todays drop Wed Feb 03, 2021 8:55 am

Mr. Wayne


Stock Analytic
Stock Analytic
@Dilip wrote:
@desmond wrote:
@KingMaker2020 wrote:
@xhunter 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
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".
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 Laughing Laughing
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




lol!

27Reason for todays drop - Page 2 Empty Re: Reason for todays drop Wed Feb 03, 2021 9:35 am

xhunter

xhunter
Moderator
Moderator
@Dilip wrote:
@desmond wrote:
@KingMaker2020 wrote:
@xhunter 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
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".
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 Laughing Laughing
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
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.  
so one reason alone can not make this kind of impact.

samaritan, Kipling and stockie like this post

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