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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Bloody Red days ahead

Bloody Red days ahead

+3
David VKMS
RJ1010
rajini
7 posters

Go down  Message [Page 1 of 1]

1Bloody Red days ahead Empty Bloody Red days ahead Tue Feb 16, 2021 12:11 pm

rajini


Equity Analytic
Equity Analytic
Most of the high networth individuals cashed shares at the end of January.

After ANC's forcast for ASI's short term target they want to buy back shares.

Brokers will ask you to settle the credit
Brokers will show you the how severe the covid is
NP will tell you , how dangeourus to buy or hold shares
NP will tell you , cse must need funds in Jupiter to prevent going into bear market
News articles will tell you, Sri Lankan economy is going to hell

But keep your nerves

cseguide, nigma, samaritan, Chithi, Kipling, madukp, ADVENTUS and like this post

2Bloody Red days ahead Empty Re: Bloody Red days ahead Tue Feb 16, 2021 12:41 pm

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
100% agreed...
Big players are not in the market now... they are waiting to buy from bottom again before lifting up the market. I feel this circus will continue this month before picking up towards Mar.
apata balan inna thamai thiyenne

cseguide, samaritan, Kipling, judecroos, Sunimal and topgun86 like this post

3Bloody Red days ahead Empty Re: Bloody Red days ahead Tue Feb 16, 2021 1:20 pm

David VKMS


Senior Equity Analytic
Senior Equity Analytic
@RJ1010 wrote:100% agreed...
Big players are not in the market now... they are waiting to buy from bottom again before lifting up the market. I feel this circus will continue this month before picking up towards Mar.
apata balan inna thamai thiyenne

According to the market sources there is a meeting today between market stakeholders and regulator. Any smart retailer will buy today rather than be a follower tomorrow.

agentnrox, judecroos, bizniz and stockchaser like this post

4Bloody Red days ahead Empty Re: Bloody Red days ahead Tue Feb 16, 2021 2:28 pm

Equityinvestor


Manager - Equity Analytics
Manager - Equity Analytics
@RJ1010 wrote:100% agreed...
Big players are not in the market now... they are waiting to buy from bottom again before lifting up the market. I feel this circus will continue this month before picking up towards Mar.
apata balan inna thamai thiyenne

Then in March these people will start saying "UNHCR" and scare people. You know when the broker clan starts scaring our donkeys just sell.

5Bloody Red days ahead Empty Re: Bloody Red days ahead Tue Feb 16, 2021 2:48 pm

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I think all these events will shape up a smarter investor community in near future
1. Lot of investors experienced the PENNY RALLY last Oct. Some profited and some got stuck at the top. They will be aware not to get caught at the top again.
2. Rumours, fake news, fake promotions and valuations, super ‘news’ which are 5yrs in the making etc etc.... has been flooded in recent months. Smart investors will learn how to navigate through this. Even a donkey will eventually find a way to feed himself without starving to death.
3. Buying credit... needless to say over the past few days people who buy on credit and don’t settle on time would have learnt a bitter lesson. They will never repeat the mistake.
4. Fake buy/sell orders which push prices up/down creating artificial buying/selling demand psychosis in investors. This is a old game. Experienced investors don’t fall for it but new investors can’t identify how this works. Best to buy at the bottom if valuations support. Never believe ‘this is the last chance to buy’. There’s always a good time to buy shares... just need to be patient and wait for the most opportune time.
5. Investors will learn to keep some cash available in their portfolio. When market comes down like these days utilize those funds to buy smartly.
6. New investors experienced ‘splits’. Initially everyone ran behind them. Now they have learnt a split shouldn’t be something to follow and buy at the top. Price always comes down and settles at its rightful place.

There are so many learnings new investors will learn about investing. It will build a better market.

Kipling, agentnrox, xhunter, ADVENTUS, Nandun, geesura, Mr. X and stockie like this post

6Bloody Red days ahead Empty Re: Bloody Red days ahead Tue Feb 16, 2021 3:16 pm

KingKong


Equity Analytic
Equity Analytic
@rajini wrote:Most of the high networth individuals cashed shares at the end of January.

After ANC's forcast for ASI's short term target they want to buy back shares.

Brokers will ask you to settle the credit
Brokers will show you the how severe the covid is
NP will tell you , how dangeourus to buy or hold shares
NP will tell you , cse must need funds in Jupiter to prevent going into bear market
News articles will tell you, Sri Lankan economy is going to hell

But keep your nerves

Don't know about the rest but the last point is no secret to anybody.

7Bloody Red days ahead Empty Re: Bloody Red days ahead Thu Feb 18, 2021 6:25 am

StringTheory


Stock Trader
I don't agree. The market would not go down much, but the rupee will. When rupee goes down more money will come into the market, pushing the market up.

The real question is how fast it should go up compared to the rupee depreciation. Finally most of the CSE investors will become losers with profits

8Bloody Red days ahead Empty Re: Bloody Red days ahead Thu Feb 18, 2021 8:59 am

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@StringTheory wrote:I don't agree. The market would not go down much, but the rupee will. When rupee goes down more money will come into the market, pushing the market up.

The real question is how fast it should go up compared to the rupee depreciation. Finally most of the CSE investors will become losers with profits

“Losers with profits”?..... either you meant winners with profits or losers with losses 😊

Anyhow there are more factors at play than rupee depreciation. Rupee depreciation is something which will not stop. Throughout history trend is such. It will only hold at a certain level for a while when cbsl controls it.

When rupee depreciates....
1. It’s good for export related companies and it’s bad for import related companies including manufacturing companies which import manufacturing material.
2. Cost of Imported goods in the country go up. If locally manufactured goods can’t meet the populations demand then prices go up and contribute to inflation
3. If rupee depreciates and global oil prices stay stable the price of fuel goes up locally and contributes to higher inflation
4. When rupee devalues and inflation goes up as mentioned in above reasons then people’s buying power drops and investments drop.
5. Foreigners get discouraged when rupee devalues because when they try to take profits or dividends out they get a lower return in exchange rates. So foreigners will also hesitate to invest.

Those are few points at a high level which happens when rupee depreciates.
For foreigners to invest rupee has to be stable
For locals to invest the bank interest rates have to be low. If bank FD rates are in double digits most people will keep their money in safe long term fixed deposits.

The economic impact due to rupee devaluation cannot be explained in a tiny post but long story short... if rupee devalues the money coming into CSE will dry up. It will not go up as you mentioned. That’s why GOSL is trying hard to keep rupee stable, restrict imports, increase exports, boost local production, keep inflation down, keep interest rates down. This enables people people to have money in their hands which can be put for investments. The big question is for how long can they sustain it until the economy becomes stronger so that they can ease import restrictions and let interest rates go a little higher.

judecroos, Mr. X and Mr. Wayne like this post

9Bloody Red days ahead Empty Re: Bloody Red days ahead Thu Feb 18, 2021 10:48 am

rajini


Equity Analytic
Equity Analytic
“Losers with profits”
I think he mean the asset quality. This could happen when the depreciation % is greater than the profit %

MaJa likes this post

10Bloody Red days ahead Empty Re: Bloody Red days ahead Thu Feb 18, 2021 12:54 pm

madukp


Expert
Expert
ASPI may go up and down, but the overall market will heading towards 9000, 10000 gradually.
Some of the counters that appeared to be overpriced will consider as undervalued when it happens.

Kipling, Kanishka_2020 and Game Changer like this post

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