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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » What are your views on LOLC?

What are your views on LOLC?

3 posters

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1What are your views on LOLC? Empty What are your views on LOLC? Tue Mar 09, 2021 10:25 pm

shan31


Manager - Equity Analytics
Manager - Equity Analytics

I have been collecting LOLC from 300/- as that appears to be the lowest. This share went past 550/- in Jan but now having heavy resistance around 340/- level. 
I think this share worth over 500 and it s real value for money to accumulate below 350/ given this share moves in lighten speed when it starts moving up. 
what are your views?

2What are your views on LOLC? Empty Re: What are your views on LOLC? Tue Mar 09, 2021 11:48 pm

RJ1010


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

Think about this too... LOLC was below 150 for a few years until end of 2020 and suddenly moved to 500+ in one month (Jan 2021). How and why? Did some magic happen from 1st Jan to 31st Jan 2021....?
More of a jilmart if you ask me... can anyone can give solid reasons to justify a one month price increase from 150 to 500? If so are those reasons based on sustainable business growth factors to keep the price above 500 or one off wonders?

This jilmart cannot be compared with steep price increase of let’s say Expo. Expo too had a steep price increase but that was for solid reasons (covid spurred growth) and spread over several months in 2020... not a sudden pump in one month.

Let’s all contribute with their thoughts. I’m curious to read what LOLC investors are thinking.

3What are your views on LOLC? Empty Re: What are your views on LOLC? Wed Mar 10, 2021 1:22 am

madukp


Expert
Expert

Even though LOLC doesn't have any value for 500, It is one of the market mover and shaker shares.

Now even though we like it or not, there are always some ppl use to pump and dump this share. The business of LOLC group is interesting and Ishara's profit-making model is quite different. They can come up with fancy stories which may cause another rally. Even though I can't point out a solid reason to justify LOLC will move above 500, I don't deny the fact that it has "potential to " break 400 + levels again.

I don't recommend playing with this share if you are not willing to accept whatever the output it gives.

shan31, Kipling and RajapaksaDON like this post

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