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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Maintaining Momentum at the CSE

Maintaining Momentum at the CSE

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21Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Mon Mar 15, 2021 11:33 pm

AmateurTrader001


Equity Analytic
Equity Analytic
@ADVENTUS wrote:
@madukp wrote:There is uncontrollable selling, see the push back happen today @11.02-11.05, the reason of the whole market to the downturn. These are manipulations, And there was no buying from big players. which makes the market go down with small turnovers. I think retailers better be patient. Investors, other than don't have to be worry.
 I was just thinking is it because today is the last day of broker credit settlement?
every day is a last day. I have a very small credit with my broker -(I havent even used up my credit- used only around 40%) and they sent me a message in the evening to settle IMMEDIATELY. Thank god I have some cash in hand with me, what about those that don't? at the rate, if I had to sell it would have to be at a hefty loss. What the hell is going on I dont understand.. I tried to have a conversation about this with my broker but he isn't available. Honestly this is just crazy. Red days in rows again I guess.

madukp and RJ1010 like this post

22Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Tue Mar 16, 2021 12:53 am

madukp


Expert
Expert
@ADVENTUS wrote:
@madukp wrote:There is uncontrollable selling, see the push back happen today @11.02-11.05, the reason of the whole market to the downturn. These are manipulations, And there was no buying from big players. which makes the market go down with small turnovers. I think retailers better be patient. Investors, other than don't have to be worry.
 I was just thinking is it because today is the last day of broker credit settlement?

Not sure that today is the day? however, when we see closely, CSE has few down days and a couple of up days. mostly Monday is a red ay, god knows why! Still, we can keep the hopes of 7000 support, which act as a very strong support level. Hopefully, the downtrend may reverse soon when this play is over.

23Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Tue Mar 16, 2021 6:28 am

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi all,

CSE is now experiencing a different easing off period after it recording a massive sell off due to following factors.

1. Many believe the fact that China would not extend USD 1.5Bn funding which happened last Friday
2. UNHRC negative impact which is highly unlikely where everyone can know by last week of March 
3. Controversial SEC directive pinching the market to fall back on top of above.

The above factors pushed everyone to a sidelines sentiment where many new investors would have already sold at a loss or some may be holding on to investments. However, it is worth to note that item no 1 & 3 are already solved. However, we are experiencing following in CSE now.

Types of investor sentiments in CSE now?

Feeling Risky - Many retail investors whom have burnt finger believe the fact that it's bit risky to invest.

Feeling worried - Many who have not realized any loss are holding on to the investments knowing a possible reversal which many have experienced during COVID-19 pandemic which apparently bounced back.

Feeling positive but bargain lovers - Investors whom made profits are safely keeping money expecting to buy at low prices. Mostly these are HNWI and institutions. 

In the current context, the market turned negative reducing by 2,000 points from the peak and now easing off with relatively low turnover. The drop is more than 20% in ASPI. The market PE is well below 12X multiples. 

Therefore, considering the above facts, ASPI is OVERSOLD if compared with Frontier and PEER markets. Currently the people selling in CSE similar to a selling of a PROPERTY OWNED at COLOMBO 7 @ 20% DISCOUNTED VALUE. Will you sell your COLOMBO 7 property if someone buy on bargain?

Good Luck

lal62, madukp, judecroos and Venu123 like this post

24Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Tue Mar 16, 2021 7:03 am

judecroos


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@God Father wrote:CSE Chairman should not be a from a Stock Brokering company.
Conflict of interest.
One of the main reasons for CSE downturn.
100% agree with you. We can't trust these people. Smile Smile Smile No one investigated till the moment about how this crash happened and will not investigated bcos this is planed.

ChooBoy and agentnrox like this post

25Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Tue Mar 16, 2021 12:52 pm

sheildskye


Manager - Equity Analytics
Manager - Equity Analytics
One question: Where is the momentum? 

Answer: NOWHERE, NOT A SINGLE STRAIGHT UP OPPERTUNITY FOR ANYONE OTHER THAN ALLIES OF NELUM MAWATHA.

But not all hope is lost, let us not forget the strong counters that gather upward trajectory no matter how bad times can get.

agentnrox likes this post

26Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Tue Mar 16, 2021 12:54 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics
"The stock market not a casino," "They are highly regulated and they're highly overseen. We are running a market that provides opportunities for investors to come in, invest in the companies they believe in, they believe that are gonna grow, and then share in that wealth creation."

ADVENTUS likes this post

27Maintaining Momentum at the CSE - Page 2 Empty Re: Maintaining Momentum at the CSE Tue Mar 16, 2021 4:42 pm

sheildskye

sheildskye
Manager - Equity Analytics
Manager - Equity Analytics
The problem is only few people are collecting at any given time. Most people are panicking.

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