What is wrong with RICH???

Dear experts,
As u all predicted RICH should be in upward movment, but it is coming down even they reported huge profit.
What is wrong with RICH??
Any comment ????? pls

Thank u in advance

KPMG wrote:Dear experts,
As u all predicted RICH should be in upward movment, but it is coming down even they reported huge profit.
What is wrong with RICH??
Any comment ????? pls

Thank u in advance

RICH had a good run up to Rs16. Now it can come down a bit to consolidate before next run. Never know what will happend if big investers enter through. Keep watching

Looks like the stock is artificially pushed down for big players to collect. If you are a long term investor and have the holding power, you dont have to worry about these price fluctuations.

well said friends, also the other issue was there more shares in the hand of small players as well, so when big parties put the buy order at lesser prices these people may get panic and used to sell

Nothing is wrong with RICH.
There is a saying on the markets: Buy on rumour, sell on fact. Some 'short term investors' who bought in anticipation of good results have made their money. Now that the results are out and the suspense is over, they are booking their profits.
Rest assured that the shares are moving from short term speculators' hands to long term investors' hands.

Nothing is wrong with Rich.

It went to Rs16 from Rs 10 within a very short period of time. Gosh what else we can expect from a market...!!!!!!!!!!!! That means 60% appreciation

If this is not enough for a 2/3 months investment then thats called greediness

This is always the case with every share listed ..most often than not the results have already beeb leaked way before the officail announcement. since it was on an upward journey time for it to consolidate....Excellent share for the long haul

$$$ wrote:This is always the case with every share listed ..most often than not the results have already beeb leaked way before the officail announcement. since it was on an upward journey time for it to consolidate....Excellent share for the long haul

Sorry but this is not always the case. It depends on the expectations of the market IMO. I bought HOPL after the report at Rs 50. Now its rs 89 after few weeks and everyday after the report came out it went up by huge margins that they had to put the price band as well.

Rajitha wrote:

$$$ wrote:This is always the case with every share listed ..most often than not the results have already beeb leaked way before the officail announcement. since it was on an upward journey time for it to consolidate....Excellent share for the long haul

Sorry but this is not always the case. It depends on the expectations of the market IMO. I bought HOPL after the report at Rs 50. Now its rs 89 after few weeks and everyday after the report came out it went up by huge margins that they had to put the price band as well.

that's because HOPL is dingy share while RICH is a blue chip. People don't snoop around for results from places like HOPL, ONAL or CARE. i remember buying HOPL right after the report and selling it for 68 as well.

Rajitha,


I ave also said most often than not..... yes it will also adjust according to Market perception but eg: expecting PCH to do One billion and when results came out it went down. Most shares however begin there up ward journey way before results are out and when they are out well the market acts accordingly. Lots of other factots come in to play as well. when a share performs as expected or exceeds expectations it might contract once actual results are out since it has been going up day after day but once profit taking and debt clearing is over with it will move up or down on fundementals once again.

it may up in the next rally.

$$$ wrote:Rajitha,


I ave also said most often than not..... yes it will also adjust according to Market perception but eg: expecting PCH to do One billion and when results came out it went down. Most shares however begin there up ward journey way before results are out and when they are out well the market acts accordingly. Lots of other factots come in to play as well. when a share performs as expected or exceeds expectations it might contract once actual results are out since it has been going up day after day but once profit taking and debt clearing is over with it will move up or down on fundementals once again.

My thought id RICH is fundamentally strong share and it will pick from Monday onwards...

mono wrote:
that's because HOPL is dingy share while RICH is a blue chip. People don't snoop around for results from places like HOPL, ONAL or CARE. i remember buying HOPL right after the report and selling it for 68 as well.

I mentioned it because $$$ said all shares behave like that in CSE after reports are out. Just FYI just because you might not know of the share does not mean its same for everyone. The dingy company you talking about HOPL had 1478 million revenue this quarter alone!! Also the share was trading around rs 30s a week before the results came to around rs 45 the day quarterly was out. Just because you does not approve of a share or its not a blue chip does not means its insignificant to all!

Rajitha wrote:

mono wrote:
that's because HOPL is dingy share while RICH is a blue chip. People don't snoop around for results from places like HOPL, ONAL or CARE. i remember buying HOPL right after the report and selling it for 68 as well.

I mentioned it because $$$ said all shares behave like that in CSE after reports are out. Just FYI just because you might not know of the share does not mean its same for everyone. The dingy company you talking about HOPL had 1478 million revenue this quarter alone!! Also the share was trading around rs 30s a week before the results came to around rs 45 the day quarterly was out. Just because you does not approve of a share or its not a blue chip does not means its insignificant to all!

gee....

you didn't have to take that personally.

Rajitha.

You need to read between the lines buddy I never said that it's a hard and fast rule it depends on many factors I agree with you that some shares will continue to gain even after results are out or they might even slide. I was refering to the Topic subject Which was about Rich and not HOPL.

FYI HOPL came under the price band for a reason.... as mentioned in previous posts lots of illiquid shares can be subject to manipulation on a Hint of Positive news.

Lets stick to the topic lets not digress mate.

Since I have used up all my votes for today, let me just give a thumbs up to Antonym and UKBoy

dont panic if you can play long term hold , take a deep breath have a cup of tea and relax

I told the forum once and I tell them again that any small time retail could have sold the shares @15.3- 15.5 in the recent past. I bought them between 10 - 12 and dumped all of them this week.

I am now waiting for the next cycle. Shall start buying end March at 12.5 - 13.5.

Good share to keep long term.

hybrid_OS wrote:I told the forum once and I tell them again that any small time retail could have sold the shares @15.3- 15.5 in the recent past. I bought them between 10 - 12 and dumped all of them this week.

I am now waiting for the next cycle. Shall start buying end March at 12.5 - 13.5.

Good share to keep long term.

12.5-13.5

right!

I'd say if the buyers are lucky they'll get this at 13.5. but given the present results and all the other RICH developments + rubber prices + possible Kerala drought i have difficulty beleving this will slip past 14

Well if you decide to buy 1,000,000 shares then you are going to rouse a hornets nest as it were.
Its possible that you may do it, but then have mercy on guys like me who buy small time in bits and pieces to avoid the radar of sharp eyes on the CSE.

If Dr. S can buy NHL without raising any eye brows, then what can't Mono do?

Buy the way, why did Dharmadasa family increase their share % of NHL over the last qtr. To grab the lions share of the 1.2 bio. estimated earnings for 2010/11?

are u hinting at some here




........................................................................................................................................

hybrid_OS wrote:
Buy the way, why did Dharmadasa family increase their share % of NHL over the last qtr. To grab the lions share of the 1.2 bio. estimated earnings for 2010/11?

I'll leave you with another speculative note. why did the schaffters raise their holding of JINS over the last 5 months

Aha! So you also ready between the lines!

That's it, so good things are in the pipe line and we should be in the thick of it.
I hold quite a bit of JINS, NHL and CSEC. When the opportune time arrives, this cool operator will spring to action.

By the way, what will DIST do with the extra capital gains from the NAMAL fund episode?
Uncle Harry is unpredictable these days and jittery at that!

hybrid_OS wrote:
By the way, what will DIST do with the extra capital gains from the NAMAL fund episode?
Uncle Harry is unpredictable these days and jittery at that!

well...

I honestly don't know what he'll do. He's sort of out of vogue these days. but given the nature of this market the worse he can do is give a dividend. any other investment will drive prices. so i'm collecting this.let's see....

http://www.sundaytimes.lk/110213/BusinessTimes/bt06.html

http://www.sundaytimes.lk/110213/BusinessTimes/bt17.html