Credit settlement

wsaman · 1 Credit settlement Wed Nov 28, 2012 12:21 pm

wsaman

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Today credit settlements are going on with several brokers. Tomorrow onward cse could be bit positive. What do you think guys?

nimantha80 · 2 Re: Credit settlement Wed Nov 28, 2012 4:53 pm

nimantha80

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settllement will be there till end of this month and late this year the big bloody crash.possible to break previous low.4700.

Jiggysaurus · 3 Re: Credit settlement Wed Nov 28, 2012 5:32 pm

Jiggysaurus

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nimantha80 wrote:settllement will be there till end of this month and late this year the big bloody crash.possible to break previous low.4700.

Why only 4700? That's only 10% down. If it's a big bloody crash shouldn't it be 3,700?

Slstock · 4 Re: Credit settlement Wed Nov 28, 2012 6:38 pm

Slstock

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Jiggysaurus wrote:

nimantha80 wrote:settllement will be there till end of this month and late this year the big bloody crash.possible to break previous low.4700.

Why only 4700? That's only 10% down. If it's a big bloody crash shouldn't it be 3,700?

Just as people can give blind estimates without basis for bull runs ( I recall someone talked about ASI 10000 in short term), people can give blind estimates without reason for down falls. If we guess ASI can fall to lowest ASI this year 4720+ again , then why not 4000 or 3000 if people go nuts. Why not back to pre war ASI around 2000?

But this is guessing. If we give values we should justify them with some rational arguments or analysis. I personally do not care if estimates come true or not ( we don't have magic balls to predict accurately so goign wrong is fine ) as long as people can talk sense with a basis so other can learn.

I will try not to predict ASI as even a small volume selling of index heavy shares can drag index down and panic other share holders also. But note market is again in oversold region technically. EXtreme fear and panic can drag it lower or sudden interest can turn it the other way in short term.

But I would rather look at individual shares and prices.

I see some shares trading now very close to the lowest they traded this year while financials have improved! For some people without investment plans , it all about sentiment and running with the wave due to fear/greed. ( depending on market)

But for others with plans there are opportunities to slowly collect.