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Hi Guys,,

Have no hard feeling on me. This is what I was told by my adviser (CT). Y'day meeting has been fruitful. Brokers had submitted seven proposals and SEC officials were positive. Market announcement is due on Monday or Tuesday and hopefully it will be green from Tuesday evening onwards.
Pls don't hang me on this news.
Thanks

No issue sharing news. Thanks. You did not do any promotion.

Do those broker meeting and credit laxatives news pieces still work for Sri Lankans?

aj wrote:Do those broker meeting and credit laxatives news pieces still work for Sri Lankans?

Positive, Negative, Neutral or any news might create volatility in any market, even in your Master's Markets. No market is 100% efficient or fool proof. so do not expect CSE to behave according to the theories you wish .

AJ .

Y do u think those are not working in Wall street ? .......Sri lanka also same. OK mate

Proposals like giving financial aid for broker huts to build an extra hut.

Here are question you never answered.

Do you already have investments at CSE?
Are you planning to invest at CSE in the future?

If not why are you at a equity forum?

aj wrote:Proposals like giving financial aid for broker huts to build an extra hut.

Amal Mudunkotuwa wrote:AJ .

Y do u think those are not working in Wall street ? .......Sri lanka also same. OK mate

You mean like the Colombo share market going UP like crazy the day after Sri Lanka LOST the UN human rights proposal.

ITs always fun to come over here even if I'mn not at sri Lanka once i na while. Make me feel good in sea of .... I told when ASI near 6000 what you guys should have done! As always and as I spected I got the same responces.
Atleast I guess I'm not the only one here enjoying the show! Lets stat the cycle again guys like what we saw year or two back!

Leon wrote:Hi Guys,,

Have no hard feeling on me. This is what I was told by my adviser (CT). Y'day meeting has been fruitful. Brokers had submitted seven proposals and SEC officials were positive. Market announcement is due on Monday or Tuesday and hopefully it will be green from Tuesday evening onwards.
Pls don't hang me on this news.
Thanks

Hey..What my broker TKS and BMS said was tht the meeting had being postponed till Monday ?

may be some other meeting prior to the official meeting ..........

The only market which is moving up and down for meetings

y not have daily meeting he he

slstock wrote:Here are question you never answered.

Do you already have investments at CSE?
Are you planning to invest at CSE in the future?

If not why are you at a equity forum?

aj wrote:Proposals like giving financial aid for broker huts to build an extra hut.

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered

Rajitha wrote:ITs always fun to come over here even if I'mn not at sri Lanka once i na while. Make me feel good in sea of .... I told when ASI near 6000 what you guys should have done! As always and as I spected I got the same responces.
Atleast I guess I'm not the only one here enjoying the show! Lets stat the cycle again guys like what we saw year or two back!

Just out of curiosity i am asking you...from a technical point of view.when the ASI broke out the bearish trend with good volume & T/O.....and continued upward moment we all made money.....I am sure all got good entry trades are still have not exited investing longterm. I am first an Investor (My longterm would be 1year) and secondly a trader looking for opportunities on pull backs.The much anticipated correction leg we are witnessing now...I would be only concern if ASI go below 5250 levels......where i will start to exit positions to cut losses in general...perhaps some counters may give early signals to exit which i will oblige gracefully.If the ASI holds 5550-5650 levels we could see from a technical point a new buying opportunity.As I said i dont know when will market turn upward...it could be even seen 5800-5700 to turn bullish.Because Market waits for no man.....Its Merciless sometime.Nevertheless I am still Bullish bias.....

The forum members would love to know @ what levels will you re-enter positions.......

With your comments indicated above i gather you are expecting another blood bath....am i right ?

Your comments would be highly appreciated.

TAH

sureshot wrote:may be some other meeting prior to the official meeting ..........

The only market which is moving up and down for meetings

y not have daily meeting he he

What i like in you SS and that i dont see in many of others is you always seem to enjoy trading whether it may the portfolio is underwater or in GREEN....I like this attitude of yours and you seem to be keeping the forum alive....



Good luck.....
TAH

TAH, good questions. I hope you were serious and not sarcastic towards others hence answering the question. It will be very difficult to predict on indexes now as lot of factors are behind the index movement and sometimes might not be value or tech based. So if you are investor and find a share with under 5 PE and under 1 PBV with cash in hand and product portfolio with a strong growth please go ahead and invest. There are some shares in he market at the moment but not fitting exactly to the above but very close. All the best.

PE, PBV don't trust the numbers given especially by the broker huts. For example if I can remember Richard Pereis sold their whole block of insurance company in one of the quarters and their PE ratio was like dropped halved deceiving the investors looking at the broker reports. When that quarter goes out of the calculations the PE ratio will go up like crazy. So be careful with the so called undervalued, value gems, bargains... You may see there's nothing undervalued. And they don't have any meaning in the market.
Check the PE ratio of HVA. Was it over 100? Eve then it was a hot stock going up. Only thing that does matter is what some high net worth criminals and their crony brokers 'uda danne' next. That's what was missing when Thilak was regulating, when there was a SEC.

aj wrote:PE, PBV don't trust the numbers given especially by the broker huts. For example if I can remember Richard Pereis sold their whole block of insurance company in one of the quarters and their PE ratio was like dropped halved deceiving the investors looking at the broker reports. When that quarter goes out of the calculations the PE ratio will go up like crazy. So be careful with the so called undervalued, value gems, bargains... You may see there's nothing undervalued. And they don't have any meaning in the market.
Check the PE ratio of HVA. Was it over 100? Eve then it was a hot stock going up. Only thing that does matter is what some high net worth criminals and their crony brokers 'uda danne' next. That's what was missing when Thilak was regulating, when there was a SEC.

Your point is valid & I appreciate it very much. One should not take the PERs reported in public documents as it is, when serious investment decisions are taken. One has to carefully peruse the audited accounts for exceptional profits that lowers the PER drastically and recalculate the PER without such exceptional profits. Then only one gets the PER representative of ordinary business of the company. Exceptional items may come and go occationally. It will not be repeated again annually.

suja wrote:TAH, good questions. I hope you were serious and not sarcastic towards others hence answering the question. It will be very difficult to predict on indexes now as lot of factors are behind the index movement and sometimes might not be value or tech based. So if you are investor and find a share with under 5 PE and under 1 PBV with cash in hand and product portfolio with a strong growth please go ahead and invest. There are some shares in he market at the moment but not fitting exactly to the above but very close. All the best.

Hello Suja.....

There is no sarcasm in my questions put forth...believe me...i am more towards technical when it comes to trading although i prefer to purchase fundamentally strong shares but its not a guarantee it will kill you....when bought at wrong time....
As per my calculations there is still no confirmation to exit any of my positions.....Buy gives me another great opportunity to BUY around 5550-5650 i can not tell ASI will reach these levels as individual stocks give me early entries simply because relative strength comparatively to base indes such as ASI/MPI or SL20 react differently according to each strength.So as a general yardstick it is around 5650-5550 i am looking for the BUYing. If ASI slides further below 5250 then i would be worried and exit.Here again each counter would give exit signals for my positions to cut losses.

So basically I am asking in good faith those who say market will be down (if i recall correctly..most veteran members were saying the steep climb is not good and they wanted a correction to take place sooner than later) but whats there targets for re entry...or will they stay in sidelines as per their trading system...or they are just guessing the market to go below previous LOW thats below 4500 levels for another opportunity..if so whats the premise to base their judgment that market would turn around.....at those level and whats the guarantee...because we all know there is no guarantee since the market reflects the psychology of investors and traders.....or unless you technically/fundamentally could prove.

Based on our knowledge we reasonably assume the turning points to be in my case 5550 worst case for the Bullish bias traders/investors and it could some other level above or less for another techie..

So there is no point getting into a constructive discussion over anyone if they dont put there cards on table indicating there market expectation.

i am holding all my positions as you know and willing to come full disclosure of my positions if its allowed....to show my sincerity.....to other members specially the newbies not to take them for a ride with their positions. And i just want to know those who expect market to be in 4500 levels back again to state it clearly and tell us, are they holding any current positions ....or exited fully when it reached 6000 mark. We just seen around 150 points down.....to a 1200 points climb.....from low/bottom.

Please dont mis-understand or think i am questioning any1 knowledge here....but as an independent observer, i dont want the newbies investing with high hopes in CSE to have the herd following instincts.

Finally we all know there is know one including me suffered losses in CSE and sometimes we need to give back to the market.........Today i may be wrong because we all are humans and prone to make mistakes...its who cut losses/exit early when they know they made a mistake in judging an entry price or a reversal point of a share....and move on for the next kill



No offense to all ...this is my opinion......


Good luck

TAH

Great One TAH,

I invest for the brand and the company, sometimes I have gone horibly wrong but in the long term it has been OK. Thats why I mentioned that the index movements for me is a very difficlt one as I have not traded short term. I have held JKH for a long time, started collecting CTEA because its a great brand and available in supermarkets and hotels abroad as well. I sold CTC. Hold LOLC,Richard. Looking very close at Softlogic but not immediately.
If you look at the 4 factors I have mentioned above they fluctuate in terms of PE/PBV and cash situation but on a long term value and brand these shares are very good. And I have done the numbers on each of these personally and no broker has given me reports and numbers. I feel that investment is my decission.

In reality, there's no need of looking at the index anymore.. We should trade individual counters buying at dips..
When we see strength in some counters, we have to lavishly get into these ad exit at the correct times.. That's trading..

While you want to do some serious investments, taking the volatility into the matter and benefit from the that too is a good move imo.. So rather than u wait on an investment to mature, u can take profit several times so exit and jump again several times

suja wrote:Great One TAH,

I invest for the brand and the company, sometimes I have gone horibly wrong but in the long term it has been OK. Thats why I mentioned that the index movements for me is a very difficlt one as I have not traded short term. I have held JKH for a long time, started collecting CTEA because its a great brand and available in supermarkets and hotels abroad as well. I sold CTC. Hold LOLC,Richard. Looking very close at Softlogic but not immediately.
If you look at the 4 factors I have mentioned above they fluctuate in terms of PE/PBV and cash situation but on a long term value and brand these shares are very good. And I have done the numbers on each of these personally and no broker has given me reports and numbers. I feel that investment is my decission.

Suja...you have picked excellent counters.....but its your choice to hold on to a particular counter...for me i consider the opportunity cost ....perhaps we are not able to Short SELL @ CSE tends many of us to hold on to the share as we are not able to make money in bear market.How ever if your trading system is giving you profits thats what matters in the end... so you have no worries .

Good luck with your trades.....

I sold CTEA/JKH/LGLX

Currently Holding UML/RICH/PLC/JINS/CTC/LLUB/DIMO/BFL/NDB....

Looking forward to NEST/HNB/SAMP/LGLX to buy on the pull back hopefully.....

Regards
TAH

smallville wrote:In reality, there's no need of looking at the index anymore.. We should trade individual counters buying at dips..
When we see strength in some counters, we have to lavishly get into these ad exit at the correct times.. That's trading..

While you want to do some serious investments, taking the volatility into the matter and benefit from the that too is a good move imo.. So rather than u wait on an investment to mature, u can take profit several times so exit and jump again several times

.....you are absolutely correct...

I take the index as reference/guide only with each sector leader to trade .......

CSE seems to be recovering...some of the counters have recovered before closing...good sign though

Have a great week-end
TAH

traderathome wrote:Just out of curiosity i am asking you...from a technical point of view.when the ASI broke out the bearish trend with good volume & T/O.....and continued upward moment we all made money.....I am sure all got good entry trades are still have not exited investing longterm. I am first an Investor (My longterm would be 1year) and secondly a trader looking for opportunities on pull backs.The much anticipated correction leg we are witnessing now...I would be only concern if ASI go below 5250 levels......where i will start to exit positions to cut losses in general...perhaps some counters may give early signals to exit which i will oblige gracefully.If the ASI holds 5550-5650 levels we could see from a technical point a new buying opportunity.As I said i dont know when will market turn upward...it could be even seen 5800-5700 to turn bullish.Because Market waits for no man.....Its Merciless sometime.Nevertheless I am still Bullish bias.....

The forum members would love to know @ what levels will you re-enter positions.......

With your comments indicated above i gather you are expecting another blood bath....am i right ?

Your comments would be highly appreciated.
TAH

I'm not really expecting a big blood bath but I did believe that the market will fall off from 5800- 6000 level back to 5000 level when market started shooting. I have posted this many times and so far I stand corrected. But it have a bigger resistance to go down than I initially thought mainly because of the foreign funs coming in thanks to the crappy Europe economic conditions. So I'm neutral at the moment. I put about 50% of the cash ins I had in to a fixed deposit and holding the rest in my account waiting for a moment to pounce.
I’m not a big technical guy and do not believe they work a lot on markets like CSE a lot accurately. Any way all I can say is don’t put set goals when you invest in markets and try to be flexible. Especially once you know have a feel of what’s going on because 5200 level you say that need to sell might be the bottom. And those resistance levels you expecting to buy might not work out!

Rajitha wrote:
I'm not really expecting a big blood bath but I did believe that the market will fall off from 5800- 6000 level back to 5000 level when market started shooting. I have posted this many times and so far I stand corrected. But it have a bigger resistance to go down than I initially thought mainly because of the foreign funs coming in thanks to the crappy Europe economic conditions. So I'm neutral at the moment. I put about 50% of the cash ins I had in to a fixed deposit and holding the rest in my account waiting for a moment to pounce.
I’m not a big technical guy and do not believe they work a lot on markets like CSE a lot accurately. Any way all I can say is don’t put set goals when you invest in markets and try to be flexible. Especially once you know have a feel of what’s going on because 5200 level you say that need to sell might be the bottom. And those resistance levels you expecting to buy might not work out!

Hmm.. Matured answer from you which I like. "Foreigner" have been buying this whole year in general no only in Sept.

foreigners are real investors not traders.they look long term