Be aware of CIFL holders!

m2_yapa · 1 Be aware of CIFL holders! Tue May 28, 2013 10:45 am

m2_yapa

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Are you still in buying side of CIFL. Today sellers at 2.30 tomorrow may be at 2.20 or may not any way there is less interest of buying. Only about selling.
I am still watching the behavior of this counter.
Where you stand?

salt · 2 Re: Be aware of CIFL holders! Tue May 28, 2013 10:54 am

salt

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It will take time to stabilize the price at this range
I don't know what will happen in the future
some restructuring will happen

hairai · 3 CIFL Selling Tue May 28, 2013 11:04 am

hairai

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I heard that Owner is selling. But, why should he sell if he has been appointed to the board? Is anyone trying to bring down the price to buy?.....
Confusing.....

m2_yapa · 4 Re: Be aware of CIFL holders! Tue May 28, 2013 11:17 am

m2_yapa

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Non performing companies are good only for retailers for trading. Pls do not burn your finger.

kalum · 5 Re: Be aware of CIFL holders! Tue May 28, 2013 1:48 pm

kalum

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This is not a good company of course. but im in buying side collected in small portions in each .10 decrease from 2.5. I may buy in mid / large quantities if this settle down in low levels.

Takecharge · 6 Re: Be aware of CIFL holders! Tue May 28, 2013 2:57 pm

Takecharge

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m2_yapa wrote:Non performing companies are good only for retailers for trading. Pls do not burn your finger.

I am very skeptical too, though i do not want to blame anyone, I too got burnt, touching this. after reading comments on this Forum. Embarassed

Slstock · 7 Re: Be aware of CIFL holders! Tue May 28, 2013 3:13 pm

Slstock

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Not sure whose advice you took.

Some of us warned continously from Rs 9 downwards about CIFL

http://forum.srilankaequity.com/t22402-what-you-think-about-cifl#135296
http://forum.srilankaequity.com/t22847-cifl-t20-world-cup-started#137684
http://forum.srilankaequity.com/t26135-cifl-twod-will-recover#153560
http://forum.srilankaequity.com/t26542-cifl-aiyo-salli#155387

Takecharge wrote:
I am very skeptical too, though i do not want to blame anyone, I too got burnt, touching this. after reading comments on this Forum.

m2_yapa · 8 Re: Be aware of CIFL holders! Tue May 28, 2013 3:49 pm

m2_yapa

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Sl Stock fine we acknowledge your advice. But what is the future of this stock. I am dreaming whether this will get the support at 2.10 if broken 1.80 or drop further more. next two days are very crucial for this stock.
I gave the advice becoz i saw ppl are jumping it at 2.20. Some one sold it putting 50,000 selling orders very easily.
However i may be wrong!. It may take a U turn at this juncture.
But to remember one thing if some one (Major share holders) need to sell off they could have push this up while it was trading at 2.60 few days back rather waiting till 2.20.
If i am the seller i could have push it when new management announce.
Good luck!

Slstock · 9 Re: Be aware of CIFL holders! Tue May 28, 2013 4:01 pm

Slstock

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I told this so many times .

Again , I personally won't touch this until restructuring plans are announced. that me.
If one want to gamble then its their risk.

There are so many unknow factors still. How will Maloney pump money? Private placement ? Right issue?

Who knows, can a right issue of y shares for 1 can happen at Rs x. I am not saying it will but who knows.

As the saying goes don;t try to catch a falling knife.

m2_yapa wrote:Sl Stock fine we acknowledge your advice. But what is the future of this stock. I am dreaming whether this will get the support at 2.10 if broken 1.80 or drop further more. next two days are very crucial for this stock.
I gave the advice becoz i saw ppl are jumping it at 2.20. Some one sold it putting 50,000 selling orders very easily.
However i may be wrong!. It may take a U turn at this juncture.
But to remember one thing if some one (Major share holders) need to sell off they could have push this up while it was trading at 2.60 few days back rather waiting till 2.20.
If i am the seller i could have push it when new management announce.
Good luck!

LSE · 10 Re: Be aware of CIFL holders! Tue May 28, 2013 5:18 pm

LSE

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slstock wrote:I told this so many times .

Again , I personally won't touch this until restructuring plans are announced. that me.
If one want to gamble then its their risk.

There are so many unknow factors still. How will Maloney pump money? Private placement ? Right issue?

Who knows, can a right issue of y shares for 1 can happen at Rs x. I am not saying it will but who knows.

As the saying goes don;t try to catch a falling knife.

m2_yapa wrote:Sl Stock fine we acknowledge your advice. But what is the future of this stock. I am dreaming whether this will get the support at 2.10 if broken 1.80 or drop further more. next two days are very crucial for this stock.
I gave the advice becoz i saw ppl are jumping it at 2.20. Some one sold it putting 50,000 selling orders very easily.
However i may be wrong!. It may take a U turn at this juncture.
But to remember one thing if some one (Major share holders) need to sell off they could have push this up while it was trading at 2.60 few days back rather waiting till 2.20.
If i am the seller i could have push it when new management announce.
Good luck!

Dear slstock Thank You for the information.

hairai · 11 H ^s pattern Tue May 28, 2013 5:54 pm

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If we are in 3rd Wave It is unlikely to form H n S PATTERN.

smallville · 12 Re: Be aware of CIFL holders! Tue May 28, 2013 7:35 pm

smallville

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Look.. This seems to me going into 2 very soon, I may be wrong cuz if u see the selling pressure absorbed by buying like in CSD, this may go up as well.

See CSD for an example, it went to 11.60 today buy the buyer cleared all up to 11.80 suddenly Wink