Please guide me!

mushrif.m@gmail.com · 1 Please guide me! Tue May 10, 2011 10:54 pm

mushrif.m@gmail.com

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Hi members,

Can you all give me an advice. According to my broker advice i bought onal shares yesterday and after that only i know it is a overvalued share. currently it has decreased by 8 rs. there are two more days to pay the due. If i get the owner ship of that will it be Worthy? (Bought at 103 1000 shares)

Please guide me!

Antonym · 2 Re: Please guide me! Tue May 10, 2011 11:00 pm

Antonym

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http://forum.srilankaequity.com/t3433-onal-had-a-run?highlight=ONAL Smile

mushrif.m@gmail.com · 3 Re: Please guide me! Tue May 10, 2011 11:05 pm

mushrif.m@gmail.com

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Yes antony i tried to sell today but it went down too quickly. I will face around 10000 loss if i sell the share at that value so i kept quite.
Now i fear if it goes below than that!!!! The same thing is going to happen to GRAN as well.

Rajitha · 4 Re: Please guide me! Tue May 10, 2011 11:09 pm

Rajitha

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I was going to say if you asked like a week back the people here would have guilded you amazingly! But seems you have done it without posting here anyway Rolling Eyes

Antonym · 5 Re: Please guide me! Tue May 10, 2011 11:20 pm

Antonym

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Why do people buy shares at higher prices than they are worth? The prospect of quick buck? If so, you're a gambler not an investor - and you've got to take losses in your stride.

Even while buying vegetables for Rs 100, you check the quality first. Why should it be different for shares?

Reduce your risk by doing some research first. If your broker tells you to buy, you must ask him WHY?

Monster · 6 Re: Please guide me! Tue May 10, 2011 11:24 pm

Monster

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Antonym wrote:Why do people buy shares at higher prices than they are worth? The prospect of quick buck? If so, you're a gambler not an investor - and you've got to take losses in your stride.

Even while buying vegetables for Rs 100, you check the quality first. Why should it be different for shares?

Reduce your risk by doing some research first. If your broker tells you to buy, you must ask him WHY?

Good advice for the gamblers. These days we get more gamblers than investors in CSE. That's why shares like ALUF, LALU, BINN, SING, MIRA etc. reaching it's peak.

UKboy · 7 Re: Please guide me! Tue May 10, 2011 11:25 pm

UKboy

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Ooppz Some people say you cannt sell anything at a loss. Wonder how that methodology applies to this scenario...

Gaja · 8 Re: Please guide me! Wed May 11, 2011 1:35 pm

Gaja

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http://www.cse.lk/cmt/upload_cse_announcements/2781305099337_.pdf

StocksWatch · 9 Re: Please guide me! Wed May 11, 2011 1:41 pm

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Gaja wrote:http://www.cse.lk/cmt/upload_cse_announcements/2781305099337_.pdf

Hmm...no surprise there. This has been the pattern for all similar shares in the last few weeks.

mushrif.m@gmail.com · 10 Re: Please guide me! Wed May 11, 2011 2:39 pm

mushrif.m@gmail.com

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Gaja does the attachment say CTH will go up and onaly down?

StocksWatch · 11 Re: Please guide me! Wed May 11, 2011 2:42 pm

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mushrif.m@gmail.com wrote:Gaja does the attachment say CTH will go up and onaly down?

Hi...don't jump into conclusions just by looking at Directors selling or buying shares. There may be some hidden adjenda behind these transactions. I am not accussing CTH and ONALY at all but you need to be careful in following Directors' transactions.

Last edited by StocksWatch on Wed May 11, 2011 2:45 pm; edited 1 time in total

mushrif.m@gmail.com · 12 Re: Please guide me! Wed May 11, 2011 2:45 pm

mushrif.m@gmail.com

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yes stock watch i will watch
thx

npc86 · 13 Re: Please guide me! Wed May 11, 2011 2:52 pm

npc86

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StocksWatch wrote:

mushrif.m@gmail.com wrote:Gaja does the attachment say CTH will go up and onaly down?

Hi...don't jump into conclusions just by looking at Directors selling or buying shares. There may be some hidden adjenda behind these transactions.

Dear StocksWatch,
What dose you mean, are they doing such transactions and publishing like that in oder to misguide investors..?

StocksWatch · 14 Re: Please guide me! Wed May 11, 2011 3:07 pm

StocksWatch

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npc86 wrote:

StocksWatch wrote:

mushrif.m@gmail.com wrote:Gaja does the attachment say CTH will go up and onaly down?

Hi...don't jump into conclusions just by looking at Directors selling or buying shares. There may be some hidden adjenda behind these transactions.

Dear StocksWatch,
What dose you mean, are they doing such transactions and publishing like that in oder to misguide investors..?

Yes it is not an impossibility in my opinion. (Note that I am not talking about recent Directors' transactions of CTH or ONALY in particular but in general)

Don’t take anything for granted. Be suspicious about everything you get to hear about the market. When you open your mind, you will see plenty of alternative interpretations.

Good luck.