ASI closing 7001.23

laksharemk · 1 ASI closing 7001.23 Tue Jun 21, 2011 2:49 pm

laksharemk

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Market tried to move up in last two days, but ended @ 7001 today.
Turnover is low compared to last few days.
What are your thoughts on the current situation and future?
Can we expect that the market is at bottom and will start moving up very soon?

wallstreetguy · 2 Re: ASI closing 7001.23 Tue Jun 21, 2011 3:24 pm

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ASI | 6,996.64 | -44.04 | -0.63%

Investor99 · 3 Re: ASI closing 7001.23 Tue Jun 21, 2011 4:18 pm

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The best time to collect undervalued shares Smile

laksharemk · 4 Re: ASI closing 7001.23 Tue Jun 21, 2011 5:56 pm

laksharemk

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We can say it is the best time to collect, on if the market is in a strong support level and an uptrend is expected. If this is the beginning of another dip, this is not the time to collect heavily. I also feel that there will be an uptrend after 23rd IPO. What are your thoughts, analytical outputs and gut feeling?

Investor99 · 5 Re: ASI closing 7001.23 Tue Jun 21, 2011 9:37 pm

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When you look at the stock market there are certain shares that have fallen to their rock bottom prices and these are fundamentally strong shares and the share price is unlikely to go down further. Four five months down the line you will not be able to get these shares at these bargain prices. Its better to collect in small quantities so if the price goes further down you can still recover. I am a long term investor so this is the time for me to collect.