DS Wijesinghe wrote: Maharaja wrote: Maharaja wrote:Members,
ASI is getting ready to hit 5800. This time it will break 5800 mark and enter 5700 territory.
Be ready for impact. I will update new market analysis by Oct.
Thankyou,
Maharaja
Prediction proved. The ppl who shouted and laughed at Maharaja is missing now. Truth will always win.
Maharaja
yes you have been proved right and correct there is no doubt about that
BUT it would be more beneficial to forum members if you could share your views on individual stocks
1. Will EPF go and dump EPF money to buy JKH @ current market levels to bail out foreign investors who want to exit Sri Lanka?
2. COMB, if you are to buy this stock today how much would you be willing to pay for a share? Your honest opinion pls
3. Are GRAN, Aitken Spence, HNBA, Union Assurance, SAMP in your watch list? If so how have you analysed them?
Maharaja says not to buy any shares at this time. Not JKH, SAMP or COMB. Maharaja sold whole portfolio many months ago.
And will not buy until good economic condition arrive.
ASI is experiencing technical bounce after entering 5700 level. It will turn to 5700 area soon.
Maharaja advises;
1. Do not try trading opportunities. Any minute the short term uptrends will turn downwards.
2. Do not buy value stocks still. Value stocks will fall further !
3. Do not believe ASI color and invest. Look at the country's situation, business outlook of whole country and think twice.
Maharaja believe only fundamentals. In SL fundamentals are getting worse every day. When economic fundamentals are getting worse, a share market will fall.
Don't think politicians will do good to economy. Every politician destroyed the economy. Maharaja thought this government will be different. Unfortunately its same story repeating. Even if Mahinda comes again economy is very hard to turn.
All previous and current politicians are the reason for this crisis in economy. From high interest loans, useless projects, central bank robbery, bribery asking from investors and stopping FDIs, etc. All politicians robbed our country and they still continue.
Only solution is : Reduce imports. Increase exports
Then we will see SL grow and CSE perform.
Otherwise our country will become like Greece/Somalia guaranteed.
What is best solution as investor?
1. Sell full portfolio and invest in FD. You cannot get FD return at CSE.
Others who still invest and expect returns and buy
VALUE STOCKS (fundamentals strong) today will have below results;
1. 6-12 months term - LOSS
2. 12-15 months term -LOSS 80%/ marginal profit 20%
3. 24 months term - Profit 100%
Do not apply my predictions to special cases like acquisitions or sale of company subsidiaries. My analysis is based to overall market indexes.
yours sincerely,
Maharaja