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Who writes this stuff?

5 posters

Go down  Message [Page 1 of 1]

1Who writes this stuff? Empty Who writes this stuff? Thu Feb 10, 2011 5:41 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

Today's LBO article says the market went up because bank prices rose: http://www.lbo.lk/fullstory.php?nid=1673963883

But if you goto to http://www.cse.lk you can clearly see that the biggest contribution was from BUKI, followed by SLTL and CARS.

I am posting this here as an example as to why you should take everything you read with a pinch of salt. Buying shares on newspaper articles (which in the case of Sri Lankan business news pages is mostly press releases written by the company not by a journalist) is just suicide.

But people have been buying on news stories anyway, for the last year and making a buck on it too, but that's just the exception not the rule.

2Who writes this stuff? Empty Re: Who writes this stuff? Thu Feb 10, 2011 5:50 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

Sri Lankan stocks closed 1.5 percent higher Thursday helped by gains in the banking stocks, brokers said.

Who writes this stuff? Polar-bear-face-palm_thumbnail1

3Who writes this stuff? Empty Re: Who writes this stuff? Thu Feb 10, 2011 6:04 pm

fair investor


Equity Analytic
Equity Analytic

tubal wrote:Today's LBO article says the market went up because bank prices rose: http://www.lbo.lk/fullstory.php?nid=1673963883

But if you goto to http://www.cse.lk you can clearly see that the biggest contribution was from BUKI, followed by SLTL and CARS.

I am posting this here as an example as to why you should take everything you read with a pinch of salt. Buying shares on newspaper articles (which in the case of Sri Lankan business news pages is mostly press releases written by the company not by a journalist) is just suicide.

But people have been buying on news stories anyway, for the last year and making a buck on it too, but that's just the exception not the rule.


May be they are talking on turnover
Banking sector - 1.3bn today

4Who writes this stuff? Empty Re: Who writes this stuff? Thu Feb 10, 2011 6:06 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics

Yes, all companies have journalists kept as pets. These journalists just copy and paste anything the marketing department of the company gives to them. May be the journalists are getting something more for the favor. That's why we have headlines like "XYZ profit up 99%" but actually it's 30% but compared to several years ago it's 99% (big news.) Or if the company hasn't been doing well, then we have an article saying XYZ is going in to leasure sector or hydro power.

5Who writes this stuff? Empty Re: Who writes this stuff? Thu Feb 10, 2011 6:06 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

they said 'gains' in the banking sector. so it's not about turnover

6Who writes this stuff? Empty Re: Who writes this stuff? Fri Feb 11, 2011 12:50 am

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It's a known fact that there are journo's who write positives for a cup of plain tea. Haven't you seen the strange Bias with wijeya always highlighting ERI Group News. even their quarterly results are given massive publicity with a massive right up eg : CLPL there was a huge article recently.

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