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GROSS DOMESTIC PRODUCT (GDP)
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What's the reason for today downtrend of ASI? Tue Oct 04, 2011 1:37 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 1:40 pm Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 1:46 pmdhanurrox wrote:when the index becomes little red your greedy manipulators keep dragging down the price of shares & panic sellers sell
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 1:49 pm Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 1:54 pmdhanurrox wrote:If you observe order books we can easily see how they do it, see sini order book,they dragged the price down,only one buyer but he's only 2 rupees below,once he filled that order then put another one,same with most of other order books
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 2:02 pm Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 3:04 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 3:22 pm Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 3:27 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 4:02 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 4:07 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 4:29 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 6:30 pm
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 6:38 pmslstock wrote:
I posted this in another thread today. Most of it applies here.
The main issue I see is that as the market is not believing in fundamentals so it cannot sustain. What goes up has to come down. Its just swinging on crap shares.
When fundamentals go up to assigned value, they can sustain their price unlike Crap shares. But our market is a gamblers den.
I think people sell fundamentals and buy speculatives thinking that is the way to survive the market. Why buy shares even if they are worth RS 1000 now trading at Rs 300 if they do not move. Lets buy moving shares. Who cares about fundamentals . We loose more with them.
This is the mentality.
So when market goes down, fundamentals as well as already overvalued Crap shares all are dragged down. When one sees panic selling , other follow . Good share , bad share they do not care. This is not a good sign. We have a very volatile market.
Also I think there maybe be some Margin account clearances. I am not sure.
For example look at RCL. Why on earth would they sell this share at Rs 132? With a trailing PE of 10 and forward of around 8. I do not understand when a share with Rs 1+ earning is trading over Rs 500 to 1000s. And a fundamental is with PE of 10 is at 132.
Magic of manipulation and illiquidity. Welcome to our CSE. We have a long way to go with matured mind set for a sustainable market.
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 7:48 pm
dhanurrox wrote:when the index becomes little red your greedy manipulators keep dragging down the price of shares & panic sellers sell
Re: What's the reason for today downtrend of ASI? Tue Oct 04, 2011 11:47 pm Re: What's the reason for today downtrend of ASI? Wed Oct 05, 2011 1:09 amRealViewer wrote:you people are opposing and supporting to these two people
It seems these two are two sides of a one coin.
nice way to get the publicity. may be tired of just posting.
keep it up
this is what i think
ha ha ha ha............
Re: What's the reason for today downtrend of ASI? Wed Oct 05, 2011 12:12 pm
Re: What's the reason for today downtrend of ASI? Wed Oct 05, 2011 12:20 pmsan1985 wrote:I guess its bcoz of CSE press release...
http://www.cse.lk/cmt/upload_cse_announcements/8841317707667_.pdf
CSE is saying it is overvalued compared to other regional markets.... So the markt getting adjusted itself...LOL
Re: What's the reason for today downtrend of ASI? Thu Oct 06, 2011 10:50 am Message [Page 1 of 1]
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