Final and desperate attempt to collect shares.....

Lot of negative comments everywhere?Poeple don't panic,dont sell your shares,hold on.This is the final act.Lot of comments will be there for my post.They are all who are soo desperate.Good times ahead.Happy trading........

Yes, should not dispose. mkt may recover this week. not to worry

prabath wrote:Lot of negative comments everywhere?Poeple don't panic,dont sell your shares,hold on.This is the final act.Lot of comments will be there for my post.They are all who are soo desperate.Good times ahead.Happy trading........

Always good times ahead. Stock market never fall continuously, it somewhere down the line wake up. If some1 is talented or luckiest then they will swing and double their profit. This market again start to fall unless president make few statements to make short term up. No1 in this world can say this is the final fall...., may be December mid will be worser than now. Wait and cc. I know what happened in 2008. you may not be in the mkt...

Jana1 wrote:

prabath wrote:Lot of negative comments everywhere?Poeple don't panic,dont sell your shares,hold on.This is the final act.Lot of comments will be there for my post.They are all who are soo desperate.Good times ahead.Happy trading........

Always good times ahead. Stock market never fall continuously, it somewhere down the line wake up. If some1 is talented or luckiest then they will swing and double their profit. This market again start to fall unless president make few statements to make short term up. No1 in this world can say this is the final fall...., may be December mid will be worser than now. Wait and cc. I know what happened in 2008. you may not be in the mkt...

Actually What happen in 2008 I was not there at that time.

dumindasn wrote:

Jana1 wrote:

prabath wrote:Lot of negative comments everywhere?Poeple don't panic,dont sell your shares,hold on.This is the final act.Lot of comments will be there for my post.They are all who are soo desperate.Good times ahead.Happy trading........

Always good times ahead. Stock market never fall continuously, it somewhere down the line wake up. If some1 is talented or luckiest then they will swing and double their profit. This market again start to fall unless president make few statements to make short term up. No1 in this world can say this is the final fall...., may be December mid will be worser than now. Wait and cc. I know what happened in 2008. you may not be in the mkt...

Actually What happen in 2008 I was not there at that time.

People always predicting the uptrend. But it was keep on down trend. One day suddenly got up by arnd 100%. It continues till 2011 Feb... People who sold firstday upmarket never buy back and saying it would come down. But it never, Now those shares are 3-4 times expensive than that price. I rember DOCK arnd 28-30 rupees. I dont thnk those Conservative players got back those shares. At that time I was very small player but good mkt watcher. But I learnt good lessons by selling at the initial up. Therafter I always try to sell only small qty when uptrend get over whilst down trend get smile. No1 can predict the mkt... I feel small down trend get started. Will wait and cc...

In 2008 whole world economy collapsed because of credit. There was a saying those days that we were down in the dumps so that we couldn't go down further.

People in USA were buying houses on credit. Banks and financial houses were giving more and more credit without checking whether people can pay up the mortgages. This formed a bubble. House prices were going up because more people were taking loans and buying houses. So house prices went up and up just like our stock market. Banks gave more and more credit to buy houses just like our brokers allow people to buy more and more stocks. And then came a point where bubble couldn't live no longer. People couldn't pay the loans. Banks got these mortgaged properties. But these properties were overvalued or junk just like Colombo stocks. So they couldn't get the money back. So the banks and financial houses fell like domino because everybody was giving and receiving credit to each other. There was no real money involved. Just overvalued and junk properties just like Sri Lankan stocks.

What happend in 2009 (the end of war) was a one off thing, it won't repeat for a long time again hopefully. Brokers show the charts of 2009, 2010 showing massive profits from the stock market. It won't happen again.
DOCK would have been around 30s in early 2000s. In 2009 every stock soared up junk or not junk. It happened again in 2010 people got used to that, put money on any stock it will go up. But companies didn't improve. Only thing that changed was their portfolios got fat with the bubble and they started selling those to make profit. Now the stock prices are overvalued. Either company core businesses have to improve massively or share prices have to adjust back.

duke wrote:In 2008 whole world economy collapsed because of credit. There was a saying those days that we were down in the dumps so that we couldn't go down further.

People in USA were buying houses on credit. Banks and financial houses were giving more and more credit without checking whether people can pay up the mortgages. This formed a bubble. House prices were going up because more people were taking loans and buying houses. So house prices went up and up just like our stock market. Banks gave more and more credit to buy houses just like our brokers allow people to buy more and more stocks. And then came a point where bubble couldn't live no longer. People couldn't pay the loans. Banks got these mortgaged properties. But these properties were overvalued or junk just like Colombo stocks. So they couldn't get the money back. So the banks and financial houses fell like domino because everybody was giving and receiving credit to each other. There was no real money involved. Just overvalued and junk properties just like Sri Lankan stocks.

What happend in 2009 (the end of war) was a one off thing, it won't repeat for a long time again hopefully. Brokers show the charts of 2009, 2010 showing massive profits from the stock market. It won't happen again.
DOCK would have been around 30s in early 2000s. In 2009 every stock soared up junk or not junk. It happened again in 2010 people got used to that, put money on any stock it will go up. But companies didn't improve. Only thing that changed was their portfolios got fat with the bubble and they started selling those to make profit. Now the stock prices are overvalued. Either company core businesses have to improve massively or share prices have to adjust back.

Explained nicely thanks

Nice groupwork newcomer and duke,i'll reply on next
Monday,good news will be there late this week.see you.

prabath wrote:Nice groupwork newcomer and duke,i'll reply on next
Monday,good news will be there late this week.see you.

prabath - what I said was he has nicely explained that scenario..I think that's the truth.

It doesn't mean that I am negative. Me too looking forward to another run soon with the announcements and all

I agree... Too much pessimism... Cmon people.... Be Optimistic..!

Sorry newcomer,I was soo disappointed to see negative behavior of people,We don't need to be optimistic,It'll truly happen late this week,don't panic sell,Happy trading.

duke wrote:In 2008 whole world economy collapsed because of credit. There was a saying those days that we were down in the dumps so that we couldn't go down further.

People in USA were buying houses on credit. Banks and financial houses were giving more and more credit without checking whether people can pay up the mortgages. This formed a bubble. House prices were going up because more people were taking loans and buying houses. So house prices went up and up just like our stock market. Banks gave more and more credit to buy houses just like our brokers allow people to buy more and more stocks. And then came a point where bubble couldn't live no longer. People couldn't pay the loans. Banks got these mortgaged properties. But these properties were overvalued or junk just like Colombo stocks. So they couldn't get the money back. So the banks and financial houses fell like domino because everybody was giving and receiving credit to each other. There was no real money involved. Just overvalued and junk properties just like Sri Lankan stocks.

What happend in 2009 (the end of war) was a one off thing, it won't repeat for a long time again hopefully. Brokers show the charts of 2009, 2010 showing massive profits from the stock market. It won't happen again.
DOCK would have been around 30s in early 2000s. In 2009 every stock soared up junk or not junk. It happened again in 2010 people got used to that, put money on any stock it will go up. But companies didn't improve. Only thing that changed was their portfolios got fat with the bubble and they started selling those to make profit. Now the stock prices are overvalued. Either company core businesses have to improve massively or share prices have to adjust back.

You say shares are overvalued. Can you explain the overvalued shares without just saying overvalued.

hariesha wrote:

duke wrote:In 2008 whole world economy collapsed because of credit. There was a saying those days that we were down in the dumps so that we couldn't go down further.

People in USA were buying houses on credit. Banks and financial houses were giving more and more credit without checking whether people can pay up the mortgages. This formed a bubble. House prices were going up because more people were taking loans and buying houses. So house prices went up and up just like our stock market. Banks gave more and more credit to buy houses just like our brokers allow people to buy more and more stocks. And then came a point where bubble couldn't live no longer. People couldn't pay the loans. Banks got these mortgaged properties. But these properties were overvalued or junk just like Colombo stocks. So they couldn't get the money back. So the banks and financial houses fell like domino because everybody was giving and receiving credit to each other. There was no real money involved. Just overvalued and junk properties just like Sri Lankan stocks.

What happend in 2009 (the end of war) was a one off thing, it won't repeat for a long time again hopefully. Brokers show the charts of 2009, 2010 showing massive profits from the stock market. It won't happen again.
DOCK would have been around 30s in early 2000s. In 2009 every stock soared up junk or not junk. It happened again in 2010 people got used to that, put money on any stock it will go up. But companies didn't improve. Only thing that changed was their portfolios got fat with the bubble and they started selling those to make profit. Now the stock prices are overvalued. Either company core businesses have to improve massively or share prices have to adjust back.

You say shares are overvalued. Can you explain the overvalued shares without just saying overvalued.

duke, you say market is overvalued. Even after it's deep fall from 7800 to below 6000. You could have toldthis well before. On the other hand if still overvalued what should be the level of ASI index. 5000 or 4000 or less than that. Pl. explain with facts.

Rajaraam wrote:
duke, you say market is overvalued. Even after it's deep fall from 7800 to below 6000. You could have toldthis well before. On the other hand if still overvalued what should be the level of ASI index. 5000 or 4000 or less than that. Pl. explain with facts.

1st of I'm so glad to see Duke's return. He is one of very few people who had warned about this down hill trend long time before.
If some one really needs to know what he had told those days, please go through his posts by simply checking his/her profile.

This down hil trend is getting worse since the government introduced few i****c policies.

UKboy wrote:

Rajaraam wrote:
duke, you say market is overvalued. Even after it's deep fall from 7800 to below 6000. You could have toldthis well before. On the other hand if still overvalued what should be the level of ASI index. 5000 or 4000 or less than that. Pl. explain with facts.

1st of I'm so glad to see Duke's return. He is one of very few people who had warned about this down hill trend long time before.
If some one really needs to know what he had told those days, please go through his posts by simply checking his/her profile.

This down hil trend is getting worse since the government introduced few i****c policies.

.
Could you kindly give us those links.

Probably reffering to links like this...

http://forum.srilankaequity.com/t879-murder-at-asho-done-by-broker


cant find many..

Rajaraam wrote:
Could you kindly give us those links.

http://forum.srilankaequity.com/t5174-about-the-current-market
http://forum.srilankaequity.com/t4316-push-up-the-price-and-pass-it-to-the-retailers
http://forum.srilankaequity.com/t6759-finally-has-the-bull-started-running#45871

Overall he was telling the truth rather promoting shares.

I still believe, the market will recover Only in Jan. 2012

duke wrote:In 2008 whole world economy collapsed because of credit. There was a saying those days that we were down in the dumps so that we couldn't go down further.

People in USA were buying houses on credit. Banks and financial houses were giving more and more credit without checking whether people can pay up the mortgages. This formed a bubble. House prices were going up because more people were taking loans and buying houses. So house prices went up and up just like our stock market. Banks gave more and more credit to buy houses just like our brokers allow people to buy more and more stocks. And then came a point where bubble couldn't live no longer. People couldn't pay the loans. Banks got these mortgaged properties. But these properties were overvalued or junk just like Colombo stocks. So they couldn't get the money back. So the banks and financial houses fell like domino because everybody was giving and receiving credit to each other. There was no real money involved. Just overvalued and junk properties just like Sri Lankan stocks.

What happend in 2009 (the end of war) was a one off thing, it won't repeat for a long time again hopefully. Brokers show the charts of 2009, 2010 showing massive profits from the stock market. It won't happen again.
DOCK would have been around 30s in early 2000s. In 2009 every stock soared up junk or not junk. It happened again in 2010 people got used to that, put money on any stock it will go up. But companies didn't improve. Only thing that changed was their portfolios got fat with the bubble and they started selling those to make profit. Now the stock prices are overvalued. Either company core businesses have to improve massively or share prices have to adjust back.

I dont personally agree with your whole statments. I dont find market is highly overvalued and inwhich circumstance you are saying companies earnings didnt increse as they were expected? Most companies improved a quiet except Hotels. For hotel sector expectation was bit high.

duke wrote:But companies didn't improve. Only thing that changed was their portfolios got fat with the bubble and they started selling those to make profit. Now the stock prices are overvalued. Either company core businesses have to improve massively or share prices have to adjust back.

Companies try to be profitable Every quarter..& with these profits stock prices should also adjust!

bakapandithaya wrote:Yes, should not dispose. mkt may recover this week. not to worry

hehe...if not next week, if not 2 weeks later, if not....

Jana1 wrote:

dumindasn wrote:

Jana1 wrote:

prabath wrote:Lot of negative comments everywhere?Poeple don't panic,dont sell your shares,hold on.This is the final act.Lot of comments will be there for my post.They are all who are soo desperate.Good times ahead.Happy trading........

Always good times ahead. Stock market never fall continuously, it somewhere down the line wake up. If some1 is talented or luckiest then they will swing and double their profit. This market again start to fall unless president make few statements to make short term up. No1 in this world can say this is the final fall...., may be December mid will be worser than now. Wait and cc. I know what happened in 2008. you may not be in the mkt...

Actually What happen in 2008 I was not there at that time.

People always predicting the uptrend. But it was keep on down trend. One day suddenly got up by arnd 100%. It continues till 2011 Feb... People who sold firstday upmarket never buy back and saying it would come down. But it never, Now those shares are 3-4 times expensive than that price. I rember DOCK arnd 28-30 rupees. I dont thnk those Conservative players got back those shares. At that time I was very small player but good mkt watcher. But I learnt good lessons by selling at the initial up. Therafter I always try to sell only small qty when uptrend get over whilst down trend get smile. No1 can predict the mkt... I feel small down trend get started. Will wait and cc...

Thanks for the great explanation.
and thanks for this forum too . . .