Dont panic market will green tommorow

tubal wrote:Wis, I've posted another thread where I argue that the market has actually been declining for a week. http://forum.srilankaequity.com/t1431-the-market-has-been-declining-for-a-month

I too think the market might stage a recovery tommorow or maybe monday. However, I am not sure if that will actually result in the index been up! I suspect that the index might be down but a lot of the oversold shares will bounce back up. But As I mentioned in the other thread. I doubt if the prices will remain up for too long. They will recover and then the credit clearance will wipe out some of those gains. An ideal situation for swing traders.

I hope to collect some shares , bargain levels like this will not be availabe next week.

Aamiable wrote:
I hope to collect some shares , bargain levels like this will not be availabe next week.

MarketResearch wrote:Are we lucky enough to see a green market tomorrow itself?

wiser wrote:sure after 11.45 hrs

MarketResearch wrote:

wiser wrote:sure after 11.45 hrs

Machan,
"Rahu Kalaya" tiyenne morning time ekeda?

$$$ wrote:Don't lose sleep nothing to worry....I have got a few losses as well....it will bounce back

madu1977 wrote:March end 50% credit clearence.may be brokers started force selling.dont panic this is normal situation.stick with solid fundamentals.you will be win win situation.dont forget banking rally on the card saylan may be on of the best run now saylan discounted price.when market red buy ....buy then you can sell when green...did you seen end of last year one day market drop almost 300 + point this kind of situation part and parcel of all over the world......be happy good time on the card.

npp wrote:

$$$ wrote:Don't lose sleep nothing to worry....I have got a few losses as well....it will bounce back

those words really help mate. pls post the same tomo night if it dusnt bounce back

I am in for more mid-long term and wasnt bothered about the daily ups n down till today.
I have been through a couple of same phases bt i cant convince myself

portfolio went down by around 5% today and more into red. helped massively by SEYB

tubal wrote:There is 160 shares trading below the February 3 price. Only 60 shares are above the February 3 price.

ShareShares wrote:

npp wrote:

$$$ wrote:Don't lose sleep nothing to worry....I have got a few losses as well....it will bounce back

those words really help mate. pls post the same tomo night if it dusnt bounce back

I am in for more mid-long term and wasnt bothered about the daily ups n down till today.
I have been through a couple of same phases bt i cant convince myself

portfolio went down by around 5% today and more into red. helped massively by SEYB

There was no evidence of a correction, correction to occur most of the liquid shares have not gone up yet, JKH COMB etc are yet to perform, it is mainly panic selling, there were some large scale crossings in COMB and SAMP, some large scale funds create a panic situation to collect large quantity of liquid shares at a low level. When the retailers panic there are large scale crossings going on. This is an interesting situation to observe. I will not panic sell if at all collect some if possible when the market is low.