To whom it may concern

illuminati · 1 To whom it may concern Tue Mar 13, 2012 6:20 am

illuminati

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The main share index fell 0.58 per cent or 32.81 points to 5,456.27, lowest since 19 February.
“The longer it goes like this with low volume and little activities, the investors who stuck will start to sell off. That’s the worry we have in the retail side and we could see the market drift down below 5,000,” Stefan Juriansz, Technical Analyst at Bartleet Religare Securities in Colombo, said.

The Central Bank on Friday said it will lower its 2012 growth forecast of eight per cent to a figure no lower than seven per cent, and most likely will release the revised forecast with Wednesday’s monetary policy announcement.

Source : FT/13/3/12

smallville · 2 Re: To whom it may concern Tue Mar 13, 2012 6:31 am

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At least one TA admits it after a long pause.. I'm keeping this in talk section for open discussions..

Slstock · 3 Re: To whom it may concern Tue Mar 13, 2012 6:39 am

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Keywords to note

“The longer it goes like this with low volume and little activities"

K.Haputantri · 4 Re: To whom it may concern Tue Mar 13, 2012 8:02 am

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illuminati wrote:
The main share index fell 0.58 per cent or 32.81 points to 5,456.27, lowest since 19 February.
“The longer it goes like this with low volume and little activities, the investors who stuck will start to sell off. That’s the worry we have in the retail side and we could see the market drift down below 5,000,” Stefan Juriansz, Technical Analyst at Bartleet Religare Securities in Colombo, said.

The Central Bank on Friday said it will lower its 2012 growth forecast of eight per cent to a figure no lower than seven per cent, and most likely will release the revised forecast with Wednesday’s monetary policy announcement.

Source : FT/13/3/12

?Does this mean that the bottom is yet to come. What action SEC has taken to improve their "new system" which one reason for current slowdown.

illuminati · 5 Re: To whom it may concern Tue Mar 13, 2012 8:02 am

illuminati

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slstock wrote:
Keywords to note

“The longer it goes like this with low volume and little activities"

Thin volumes will do the trick. It is a matter of time.

Light of Hope · 6 Re: To whom it may concern Tue Mar 13, 2012 9:38 am

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I have a bad feeling about all this... can't express.

Redbulls · 7 Re: To whom it may concern Tue Mar 13, 2012 11:21 am

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Bitter truth no one won't to swallow from last year.

Slstock · 8 Re: To whom it may concern Tue Mar 13, 2012 11:44 am

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Redbulls wrote:Bitter truth no one won't to swallow from last year.

Redbulls,

Yes , we understand that market can go down this way and get into a panic level. Also we agree that market was overvalue at one point and some corrections happened.The current situation and confidence is not good. When a solid trend was forming short term , with the new system introduction the volumes started going down. Thats is a fact. Previous day volume 3.7 Billion ( with crossing) next day onwards we know what happened. There it is game of numbers some people are playing with ASI. Who? And why ? We still see foriegn player has some interest. Local players a different story. Whether uptrend or down trend we seem to go to extremes.

At one time we had 500+ user logged in to this forum. Right now I see around 260. This is also a small indication of participation at CSE.

But the question is until how much should ASI deserve to drop further? What is real reason CSE deserves to go down drastically as some say to 4000 , 3000. What Market PE or ASI does CSE deserve to stabilize at. Especially considering MArch 31 results are aroudn the corner. I am not talking about a bull run , am talking about when will be these drops stopping and then range bound stabilization will happen.

If 5000-5500 will happen for next few months I will be happy.

Else as I mentioned below there will be blood bath. But why ?
http://forum.srilankaequity.com/t16759-asi-4970-vs-5450#110098
http://forum.srilankaequity.com/t16753-is-march-15th-a-good-day-or-bad-day-to-cse#110054

We serious lack some self confidence, determination to meet and face challenges and plan to come out of temporary crisis ( geneva meeting, resolving LLRC etc, trade deficit.) Also these issue are temporariy and can be fixed over time with good foresight and thinking.

Looks like nobody has confidence with anybody in Sri Lanka. Maybe foreigner see something. Maybe thats why they were participating at CSE during these volatile situations. Sad story.

sriranga · 9 Re: To whom it may concern Tue Mar 13, 2012 2:23 pm

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Looks like nobody has confidence with anybody in Sri Lanka

That's the fact.
Thanks slstock for the valuable comments.

anubis · 10 Re: To whom it may concern Tue Mar 13, 2012 5:45 pm

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Thanks slstock! can't agree with you more (even though I don't have the guts to be bold and invest at this point).

Cheers!

manula · 11 Re: To whom it may concern Wed Mar 14, 2012 10:28 am

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slstock wrote:

Looks like nobody has confidence with anybody in Sri Lanka. Maybe foreigner see something. Maybe thats why they were participating at CSE during these volatile situations. Sad story.

what type of thing ??? can you think... I think mainly their long term investors keeping money for many years.. but our locals want the return with in one day... so we are confuse