ASI 3000 level ??

stockmania wrote:It will never happen. If it happened foreigners will buy all shares in CSE.

Redbulls wrote:Wondering still this thread in the talk section.
To be in the prison.

mrmrehan wrote:Day 2 day market is going down, will it come down to 3000 Level ??

Marketinvest wrote:It may happen, some of the brokers expect the asi to reach 4200 range. We may not be able justify it now but it can happen. The longterm view and the reliability is gone away mainly with foreign investors. Hoping it should never happen at any case. Some analyst also say their is hidden economic crisis that already underway but that is unnoticed by much. Credit card interest rates have gone up by 4% and outstanding credit card bills are 40bn LKR this might even lead to a credit crisis, oil future price is coming down due to weaker Europe demand its 109 usd per barrel today. Euro is depriciating against the dollar. Our local lending rates have gone up, which leads money being pulled out every day and invested in more safer investment like TB. Taxes on essential goods locally are increasing at rate. Finally the Govt runs out of money and issues state soverign bonds at higher rate to run the economy. So many problems than ever before globally and locally, in that sense it may even reach 3000, whatever the indicator and patterns are.
Last not but least, charts are never to be RELIED ON, they are indicators based on past performance and future forecast are based on that. Charts are ideal on a stable environment not in dynamic conditions like current situations

mark wrote:

Marketinvest wrote:It may happen, some of the brokers expect the asi to reach 4200 range. We may not be able justify it now but it can happen. The longterm view and the reliability is gone away mainly with foreign investors. Hoping it should never happen at any case. Some analyst also say their is hidden economic crisis that already underway but that is unnoticed by much. Credit card interest rates have gone up by 4% and outstanding credit card bills are 40bn LKR this might even lead to a credit crisis, oil future price is coming down due to weaker Europe demand its 109 usd per barrel today. Euro is depriciating against the dollar. Our local lending rates have gone up, which leads money being pulled out every day and invested in more safer investment like TB. Taxes on essential goods locally are increasing at rate. Finally the Govt runs out of money and issues state soverign bonds at higher rate to run the economy. So many problems than ever before globally and locally, in that sense it may even reach 3000, whatever the indicator and patterns are.
Last not but least, charts are never to be RELIED ON, they are indicators based on past performance and future forecast are based on that. Charts are ideal on a stable environment not in dynamic conditions like current situations

bro,who are the brokers?
btw good explanation,but 3000 is possible if and only if our economic collapsed

mrmrehan wrote:Day 2 day market is going down, will it come down to 3000 Level ??

rishanpossitive wrote:

mark wrote:

Marketinvest wrote:It may happen, some of the brokers expect the asi to reach 4200 range. We may not be able justify it now but it can happen. The longterm view and the reliability is gone away mainly with foreign investors. Hoping it should never happen at any case. Some analyst also say their is hidden economic crisis that already underway but that is unnoticed by much. Credit card interest rates have gone up by 4% and outstanding credit card bills are 40bn LKR this might even lead to a credit crisis, oil future price is coming down due to weaker Europe demand its 109 usd per barrel today. Euro is depriciating against the dollar. Our local lending rates have gone up, which leads money being pulled out every day and invested in more safer investment like TB. Taxes on essential goods locally are increasing at rate. Finally the Govt runs out of money and issues state soverign bonds at higher rate to run the economy. So many problems than ever before globally and locally, in that sense it may even reach 3000, whatever the indicator and patterns are.
Last not but least, charts are never to be RELIED ON, they are indicators based on past performance and future forecast are based on that. Charts are ideal on a stable environment not in dynamic conditions like current situations

bro,who are the brokers?
btw good explanation,but 3000 is possible if and only if our economic collapsed

this will happen if ASI spli to two one day.

smallville wrote:
Again I'm saying today's green was also artificial..

Marketinvest wrote:It may happen, some of the brokers expect the asi to reach 4200 range. We may not be able justify it now but it can happen. The longterm view and the reliability is gone away mainly with foreign investors. Hoping it should never happen at any case. Some analyst also say their is hidden economic crisis that already underway but that is unnoticed by much. Credit card interest rates have gone up by 4% and outstanding credit card bills are 40bn LKR this might even lead to a credit crisis, oil future price is coming down due to weaker Europe demand its 109 usd per barrel today. Euro is depriciating against the dollar. Our local lending rates have gone up, which leads money being pulled out every day and invested in more safer investment like TB. Taxes on essential goods locally are increasing at rate. Finally the Govt runs out of money and issues state soverign bonds at higher rate to run the economy. So many problems than ever before globally and locally, in that sense it may even reach 3000, whatever the indicator and patterns are.
Last not but least, charts are never to be RELIED ON, they are indicators based on past performance and future forecast are based on that. Charts are ideal on a stable environment not in dynamic conditions like current situations

K&M wrote:
Its nice to have the skepticism and always judge the economy in a pessimistic point of view before making any investments, but some of the statements you have made are clearly in favor of our economy (reduction of oil price) this would largely benefit to layer our massive debt burden. further i would strongly disagree with the comments that some brokers said, guys we are in our crisis periods the right policies have been taken and we are fortunate as well to buy oil at a 15% lower price, so we might see the policies starting to work very quickly and stabilize our massive BOP deficit.

and the other thing is i don't think the bond rates would go up further, and i expect the interest rates also to be reduce in the near future by CB to match up the GDP growth targets already our bond rates our easing. most of us our reluctant to invest because most people optimize their would be a another crisis, what we should remember is we are in a period of crisis and this is the right time to invest we could have thought a about a crisis in feb 2011 where the market was at its peak and everybody thought we were doing fine but the reality was the opposite. Invest now in potential companies which are undervalued i will guarantee you a 100% or maybe more in another 2 to 3 year time. this what the foreigners did and what their keep on doing.

sahan8896 wrote:never below 5000 again.ASI was stable at 5300's week ago and came down due to marginal calls and TFC deal(which is actually not a reason for market to go down,but these things can create panic among inexperienced retailers).Who grabbed the opportunity last week are winners.Market provide opportunities and we should be smart enough to grab them. Yesterday and today low turnovers and bullish patterns in some shares indicate that bulls are winning the battle.Whenever shares are red the smart investors are not willing to sell in panic and trades dry down with turnover too.If you observe order books you'll find out the tricks of bears and how they fail to succeed.It's a long story.Collect slowly and be ready for the bull run which is not far away.

rohanc wrote:We have to consider the current economy situation properly before get the decisions. Actually i am not a negative person. But still I got concerns for below details.

After the war CSE was the one of stock markets in the world. At that time a lot of Local & Foreign investors invested money a lot with CSE. Time to time The government & Media given a fully promotion about the stock mkt & people was very happy to invest in stock mkt in their hard earned money to get a big profit. Most of investors taken off money from their deposits & Invested in stock market.

Now with this crash situation investors haven't got more money to invest in stock mkt. Also new comers are looking another investment ways instead of share mkt.

Old investors with big portfolios have big losses. They have no idea whether shares keep or sell. Because if they keep their shares more time they need 2-3 years to cover their losses. But passed 2-3 years the money hasn't the real value as the present. Also they cant sell their shares because if they sell they will have a bot lost.

As per the past records with few days time foreign investors came to CSE. Now are looking a green light deemly but this is not so good because CSE is a big source for US.

I also think now is the time to buy shares but now i have no money to invest. I know most of share holders present situation as this. If the share mkt will up we need more investors. if not we need to buy more. In the current situation foreign inverters looking for CSE.

I would like to keep this topic for further. Then we can discuss about this. Finally all of we need to up the ASI to cover our losses firstly. Then we can have a profit. Than we go for profits.

Mate whatever the market trend is regardless weather its bullish, bearish or sheep. you should always know how to manage your investment. Stock market is a one source of investment where you can gain capital in the long or short it can be considered as a very profitable and a riskier asset. hence we should always remember to invest only a 40 to 70 % (maximum) no mater how good our economy is and reinvest the remaining in safer places such as FD'S and bonds. if you look at any powerful investor in today world or if you talk to any expert they would give you the same advice.

im sorry to hear that most people ran out of cash to make any sort of investment due to recent market drop. in the future we should always remember these moments and learn from experiences before investing.