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Market will be continue in RED
The Broker firms are calling all the customers and forcing them to sell in order to clear the debts.even those who have small debts also asked to sell(like me).
My advisor says try to sell today then wait and buy in low price .Market will be continue in RED for few days or end of this month(Like OCTOBER , NOVEMBER 2010) thats why today I also sell more stock for clear my debts and make huge loss.
I had some debts in DECEMBER end. So I asked the my broker to keep that credit level continuously . but they told me you should clear whaterer you have in credit. because accoridng the SEC rules you can't keep credit facilities more than 3 days after and they expect Market come down further atleast ASI 6800 points. So they are not allowed to keep.
and my broker firm also says some reasons to go down the market next few days.
1. Debt clearance and reducing buying power by 50% for Credit buyers (more than 100 billion ruppees buying power loosing for investors)
2. Big players profit taking.
3. new IPO s one by one
4. MAR 19 th world (srilanka also) expecting natural Disaster.
5. According to the Technical analyse basis ASI getting down up to 6800 or further.
What do you thing guys !!! this market only for the big fishes ( I couldn't swim inthis tsunami waves)
The Broker firms are calling all the customers and forcing them to sell in order to clear the debts.even those who have small debts also asked to sell(like me).
My advisor says try to sell today then wait and buy in low price .Market will be continue in RED for few days or end of this month(Like OCTOBER , NOVEMBER 2010) thats why today I also sell more stock for clear my debts and make huge loss.
I had some debts in DECEMBER end. So I asked the my broker to keep that credit level continuously . but they told me you should clear whaterer you have in credit. because accoridng the SEC rules you can't keep credit facilities more than 3 days after and they expect Market come down further atleast ASI 6800 points. So they are not allowed to keep.
and my broker firm also says some reasons to go down the market next few days.
1. Debt clearance and reducing buying power by 50% for Credit buyers (more than 100 billion ruppees buying power loosing for investors)
2. Big players profit taking.
3. new IPO s one by one
4. MAR 19 th world (srilanka also) expecting natural Disaster.
5. According to the Technical analyse basis ASI getting down up to 6800 or further.
What do you thing guys !!! this market only for the big fishes ( I couldn't swim inthis tsunami waves)
