To where from here?

mark · 1 To where from here? Wed May 23, 2012 8:41 pm

mark

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guys,we all having losses in our PFs,but last time market turns at 5000 levels and reached 5500 giving more returns to bargain hunters,i saw some ridiculous sell offs in some counters,order books are dried mainly in illiquids(may be people shift from unworthy illiquids Smile

)

anyway where we heading to?

sure not to 4700 Smile

hunter · 2 Re: To where from here? Wed May 23, 2012 9:36 pm

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These days it is better to bet on where ASI would go rather than investing.
Someone, pls suggest this to those cricket bookies arrived here for SLPL.

Anyway, my prediction is 4400~4500 and bottom out.

bullrun · 3 Re: To where from here? Thu May 24, 2012 1:09 am

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Foreigners are net buyers for several days including today. Sometimes they may be pushing down the market by selling some counters at low price withe intention of collecting. However, we are panic. But they buy slowly. We have Think and act wisely. there is no big threat to the market. This situation is outside the market forces. Companies are doing well. Foreigners are coming, definitely must go up.

sahan8896 · 4 Re: To where from here? Thu May 24, 2012 7:13 am

sahan8896

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bullrun wrote:Foreigners are net buyers for several days including today. Sometimes they may be pushing down the market by selling some counters at low price withe intention of collecting. However, we are panic. But they buy slowly. We have Think and act wisely. there is no big threat to the market. This situation is outside the market forces. Companies are doing well. Foreigners are coming, definitely must go up.

No need to panic yesterday JKH and SPEN together pushed down ASI by around 80 points,and the high turnover wasn't due to panic selling,COMB,JKH and DFCC contributed to around 550 million.BTW after 11 a.m till close index was flat.Nothing to worry I think JKH would bounce back today with the indexes.

Antonym · 5 Re: To where from here? Thu May 24, 2012 9:58 am

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My opinion on the ASI is that the downside would be limited to 5-10%. However, the potential for appreciation is good.

At these levels, I would be a buyer, not a seller - depending on what shares I am holding, of course...

bullrun · 6 Re: To where from here? Thu May 24, 2012 11:22 am

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People will try to push down with the intention of collecting in bulk. Be careful try to consolidate. Don,t be panic. Market will re bounce soon.

dindon1 · 7 Re: To where from here? Thu May 24, 2012 12:41 pm

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only upward from here.,
Dont panic and sell short.,
Some cunning people try to put the market purposely down and collect as they know it will go up (I noticed this just before happening with HVA).,
there is no big issue to CSE to go dramatically down.,
Exchange Rate is settling down and Bond rates started downward trend,.
Also there are two sides of exchange rate movements.,Some companies will show large gains once they adjust the exchange rate.,(today we got JKH adjusted results and it was massive some 60% increase) So that is something in the pipe line too.,
Also there will be more sales for export oriented companies as the exchange rate attracts for more production.,We did not see employees ask for massive pay rises according to CPI increase.,
Market PER also reaching towards healthy levels
Dont panic and sell short!!!!

Last edited by dindon1 on Thu May 24, 2012 11:39 pm; edited 1 time in total

hariesha · 8 Re: To where from here? Thu May 24, 2012 6:37 pm

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sahan8896 wrote:

bullrun wrote:Foreigners are net buyers for several days including today. Sometimes they may be pushing down the market by selling some counters at low price withe intention of collecting. However, we are panic. But they buy slowly. We have Think and act wisely. there is no big threat to the market. This situation is outside the market forces. Companies are doing well. Foreigners are coming, definitely must go up.

No need to panic yesterday JKH and SPEN together pushed down ASI by around 80 points,and the high turnover wasn't due to panic selling,COMB,JKH and DFCC contributed to around 550 million.BTW after 11 a.m till close index was flat.Nothing to worry I think JKH would bounce back today with the indexes.

GOOD OBSERVATION

sriranga · 9 Re: To where from here? Thu May 24, 2012 8:44 pm

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hariesha wrote:

sahan8896 wrote:

bullrun wrote:Foreigners are net buyers for several days including today. Sometimes they may be pushing down the market by selling some counters at low price withe intention of collecting. However, we are panic. But they buy slowly. We have Think and act wisely. there is no big threat to the market. This situation is outside the market forces. Companies are doing well. Foreigners are coming, definitely must go up.

No need to panic yesterday JKH and SPEN together pushed down ASI by around 80 points,and the high turnover wasn't due to panic selling,COMB,JKH and DFCC contributed to around 550 million.BTW after 11 a.m till close index was flat.Nothing to worry I think JKH would bounce back today with the indexes.

GOOD OBSERVATION

23/05/2012
To where from here? Cont12

sahan8896 · 10 Re: To where from here? Thu May 24, 2012 9:07 pm

sahan8896

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sriranga wrote:

hariesha wrote:

sahan8896 wrote:

bullrun wrote:Foreigners are net buyers for several days including today. Sometimes they may be pushing down the market by selling some counters at low price withe intention of collecting. However, we are panic. But they buy slowly. We have Think and act wisely. there is no big threat to the market. This situation is outside the market forces. Companies are doing well. Foreigners are coming, definitely must go up.

No need to panic yesterday JKH and SPEN together pushed down ASI by around 80 points,and the high turnover wasn't due to panic selling,COMB,JKH and DFCC contributed to around 550 million.BTW after 11 a.m till close index was flat.Nothing to worry I think JKH would bounce back today with the indexes.

GOOD OBSERVATION

23/05/2012

Sisirnga, this chart is from CSE site,But it's absolutely wrong,when jkh go down by six rupees is help the ASI GO DOWN AROUND 40 units,same with SPEN.there's something terribly wrong.

sahan8896 · 11 Re: To where from here? Thu May 24, 2012 9:37 pm

sahan8896

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On 23rd jkh( open price 202,closed price 196 )
spen( open price 112,close price 108.70)
but above graph shows -13.88 and -5.93 effect.It's wrong.On 23rd they contributed around -80 units to index.