The Positive outlook dies off

BullFan wrote:Much awaited 5000 barrier breaking hopes are seems once more illusive, as market dipps once more back to the slumps...

sahan8896 wrote:You know little bro.

slstock wrote:
This is not in anyway blowing my horn or to upset anybody. But even with this dip my portfolio is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

Redbulls wrote:

BullFan wrote:Much awaited 5000 barrier breaking hopes are seems once more illusive, as market dipps once more back to the slumps...

Expected.
Remember no one can pull the market to satisfy their desire.
Again and again we'll burn our finger.

slstock wrote:This is not in anyway blowing my horn or to upset anybody. But even with this dip my daily portfolio gain/loss is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

Redbulls wrote:

slstock wrote:
This is not in anyway blowing my horn or to upset anybody. But even with this dip my portfolio is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

That the thing I wish to communicate, Do not concentrate on index, we are not trading/investing on index.
Select the counters and play carefully that's all we need to do.

Dileepa wrote:

Redbulls wrote:

slstock wrote:
This is not in anyway blowing my horn or to upset anybody. But even with this dip my portfolio is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

That the thing I wish to communicate, Do not concentrate on index, we are not trading/investing on index.
Select the counters and play carefully that's all we need to do.

Exactly, Should never concentrate on the index. After a long time my entire portfolio is green.
It is a clear sign of market recovery. But I don't believe that ASI will hit even 5200 within this year.
Just meetings & new credit rules cant make the market up.
Businesses have to move forward and that potential in not there yet.
As always, slow and steady is better than runs.

sahan8896 wrote:

Dileepa wrote:

Redbulls wrote:

slstock wrote:
This is not in anyway blowing my horn or to upset anybody. But even with this dip my portfolio is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

That the thing I wish to communicate, Do not concentrate on index, we are not trading/investing on index.
Select the counters and play carefully that's all we need to do.

Exactly, Should never concentrate on the index. After a long time my entire portfolio is green.
It is a clear sign of market recovery. But I don't believe that ASI will hit even 5200 within this year.
Just meetings & new credit rules cant make the market up.
Businesses have to move forward and that potential in not there yet.
As always, slow and steady is better than runs.

Market will be well above 5200 end of this year.Next week there will be more drama.Due to CARS and BUKI momentum changed and market could't break 5000.End of next week we'll be above 5000.Good thing to note is now most share's want trade according to index now.Some are continuing their own journey.Ex: WAPO,GLASS.......BTW you have great shares at discount price.GUAR,LCEY,BRWN will give you huge gains.

sahan8896 wrote:

Dileepa wrote:

Redbulls wrote:

slstock wrote:
This is not in anyway blowing my horn or to upset anybody. But even with this dip my portfolio is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

That the thing I wish to communicate, Do not concentrate on index, we are not trading/investing on index.
Select the counters and play carefully that's all we need to do.

Exactly, Should never concentrate on the index. After a long time my entire portfolio is green.
It is a clear sign of market recovery. But I don't believe that ASI will hit even 5200 within this year.
Just meetings & new credit rules cant make the market up.
Businesses have to move forward and that potential in not there yet.
As always, slow and steady is better than runs.

Market will be well above 5200 end of this year.Next week there will be more drama.Due to CARS and BUKI momentum changed and market could't break 5000.End of next week we'll be above 5000.Good thing to note is now most share's want trade according to index now.Some are continuing their own journey.Ex: WAPO,GLASS.......BTW you have great shares at discount price.GUAR,LCEY,BRWN will give you huge gains.

econ wrote:
why should market go up when financials of most firms show that significant profit dip for 2nd quarter?

Antonym wrote:

econ wrote:
why should market go up when financials of most firms show that significant profit dip for 2nd quarter?

Companies that have released results so far: 34
Profits of these companies for June 2012 Quarter: Rs 10.1 billion
Profits of these companies for June 2011 Quarter: Rs 8.5 billion
Increase in Profits: 19%

Antonym wrote:

econ wrote:
why should market go up when financials of most firms show that significant profit dip for 2nd quarter?

Companies that have released results so far: 34
Profits of these companies for June 2012 Quarter: Rs 10.1 billion
Profits of these companies for June 2011 Quarter: Rs 8.5 billion
Increase in Profits: 19%

slstock wrote:

Antonym wrote:
Companies that have released results so far: 34
Profits of these companies for June 2012 Quarter: Rs 10.1 billion
Profits of these companies for June 2011 Quarter: Rs 8.5 billion
Increase in Profits: 19%

Antonym,
Presume these profits are considered when you take out the off gain of last year. Also is CARS/BUKI considred yet (there is some announcement with results but no official report)? I did not have time to keep tab, but according to your calculations so far so good then.

seek wrote:

slstock wrote:This is not in anyway blowing my horn or to upset anybody. But even with this dip my daily portfolio gain/loss is slightly on the green side ( Don;t know whether it will last if the drop goes on for few days. Let watch where it closes above 4920 today)

Think it will be best to concentrate on slower running, fundamentally strong counter for the future. Gambling shares can bring you higher profit but the risk is much greater in a fall. All this is for only the medium to long term investor, trading is another game.

It seems you are enjoying the GLAS run (just a guess ). There are only five stocks in my portfolio all were picked as long term growth counters. Only one is RED. Others are in GREEN zone today.

There are three stocks to be picked in the next round but waiting for the right time.

Antonym wrote:

slstock wrote:

Antonym wrote:
Companies that have released results so far: 34
Profits of these companies for June 2012 Quarter: Rs 10.1 billion
Profits of these companies for June 2011 Quarter: Rs 8.5 billion
Increase in Profits: 19%

Antonym,
Presume these profits are considered when you take out the off gain of last year. Also is CARS/BUKI considred yet (there is some announcement with results but no official report)? I did not have time to keep tab, but according to your calculations so far so good then.

CARS & BUKI's abysmal results have not been considered in the above figures; those could alter the overall picture completely.

econ wrote:

Antonym wrote:

slstock wrote:

Antonym wrote:
Companies that have released results so far: 34
Profits of these companies for June 2012 Quarter: Rs 10.1 billion
Profits of these companies for June 2011 Quarter: Rs 8.5 billion
Increase in Profits: 19%

Antonym,
Presume these profits are considered when you take out the off gain of last year. Also is CARS/BUKI considred yet (there is some announcement with results but no official report)? I did not have time to keep tab, but according to your calculations so far so good then.

CARS & BUKI's abysmal results have not been considered in the above figures; those could alter the overall picture completely.

that is the true picture of the profitablility of sri lankan companies for 2nd quarter..
my argument is that for most companies profitability have eroded significantly due to high interest cost and lower exchange rate.
I think banking sector profits will be a major disaster for next few quarters..

slstock wrote:

econ wrote:

Antonym wrote:

slstock wrote:

Antonym wrote:
Companies that have released results so far: 34
Profits of these companies for June 2012 Quarter: Rs 10.1 billion
Profits of these companies for June 2011 Quarter: Rs 8.5 billion
Increase in Profits: 19%

Antonym,
Presume these profits are considered when you take out the off gain of last year. Also is CARS/BUKI considred yet (there is some announcement with results but no official report)? I did not have time to keep tab, but according to your calculations so far so good then.

CARS & BUKI's abysmal results have not been considered in the above figures; those could alter the overall picture completely.

that is the true picture of the profitablility of sri lankan companies for 2nd quarter..
my argument is that for most companies profitability have eroded significantly due to high interest cost and lower exchange rate.
I think banking sector profits will be a major disaster for next few quarters..

Maybe it is a good time to identify strong companies during bad economic conditions?