Can smell something!

dineshfernando · 1 Can smell something! Wed Aug 22, 2012 9:33 pm

dineshfernando

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This run is different than the past fake runs. The reasons are:

1) Many fundamental shares going up gradually. Eg: JKH, SAMP, NTB
2) Foreigners are more confident than before. That's why everyday we see foreign inflows.
3) Slow and steady increase in the past few days.

I feel that the fundamentally sound shares will move up slowly and steadily. There will be some profit taking from time to time. You can win only if you have little patience.

Please don't buy too much on credit. Please don't panic sell.

hariesha · 2 Re: Can smell something! Wed Aug 22, 2012 9:45 pm

hariesha

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Good Advise! If you buy what you can afford, no need to be panic.

As elections are arround the corner and about two/three weeks full of good news it's highly unlikely any upsets.

anubis · 3 Re: Can smell something! Wed Aug 22, 2012 11:31 pm

anubis

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Btw, if the market recovers from now on (i.e. we just passed the bottom), would the graphs / technicals show a double bottom? or any other indicator?

It would be very strange if we cannot fit any of the "bottom-picking" indicators assuming that the market moves up in the coming months...

Cheers!

Light of Hope · 4 Re: Can smell something! Thu Aug 23, 2012 8:08 am

Light of Hope

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hariesha wrote:Good Advise! If you buy what you can afford, no need to be panic.

As elections are arround the corner and about two/three weeks full of good news it's highly unlikely any upsets.

so is it because of the elections? so will it go down after that???? scratch