We are going too much fast

Jana1 wrote:
With 11 years f experience you would have seen many down and uptrend. So finally what do u think? My years f experience as not same as u. But I feel early stage was a symptom of manipulation, now it seems fundamental driven, every1 planning to join rally rather waiting more. I thk if econmic factors turn around within 3 months we cant stop this rally. Only negative news can turn around this mkt...

Chanuque wrote:Quenching an extreme thirst after a long walk in the dessert .. So does the market .. This run is unstoppable .. !

UKboy wrote:

Jana1 wrote:
With 11 years f experience you would have seen many down and uptrend. So finally what do u think? My years f experience as not same as u. But I feel early stage was a symptom of manipulation, now it seems fundamental driven, every1 planning to join rally rather waiting more. I thk if econmic factors turn around within 3 months we cant stop this rally. Only negative news can turn around this mkt...

I would run naked in Pettah high street if someone prove me that this run purely because market was over corrected. Hell no..! Even though some counters (LOLC, KAPI, GRAN, ACL etc) were severely over corrected, as a one unit, our market was not far from where it should be.
In 2001 market PE was below 5.0..!! (Ok there was a war).

Someone can argue that KAPI did not make any money but for Rs 15, I must say it was over corrected.

Regarding the market , Well..... Jana1 you know it's not nice to tell what I feel at the moment. Many people still holding some unrealise losses. Let me give you one hint. I have not sold anything I bought 2 weeks before. (eventhough all looking shiny Green)

But I have not bought anything last week or this week except one speculative counter (not GREG).

sahan8896 wrote:

UKboy wrote:

Jana1 wrote:
With 11 years f experience you would have seen many down and uptrend. So finally what do u think? My years f experience as not same as u. But I feel early stage was a symptom of manipulation, now it seems fundamental driven, every1 planning to join rally rather waiting more. I thk if econmic factors turn around within 3 months we cant stop this rally. Only negative news can turn around this mkt...

I would run naked in Pettah high street if someone prove me that this run purely because market was over corrected. Hell no..! Even though some counters (LOLC, KAPI, GRAN, ACL etc) were severely over corrected, as a one unit, our market was not far from where it should be.
In 2001 market PE was below 5.0..!! (Ok there was a war).

Someone can argue that KAPI did not make any money but for Rs 15, I must say it was over corrected.

Regarding the market , Well..... Jana1 you know it's not nice to tell what I feel at the moment. Many people still holding some unrealise losses. Let me give you one hint. I have not sold anything I bought 2 weeks before. (eventhough all looking shiny Green)

But I have not bought anything last week or this week except one speculative counter (not GREG).

Well said man.Who talked about market manipulated up and barriers and resistance are now vanished and bull are ruling.Nothing wrong with market yet. Fundamental shares going up with foreign buying.There's long way to go.Crap and speculative shares haven't moved much yet.There's no dumping yet.When they start to run and dumped( trading high volumes with higher price level) will give the first signal of the end of bull run.So long way to go. Do you think our local players will watch fundamental shares go up and then wait till they fall to dump their shares? No.We have long way to go.

D.G.Dayaratne wrote:I also feel we are going too fast.

THIS ALSO MAY BE MARKET CORRECTION PROCESS because SOME
PEOPLE MANIPULATED THE MARKET AGAINST MRS I.S AND DR K DU
RING LAST PERIOD
HOWEVER TODAY FOREIGN PURCHASES
OVER 1 BILLION
We should not allow Dr Harsha and others to mislead Investors
.

stockback wrote:please give your comments.