Watch Carefully

Rapaport · 1 Watch Carefully Thu Sep 27, 2012 2:07 pm

Rapaport

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There was plenty of smart money moving in since beginning of this year and foreigners were a major part of this. Whilst we still see similar foreign inflow and more smart money in the last few weeks, there is sustained increased turnover around a billion rupees or more. I feel institutional buyers are making a back door entry and this is evident today aswell.

Retailers and new comers seem to be have been left clueless regarding the direction of the market as most of them want GREEN forever but market is taking its own time and course.

I feel it may take a few weeks before market explodes into the next stage and this will include more institutional buy, retail play, new comers, foreign buy. This may coincide with a positive budget, interest rate fluctuations, positive company earnings, positive economic/development news, positive global news, positive tourism numbers, stable currency and to end the year with a sigh of relief. 2013 and 2014 are expected to produce good growth in company results. In short the worst maybe moving behind us. Sri Lanka seems to be entering the start of a new cycle in the coming months.

For a small dose of good news ahead:

Policy measures showing results; Economy gearing up for high growth amidst a gloomy global outlook…

http://tinyurl.com/8t5j9r4

Some may want to read the full report which can be downloaded.

Cheers!

kalum · 2 Re: Watch Carefully Thu Sep 27, 2012 3:17 pm

kalum

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Excelent. Thanks Rapaport

K.Haputantri · 3 Re: Watch Carefully Thu Sep 27, 2012 3:20 pm

K.Haputantri

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I too feel the same way but can these fellows be consistant in the economic policy management? Thats the big question to be answered by them by deed, not by word. If another election comes the policies will be in tatters.

Slstock · 4 Re: Watch Carefully Thu Sep 27, 2012 3:34 pm

Slstock

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K.Haputantri wrote:I too feel the same way but can these fellows be consistant in the economic policy management? Thats the big question to be answered by them by deed, not by word. If another election comes the policies will be in tatters.

With the budget coming, things might be kept more positive I suppose.

anubis · 5 Re: Watch Carefully Thu Sep 27, 2012 11:59 pm

anubis

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I'm being an angler in this market... don't want to jump in with the whole net stretched, I'll be happy with the few occasional catches...

Most of the stocks I'm watching have RSI values above 70/80... that doesn't mean they can't appreciate further, but I don't want to take the risk. Will wait till the market settles down (either above or below the current levels).

Btw, how's the forum activity? up or down? seems a bit too silent.

Cheers!