Dont buy yet - weak

Humble · 1 Dont buy yet - weak Fri Aug 30, 2013 6:20 am

Humble

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Be careful. Just because the ASPI goes up one day, doesnt mean you should jump right in. In my opinion its still not a good time to get in.

Collect good shares (with good fundamentals). If you are not an experienced analyst, at least go to the CSE website and check if the net profit for the last quarter has been up & if the NAV is not considerably over the current trading price

Some companies could inflate the net profit due to a one-off sale etc so this is not adequate analysis but at least it will make sure that you stay away from most rubbish companies

I still think ASPI will come to at least 5600 so dont get back in yet. Market turnover seemed very weak.

Just my opinion. I want this market to do well - I have no ulterior motive. But I have seen far too many people burn themselves by getting into the wrong shares at the wrong time.

mark · 2 Re: Dont buy yet - weak Fri Aug 30, 2013 7:21 am

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is your opinion changes if mkt rise by over 50 units today?

traderathome · 3 Re: Dont buy yet - weak Fri Aug 30, 2013 8:22 am

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Yesterday GREEN was expected after previous day Losses on INDEX.
Bargain Hunters rushing in as usual to BUY cheap.
I am not pinning too much Today

Market could fall further or close flat IMO.

Opinions are the Mother of All FUs Smile

TAH

sandunj · 4 Re: Dont buy yet - weak Fri Aug 30, 2013 9:32 am

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@ Humble,
Agreed with you,always better to go with good stocks. I feel market will turnaround to some extend and have a little hope about Super september also. Atleast first two weaks. Happy trading...

Redbulls · 5 Re: Dont buy yet - weak Fri Aug 30, 2013 10:24 am

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I appreciate your balanced view.

Humble · 6 Re: Dont buy yet - weak Fri Aug 30, 2013 10:44 am

Humble

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mark wrote:is your opinion changes if mkt rise by over 50 units today?

I doubt whether it will move up - my opinion only changes due to relevant factors (for example macro-economic factors such as exchange rate movement) which may influence the market

I think it'll be a good time to enter in a few weeks - maybe by the 10th of next month it'll touch the bottom and we can all collect at cheaper prices

But I urge everyone to only get into well-managed companies with good fundamentals - otherwise you will lose money

I will stop mentioning any share because people accuse me of promoting shares

sandunj · 7 Re: Dont buy yet - weak Fri Aug 30, 2013 11:04 am

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I doubt whether it will move up - my opinion only changes due to relevant factors (for example macro-economic factors such as exchange rate movement) which may influence the market

I think it'll be a good time to enter in a few weeks - maybe by the 10th of next month it'll touch the bottom and we can all collect at cheaper prices

But I urge everyone to only get into well-managed companies with good fundamentals - otherwise you will lose money

I will stop mentioning any share because people accuse me of promoting shares[/quote]

Ha ha...
Wellcome back humble,
Humble= silent

Just a joke ok. Anyway no need to mention we remembered those stocks with by-hard. I think problem you had was create new posts about some stocks in regular basis.

Humble · 8 Re: Dont buy yet - weak Fri Aug 30, 2013 11:35 am

Humble

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sandunj wrote:I doubt whether it will move up - my opinion only changes due to relevant factors (for example macro-economic factors such as exchange rate movement) which may influence the market

I think it'll be a good time to enter in a few weeks - maybe by the 10th of next month it'll touch the bottom and we can all collect at cheaper prices

But I urge everyone to only get into well-managed companies with good fundamentals - otherwise you will lose money

I will stop mentioning any share because people accuse me of promoting shares

Ha ha...
Wellcome back humble,
Humble= silent

Just a joke ok. Anyway no need to mention we remembered those stocks with by-hard. I think problem you had was create new posts about some stocks in regular basis.[/quote]
Yes I was getting used to the website and thought it got deleted every week - now I know how the site works Smile

Yes I mentioned it too many times - I agree and I wish to apologize to the admins and users

mark · 9 Re: Dont buy yet - weak Sat Aug 31, 2013 1:24 pm

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Humble wrote:

mark wrote:is your opinion changes if mkt rise by over 50 units today?

I doubt whether it will move up - my opinion only changes due to relevant factors (for example macro-economic factors such as exchange rate movement) which may influence the market

I think it'll be a good time to enter in a few weeks - maybe by the 10th of next month it'll touch the bottom and we can all collect at cheaper prices

But I urge everyone to only get into well-managed companies with good fundamentals - otherwise you will lose money

I will stop mentioning any share because people accuse me of promoting shares

opps, i bought Asco at 100, clpl w14 at 1rs, clpl w13 at 0.9 ,nest at 2010, cins at 1050

what should i do with them?

my friend, you cant say that you can buy some shares at your desired prices when if and only if mkt go to 5500,

look the shares, index is only a trend setter.