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Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 12:53 pm
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 1:03 pm
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 1:22 pmOk great, Only Lockdown issue Time to buy cheap stocks from non affected industriesDOCSAGENCY wrote:LD SOON
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 1:27 pm Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 1:34 pm
This is not the real situation on the country Wed Oct 21, 2020 1:57 pm
shihan 93 wrote:Just for new comers:
The Hon. Minsiter of Health Pavithra Wanniarachchi reitarates that there is no community spread of the #COVID19 virus.
#9thparliamentLK #SLparliament #LKA #COVID19
Today
So if you just selling and going out of CSE,its a big lose for now, but if u buy low and sell moderately high its ur gain
judecroos likes this post
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 1:58 pm Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 2:32 pm
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 2:37 pm
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 2:39 pmshihan 93 wrote:Just for new comers:
The Hon. Minsiter of Health Pavithra Wanniarachchi reitarates that there is no community spread of the #COVID19 virus.
#9thparliamentLK #SLparliament #LKA #COVID19
Nuwancha likes this post
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 3:08 pmto turn it upwards, it is 50:50 (but definitely it will not recover within tomorrow ,recover means come to the point we had today morning).Kipling wrote:Xhunter - TO 3.2 Bn. Recovery tomorrow??
RJ1010 likes this post
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 5:26 pmI agree with it comes to 1 point and any thing could happen tomorrow. Even I sold most of shares except for KVAL and NDB till yesterday. But unlike the last time I see a manipulation this time. Last time every one got scared due to Brandix, But there wasn't any major news except curfew in selected areas. I feel this mainly done by big traders so, they could buy low . Any way I didnt sell any share today and bought later half of the day. Lets see tomorrowxhunter wrote:to turn it upwards, it is 50:50 (but definitely it will not recover within tomorrow ,recover means come to the point we had today morning).Kipling wrote:Xhunter - TO 3.2 Bn. Recovery tomorrow??
this is how get a hint by from turnover.
if TO< 2.5bn then it is 20:80 (turn up: further down)
TO> 4bn it is 80:20
if turnover around 3bn it is 50:50 , tomorrow their will be new sellers, and last 15 minutes it shows that buyers also agreed to buy just above the current prices.
anyway, IMO investors should not react to this kind of development, but swing traders usually do.
people who try to inject cash to market should closely monitor if they really want to buy at the optimal point.
last time we were too sure that it is just panic selling triggered by an event.
this time it is not, it was developed slowly (that's why last two days turnover was somewhere around 2.5bn , some solid shares like TYKO,RCL,LMF started to drop).
you might think that i just say these things after this happened , no last two days trading pattern and turnover hints me to react on some counters (I am 20% swing trader, 80% investor).
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 5:29 pm@RJ1010 we all know covid is spreading fast, But if there isn't islandwide curfew, not any exponential growth in covid cases, Damage is minimum right ?RJ1010 wrote:shihan 93 wrote:Just for new comers:
The Hon. Minsiter of Health Pavithra Wanniarachchi reitarates that there is no community spread of the #COVID19 virus.
#9thparliamentLK #SLparliament #LKA #COVID19
No community spread... the catch word these days
God bless our health minister
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 5:35 pm Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 7:43 pm
shihan 93 wrote:Just for new comers:
The Hon. Minsiter of Health Pavithra Wanniarachchi reitarates that there is no community spread of the #COVID19 virus.
#9thparliamentLK #SLparliament #LKA #COVID19
Today
So if you just selling and going out of CSE,its a big lose for now, but if u buy low and sell moderately high its ur gain
invest thinker likes this post
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 8:00 pm@anges What you think is decline in share price tomorrow or whole week ?anges wrote:as i said before ...if you have holding power please hold ..others sell and wait for better days
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Wed Oct 21, 2020 8:03 pmMr. X , You think tomorrow and this week what will happen ?, What is your thought processMr. X wrote:shihan 93 wrote:Just for new comers:
The Hon. Minsiter of Health Pavithra Wanniarachchi reitarates that there is no community spread of the #COVID19 virus.
#9thparliamentLK #SLparliament #LKA #COVID19
Today
So if you just selling and going out of CSE,its a big lose for now, but if u buy low and sell moderately high its ur gain
Covid is already there with us from the beginning and it has become part of us. Since the testings are heavy these days, they identified more people. So there is nothing to be panic or get shock. live your life as past 3 months.. but follow the safety precautions to control the spread until vaccine comes.
be wise and trade with confident.
judecroos likes this post
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Thu Oct 22, 2020 1:41 pm Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Thu Oct 22, 2020 1:59 pmshihan 93 wrote:@angues , @Mr. X Whats your thoughts for tomorrow ?
Kipling and invest thinker like this post
Re: Market drop is due to lockdown (anticipating a lockdown) or also some other factors? Thu Oct 22, 2020 7:55 pmYes, 20th amendment will also add some fuel even though it has no direct link to economy. that is how market worksMr. X wrote:shihan 93 wrote:@angues , @Mr. X Whats your thoughts for tomorrow ?
to be honest i'm little surprised to see the market today. I was expecting it will go further down but it's recovering.. (happy news) Specially the shares which has good fundamentals for growth.. this will continue for tomorrow and next week, unless the government impose a curfew during this weekend for Colombo district.. if no curfew no panic sales.. but it's very unlikely to put curfew since AL exams are going on... so i hope this recovery trend will continue until market consolidate... expecting the ASPI to hit 5850 by tomorrow.
my simple thought since you asked.
judecroos likes this post
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