ASI - coming week

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ASI - coming week

Postby stocker » Mon Feb 02, 2015 5:16 pm

Dear Shark,

What do you think about the ASI in coming days?

Thanks and regards,

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Re: ASI - coming week

Postby RM8593 » Mon Feb 02, 2015 6:29 pm

Good question...

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Re: ASI - coming week

Postby naweenbuddhika » Mon Feb 02, 2015 7:02 pm

may be again down bt not like this around 50 or 60 units

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Re: ASI - coming week

Postby RPPA » Mon Feb 02, 2015 10:48 pm

Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.

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Re: ASI - coming week

Postby RM8593 » Thu Feb 05, 2015 1:21 am

RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.


As per your explanation RPPA, I can clear some of my doubts.
But if some stocks are over valued, How can ASI go for a positive reversal?

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Re: ASI - coming week

Postby stocker » Thu Feb 05, 2015 7:52 am

RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.



Hey is this Our RPPA? I am glad that you also join this forum. Now my favorite experts SHARKI AND RPPA both are on this forum.

:D

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Re: ASI - coming week

Postby RPPA » Thu Feb 05, 2015 7:58 am

RM8593 wrote:
RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.


As per your explanation RPPA, I can clear some of my doubts.
But if some stocks are over valued, How can ASI go for a positive reversal?


Do not think about them (COMB,HHL). The overall market has lot room to appreciation. The so called overvalued stocks will still move up though. :-D

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Re: ASI - coming week

Postby RM8593 » Thu Feb 05, 2015 9:22 am

RPPA wrote:
RM8593 wrote:
RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.


As per your explanation RPPA, I can clear some of my doubts.
But if some stocks are over valued, How can ASI go for a positive reversal?


Do not think about them (COMB,HHL). The overall market has lot room to appreciation. The so called overvalued stocks will still move up though. :-D


I will take your word seriously. ..
O:-)

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Re: ASI - coming week

Postby SHARK » Thu Feb 05, 2015 9:25 am

I made the thread sticky, so it will appear on top :D
Lets make this official thread for ASI :)
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Re: ASI - coming week

Postby RM8593 » Thu Feb 05, 2015 9:31 am

SHARK wrote:I made the thread sticky, so it will appear on top :D
Lets make this official thread for ASI :)


Sounds Good...
:idea:

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Re: ASI - coming week

Postby SHARK » Thu Feb 05, 2015 9:50 am

asi.png


A more colored Harmonic Price Pattern :D
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Re: ASI - coming week

Postby SHARK » Thu Feb 05, 2015 11:08 am

Cash is KING, who has money should enter the market and buy cautiously after evaluating the hard hit shares... they will smile in the periods ahead :D
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Re: ASI - coming week

Postby wmdcf » Thu Feb 05, 2015 11:18 am

SHARK wrote:Cash is KING, who has money should enter the market and buy cautiously after evaluating the hard hit shares... they will smile in the periods ahead :D


Thanks Shark!
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

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Re: ASI - coming week

Postby RPPA » Thu Feb 05, 2015 11:45 am

RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.


For the moment at least the discounted lot sale is finished . Hope we could finish ASI 20 points up minimum today. :-D

In my view there are 3 key stocks showing negativity. JKH,DFCC & NDB. If these can break the rhythm we are on track to break the hearts of extremist who wanted ASI to come down to 6,500 or even ASI below 7,000. :razz:

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Re: ASI - coming week

Postby SHARK » Thu Feb 05, 2015 11:56 am

You are absolutely correct.
Thats why i posted a NDB chart
DFCC is a good buy around 200.
Technically its a giving an opportunity to bounce off, all depends on overall sentiments. :-?

JKH i bought @215 & 200.5
I will collect more, if opportunity arise
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Re: ASI - coming week

Postby RPPA » Thu Feb 05, 2015 2:00 pm

RPPA wrote:
RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.


For the moment at least the discounted lot sale is finished . Hope we could finish ASI 20 points up minimum today. :-D

In my view there are 3 key stocks showing negativity. JKH,DFCC & NDB. If these can break the rhythm we are on track to break the hearts of extremist who wanted ASI to come down to 6,500 or even ASI below 7,000. :razz:


Foks. We are on track. Momentum is shifting.Stik tide :o

Looks like we are going to close ASI more than 40 points up. :ymhug:

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Re: ASI - coming week

Postby fire » Thu Feb 05, 2015 2:06 pm

RPPA wrote:
RPPA wrote:
RPPA wrote:Technically the market is in a oversold position overall. But some one can argue that certain stocks are still overvalued.

Wednesday the market got to reverse.It is high time now as this is panic nothing else.


For the moment at least the discounted lot sale is finished . Hope we could finish ASI 20 points up minimum today. :-D

In my view there are 3 key stocks showing negativity. JKH,DFCC & NDB. If these can break the rhythm we are on track to break the hearts of extremist who wanted ASI to come down to 6,500 or even ASI below 7,000. :razz:


Foks. We are on track. Momentum is shifting.Stik tide :o

Looks like we are going to close ASI more than 50 points up. :ymhug:



yes RPPA with a high turnover indicates market is going to revers from this point as u said earlier :)) :))

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Re: ASI - coming week

Postby SHARK » Thu Feb 05, 2015 3:26 pm

Glad to see off today 2.3+ Turnover with about 43points up on ASI :D
141% Level seem to find some ground .. :)
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Re: ASI - coming week

Postby HobbyInvester » Thu Feb 05, 2015 3:51 pm

SHARK wrote:Glad to see off today 2.3+ Turnover with about 43points up on ASI :D
141% Level seem to find some ground .. :)


thanks shark,

Good days ahead

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Re: ASI - coming week

Postby SHARK » Thu Feb 05, 2015 4:03 pm

Some may try fresh attempt to stir some panic and cause uncertainity among us. Just stear the rough days with confidence.
Price is what you pay. Value is what you get.”

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Re: ASI - coming week

Postby SHARK » Fri Feb 06, 2015 8:48 am

Bourse rebounds on bargain hunting; Rs. 968 m net foreign buying

The Colombo stock market saw a welcome rebound yesterday after a sharp dip during previous sessions thanks to the return of bargain hunters and net foreign buying.
The market’s value rose by Rs. 21 billion reducing the Rs. 168 billion lost since the new Government’s Interim Budget.
“Colombo equities gained ground after two days of freefall as bargain seekers turned bullish on selected stocks. Foreign investors drove the turnover to three-week high today led by purchases in premier blue-chip John Keells Holdings,” Lanka Securities said.
All share price index gained 47.25 points (+0.67%) and S&P SL 20 index by 28.67 points (+0.75%) mainly fuelled by counters such as Dialog Axiata (up +7.1%), HNB (up +3.1%) and Access engineering (up +4.7%). After three days of decline JKH was up 1.3% to Rs. 203 yesterday though it touched an intra-day high of Rs. 205.
Daily market turnover reached Rs. 2.4 billion, the highest since 12 January 2015. JKH positioned at the top of the turnover list for the second consecutive day with Rs. 1.5bn, and contributed 65% of the market turnover. JKH saw a volume of 7.1 million which changed hands in more than 1000 trades.
Lanka Securities said gainers offset the losers 129 to 61 while 39 counters remained unchanged. Cash map improved to 53% from 28%.
Foreign investors were net buyers with net inflow of Rs. 968mn. Foreign participation for the day was 56%. Net foreign inflows were seen in John Keells Holdings (Rs. 823 million), People’s Leasing (Rs. 89 million) and Dialog Axiata (Rs. 50 million). With yesterday’s inflows the year -to-date net foreign buying rose to Rs. 908 million.
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Re: ASI - coming week

Postby SHARK » Tue Feb 10, 2015 11:06 am

Dear all
Have a look at the T/O today within less than 90mnts of market trading we have reached 1B+. This is critical as we are in a RES around 7250, which is half way to our 1st target 7500+

ASI chart is full of surprises
asi.png
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Re: ASI - coming week

Postby SHARK » Tue Feb 10, 2015 11:09 am

The initial RES is around the 7250 Mark, with next RES coming in around 7600 38.2% Retracement.

Volumes are good so far, and this week can give more clues :)
Price is what you pay. Value is what you get.”

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Re: ASI - coming week

Postby SHARK » Tue Feb 10, 2015 12:40 pm

2.2B Turnover so far, amazing turn around.
Market is Larger than Players i thought #-o

This is great newz....
few can fool some all the time :ymcowboy:
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Re: ASI - coming week

Postby SHARK » Tue Feb 10, 2015 12:46 pm

OIL prices IMO will rise during this summer due to demand, this is common for all energy related companies, and with price mechanism due to be introduced, i am counting on LIOC to be a preferred share for the foreigners.
This will give LT stability for its earnings, without State/GOSL interference in the future.
Which the Foreign funds/investors looking for in any field.
Over to you....
ST some are reluctant to HOLD it.
I am re-iterating my targets ST61-63 MT73 LT85+
And LIOC will join the 100 club or 3 digits sooner than later along-with HHL in tandem.
Price is what you pay. Value is what you get.”


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