Blue Whale's Diary - 2017

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Blue Whale's Diary - 2017

Postby Blue Whale » Mon Jan 02, 2017 10:13 pm

2nd Jan 2017

Being the first day of trading all of us were expecting a green day but the trading was very similar to the situation in 2016. ASPI dropped by 35 points whereas total turnover was a mediocre Rs329Mn. The ASPI drop was a steep one towards the end of trading today signaling a chance for further drop in the next day.

The main contributor for today's drop was 3.4% drop in JKH mainly due to foreign selling. Today witnessed a net foreign outflow of Rs.26.4mn. Banks,Finance & Insurance, Beverage, Food and Tobacco and Diversified Holdings were the sectors that registered notable declines.

ASPI chart continue to show bearish sentiments while RSI dropped to 33 which was in the verge of entering into an oversold region.

World markets were showing mixed results where S&P 500, Dow 30, Nikkei 225 have registered decline whereas DAX and FTSE 100 recorded marginal gains.

PM economic plan was due to be released today and we can see whether that has some power to change the market sentiments tomorrow.
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Re: Blue Whale's Diary - 2017

Postby sashimaal » Mon Jan 02, 2017 10:35 pm

Good initiative BW !
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Blue Whale's Diary - 2017

Postby PAT » Mon Jan 02, 2017 10:41 pm

Yes, Good initiative BW........... :-bd
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Without compromising your ability to Live Tomorrow……… :)

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Re: Blue Whale's Diary - 2017

Postby SHARK » Mon Jan 02, 2017 11:53 pm

Great work, made your thread GLOBAL.
Price is what you pay. Value is what you get.”

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Tue Jan 03, 2017 6:00 am

Many thanks to all. I am thinking how we can add value to TEC.
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Re: Blue Whale's Diary - 2017

Postby NUMBER CRUNCHER » Tue Jan 03, 2017 6:29 am

Good job BW. Much appreciated !!
The stock market is a device for transferring money from the impatient to the patient.Warren Buffett

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Re: Blue Whale's Diary - 2017

Postby Shadow walker » Tue Jan 03, 2017 6:35 am

Great work BW..
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)


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Re: Blue Whale's Diary - 2017

Postby point » Tue Jan 03, 2017 7:34 am

niyamaai :-bd keep continue bro

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Re: Blue Whale's Diary - 2017

Postby GB » Tue Jan 03, 2017 10:26 am

Blue Whale wrote:Many thanks to all. I am thinking how we can add value to TEC.


:-bd Keep it up.

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Tue Jan 03, 2017 10:28 am

Thanks all.
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Re: Blue Whale's Diary - 2017

Postby siga » Tue Jan 03, 2017 10:31 am

Blue Whale wrote:Many thanks to all. I am thinking how we can add value to TEC.

Positive thinking, :-bd :-bd Much appreciated BW !! ^:)^

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Tue Jan 03, 2017 7:03 pm

3rd January 2017

As predicted by me yesterday, there was no mercy on ASPI today declining further by 34 points with another mediocre turnover level of 354Mn. Contrary to the other day the morning drop of ASPI seemed recovered somewhat towards the end of trading. Therefore, I am eagerly waiting to see a recovery tomorrow, at least a small positive improvement.

The main contributor for today’s market decline was Melstacorp along with other heavyweight market players of Hemas, Spence and JKH. For the second consecutive day, today also we have witnessed a net foreign selling to the value of Rs43.5Mn on account of continued foreign selling in JKH for the second day. Banks, Finance & Insurance, Diversified Holdings and Investment Trust sectors recorded notable declines.

ASPI chart continue to show bearish sentiments while RSI dropped to 29 which was now in oversold region. ASPI was seen in this territory in early December 2016 as well.

World markets continued to show mixed results with S&P 500, Dow 30 and Nikkei 225 have registered decline whereas DAX and FTSE 100 recorded marginal gains.

President and Prime Minister jointly laid the foundation stone for the new Volkswagen automobile assembly plant at Kuliyapitiya which is expected to be in commercial operation by 2019.
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Re: Blue Whale's Diary - 2017

Postby SHARK » Tue Jan 03, 2017 7:46 pm

Was there a another opening ? in same district in the morning MAS Holdings giving opportunity for 5000 employement
Price is what you pay. Value is what you get.”

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Re: Blue Whale's Diary - 2017

Postby topcat » Tue Jan 03, 2017 7:54 pm

:ymhug: :ymhug:
"Keep winners, Sell loosers"

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Tue Jan 03, 2017 9:54 pm

SHARK wrote:Was there a another opening ? in same district in the morning MAS Holdings giving opportunity for 5000 employement

Apparently yes. That was for a factory to produce knitting fabric.
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Re: Blue Whale's Diary - 2017

Postby PATHFINDER » Wed Jan 04, 2017 7:53 pm

Good work BW
TIMING IS THE NAME FOR THE GAME

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Wed Jan 04, 2017 7:54 pm

4th January 2017

Market started the day with very positive note today as I expected yesterday with close to 15 points up mainly led by Hemas and JKH, two stocks declined heavily yesterday. However towards the final hour of trading the market momentum was changed due to sudden price drops in two illiquide but market heavyweight counters, Ceylinco Insurance and CTC. As a result ASPI ended the day down by 6 points making it three days in a raw for negative side.

We saw net foreign selling for the third consecutive day amounting to a much larger figure of Rs745Mn today though the today's turnover was a healthy Rs958Mn. Today's foreign selling was again centered around JKH which experienced a decline in foreign holdings by over 5Mn. Banks, Finance & Insurance and Food & Beverage sectors recorded declines owing to CINS and CTC.

ASPI pushed down further into the oversold region with RSI of 28.6 showing bearish atmosphere all over the place.

International markets recorded strong gains today with S&P 500 (+1%), Dow 30 (+.6%) and Nikkei (+2.5%) recorded gains while DAX and FTSE 100 shows declining marginally.

Can we expect a green day tomorrow at least. The government is expected to initiate another project tomorrow so we have to expect some good things in the coming days ahead.
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Re: Blue Whale's Diary - 2017

Postby PATHFINDER » Wed Jan 04, 2017 7:57 pm

Tomorrow should be a green day

probably 6150 is the turning point.
TIMING IS THE NAME FOR THE GAME

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Re: Blue Whale's Diary - 2017

Postby helloworld » Wed Jan 04, 2017 8:15 pm

Thanks Blue Whale. Your journal entries are greatly helping us to know the summary of the day. Well done!

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Re: Blue Whale's Diary - 2017

Postby jack18 » Wed Jan 04, 2017 11:23 pm

Good initiative Blue whale...... Thanks for the effort.

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Thu Jan 05, 2017 6:08 am

Welcome HW and Jack on behalf of my diary.
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Re: Blue Whale's Diary - 2017

Postby Spider Man » Thu Jan 05, 2017 9:15 am

Good job BW. Keep it up.

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Re: Blue Whale's Diary - 2017

Postby Esh » Thu Jan 05, 2017 3:25 pm

Thanks BW, its a good summary to get a quick update of the day..

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Re: Blue Whale's Diary - 2017

Postby Blue Whale » Thu Jan 05, 2017 3:33 pm

My humble gratitude.
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Re: Blue Whale's Diary - 2017

Postby NC+ » Thu Jan 05, 2017 3:48 pm

we're eager to read BWs' Diary... ;)
I mean his diary on TEC.. :D :D
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