Market seems to be reacting for early expectation of negative budget

EquityChamp

EquityChamp

Moderator

Posts : 3907
Equity Stars : 13079
Reputation : 923
Join date : 2014-11-05

Be watchful. The current downturn will be due to overreaction and unnecessary panic. And my prediction is since the budget is schedule within the 3rd week of November the coming quarter results will not be reflect in stock prices, even for super performances. Therefore you will not be able to see a price upward swing even in counters such as COCR, COMB, SAMP,LFIN,ACL,TAFL,GRAN, CCS, etc.

This means you will be having yet another golden opportunity to capitalize, buy super stocks at bargain prices, once more before 2017 folding. So all signs are there that we see a sharp bounce back in 2017 for Sri Lanka equity market.

Thanks

kasun333

kasun333

Senior Manager - Equity Analytics

Posts : 309
Equity Stars : 3312
Reputation : 2
Join date : 2011-03-04

we can predict the market.................... wait and see... study

kasun333

kasun333

Senior Manager - Equity Analytics

Posts : 309
Equity Stars : 3312
Reputation : 2
Join date : 2011-03-04

EC 2016 ohoma thamai kewe godak aya 2016 hodatama hoda wei kewa. den keyanwa 2017 keyala hikz.................. santa

worthiness

worthiness

Senior Vice President - Equity Analytics

Posts : 2579
Equity Stars : 6971
Reputation : 114
Join date : 2011-04-08

Balancing the monetary gap in the budget 2017 has become tedious. Satisfying majority of low income earners & the conditions imposed by international funding agencies make the budget more complicated. Also, political motives cannot be ignored for next year PC election.

omegaplus

omegaplus

Manager - Equity Analytics

Posts : 299
Equity Stars : 1931
Reputation : 4
Join date : 2014-09-29

@EquityChamp wrote:Be watchful. The current downturn will be due to overreaction and unnecessary panic. And my prediction is since the budget is schedule within the 3rd week of November the coming quarter results will not be reflect in stock prices, even for super performances. Therefore you will not be able to see a price upward swing even in counters such as COCR, COMB, SAMP,LFIN,ACL,TAFL,GRAN, CCS, etc.

This means you will be having yet another golden opportunity to capitalize, buy super stocks at bargain prices, once more before 2017 folding. So all signs are there that we see a sharp bounce back in 2017 for Sri Lanka equity market.

Thanks

EC, I Like the idea, but now the problem is we need more funds for buying , Unless sold earlier and have cash. Shocked

worthiness

worthiness

Senior Vice President - Equity Analytics

Posts : 2579
Equity Stars : 6971
Reputation : 114
Join date : 2011-04-08

Few trading days are left before the budget. Meanwhile few valued shares may go up at intervals leaving an opportunity for cash collection.

Chinwi

Chinwi

Associate Director - Equity Analytics

Posts : 3101
Equity Stars : 6991
Reputation : 418
Join date : 2010-06-08
Location : Asia

No real support for strong market. No one care about fake budget because everyone know they cannot execute the proposals.

In this type of situation , we have to concentrate on selected few shares on individual basis than expecting an overall boom.

I was on buying side today . Each person should concentrate on his own know-how and experience about his own favorites. I am also waiting to sell and forget some shares.
Usually I do not buy unknown (not studied) shares even they come down to bargain looking levels.
Forget about budget. They will run the country as they did this year.

trader7

trader7

Manager - Equity Analytics

Posts : 179
Equity Stars : 1091
Reputation : 0
Join date : 2016-06-22
Location : europe

The present govt. inherited all the debt the previous govt under MR created. Cannot blame the present govt. for that.
They are doing their Best to fix it.

kassachandi

kassachandi

Assistant Vice President - Equity Analytics

Posts : 976
Equity Stars : 2718
Reputation : 11
Join date : 2014-08-15

What are those selected few shares chinwi

TARGET

TARGET

Senior Manager - Equity Analytics

Posts : 516
Equity Stars : 1432
Reputation : 23
Join date : 2016-06-29

@kassachandi wrote:What are those selected few shares chinwi

Yes Chinwi. Like to know your picks. Very Happy

Latest topics

Market seems to be reacting for early expectation of negative budget

1 Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 12:30 pm

EquityChamp

2 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 12:41 pm

kasun333

3 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 5:24 pm

kasun333

4 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 5:46 pm

worthiness

5 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 6:22 pm

omegaplus

6 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 7:26 pm

worthiness

7 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 9:32 pm

Chinwi

8 Re: Market seems to be reacting for early expectation of negative budget on Mon Oct 24, 2016 11:42 pm

trader7

9 Re: Market seems to be reacting for early expectation of negative budget on Tue Oct 25, 2016 4:29 am

kassachandi

10 Re: Market seems to be reacting for early expectation of negative budget on Tue Oct 25, 2016 5:07 am

TARGET