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Sri Lanka Equity Forum » Stock Market Talk » Market seems to be reacting for early expectation of negative budget

Market seems to be reacting for early expectation of negative budget

Go down  Message [Page 1 of 1]

EquityChamp

EquityChamp
Moderator
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


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
we can predict the market.................... wait and see... study santa

kasun333


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
EC 2016 ohoma thamai kewe godak aya 2016 hodatama hoda wei kewa. den keyanwa 2017 keyala hikz.................. santa lol!

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
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
Manager - Equity Analytics
@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


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
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
Associate Director - Equity Analytics
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


Manager - Equity Analytics
Manager - Equity Analytics
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


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What are those selected few shares chinwi

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kassachandi wrote:What are those selected few shares chinwi
Yes Chinwi.  Like to know your picks. Very Happy

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