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Sri Lanka Equity Forum » Stock Market Entertainment » Danger of “ Jacked Up” market while Foreigners exits !

Danger of “ Jacked Up” market while Foreigners exits !

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Prince

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
For the last two days market is in green zone adding a smile to the many small investors’ faces giving a  “hope” for a mega “Rally”  like sensation.
But my advice is that before making any new investments, study the outflow of the Foreign Funds or the changes in Holding of Foreign Investments.  For the last week Foreign Selling is “thrice” much as the Buying,  if somebody analyzed carefully.
My observation is that , market is artificially “ Jacked Up” for a reason or two , which is misleading if go by ASPI or S&P indicators. Just check the Top Gainers volumes traded and the Big names in the Top Losers list , which is more explanatory than my comment.
 
Just hold on people, don’t get in to trap , it’s a “ Dead Cat Bounce “ as I predicted last week.
 
I bet all my money on my prediction, hold yopur breath to see the market direction just after the 14th Dec 2016.
 
Good Luck !

Prince

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
#goodness ....

I was expecting one or two post to support me and hundreds in offence.

Is nobody awake in the forum ???

EquityChamp

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Moderator
I am awake Prince. What is happening at CSE it what usually happens in December. Its an opportunity to trade. I estimate a short term ASPI target of 6420 for this December.

But I am not completely dismissing the possibility for pull backs in January and February taking into account the domestic and world announcements likely to come out. But still there are lot of uncertainties.

Don't be afraid. Try to do some trading during this December  but can stay away from time bound investments. Also if there are any credit outstanding then its the time to clear them as well.

Thanks

Prince

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Prince wrote:
I bet all my money on my prediction, hold yopur breath to see the market direction just after the 14th Dec 2016.
 


So... .. the cat was already Dead  !!!!   I was right .

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