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  • reply from innam, 8 Mar 10
  • CTHR is not a hotel company, BINN is a defunt shell after the tsunami with no hotel ops and only land. Sometimes blindly looking at a chart without understanding what business the stocks are engaged in is a big mistake.
  • reply from rohit, 8 Mar 10
  • Hi innam,

    Thanks for the update I know that CTHR is not exclusively in hotel sector still they have some interest in that, not sure about BINN if they have prime land then construction is not an issue with near free liquidity available in most of the western countries.

    One example here about companies with no business
    Bindalagro or Oswal Chemical listed in India does not have any business for long time yet its stock sees rise.
    Hind Motors the makers of Ambassador brand cars have wound up most of its business and that stock still goes up.

    but please note "when cats and dogs start to move, its time to take money off the table"

    And please note that our proprietary indicator showing if investors are getting in or out of ASI is still NEGATIVE so I am not expecting any huge rally in blue chips there.

    Charts don't predict they only reveal.

    Thanks
    Rohit
  • reply from innam, 8 Mar 10
  • it must be hard sitting in India and trying to analyze the Sri-Lankan market but saying that "CTHR has some interest in hotel sector" is totally misleading since CTHR has zero exposure to hotels.
  • reply from innam, 8 Mar 10
  • just to clarify to other readers rohit has classified CTHR as a hotel company based on the fact that they own bandarawela hotel. my issue is that CTHR gets 38 billion in turnover from other sectors and probably 20 million in turnover from bandarawela hotel so that cannot be called "some interest" since it's so insignificant.
  • reply from rohit, 8 Mar 10
  • Hi innam,

    Thanks for the feedback, taken positively, most of the sector mentioned related to stocks are based on the information from CSE website and other forums. However what is important is that THE STOCKS SIGNALS are based on our system - which does not care what sector a stock is in.

    So, look at the stocks forget the sectors :)

    Thanks
    Rohit

    PS : Rehan is it possible to arrange a sector wise split of the stocks ? :)
  • reply from rehan, 8 Mar 10
  • @rohit
    Have been bogged down with other work but will see what I can do ;)
  • reply from rohit, 8 Mar 10
  • Hi Rehan,

    Thanx for the pain :) take your time not in hurry. CSE has long way to go in coming 18 years.

    Thanks
    Rohit
  • reply from bandara, 8 Mar 10
  • @ Innam,

    This is what i mentioned yesterday. This is purely Sri lankan style. Our jalousies people wants to bring down the market, simply most of them may have sold their stakes two three months back. Now these guys want market to come down.

    People who do not know the Sri lankan market / Sri lankan style /our companies giving us advices to buy & sell stocks. Now these type of persons are dominating here and their. It is a big thing for our fellows as well because we like foreign things than locals. If a local person gives an advice we want to think twice.

    Great innam that you mentioned this. Even i saw this persons one of earlier posts as well, he was mentioning this earlier as well. But nobody correct it ?

    Good lesson to every body. OUR market is not 100% technical driven. This is not DOW. or NASD or NIKKI or SENBUL or anything.

    Again i,m telling this. If somebody is giving advises to us he r she has to know our style very much. This is how DEV Whatmore build our team for the world cup.


    Thanks.
  • reply from rohit, 8 Mar 10
  • thanks for the feedback bandara taken positively

    Still I say,

    Charts don't predict anything they only reveal.
    and

    Greed, Fear, hope, despair, pessimism, euphoria are same in every markets.

    Thanks
    rohit
  • reply from nisashi1966, 11 Mar 10
  • Charts are working great in the COLOMBO STOCK MARKET, I'm in the game for more than 15 years and I love to see charts coming in to this great bourse and this country. Because for the last 3 years I'm involved in charts and they just work fine like in any other country. I'm sure there will be more and more traders getting into technicals in the very near future. My wish too is that. We must make every effort to use technology and other well tried techniques to make money by using expertise and talent, than going behind coloured books or rumours. We must vehemently put a stop to all this, and get more and more of our people to reap benefits of the Market, which at the moment is mainly confined to an elite of less than 1% of the population.

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