Switch between our dark and light theme.
see posts from by tagged as
Recent » posts replies

  • #ATL, #BFL, #BALA movements

  • Would anyone have any insights on the above.... ATL went up by approx. 12% over the last week or so, would anyone know whats driving it and what would be the future potential in the short to medium term?

    BFL and BALA have both gone down from where it was about 3 weeks ago. Fundementals seemed strong but I guess I bought at a high point above 35/36 levels on both.... I understood BALA went down due to poor results in the last quarter.... how long would this take to recover? Didn't quite understand the reduction in BFL though. Any comments on the potential of these 3 stocks anyone?
  • 1 replies, MarketWatch 9 Mar 10 posted by Suran, 9 Mar 10
This post has been viewed 192 times, by 7 logged-in users the last being SM.
Invite people to participate...

Login and invite friends to participate!

  • reply from MarketWatch, 9 Mar 10
  • Hi Suran

    Stocks never go straight up and down. There are more short term traders than investors now. In addition, we should have some time horizon as well.

    It is true BALA made a loss last quarter due to wage adjustments. However, they will make strong profit in the next quarter.

    On valuation and future earnings, both #BALA and #BFL should go up. Remember #BALA has the lowest debt among plantations companies and even during higher interest environment and during bad period they will do better than their competitors will.

    ATL has improved lot when compare with corresponding last year. They have reduced losses considerably. I think they will make profit in the long run. I do not know much about their investments. They have some investments in Vidu lanka Power Company and Stafford Hotels.

    Any stock can go up suddenly. For example GRAN was trading around Rs.12/- then suddenly it went up to Rs.19/-

    Market is not 100% efficient. Some players can make havoc in the market. Any stock can go up at any time.

    Therefore, even in major trend we must be careful in some occasions. If we can identify that future

    Hi Mission I have noticed average investors never buy in pullbacks and when market is sluggish. If we want to buy some stocks, we have to follow those stocks for a while.

    Globally some brokers want to trade as they want. . We must never allow that to happen.

    Once we learn the market, we can identify market direction, pullbacks, break outs, strong bull trend, down markets etc.

    I repeatedly told in this forum not to listen to other people’s tips and to do some homework before they buy them. Do not change your investment strategy.

    I can remember once one member here posted question. Is it good to buy #BFL at Rs.20/- and BALA around Rs.22/-.

    I said before you buy any stocks to study the sector and to follow the stock. Again, I told another member to buy 100 shares each to study why it is going up and down.

To reply to this post...
Register (it's free, top-right) - or - if you have an account then login!

{#} Use # when referring to a stock to help people locate posts and replies related to that stock.ex: #JKH or #SPEN, no company names and remember to keep NO SPACES between the # and the stock symbol.