Now is that a speculative bubble or what?
It was only yesterday that I talked about how doomsday theorist are crawling out of the woodwork. It only needs one glance at the top gainers list of the Colombo Stock Exchange for the previous week to know that those fears are justified.
Top Gainers for the week ending Dec 02 at the Colombo Stock Exchange
The top 5 gainers are not just speculative counters but warrants, out of the money warrants at that! It was only a few months back that these junkies looking for a fix lost a small fortune on Ceylon Leather Products (CLPL) warrants that expired. But there they are at it again.
Speculative rallies without proper fundamental backing is a general characteristic of a market top.
Real downturn will start at any given moment!
We’re playing on top of an active volcano!
Sachith,
When you see some green, you always say according to my calculations, tomorrow onwards will start a rally And then market goes down further. Then you say another thing. You should get a job at the met office.
Thanks.
No comments at all!
I’ll take it as a complement
Thanks a lot mate!
Fellow readers can have a look from last 6 months!
http://investors.lk/members/sachith