Trading or Investing while country facing bankruptcy

[ruwan326]

All kind of analysis will not work this time specially,
when country facing bankruptcy..
political mess..
reaching highest inflation..
etc... etc...

Trading is the only safe way and I like to pick LOFC while bank and finance sector at high risk.

Safe entry - 10-12/=

[slstockVeteran]

I see you are back writing here Ruwan.

Is this a mistake?


a) Why Buy only LOFC even for trading? There are so many other shares!

b) More importantly LOFC is trading at Rs 6.1 now. It went down to Rs 4.5 too.
So why buy LOFC at Rs 10-12 ?

All kind of analysis will not work this time specially,
when country facing bankruptcy..
political mess..
reaching highest inflation..
etc... etc...

Trading is the only safe way and I like to pick LOFC while bank and finance sector at high risk.

Safe entry - 10-12/=

[ruwan326]

I see you are back writing here Ruwan.

Is this a mistake?


a) Why Buy only LOFC even for trading? There are so many other shares!

b) More importantly LOFC is trading  at Rs 6.1 now. It went down to Rs 4.5 too.  
So  why buy  LOFC at Rs 10-12 ?  

All kind of analysis will not work this time specially,
when country facing bankruptcy..
political mess..
reaching highest inflation..
etc... etc...

Trading is the only safe way and I like to pick LOFC while bank and finance sector at high risk.

Safe entry - 10-12/=

Keeth having one man show for long time, ඇට නව ලස්සේ නොවැම්බර් වරුන්ට රෙද්දේ රෙවිලා .... රාජපස්ස supporters left.

Just writing political stuff again since the country facing bankruptcy.

Yes many great other shares are there, but .... lets wait and see after 2 weeks time about LOFC.

[slstockVeteran]

1) I am for this  peaceful  Aragalaya to make Sri Lanka better and rid corrupt politicos ( all parties) and a system.
2) I have been fighting to make Sri Lanka/CSE better for decades far before the aragalaya. Doing it now too.
3) But I will let you,  Kithsiri and forum Owner decide on whether this should be made  political forum or not.


When I saw this, I could go quiet.  
Now am pointing out an issue for your safety and others who are buying safety.


You are asking people to enter LOFC at Rs 10-12 as it safe.
Now it is Rs 6.1 to Rs 6.4 still.
Someone can ask why buy at  Rs 10  then and not at Rs 6 now.
Then one can say your intent is to promote LOFC to Rs 10+ and sell.

Be careful when you make these posts for your own safety.
Also LOFC now has multi billion more shares in market than before
( with CLC and SFL amalgamation)

I did my duty.

[කිත්සිරි ද සිල්වාTop contributor]

3) But I will let you,  Kithsiri and forum Owner decide on whether this should be made  political forum or not.

Politics will, unfortunately, have an impact on everyone, whether some people like it or not.

It won't help if you act like an ostrich.

You either defend what you believe is correct or you refute what you believe is incorrect.

Because all the seagulls, සඩ්ඩම්බිරාළලා and most experts have left the forum, someone has to keep the ball running.

What's keeping us from not following suit? 

[ruwan326]

When a country goes bankruptcy will market survive ?????? ...........වැඩි දවසක් යන්නේ නැහැ. අන්තිම පෙට්‍රොල් ලීටරෙත් ගැහුවට පස්සේ ,අන්තිම හාල් කිලෝවත් කාලා ඉවර වුනාට පස්සේ ගෝල්- ෆෙසේ අරගලයට නොගිය උන්ට යන්න වෙන්නේ හාමතේ පයින්ම.අරගලයට ජය.


This is not the first post I am posting, I have done many TA even in other forums and members know who is ruwan326 and his analysis


Before I left I said to keeth, that EXPO will pass RICH and reach 3 digits ... about LOFC lets wait and see.


Still Rajapassa supporters and their supporters(සඩ්ඩම්බිරාළලා) shaken to see me here again. Going to ask assistance from SLS 


All 18+ adults here in the forum and CSE , we share our experience and insight. 

[slstockVeteran]

Hope someone can understand what I am saying here even if my effort to write this is not appreciated.



1) LOFC was manipulate to Rs 40. Then some said it will go to Rs 100. I warned many time on FB page on CT games and LOFC/CLC  promos . When I warned ofcourse there was resistance. ( not ruwan)

2)  LOFC  fell to Rs 4.5 recently too. That's nearly  90% loss from top !!
So now LOFC is at a very discounted and fundamentally too cheaper price as most shares. 

3) When market goes up again,  obviously  LOFC can go past Rs 10. It was Rs 30  few months ago. So why not past 10. Nobody is going to contest  that . Nor  am I.
But like wise so  MANY OTHER SHARES too can rise from current prices or be traded.


4) What am pointing out is below. 

a) LOFC today is Rs 5.7. 
b) If it surely goes to Rs 10-12 , then no point to buy at Rs 10-12
c) it cheaper to buy 90-100% cheaper , hold and sell then over Rs 10  
( or can buy LOFC even cheaper than Rs 5.7 now if market stays in red again.)

Hope someone understands the logic am saying here.

[ruwan326]

Hope someone can understand what I am saying here even if my effort to write this is not appreciated.



1) LOFC was manipulate to Rs 40. Then some said it will go to Rs 100. I warned many time on FB page on CT games and LOFC/CLC  promos . When I warned ofcourse there was resistance. ( not ruwan)

2)  LOFC  fell to Rs 4.5 recently too. That's nearly  90% loss from top !!
So now LOFC is at a very discounted and fundamentally too cheaper price as  most shares. 

3) When market goes up again,  obviously  LOFC can go past Rs 10. It was Rs 30  few months ago. So why not past 10.  Nobody is going to contest  that . Nor  am I.
But like wise so  MANY OTHER SHARES too can rise from current prices or be traded.


4) What am pointing out is below. 

a) LOFC today is Rs 5.7. 
b) If it surely goes to Rs 10-12 , then no point to buy at Rs 10-12
c) it cheaper to buy 90-100% cheaper , hold and sell then over Rs 10  
( or can buy LOFC even cheaper than Rs 5.7 now if market stays in red again.)

Hope someone understands the logic am saying here.

Good to see you active again here, though very few members left. Thanks to Gota's era all the new CDC account holders are doomed......



"LOFC was manipulate to Rs 40. Then some said it will go to Rs 100"   I will sell LOFC when it reach 100


Remember EXPO reached 400/= (yes with the help of manipulation in the latter part of the run)


I think there will be few announcements left for LOFC and brighter future for LOLC group. You can not apply simple logic to all shares at all time.

[ruwan326]

‘LOLC Finance poised to fuel economic resurgence’
මාධ්‍ය කාරයෝ මතුරන්න පටන් අරගෙන .තොයිලේ නටයි වගේ හෙට අනිද්දාම
[size=46]https://island.lk/lolc-finance-poised-to-fuel-economic-resurgence/[/size]
https://www.ft.lk/top-story/Lankan-multinational-LOLC-Group-records-historic-profitability/26-735640

[ruwan326]

As expected another announcement came, current Lofc is under 8/= and Nifl under 200/=.

If the ratio is 1:25, it is going to effect Lofc and I am sure they will try the same method to reduce Lofc shares outstanding in previous amalgamation.

CLC they manage 2:1, so as I predicted LOFC will be pushed up so they don't need to issue more LOFC shares for NIFL. Lets see how things go on till amalgamation  

https://cdn.cse.lk/cmt/announcement_portal_prod/LOFC%20Disclosure%20-%20LOFC%20&%20LODF%20Amalgamation_39516078343302.pdf

[nirmal]

Best thing is invest in a dollar earning share.

Currency is depreciating.
Ranil W talked about local debt restructuring and wealth tax. I thin it is riskier to invest in financial assets

[ruwan326]

Best thing is invest in a dollar earning share.

Currency is depreciating.
Ranil W talked about local debt restructuring and wealth tax. I thin it is riskier to invest in financial assets

Same like Gotas bubble this is ranils bubble time. I am not in a investing mode until this country take over by wise/intelligent people, not educated/fools.

As SLS mention there will be another gilmart just like CLC, so we can trade and have early Christmas 

The way things going on LOLC going to absorb more finance companies under their belt and expand outside the country, if you like you can keep for 5-10 years investment too if the country come out from this mess.... but


ලංකාව දැන් බංකොලොත් -හොඳට තිබ්බ රටක් බංකොලොත් කරපු මේ 226 හෝ උන්ගේ දරු මුණුපුරන් බංකොලොත් රටක් ගොඩගනී කියල විහිළුවට හරි හිතනවානම් වහාම මනෝ වෛද්‍යවරයෙක් හමුවී ප්‍රතිකාර ලබාගන්න. ඔබේ දුදරුරුවන්ගේ හා අනාගත පරම්පරා හත අටක සතුට හා නිදහසේ ජීවත්වීමේ අයිතිය ඔබසැම විසින් ඔවුන්ට අහිමි කර ඇත. එහි වන්දිය(බොහොමයකට තම ජිවිතෙන් ) නුදුරේම ඔබ සැමට ගෙවීමට සිදුවනු ඇත , බල හුවමාරුට පාස්කුව යොදාගත් එවුන් රට කරවීමට තෝරාගැනීමේ වන්දිය තවමත් ගෙවමින් සිටිමු ..... එදා පාස්කුව වෙන්න ඉඩහැරී අගමැති දැන් 225 තෝරාගත් ජනපති වෙලා , ඇටනව ලස්සේ මන්දබුද්ධික වෙලා

[mark]

I guess Trading