Sri Lanka stock market closed Tuesday in Coronavirus holiday

Antonym wrote:Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

slstock wrote:

Antonym wrote:Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

Antonym,

1) After a long time. As mark of courtesy wanted to make a quick reply.
Good to see you.

2) There are several threads related to Corona and Market is you want to read.

3) "When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. "

Any justifications for this claim ( other than guessing the mad behavior of the herds)?
Do you think CSE is not already too attractive ?



ps :I don't write on this forum much now and also write on my Face book.
But during this "Pandemic" , I decided to visit here a bit more  as each of us
needs comfort to survive this CSE epidemic which seems far greater than Corona Pandemic

Antonym wrote:

slstock wrote:

Antonym wrote:Warren Buffett famously said, "I buy on the assumption that they could close the market the next day and not reopen it for five years."

However, like the third-class passengers on the Titanic, people like us desperately need an exit route when prices are sinking. Keeping online platforms of the CSE open would have enabled a somewhat orderly exit with minimum panic, similar to what we witnessed last week.

When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. Is there any way the CSE can operate while minimizing public interactions (to curb the spread of COVID-19)?

Antonym,

1) After a long time. As mark of courtesy wanted to make a quick reply.
Good to see you.

2) There are several threads related to Corona and Market is you want to read.

3) "When the market finally reopens, it would probably take 3 market halts before share prices become attractive for buying again. "

Any justifications for this claim ( other than guessing the mad behavior of the herds)?
Do you think CSE is not already too attractive ?



ps :I don't write on this forum much now and also write on my Face book.
But during this "Pandemic" , I decided to visit here a bit more  as each of us
needs comfort to survive this CSE epidemic which seems far greater than Corona Pandemic

Hello, slstock!

Since last Friday (which was the last trading day at CSE) other equity markets have declined by about 15%. This represents this week's Coronavirus Effect, which is a global phenomenon.

But Sri Lankan shares have not yet suffered this decline because CSE was closed. When the CSE reopens and if shares drop in tandem with other markets, SL equities would be on top of my shopping list.

Antonym wrote:Slstock,

You would know that Fear and Greed drive the market - not Logic and P/E Ratios. Therefore, there will be a point in time when share prices decline significantly below what I think the underlying companies are worth in the long term. That is when I will buy.

The COVID-19 situation is still unfolding, and will continue to do so in the near future. The economy is already reeling from this and other impacts. Companies will continue to feel the effect for at least a year from now.

So, my message would be: Don't panic, but be cautious.