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ruwan326
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කිත්සිරි ද සිල්වා
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39 posters
LIOC.N0000 (Lanka IOC PLC)
aero- Posts : 48
Join date : 2014-02-28
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
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This could be where LIOC earnings new home !
This could be where LIOC earnings new home !
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
some selling pressure came and price drop to 40.40 rs. Any reason?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
LIOC was not showing results in a continuous growth line. Its EPS is often changing with fiscal policies, world price.
There are rumours of non reliability of their financials.
One leading Foreign Fund active in CSE , Norwegian Petroleum Fund is not interested in any oil related company.
Some trades who suddenly purchased for quick gains will sell when seeing other pastures more greener.
Government has imposed an additional burden as tax , world oil price was moving upward since the day quarter results were released.
***************************************
Positive side is still oil price sees over supply status. Net assets value of the company is almost equal to traded prices. EPS of first quarter is very attractive. Company has used its excess money to buy oil when it was low. Cash in hand came down but inventory went up. Company has proved that its Dividends really vary with EPS..
JB Cocoshell who invest for long term is in second highest position.
***********************************
So we see a battle of bulls and bears with LIOC.
There are rumours of non reliability of their financials.
One leading Foreign Fund active in CSE , Norwegian Petroleum Fund is not interested in any oil related company.
Some trades who suddenly purchased for quick gains will sell when seeing other pastures more greener.
Government has imposed an additional burden as tax , world oil price was moving upward since the day quarter results were released.
***************************************
Positive side is still oil price sees over supply status. Net assets value of the company is almost equal to traded prices. EPS of first quarter is very attractive. Company has used its excess money to buy oil when it was low. Cash in hand came down but inventory went up. Company has proved that its Dividends really vary with EPS..
JB Cocoshell who invest for long term is in second highest position.
***********************************
So we see a battle of bulls and bears with LIOC.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Also RSI (Daily charts) in overbought situation. So this may be some cooling off and consolidation.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Again some momentumCK wrote:Also RSI (Daily charts) in overbought situation. So this may be some cooling off and consolidation.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
For those who want to trade LIOC this link will be useful
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Yin-Yang- Posts : 1321
Join date : 2016-03-12
yellow knife wrote:For those who want to trade LIOC this link will be useful
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That's a wonderful site for technical indications.
Some indicators say "Buy" and some say "Sell".
So, all what you have to do is; when you feel like buying, just look at indicators say "Buy". When you want to sell, just look at "Sell" indicators.
Is that how it works?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Just keep watching this TA site from time to time...
Overall indication is start trading... Few days back it was Strong Buy...
Overall indication is start trading... Few days back it was Strong Buy...
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Do we need indicators to say "Buy" when price goes up and "Sell" when it comes down?
As I see, the difference between indicators is; some takes a little longer to say the same thing.
Am I missing anything here?
Is there any indicator to say, "Sell" at the very top and "Buy" at the very bottom?
As I see, the difference between indicators is; some takes a little longer to say the same thing.
Am I missing anything here?
Is there any indicator to say, "Sell" at the very top and "Buy" at the very bottom?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
I have been watching this for sometime... I am not a trader.. But what I feel is its based on day today movements...
Yin-Yang- Posts : 1321
Join date : 2016-03-12
May be it's good to conduct some scientific experiment to find it they really work.
I challenge, tossing coin and 'Buy' on "head" will work better than most indicators.
I challenge, tossing coin and 'Buy' on "head" will work better than most indicators.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
As I know this site analyse few indicators and MAs. If more indicators signal buy it will be strong buy in TA and vice versa. same for MA.Yin-Yang wrote:yellow knife wrote:For those who want to trade LIOC this link will be useful
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That's a wonderful site for technical indications.
Some indicators say "Buy" and some say "Sell".
So, all what you have to do is; when you feel like buying, just look at indicators say "Buy". When you want to sell, just look at "Sell" indicators.
Is that how it works?
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
crazy selling and nice collection at 40s
Rana- Top contributor
- Posts : 1786
Join date : 2015-12-16
අයි ඕ සි හැරුනහම වෙන ශෙයාර් ගනුදෙනු වෙන්නේම නැද්ද අද ?? 
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
Looks like some 'monthly effect' is taking place.
Touching 38/- is possible; that's a sweet spot.
Touching 38/- is possible; that's a sweet spot.
Defender- Posts : 57
Join date : 2015-03-30
Location : Colombo
thanks.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Good call Hunter. But there may be another reason..isn't it?HUNTER wrote:Looks like some 'monthly effect' is taking place.
Touching 38/- is possible; that's a sweet spot.
HUNTER- Top contributor
- Posts : 1935
Join date : 2014-07-14
I cannot remember of any other reason.
Technically speaking:
Dropping to 37.50~38/- was expected, in anticipation of filling the gap created in 12th Aug.
Now the gap is almost filled.
Next most probable stop should be near 44/-
If dropped further 36.5 will be the level to watch.
Technically speaking:
Dropping to 37.50~38/- was expected, in anticipation of filling the gap created in 12th Aug.
Now the gap is almost filled.
Next most probable stop should be near 44/-
If dropped further 36.5 will be the level to watch.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Again some brutal selling. looks like Hunter's next level gonna be tested (36.5)
mymoney- Posts : 544
Join date : 2014-08-06
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Rana- Top contributor
- Posts : 1786
Join date : 2015-12-16
for me Lioc is a st trading share, collect 35-36 sell 39-40. last time i bought it 36 sold 40. couldn't get fair profit . but i had 8.65 %
xmart- Top contributor
- Posts : 732
Join date : 2015-01-17
Yin-Yang wrote:Do we need indicators to say "Buy" when price goes up and "Sell" when it comes down?
As I see, the difference between indicators is; some takes a little longer to say the same thing.
Am I missing anything here?
Is there any indicator to say, "Sell" at the very top and "Buy" at the very bottom?
Yes, indeed
smallville- Top contributor
- Posts : 1872
Join date : 2014-02-23
Location : Trying to figure out..
Let alone if we talk about LIOC, there's a revenue/profitability impact. Crude oil has also been fluctuating from $40-52 in last couple of months and its up from Lowest levels of $34 in mid Jan 2016. It will not be easy for the Govt to keep the fuel prices this low if crude oil stays above $40.. Furthermore, middle east countries are also in debt crisis and are looking for loans and debt issues due to the oil slump.
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However, this can easily be passed to the customer in couple of months.
LIOC would be a potential pick ard 33-34 range while 30 would be the worst expected (if this news can further topple this). But once ppl realise the impact is low, at this point even a collection can initiate..
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However, this can easily be passed to the customer in couple of months.
LIOC would be a potential pick ard 33-34 range while 30 would be the worst expected (if this news can further topple this). But once ppl realise the impact is low, at this point even a collection can initiate..
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