Rajesh Sharma
For the last few days, I am reading posts on several discussion forums
and watching NEPSE going down. It is interesting to know prediction of
NEPSE reaching low point, below 800. Several posts are appearing putting
Blue chips in negative way. With different name, people are questioning
current price of several companies. The optimists are in minority and
are defensive and the pessimists are in all out offensive. Translating
such phenomenon, I have concluded that the 'pessimists'
are trying their level best to pull the market further down, buy shares
as much as they can and reap the bumper harvest. Too much greed never
pays and this time too it sounds their days are over. Most probably,
yesterday was the last day of this aggressive correction and if not
certainly this could be today. The market is in over all bull phase and a
correction is not the start of a bear phase. The pessimists'
celebration mood sounds too premature.
No comments:
Post a Comment