Brother CMY once again you failed in guessing:
>My guess is 10650 is going to be max and a top ( Top mean KSE should stop their and start a decline on or before that).
Today the index closed at 10,726. It is a very good advice from you to keep close eye on volume & get out in time. As like last march small investor may have to bear heavy losses in greed. So its best to be very cautious.
But still i'm not convinced that:
>Looks like smart money have started to shift from KSE to property market.
>DHA phase 7 is best choice for KSE investors who are slowly moving into property because of ballot rumor.
Its almost more that 9 months now while many many (almost all stated) predicted events have passed but realestate's much awited boom still reamins awaited. I'd like if someone predicts any other event in the offing to refuel realestate market?
But one thing i again likes to mention here is that if interest rates pushed up in near future then it would definitely add insult to the injury of short term real estate investment. So this thing as well required to be watched carefuly.
Naeem Uk replied on Friday, February 3, 2006 01:43 PM
AOA
Brother Saeed do you know when the interest rates are going to be reviewed again.
Thanks |
CMY replied on Friday, February 3, 2006 04:05 PM
Brother Saeed I have seen many fake rises like these. I am not immpressed by rise. Short covering do drive prices up some times in this situation. There is NO fundamental change o drive prices up. Volume was still same when index rose 260 today. I would not invest a penny in this rise because its not real. If the rise was real volume should have been much more then recent average volume on KSE.
I will say again DON'T look at RISE look at volume. |
Saeed(LHR) replied on Friday, February 3, 2006 05:10 PM
Brother Naeem(uk) i don't believe in predicting that when what is going to be happen. I think its better to facilitate others by providing them with useful information & then leave it on him to decide at his own. Thats why i always tries to collect & provide handful information as much as i can, so that one can be in a better position to make better decision. For interest rates you better read posts on pakrealestatetimes posted by me in last week of January, you may get useful information in them. Then read about 26th January's meeting of state Bank's new governer as well.
Brother CMY you are very much right about this fake KSE rise & your logic of volume is perfect. I was & still am totally agreed with you on KSE.
But i'm sure that you still won't agree to my last years disagreements with you & many others when i was saying that realestate prices are unrealistic (when realestate boom was in full swing before march 2005). You were very much justifying the boom at that time.
Last years fake KSE crashed & now baloon again filled even with more air this time. What about realestate?? what is the next event you predict to refuel realestate. Don't mind that after March 2005 you still are not being able to make any successful prediction about realestate, although many events suggested by you with full authority have gone. I think you better change your approach of predictions & better show your research to others & let them decide at their own.
But when it comes to your own business then you are very much justified to sell your products (plots etc) to your clients. Remember that you've been maintaining this wonderful effort not for your clients only but for all the Pakistani friends world over. Specially for oversease brothers who have very little information about Pakistan realestate & economic conditions effects on property market otherwise. So it would be good if we just give them the good useful information then to give them our predictions. |
