Re: KSE's frequent orgasms !
exactly. It was very evident from the speculative buying prior to the sell-off that people dont really understand market mechanisms. i guess no one knew that stocks would be halted each day if the price drops by a certain percentage. All those who were buying a ticket to the moon are now itching to sell at any cost. The first two to three days they were even lured into this being a buying opportunity, not understanding that the chain reaction has begun. I see more than just 2/3 days of selling, unless of course some steps are taken at the official level by some organized buying to turn the tide. if not I just see more heartaches.
For people who hold good companies, I will advise them to hold on if they are in the red. The excellent yields offered bu pakistani stocks will surely payoff in the long run.