dreamcricket - A late bout of bargain hunting is on, as dreamcricket is open for Trading at the
Sub-Continent Fantasy Test tournament.
After only 2 matches completed of the total 9 test matches, we have a very open race. Please note
that we have an extended Trading period, due to the 2nd match between AU-Ind finishing early.
The Trading Period will end on mach 7th, before he 2nd test between ENG-SL. The next 2nd
trading period will be after the 3rd test between AU-IN.
But the biggest turnaround story so far goes to the Atapattu & Gilchrist, one of the games blue chips,
traded up 45.55% & 37.67% from its Tournament starting value - the level deemed bull market territory.
Question is, with Gilchrist priced at $1601 & Atapattu at $1652, can they still maintain the percentage of return for their investors?
The Sri Lankan Index was up 16.69%. Credit some of the turnaround to Sangakkara,
Jayasuriya & Aravinda's performance apart from Atapattu marathon double hundred.
The Australian Index up 12.18%, largely due to Gilchrist, Hayden's 29.44% & Warnes 18.95% gains.
Ponting & Mark Waugh came to back from negative earnings on day 1 to post 2.73% & 7.14% gains respectively.
Mark Waugh recouped all his loses with a haul of 3 for 40, which must have surprised his investors, who had bought him for his
Indian Index gained 5.82%, largely due to newcomer Singh, who gained 22.62% and was well supported
by Mongia (19.20%) & Sachin (16.88%).
But investors were disappointed by England, who gained only 5.82%, which was solely supported by Trescothick, who gained 31.18% for his efforts in Galle.
On the downside were, Caddick who fell 4 percent to close at $936 & Dharmasen who fell -1.43% to finish the day at $690.
The other 2 teams, New Zealand & Pakistan are yet to trade.
Many investors will be very bullish on the Australian players after they whipped India under 3 days and also bullish on
the Lankan players since they are playing home on favorable conditions. (we are not talking about the umpires!!)
On the same token, bearish sentiments will be felt on many Indian & English players after their respective performance.
We can expect some late buying on NZ players, who will be considered cheap at current levels and also after their
reverting performance against Pakistan in the recently concluded ODI series.
We will be back with our Market Recap after the 2nd test between Eng-SL.