Investors Sentiment

BUCURESTI - 9 februarie 2008

Comunicat tip General in Finante / Contabilitate

http://www.prognosis.ro/sentiment.php

“I find more and more that it is well to be on the right side of the minority since it is always the more intelligent”. These famous words of Goethe, the famous German writer have a lot of market intelligence and can easily be summed as the first few market thoughts expressed by no less than a writer, poet and thinker.

It is extending these thoughts of wisdom and building on to the new science of behavioral finance and the already existing history of sentiment measuring indicators available in America and other global markets we plan to launch a series of sentiment measuring indicators for the Romanian markets.

A market is made by many market participants viz. insiders, stock exchange members, institutional and retail investors, large and small speculators and hedgers. Some groups can be better informed than the other, but econohistory suggests that different groups act in different ways and are many times counterparty to each other. This is not to suggest that members of public are always wrong at the major market turns and that professionals are always correct; rather, the implication is that, in aggregate, the opinions of these groups are usually in direct conflict.

Historical data are available on many market participants, making it possible to derive forecasting tools that indicate that when a particular group has moved to an extreme, we might be near a major market turning point. We consider the results of the OMNISTOCK project, conducted by Prognosis.ro in the end of December 2007 to validate this point of view.

So a SENTIMENT INDEX reading can assist to measure these extremities in mood and potential market turns. Survey respondents will not only benefit from the interpretation and indicator readings but also will be invited for regular training seminars on sentiment indicators, provided relevant literature, a free subscription to Orpheus Capitals market newsletters, discounts on Orpheus Research services and a book \'The Sentiment Theorist\' written by Mukul Pal, CEO, Orpheus CAPITALS.

Prognosis.ro will include the participants to this project as members of Prognosis.Finance – a community that will have access to analyzing tools particularly tailored to fit the needs of active investors.

Orpheus CAPITALS and Prognosis.ro are two independent research companies coming together for this project. Orpheus CAPITALS is a Global Alternative research company. The company covers a host of emerging markets including Romania and India. They also publish research on Metals, Energy, Forex and other global assets and markets. The company is an authorized investment consultant company by the CNVM (Market Regulator Romania).

Prognosis.ro investigates the Romanian capital market in an equidistant and independent manner. By using the quantitative research methods in exploring various fields of the capital market we supply the investors, the brokerage companies and mass-media quality and actionable data that can be used to achieve professional / investment goals.

Together both Orpheus and Prognosis.ro has data collection, sentiment index construction and dissemination capabilities. The enclosed survey is one of the first feedbacks for data collection that we will need to build the respective indicators. We urge you to assist us in this process. We are looking forward to having a fruitful association.

The survey can be accessed at
http://www.prognosis.ro/sentiment.php

SENTIMENT INDICATORS TEAM
ORPHEUS CAPITALS AND PROGNOSIS.RO
www.or-phe-us.com

Despre Prognosis.ro

The survey can be accessed at
http://www.prognosis.ro/sentiment.php

vlad.ionescu@prognosis.ro

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