Maharaja's Advice

Maharaja wrote:ASI will come to 5800 support just like Maharaja told many months ago.


Maharaja

DS Wijesinghe wrote:

Maharaja wrote:ASI will come to 5800 support just like Maharaja told many months ago.


Maharaja

CSE may go down to levels predicted by Maharaja. Many stop investing in stocks when market goes down. It is understandable when you watch the thousands of rupees you have invested come down rapidly.

Some insights that could be helpful to forum members in different situations, especially for those who have additional cash, buying and holding power as a long term investor; 

1. If you want to be a successful investor you must have the courage to cling on to valuable stocks in your portfolio in a declining market like this. 

2. A bear stock market or a crash during an economic down turn of a country, often are excellent opportunities to Buy great companies at super cheap heavily discounted prices, companies which you are sure will survive the country's economic struggle and bounce back even stronger after the economy is turned around. Their weak competitors will perhaps not survive in a struggling macro economy

3. Don't wait for the whole market to come down to Buy stocks. Focus on finding wonderful individual companies with solid fundamentals and Buy them super cheap without waiting for the whole market to crash

DS Wijesinghe wrote:Get lost Ruwan. 

Though you say Maharaja and Wisdom 79 are mentally sick it is clear you are the mentally sick misfortune teller. So far all your predictions have gone wrong which proves that you are the Sumanadasa, the misfortune teller in this Forum  

You are in this forum putting all sorts of posts on average 7-8 a day to protect the poor image of your government and UNP+Maithree.

Your interest is not in making your fellow forum members to invest wisely and become wealthy, but you encourage them to invest blindly in a dangerous market thinking that it will help the market go up and save your Ranil & Maithree

You don't care whether our forum members loose their money or not but only interested to salvage the desperate performances of your political parties in government

DS Wijesinghe wrote:

Many stop investing in stocks when market goes down. It is understandable when you watch the thousands of rupees you have invested come down rapidly.

Some insights that could be helpful to forum members in different situations, especially for those who have additional cash, buying and holding power as a long term investor; 

ruwan326 wrote:

DS Wijesinghe wrote:Get lost Ruwan. 

Though you say Maharaja and Wisdom 79 are mentally sick it is clear you are the mentally sick misfortune teller. So far all your predictions have gone wrong which proves that you are the Sumanadasa, the misfortune teller in this Forum  

You are in this forum putting all sorts of posts on average 7-8 a day to protect the poor image of your government and UNP+Maithree.

Your interest is not in making your fellow forum members to invest wisely and become wealthy, but you encourage them to invest blindly in a dangerous market thinking that it will help the market go up and save your Ranil & Maithree

You don't care whether our forum members loose their money or not but only interested to salvage the desperate performances of your political parties in government

When you point one finger @ me three pointed @ you DS  

So everything you said here is coming back to you X3 times  

I do not support any political party and you people are the one making political shit here in this forum.

Join  Maharaja and invest in Negambo fish market till 2020 and come back after 2020

samaritan wrote:We are coming towards the last quarter of 2018 with CSE remaining sluggish and the country being crowned as a "DEBT HUB". The PC elections and the Presidential elections are due to be held in 2019. It is likely that uncertainty would prevail throughout 2019 owing to the elections as like in the past. In my opinion it will have a negative impact on the CSE.

Voters rejected the former regime on the grounds that it was bad. Now the people have begun to feel that the bad is good after going through the worse. It goes according to the saying:

"BAD IS NEVER GOOD UNTIL WORSE HAPPENS"

Now that the worse had happened, How will the CSE react? 
Overall it is a clearly established fact that Tom & Jerry's rule has been a curse to CSE and of course to the whole country.

After his resignation, Karunaratne told the media of “daylight robbery” by a “stock market mafia” closely connected to Government leaders, including Rajapaksa.

Karunaratne is a politician as well as a businessman. He was a founding leader of the Sinhala chauvinist Jathika Hela Urumaya (JHU), then joined the right-wing United National Party (UNP). Just before the presidential election in January 2010, he switched to Rajapaksa’s Sri Lanka Freedom Party (SLFP).

The SEC is the “regulating authority” appointed by the president to oversee the Colombo stock market. Rajapaksa has used his powers to install chairpersons loyal to the Government. Karunaratne’s predecessor Indrani Sugathadasa, who resigned in similar circumstances, is the wife of the President’s Secretary, Lalith Weeratunga.

The latest scandal has provided a glimpse into the operations of a parasitic layer of financial speculators who have been nurtured by the Rajapaksa Government since the end of the country’s longstanding civil war. After the defeat of the Liberation Tigers of Tamil Eelam (LTTE) in May 2009, the Colombo all share price index soared — from 1,631 points in 2008 to 7,800 points in February 2011.

Rajapaksa pointed to the rocketing share prices as proof of his Government’s economic success. The financial press hailed “one of the best performing share markets in the world,” but the “success,” amid the global financial crisis, was built on rampant speculation.

In early 2011, the bubble burst and the index is currently hovering around 5,000 points. Foreign investors have been withdrawing funds and Colombo is rated as one of the world’s “worst performing” markets.

Karunaratne admitted that speculation had been a major factor in the share price rises. “The major contribution came from people who used unfair means in pumping up the market, which made it reach extreme high levels,” he told the media.

The former SEC Chairman has not named the 17 companies that he placed under investigation. But he hinted at their identities by citing cases where prices had dramatically risen between the end of 2009 and end of 2010. Over that year, the share prices of Dankotuwa Porcelain, Blue Diamonds, Asian Alliance Insurance, Lanka Hospitals and HVA Foods stock increased by 226, 270, 177, 204 and 394 per cent respectively.

A Sunday Times editorial last weekend, entitled ‘Jackals and mafia of crooks,’ commented: “It is common tattle that many of the 17 ‘suspects’ are closely linked to the ruling elite. This linkage extends to the level of financing the political campaigns of the rulers, and even more, acting for them as front men.”

In a scheme known as “pumping and dumping,” major dealers encouraged investors to put money into particular shares, promising huge returns. When the share price reached a certain level, the dealers sold out, making staggering profits, and prices fell sharply. Small share holders, who had in many cases invested their savings and pensions, were hit with heavy losses.

The Central Bank encouraged this speculative frenzy by releasing money from the Employees Provident Fund (EPF), the country’s biggest pension fund, to purchase shares, including in ailing companies such as Galadari Hotels, Laugfs Gas, Piramal Glass Ceylon, Ceylon Grain Elevators and Browns. The release of EPF cash for private sector investment was a longstanding demand of the International Monetary Fund (IMF).

The results have been disastrous. For example, the EPF purchased 23.7 million shares in the loss-making Galadari Hotels at a price of 32.50 rupees a share in 2010 from Nawaloka Hospitals. By July 2012, the share price had plummeted to 11 rupees, resulting in a loss of 500 million rupees for the EPF. Overall, the EPF had lost about 6 billion rupees by the middle of this year.

The newly-appointed SEC Chairman, Nalaka Godahewa, is well connected to the Government as well. He was given the job despite heading the Colombo Lands and Development (CLD), which is also under a cloud for share manipulation.

The CLD had been a prominent Colombo real estate developer but was restructured into a joint venture with the Urban Development Authority (UDA). In 2010, the Government put the UDA, a civilian body, under the Defence Ministry, which is headed by Gotabaya Rajapakse, the President’s brother.

The UDA is central to the Government plans to develop Colombo as a major “commercial hub,” primarily through the eviction of some 70,000 shanty dwellers. The security forces have already forcibly removed hundreds of families.

One of those recently identified by the media as a member of the “stock market mafia” also has government connections. Dilith Jayaweera, head of Divasa Equity, recently admitted meeting with Gotabaya Rajapaksa to discuss share market affairs. Gotabaya Rajapaksa arranged for Jayaweera, who was known for demanding a free hand for share dealers, to meet with SEC Chairman Karunaratne.

The eruption of the share market scandal points to deep dissatisfaction among layers of the corporate elite with the Rajapaksa Government and its business cronies. The Ceylon Chamber of Commerce has expressed concern over Karunaratne’s resignation, warning that it would send the wrong signal to foreign investors.

These divisions in ruling circles have opened up amid the worsening global economic breakdown, which is impacting heavily on the Sri Lankan economy through declining exports and an emerging balance of payments crisis.

The scandal has revealed a parasitic layer of speculators and share price manipulators operating in collaboration with the government, which will inevitably attempt to pass the burden of the losses onto the working people.

samaritan wrote:DELIMITATION REPORT FORWARDED BY THE GOVT DEFEATED BY THE GOVT. SUBJECT MINISTER TOO VOTES AGAINST. 

Yahapalanaya wrote:

samaritan wrote:DELIMITATION REPORT FORWARDED BY THE GOVT DEFEATED BY THE GOVT. SUBJECT MINISTER TOO VOTES AGAINST. 

It shows how geniune government.It rejects independent comission report.Will it happen in previous goverment..

skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects? 

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

Maharaja wrote:Sky fall,

Maharaja never lie
Below is Commercial bank rates today

skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects? 

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

samaritan wrote:

skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects? 

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

Indian Rupee has remained strong & steady for long years and may be faced with decline at the moment. But SLR has been sliding all the time.

skyfall wrote:

samaritan wrote:

skyfall wrote:Can you please explain me why Indian rupee keeps falling against USD. Is that a reason of Ranil.
Also also explain how we gonna pay back massive loan which previous government took to build some white elephants and also unnecessary projects? 

You people are brain washed. Only a mythical king lives in your mind. That king has stolen billions but you people dontd care

Indian Rupee has remained strong & steady for long years and may be faced with decline at the moment. But SLR has been sliding all the time.

Here comes Maharaja part two. 

Pretty much all 3rd world countries currencies are sliding against USD to boost their exports. Our case is worse cause of this mammoth debt traps thanks to the king.

samaritan wrote:
PARTNERS IN YAHAPALANAYA!

samaritan wrote:
PARTNERS IN YAHAPALANAYA!