Enemies of the market are becoming desperate !

OneRupee · 1 Enemies of the market are becoming desperate ! Mon Dec 05, 2011 11:46 am

OneRupee

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By Sarath Rajapaksa

Dec 05, 2011 (LBT) - Enemies of the market are becoming desperate. They are coming out of their holes to attack the market with full force. The opposition controlled media have lost their cool and are now starting to show their true colours.

These disruptive elements are getting out their entire armoury in a desperate attempt to smother the rising market. But the Government is too strong for these saboteurs and they’ll soon be back in their holes and the market will continue its rise to be the Best Performing Market in the World in 2011.

There is no better advertisement to attract foreign investment in to Sri Lanka and the Government has now realized that.

The new chairman of the Securities and Exchange Commission (SEC) may assume duties either today or tomorrow and the new commissioners may be appointed this week.

Their first task will be to implement the decisions taken at the meeting of the brokers with the President Mahida Rajapaksa. That will be the take off point for the market.

Touchwood Investment case got postponed again. But the company is in the process of establishing some strategic alliances with some strong investment partners such as Sunshine Holdings PLC.

This week will be an eventful one when lot of things are expected to happen that will usher in the new era and signal the end of the bad days.

Market movers and shakers have started to return for sure.

BUY signals are still there in both ASI & MPI charts pointing towards a big Bull Run in the making. Bargain Hunters still have a chance to grab the bargains available yet. We repeat that those who have bought at high prices can now start averaging up. Remember you must average up in a rising market but never average down in a falling market

Slstock · 2 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 12:09 pm

Slstock

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Don;t you feel this respected broker should concentrate on sharing knowledge about stock market ( maybe some good analysis on share to buy) than deviate so much to talk politics like

"These disruptive elements are getting out their entire armoury in a desperate attempt to smother the rising market. But the Government is too strong for these saboteurs and they’ll soon be back in their holes and the market will continue its rise to be the Best Performing Market in the World in 2011. "

It good to be optimistic and I too hope he is right, but after the broker meeting woth president I see that he is diverting his main focus to include politics.

OneRupee · 3 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 12:14 pm

OneRupee

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slstock wrote:

Don;t you feel this respected broker should concentrate on sharing knowledge about stock market ( maybe some good analysis on share to buy) than deviate so much to talk politics like

"These disruptive elements are getting out their entire armoury in a desperate attempt to smother the rising market. But the Government is too strong for these saboteurs and they’ll soon be back in their holes and the market will continue its rise to be the Best Performing Market in the World in 2011. "

It good to be optimistic and I too hope he is right, but after the broker meeting woth president I see that he is diverting his main focus to include politics.

Well for me, he seems to be talking sense, except for the pro governmental comments, which you have correctly highlighted.

suchithra · 4 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 12:19 pm

suchithra

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When opposition media started their attack......... Pl send facts n figures..........?

aj · 5 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 12:34 pm

aj

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What this letter implies is that we, brokers, removed the SEC regulators, we, brokers, are appointing the SEC officials, we, brokers, say what the rules are, we have given the our rules to the President and they're going to be the rules. This questionable character is announcing that publicly.
This gives a very bad image to the foreign investments.

Tiger · 6 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 12:56 pm

Tiger

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I prefer to refrain from commenting on the above article.

Its professionally disgusting to me the way some of the seniors are behaving in the market, after all many of them are responsible for plight of many retailers.

Niwa · 7 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 1:50 pm

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they did nothing for the country but a devastation!

duke · 8 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 6:27 pm

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This is shameful behavior only happens in Sri Lanka. In civilized countries these kind of brokers would be in jail.

bakapandithaya · 9 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 6:41 pm

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duke wrote:This is shameful behavior only happens in Sri Lanka. In civilized countries these kind of brokers would be in jail.

But this will never happen my bro in SL

insidertrader · 10 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 8:06 pm

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There is no better advertisement to attract foreign investment in to Sri Lanka and the Government has now realized that.

In 2009, 2010 did foreign investors come to buy stocks? No, they sold like close to 50 billion worth so far. Local investors bought those expensive shares. If this is an advertisement then this is a very very very expensive advertisement. Wouldn't it be cheaper to show good ethics, transparency, no bribes, productive and educated society to the world? You can put some advertisements in the international media too if you want for fraction of the cost.
Even with that best performing market nobody even lists CSE in charts. Even Pakistan market is in the business magazine lists. Nobody talks about the CSE because there's nothing in it, too small, no free float and on top of that no regulators and manipulators and brokers are running the market now.

The new chairman of the Securities and Exchange Commission (SEC) may assume duties either today or tomorrow and the new commissioners may be appointed this week.

Their first task will be to implement the decisions taken at the meeting of the brokers with the President Mahida Rajapaksa. That will be the take off point for the market.

The relationship between the broker and the SEC is the same as the teacher and the student or magistrate and the plaintiff, defendant. (BTW SEC is the regulator not the promoter.) How come the broker say, hey you'll have a new chairman soon. Did the brokers get rid of the old chairman? His first task will be to implement rules decided by the brokers? Shouldn't the SEC dictate the rules the brokers should follow? In which civilized society does the brokers make the laws?

Touchwood Investment case got postponed again. But the company is in the process of establishing some strategic alliances with some strong investment partners such as Sunshine Holdings PLC.

This is disgusting. A head of a broker firm promoting a speculative stock.

This week will be an eventful one when lot of things are expected to happen that will usher in the new era and signal the end of the bad days.

Market movers and shakers have started to return for sure.

How does the broker know? Does the broker has insider information? Are the brokers who make the events happen? Who are the market movers and shakers in CSE? The big manipulators?

BUY signals are still there in both ASI & MPI charts pointing towards a big Bull Run in the making. Bargain Hunters still have a chance to grab the bargains available yet. We repeat that those who have bought at high prices can now start averaging up. Remember you must average up in a rising market but never average down in a falling market

So this is like race. You grab as much stock as you can and wait for the race to start? This is not what that Prathilaba program said. You invest on good businesses for long term. Is this how brokers advise the public?

Unfortunately we don't have a SEC to investigate the malpractices in the CSE because the criminals already got rid of them. What happened to the investigations started by the SEC? Who are the brokers that popped up in the investigations?

Asoka Samarakone · 11 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 8:17 pm

Asoka Samarakone

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The market has a lot of tricks to suck you in at the wrong time.

wiki · 12 Re: Enemies of the market are becoming desperate ! Mon Dec 05, 2011 8:29 pm

wiki

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SR's analysis (rather reporting) good for nothing

bakapandithaya wrote:

duke wrote:This is shameful behavior only happens in Sri Lanka. In civilized countries these kind of brokers would be in jail.

But this will never happen my bro in SL