Bad news Bulls

illuminati · 26 Re: Bad news Bulls Mon Dec 26, 2011 7:57 pm

illuminati

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insidertrader wrote:

illuminati wrote:To put it simply in a severe bear market " Once in a lifetime bargains of today " becomes a " hellish nightmare " over a period of time. That is the bitter truth of a bear run.

True. How many times did people say these are under valued fundamental shares and after some time their prices break the old under valued prices by quite a lot.

I am afraid the so called "correction" may drag for a long time. Therefore think twice before you load yourself with "unbelievable bargains"

rijayasooriya · 27 Re: Bad news Bulls Mon Dec 26, 2011 9:47 pm

rijayasooriya

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insidertrader wrote:This is the official statement. This is a good thing. Only manipulators, broker huts, gamblers will not like it.

The implementation of DVP and risk management practices is to be
completed in mid-2012 and will be a first step towards transforming the CSE into a modern exchange on par with the most developed global exchanges.

http://www.cse.lk/cmt/upload_cse_announcements/7821317101794_.pdf

\
Look at date of this press release...27th september 2011.
Where did u find it ? I can not see it in media room of cse.lk

prabath · 28 Re: Bad news Bulls Mon Dec 26, 2011 9:53 pm

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Illuminati,Who's your big boss,How much you are paid for putting comments here??Tell your big boss or yourself to buy some shares before it's too late.Happy trading illuminati (King of negativism) Razz

insidertrader · 29 Re: Bad news Bulls Mon Dec 26, 2011 9:56 pm

insidertrader

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rijayasooriya wrote:

insidertrader wrote:This is the official statement. This is a good thing. Only manipulators, broker huts, gamblers will not like it.

The implementation of DVP and risk management practices is to be
completed in mid-2012 and will be a first step towards transforming the CSE into a modern exchange on par with the most developed global exchanges.

http://www.cse.lk/cmt/upload_cse_announcements/7821317101794_.pdf

\
Look at date of this press release...27th september 2011.
Where did u find it ? I can not see it in media room of cse.lk

Check out this week Sunday Times. There was an article talking about the things SEC is going to do. DVP was one item.

Rajaraam · 30 Re: Bad news Bulls Mon Dec 26, 2011 10:09 pm

Rajaraam

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rijayasooriya wrote:

insidertrader wrote:This is the official statement. This is a good thing. Only manipulators, broker huts, gamblers will not like it.

The implementation of DVP and risk management practices is to be
completed in mid-2012 and will be a first step towards transforming the CSE into a modern exchange on par with the most developed global exchanges.

http://www.cse.lk/cmt/upload_cse_announcements/7821317101794_.pdf

\
Look at date of this press release...27th september 2011.
Where did u find it ? I can not see it in media room of cse.lk

All of a sudden a handful of ppl have opened accounts here(during last few days) just to publish negative posts stating /indicating that market is still in a bear run and suggest small investors to sell their PF. This is a well planned game by one or two Big guys who want to collect largely at present market price. They have failed to collect large quantities coz small investors dont panic to sell these days as they have realaise that an upward trend is very close or already started. If these guys are genune why they were too late to come to the forum and advice our members.Pl. be careful

Rajaraam · 31 Re: Bad news Bulls Mon Dec 26, 2011 10:24 pm

Rajaraam

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Dear rejayasooriya,
Thank u for findings. Otherwise everybody believes what illuminati says. This is not a new decision. It is an announcement published on 27th sep 2011. But some guys published it here now after 3 months of the announcement not to help us but just to give a wrong message to our members. They expect members who come to know about this will start selling their PF from tomorrow for them to collect. Pl.
Small investors, dont allow these ppl to rob your PF

amilaela · 32 Re: Bad news Bulls Mon Dec 26, 2011 11:02 pm

amilaela

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what is DVP

Rajaraam · 33 Re: Bad news Bulls Mon Dec 26, 2011 11:11 pm

Rajaraam

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amilaela wrote:what is DVP

Delivery versus payment system. For more detail pl visit Sep . 27th CSE announcement below;

http://www.cse.lk/cmt/upload_cse_announcements/7821317101794_.pdf

manula · 34 Re: Bad news Bulls Tue Dec 27, 2011 12:55 am

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Rajaraam wrote:Dear rejayasooriya,
Thank u for findings. Otherwise everybody believes what illuminati says. This is not a new decision. It is an announcement published on 27th sep 2011. But some guys published it here now after 3 months of the announcement not to help us but just to give a wrong message to our members. They expect members who come to know about this will start selling their PF from tomorrow for them to collect. Pl.
Small investors, dont allow these ppl to rob your PF

Yes.. i am agree with you. When i first read i thought that it is newly going to introduce. But it was published on 27st sep 2011. Nothing to panic...

sriranga · 35 Re: Bad news Bulls Tue Dec 27, 2011 2:00 am

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manula wrote:

Rajaraam wrote:Dear rejayasooriya,
Thank u for findings. Otherwise everybody believes what illuminati says. This is not a new decision. It is an announcement published on 27th sep 2011. But some guys published it here now after 3 months of the announcement not to help us but just to give a wrong message to our members. They expect members who come to know about this will start selling their PF from tomorrow for them to collect. Pl.
Small investors, dont allow these ppl to rob your PF

Yes.. i am agree with you. When i first read i thought that it is newly going to introduce. But it was published on 27st sep 2011. Nothing to panic...

In this forum also the details were posted on the sameday.

Please see the following link.
http://forum.srilankaequity.com/t10667-cse-to-introduce-progressive-risk-management-model

gamaya · 36 Re: Bad news Bulls Tue Dec 27, 2011 9:01 am

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I think traders with margin trading accounts would not be affected.

Expert · 37 Re: Bad news Bulls Tue Dec 27, 2011 3:26 pm

Expert

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I read this news quite a long time ago (appears to be in September). I wonder how the community here missed it. Most seem to be unaware of it and blame the person found it all of a sudden. May be (s)he too saw it only now. That also is a quotation from a RECENT, NEWS PAPER article; think carefully, whom to be blamed. I am not covering up anyone here.

http://www.ft.lk/2011/09/28/cse-steps-up-risk-management-hires-indian-counterpart-for-dvp/

There will be no margin at all, for one to buy when they encounter a share at a lower price and pay later - may be on T+3. You have to have sufficient cash in your account always if you are to do that, with this new system.

Market Sucker · 38 Re: Bad news Bulls Wed Dec 28, 2011 10:59 am

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so we cant buy more than money what we have in our accts?

Rajaraam · 39 Re: Bad news Bulls Wed Dec 28, 2011 9:56 pm

Rajaraam

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Market Sucker wrote:so we cant buy more than money what we have in our accts?

That is a misunderstanding my friend. If you dont have enough money in your Account next option is credit. If you need to buy even in a situation that you dont have a credit balance in your Account.Then you have to apply for a credit facility. Some brokers have already set up sister companies to lend their costermers( Eg. JB Securities)Once you arrange such a credit facility you can go up to that limit even under DVP system.
So nothing to worry.

Kumar · 40 Re: Bad news Bulls Wed Dec 28, 2011 10:00 pm

Kumar

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Rajaraam wrote:

Market Sucker wrote:so we cant buy more than money what we have in our accts?

That is a misunderstanding my friend. If you dont have enough money in your Account next option is credit. If you need to buy even in a situation that you dont have a credit balance in your Account.Then you have to apply for a credit facility. Some brokers have already set up sister companies to lend their costermers( Eg. JB Securities)Once you arrange such a credit facility you can go up to that limit even under DVP system.
So nothing to worry.

Your are perfectly correct. Nothing to worry.