Chairman, Directors cash in before Asia Asset bursts

krishan Aakash wrote:I think AAf is very good share and it has very rocky future.withing next two or three moths it would trade around 20 range.

manula wrote:@npp, not the media.. when suddenly price went like a rocket with in two/three dsys why SEC cannot investigate.. They know the real valvue of the share, IPO price.. so they can see why these price moving very fast. any good news from the company, last quater profit..or any reason...?? if not that is manipulation.. retailors go behind the rally,, when price moving ..thinking it will go further ( with out studying the share).. yes these types of rallies past also ...but no action... the CSE trying to take the action after all the harm done.

npp wrote:

rijayasooriya wrote:

npp wrote:

rijayasooriya wrote:

npp wrote:i must agree with wikum100 on certain things here.

The directors 'could' have had a hand in the rally. Who can be sure?
Although it does appear to be a fake rally (manipulated one), since the initial issue was not successful.
Yet, the volumes traded were very large. But think, why should the retailers who did not want to buy at 2.50 wanted to buy all the way up to 8?

They wanted a quick buck and some would have gained and some lost. It depends on their luck, timing and intelligence (or foolishness)

These type of rallies have been there in the past and it's about time people learnt these at least the hard way.

The media could do something about it but even they cannot simply allege that it is manipulation without evidence. It may be a shortcoming of the watchdog that it hasn't proved anything.

I did not buy this at 2.50. I wanted to try my 'luck' with this and bought a small qty at 7.30. It went up to 8 but then came down and I sold at the price I bought with a slight loss. I did not complain since it was at my risk.

I do not expect multiple smileys from a moderator. I remember even Quibit mentioning such a thing. Maybe excludes mods. But then again would appreciate a few words if you have anything to say.

Those are called emoticons which would give thousands meaning to an intelligent person and there is no reason to drag moderatorship in to this issue unless there is ____(I can not find a good emoticon)

if you want to talk about it, first know the difference between smileys and emoticons.
and yes i can understand what the smiley means but did not realise you had 9 faces.

no wonder the forum is like this when you as a moderator set an example against etiquette.

still there is no constructive reply to what I posted other than useless stuff.

I also realize that no point in asking for a reply from you as it will serve no purpose. So i'll sign this off.

npp wrote:

manula wrote:@npp, not the media.. when suddenly price went like a rocket with in two/three dsys why SEC cannot investigate.. They know the real valvue of the share, IPO price.. so they can see why these price moving very fast. any good news from the company, last quater profit..or any reason...?? if not that is manipulation.. retailors go behind the rally,, when price moving ..thinking it will go further ( with out studying the share).. yes these types of rallies past also ...but no action... the CSE trying to take the action after all the harm done.

manula,
I agree. But it has been the case for a long time. What possibly can we expect?
I remember some years ago companies use to declare that they have no idea about the sudden change in price and all but no longer such things are seen.

My point is, price appreciates as long as people are buying. We can do our part by not falling into those traps by not buying at absurd prices, which will reduce such manipulations.

npp wrote:

manula wrote:@npp, not the media.. when suddenly price went like a rocket with in two/three dsys why SEC cannot investigate.. They know the real valvue of the share, IPO price.. so they can see why these price moving very fast. any good news from the company, last quater profit..or any reason...?? if not that is manipulation.. retailors go behind the rally,, when price moving ..thinking it will go further ( with out studying the share).. yes these types of rallies past also ...but no action... the CSE trying to take the action after all the harm done.

manula,
I agree. But it has been the case for a long time. What possibly can we expect?
I remember some years ago companies use to declare that they have no idea about the sudden change in price and all but no longer such things are seen.

My point is, price appreciates as long as people are buying. We can do our part by not falling into those traps by not buying at absurd prices, which will reduce such manipulations.