CFLB director purchases!

godswen · 1 CFLB director purchases! Thu Mar 24, 2011 4:27 pm

godswen

Senior Manager - Equity Analytics

Posts : 469
Equity Stars : 5711
Reputation : 65
Join date : 2011-02-02

Hey,
Have yall noticed the purchases done by Mr. A, Rajaratnam trough out this month.. He has been buying since the beginning of march and for the month he has purchased a total of 5400 shares at an average cost of 395... Well it's not huge and he has bought a huge quantity in october last year at 186,

But who knows there might be a reason behind this buying, or publishing announcements in cse.lk rather, Last time also there were director purchasing before the sudden rise in the share...

Anyways CFLB is manipulated at least to some extent but still some say it's worth more than this price.. And a split is coming up but there were not enough interest on this after the split announcements also.. So What are your views on this?

p.s-Yes I do hold this counter, Alot at a higher price! Very Happy

duke · 2 Re: CFLB director purchases! Thu Mar 24, 2011 4:52 pm

duke

Senior Manager - Equity Analytics

Posts : 552
Equity Stars : 5720
Reputation : 86
Join date : 2011-03-14

i was going to post this couple of days ago. there was a notice that CFLB director has bought 800 shares. Smile

isn't that marvelous.
so what is the total 5400? there must be retailers buying more than that.

but you're right this is what happens always.
i think this is utter manipulation but there's nothing law enforcement can do about this.

godswen · 3 Re: CFLB director purchases! Thu Mar 24, 2011 4:56 pm

godswen

Senior Manager - Equity Analytics

Posts : 469
Equity Stars : 5711
Reputation : 65
Join date : 2011-02-02

duke wrote:i was going to post this couple of days ago. there was a notice that CFLB director has bought 800 shares. isn't that marvelous.
so what is the total 5400? there must be retailers buying more than that.

but you're right this is what happens always.
i think this is utter manipulation but there's nothing law enforcement can do about this.

Yes some days only 300, But I mentioned that was for the whole month march he has bought a total of 5400 shares at an average of 395.. And yes retail buying is much more higher than this.. But I said there is manipulation, could be done by directors also..