Proof that the CSE is driven purely by dumb money.

tubal · 1 Proof that the CSE is driven purely by dumb money. Fri May 13, 2011 9:28 am

tubal

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rueters wrote:Out of 22 people a Reuters correspondent spoke to, 10 of whom work in the financial markets, only three knew who Rajaratnam was

Damn it this is downright embarrasing. One of those people who didn't know could be your stock broker. Rajaratnam was very active in the CSE about 2 years ago. At the time those who had heard his name thought he was a hero inspite of his alleged contributions to the TRO.

rueters wrote:Sri Lanka's Securities and Exchange Commission declined to comment on the verdict.

Two years back they promised a full investigation. http://www.lankabusinessonline.com/fullstory.php?nid=1932638823 what happened to it?

Here is the link to the full reuters story:
http://www.reuters.com/article/2011/05/12/us-galleon-rajaratnam-srilanka-idUSTRE74B35520110512

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Yeah Rajaratnam was touted as the darling of the cse sometime back and many followed his investment decisions. Gold Quest too (ponzy scam ) was heavily investing at one time in fact they had invested in Colombo plaza (Now cinnamon ) whilst the regulators were fast a sleep . That's why it is always good to keep your eyes open.