NOTICE from CSE,

investor1984 · 21 Re: NOTICE from CSE, Wed Sep 14, 2011 8:54 am

investor1984

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No need to worry mate, now there is a provision for credit , so brokers with assets will lend , brokers who have no liquid assets will force sell, but their customers will leave them . So the red light is On for the brokers with no liquid assets . its only 25% credit , we went through 50% credit clearance , and we survived.. actually we are live and kicking ... ASI above 6900 , dont panic people... good things are yet to come.

windi5 · 22 Re: NOTICE from CSE, Wed Sep 14, 2011 9:05 am

windi5

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Lots of force selling took place even end of July.That was on of the main reason that brought mkt below 6500 level. With the SECs announcement on 16.Aug.2011, ppl rushed to buy shares on credits without proper studying of the new rule. Many brokers are not providing credits now or most of them are not up to the SECs requirements to provide credits so same T-5 has been implementing . Even after SECs announcement, force selling took place and we saw various posts by our members regarding force selling. That 8b story came before July, with the force selling took place in July, it should be a relatively small amount still to be cleared. Does any one know exactly the remaining amount of credits that is to be cleared?

Rajaraam · 23 Re: NOTICE from CSE, Wed Sep 14, 2011 12:28 pm

Rajaraam

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@investor1984 wrote:No need to worry mate, now there is a provision for credit , so brokers with assets will lend , brokers who have no liquid assets will force sell, but their customers will leave them . So the red light is On for the brokers with no liquid assets . its only 25% credit , we went through 50% credit clearance , and we survived.. actually we are live and kicking ... ASI above 6900 , dont panic people... good things are yet to come.

You are 100% correct my friend. I fully agreee with your obsevatons.

+ rep from me.

kumudu · 24 Re: NOTICE from CSE, Wed Sep 14, 2011 2:07 pm

kumudu

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you are not a investor but lackluster. people like you created grease devils

kumudu · 25 Re: NOTICE from CSE, Wed Sep 14, 2011 2:11 pm

kumudu

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today's market is down due to euro zone bank down grade
http://www.reuters.com/article/2011/09/14/us-eurozone-idUSTRE78B24R20110914

RIO · 26 Re: NOTICE from CSE, Wed Sep 14, 2011 2:44 pm

RIO

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@kumudu wrote:today's market is down due to euro zone bank down grade
http://www.reuters.com/article/2011/09/14/us-eurozone-idUSTRE78B24R20110914

Damn Euro....!
Speak to your Adviser....SEC has ruled to clear all debts given recently (T+5) Todays fall due to force selling & we can expect a Down fall again by end of this month too due to clearing of Balance 25% credit

kumudu · 27 Re: NOTICE from CSE, Wed Sep 14, 2011 2:49 pm

kumudu

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it is if you get credit beyond 50% of your portfolio and it can happen when your share price drop.

RIO · 28 Re: NOTICE from CSE, Wed Sep 14, 2011 2:59 pm

RIO

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@kumudu wrote:it is if you get credit beyond 50% of your portfolio and it can happen when your share price drop.

Brother I'm talking with hands on experience... my broker wanted me to settle today or face force sell as per SEC instructions they received recently. my credit is far below 20% of my portfolio value even if we take todays close AW prices....! (the broker firm is one of SL biggest & most financially sound one with the backing of a bank which is set up for the sole purpose of Developing the Nation)

kumudu · 29 Re: NOTICE from CSE, Wed Sep 14, 2011 3:10 pm

kumudu

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ok, i have 1.4million credit. i asked my broker about this, he said there is no such settlement. find more details and confirm it please

Genting · 30 Re: NOTICE from CSE, Wed Sep 14, 2011 4:20 pm

Genting

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@RIO wrote:

@kumudu wrote:it is if you get credit beyond 50% of your portfolio and it can happen when your share price drop.

Brother I'm talking with hands on experience... my broker wanted me to settle today or face force sell as per SEC instructions they received recently. my credit is far below 20% of my portfolio value even if we take todays close AW prices....! (the broker firm is one of SL biggest & most financially sound one with the backing of a bank which is set up for the sole purpose of Developing the Nation)

Is it Acuity?

Today I was asked to settle my whole outstanding. But that was still under T+3. I think Acuity is having some problems with liquidity.

gameboy · 31 Re: NOTICE from CSE, Wed Sep 14, 2011 5:10 pm

gameboy

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Oh Man! Man! This is like the timid hare story of "falling of sky". Before writing such a thing you better see the real potential impact and what has really happenned. Do you know how many faxes and calls getting from SEC/CSE by broker firms? It is a normal day to day activity and that is how these establishments are working to gather. You don't have to panic for that my friend. Mark my word ASPI will definitely up in September.No offence intended please.

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NOTICE from CSE,

21 Re: NOTICE from CSE, Wed Sep 14, 2011 8:54 am

investor1984

22 Re: NOTICE from CSE, Wed Sep 14, 2011 9:05 am

windi5

23 Re: NOTICE from CSE, Wed Sep 14, 2011 12:28 pm

Rajaraam

24 Re: NOTICE from CSE, Wed Sep 14, 2011 2:07 pm

kumudu

25 Re: NOTICE from CSE, Wed Sep 14, 2011 2:11 pm

kumudu

26 Re: NOTICE from CSE, Wed Sep 14, 2011 2:44 pm

RIO

27 Re: NOTICE from CSE, Wed Sep 14, 2011 2:49 pm

kumudu

28 Re: NOTICE from CSE, Wed Sep 14, 2011 2:59 pm

RIO

29 Re: NOTICE from CSE, Wed Sep 14, 2011 3:10 pm

kumudu

30 Re: NOTICE from CSE, Wed Sep 14, 2011 4:20 pm

Genting

31 Re: NOTICE from CSE, Wed Sep 14, 2011 5:10 pm

gameboy

32 Re: NOTICE from CSE,

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