Disaster is around the corner!

he hee. in my childhood(say teenage ) i wanted to be like her.

Ben Graham wrote:he hee. in my childhood(say teenage ) i wanted to be like her.

hehee..another girl in forum ?

mmmm yes.

Sorry guys.

Are we going to face it again??? I just sensed something bad. But not sure until i get the confirmation.
However 5800 and 5600 will be key support levels. Coming 1-2 months are important to decide the fate of ASI.

Ben Graham wrote:Sorry guys.

Are we going to face it again??? I just sensed something bad. But not sure until i get the confirmation.
However 5800 and 5600 will be key support levels. Coming 1-2 months are important to decide the fate of ASI.

Today will be green. 

green is all what we need.but dark green won't come until next year

Published in 2011 sept but still valid.


Sri Lanka stock market a "cess pool", says former regulator
09 Sep, 2011 18:55:29
Sept 09, 2011 (LBO) - The Colombo stock market is a "cess pool" of indiscipline with no proper regulation and a "blood bath" waiting to happen," a former head of Sri Lanka's markets watch dog said.

The CSE is a "gold mine" for a few big investors who make money but a disaster waiting to happen for small investors, says Arittha Wikramanayake of law firm Nithya Partners and former Securities and Exchange Commission director-general.
If regulators do not take action to protect investors and ensure fair play, Sri Lanka will not become a financial hub, he told the 8th LBR LBO CFO FORUM.

It was held on the theme 'CSE: A Blood Bath or a Gold Mine' at the Ceylon Continental Hotel attended by a large gathering of corporate executives.

Wikramanayake said he was amused at the idea of making Sri Lanka a financial hub, a stated goal of successive governments, given the speculative and indisciplined nature of the stock market and high price volatility.

"Look at the state of the Colombo stock market. It's an absolute disgrace, a cess pool of indiscipline, there's no sense of regulation, nobody knows what's happening there and we're waiting for a blood bath to happen."

Wikramanayake said activity on the Colombo Stock Exchange appeared to favour a few and endangered the investments of a large number of small investors.

"It is literally a gold mine. You know how a gold mine works. At the top you get the fat cats who make all the bucks. They are the few people who exploit those people below.

"At the bottom of the mine are all these people slaving away, doing the dirty work - they are people who will get burnt in the end."

Wikramanayake deplored the manner in which prices of illiquid shares of small companies are being pushed up by a few market manipulators, saying retail investors who play the stocks risk losing money.

"How do prices go up? There's ultimately a buyer and those are the retail investors and they are waiting to get burnt.

"Who will take the responsibility for not protecting them when they need protection?," Wikramanayake asked, saying the regulator ought to do more to ensure fair play and protect investors.

"I'm not finding fault with the regulator and I'm not finding fault with the people who make money. They are entitled to make money and obviously they are making money without breaking any laws.

"Because if they are breaking any laws the SEC can take them to court and put a stop to it," Wikramanayake said.

"When there is a disaster staring at you in the face, the regulator has a responsibility to bring in regulations and try to stem the tide.

It is important to create an informed, sophisticated investor, Wikramanayake said.

"The retail investor is staring disaster in the face. It is important for the SEC to bring in regulations and at least educate investors. The SEC is responsible for maintaining a fair and orderly market and protecting the interests of the investors. I don’t see that happening now."

Wikramanayake warned that if no corrective action is taken the market might not be able to recover from a collapse.

"If nothing is done to correct this we're not going to be able to resurrect the Colombo stock exchange after the next debacle. So we can forget about being financial hub. It will never happen.

"So yes, the answer is, it is a gold mine - for people who make money out of a gold mine are the people on top. There are a whole lot of others at the bottom who just slave away and let others make money at their expense."

i like this trend. So we can collect slowly and only longterm players will remain in market for a very long period.

dudi wrote:green is all what we need.but dark green won't come until next year

Read this news. Confusing no?

Presidential Elections in early 2014

The President is intending to postpone Western, Uva and Southern Provincial Council elections and hold a Presidential Election prior to Sinhala and Tamil New Year next year (2014), reports say.

The President's advisers are of the view that a sudden Presidential election would be advantageous for the President due to the international recognition he will receive after being appointed as the Chairman of the Commonwealth and the disunity within the opposition.

Furthermore, the economic crisis which might take place from the middle of next year and the risk of a common opposition candidate coming into the fray have also been pointed out as other reasons for this decision, reports say.

Human rights advisers to the President have also emphasized that in order to show that the public is with the President when the Human Rights Commission apply negative conditions next March, it is appropriate to hold the election during the same period.

It has also been reported that the President is expecting to consult the Supreme Court in order to inquire about the constitutional capacity to hold a Presidential Election next year.

In addition, the President has informed his brother Minister Basil Rajapaksa, who is currently receiving treatment abroad for a certain ailment, to get ready to lead the Presidential Election battle and he has also requested the Secretary of Finance Ministry P. B Jayasundara to present a plan to provide relief to the public, reports government sources.
http://srilankamirror.lk/news/11593-presidential-elections-in-early-2014