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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » This is how some Directors do

This is how some Directors do

Go down  Message [Page 1 of 1]

1This is how some Directors do Empty This is how some Directors do Thu Oct 13, 2011 3:50 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
I 've observing some shares which were having upward trend during last few months.
Some shares which do not have fundamental support for its price even being traded by directors for very higher prices.

Eg-If We Take Share-AA(AA is a assumption)
It was stagnant for years.No body cared even fundamentally sound to a certain price range .
But when some triggering incident happened , it started moving.On its ride , on the way one investor got in to fast moving vehicle at the price of Rs 150.Now it fast moving .Rs 170,190 ,say upto 370.
Then suddenly there is a crossing at Rs 350 by a director to director or some other party.Then we think directors/investors have bought at that price , bcoz it is worth buying at that price range.Then some start to buy and that will be driven to Rs 450 level even forgetting the fact that fundamentally it should be around Rs 80-120.

But what they have actually done is this .
They do a crossing at Rs 350.
But they know exactly the real value.
The difference between real value and inflated value is being transferred secretly.
Eg-(an average price of the Difference of Rs 350-Rs 120 into No Of shares at a crossing)Buyer who bought the shares was not buying at Rs 350 (less than that)
and the seller also same.
Worst part is our retailers ...bought above Rs 350
If you can apply this theory to some shares which had an upward trend recently.

2This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 4:05 am

sriranga

sriranga
Co-Admin
mmmm possible.
Then this would be theft, plain and simple. So, the Directors of some companies are STEALING our money?
Shame no?

http://sharemarket-srilanka.blogspot.co.uk/

3This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 5:50 am

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
RGEM covered all it's company losses by share price,lol,some of the companies are not in operation and yet share price goes up.

4This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 7:12 am

kiwi

kiwi
Senior Equity Analytic
Senior Equity Analytic
So who are the fools buying these shares and helping inflate the bubble? Are they not equally guilty?

5This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 7:56 am

dratnayake


Equity Analytic
Equity Analytic
Shouldn't the CSE do something about the companies that are not in operation? They are misleading some poor chaps who don't do the research. I know that they should do their own, but come on... at least for the companies which do not have operations????

http://www.luhududanweem.com

6This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 8:22 am

arrowms


Manager - Equity Analytics
Manager - Equity Analytics
@dratnayake wrote:Shouldn't the CSE do something about the companies that are not in operation? They are misleading some poor chaps who don't do the research. I know that they should do their own, but come on... at least for the companies which do not have operations????
100% agree, we pay commission for useless service of CSE and some broker firms
I am repeatedly saying this in this forum.

7This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 8:27 am

dratnayake


Equity Analytic
Equity Analytic
Yeah Arrowms, plus their crap so called sophisticated systems are buggy every other day

http://www.luhududanweem.com

8This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 8:44 am

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@soileconomy wrote:I 've observing some shares which were having upward trend during last few months.
Some shares which do not have fundamental support for its price even being traded by directors for very higher prices.

Eg-If We Take Share-AA(AA is a assumption)
It was stagnant for years.No body cared even fundamentally sound to a certain price range .
But when some triggering incident happened , it started moving.On its ride , on the way one investor got in to fast moving vehicle at the price of Rs 150.Now it fast moving .Rs 170,190 ,say upto 370.
Then suddenly there is a crossing at Rs 350 by a director to director or some other party.Then we think directors/investors have bought at that price , bcoz it is worth buying at that price range.Then some start to buy and that will be driven to Rs 450 level even forgetting the fact that fundamentally it should be around Rs 80-120.

But what they have actually done is this .
They do a crossing at Rs 350.
But they know exactly the real value.
The difference between real value and inflated value is being transferred secretly.
Eg-(an average price of the Difference of Rs 350-Rs 120 into No Of shares at a crossing)Buyer who bought the shares was not buying at Rs 350 (less than that)
and the seller also same.
Worst part is our retailers ...bought above Rs 350
If you can apply this theory to some shares which had an upward trend recently.

I am trying to understand what you are telling .... it is sound to me like this.. Director buy A share at 350 from another director but its real value is 150... So the balance 200 is exchange off hand..

9This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 7:34 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
yes Wiki.
simply They create an artificial buying which doesnt give the true picture.
They do in a way that people would be convinced about the share price.
But under hand they do deals in .......

10This is how some Directors do Empty Re: This is how some Directors do Thu Oct 13, 2011 8:03 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@soileconomy wrote:I 've observing some shares which were having upward trend during last few months.
Some shares which do not have fundamental support for its price even being traded by directors for very higher prices.

Eg-If We Take Share-AA(AA is a assumption)
It was stagnant for years.No body cared even fundamentally sound to a certain price range .
But when some triggering incident happened , it started moving.On its ride , on the way one investor got in to fast moving vehicle at the price of Rs 150.Now it fast moving .Rs 170,190 ,say upto 370.
Then suddenly there is a crossing at Rs 350 by a director to director or some other party.Then we think directors/investors have bought at that price , bcoz it is worth buying at that price range.Then some start to buy and that will be driven to Rs 450 level even forgetting the fact that fundamentally it should be around Rs 80-120.

But what they have actually done is this .
They do a crossing at Rs 350.
But they know exactly the real value.
The difference between real value and inflated value is being transferred secretly.
Eg-(an average price of the Difference of Rs 350-Rs 120 into No Of shares at a crossing)Buyer who bought the shares was not buying at Rs 350 (less than that)
and the seller also same.
Worst part is our retailers ...bought above Rs 350
If you can apply this theory to some shares which had an upward trend recently.
What you are telling is possible but highly unlikely. Can you give any example of unusually crossings like that?
This is impossible to happen on high cap/blue chip counters.
There may be a slight possibility of this happening though. But,

1. Crossings are highly monitored
2. Can only happen at the current market price
3. It has to be over 20 million worth or over 5% market cap
4. It is not shown in order book or queued up so that usual trades will not be affected (need confirmation)
5. When making buy sell decisions based on trading patterns, usually crossings are not considered.
#Seriously! It is a private deal as the name implies and you should not be taken that in to your decision making process

11This is how some Directors do Empty Re: This is how some Directors do Fri Oct 14, 2011 9:19 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
(1) CROSSINGS ARE NOT HIGHLY MONITORED.SINCE BUYER AND SELLER DOES THE TRANSACTION ON A AGREED PRICE.THIS IS THE MOST LESS MONITORED THING.

(2) CROSSINGS CAN OR CAN NOT HAPPENED AT MARKET PRICE.SHARE PRICES ARE ARTIFICIALLY PUSHED UP AND CROSSINGS ARE DONE AT A HIGHER PRICE(THIS IS EXACTLY HAPPENING AT THE MOMENT)

(3) IT IS NOT SHOWN ON THE ORDER BOOK.BUT IT IS ROUTED THROUGH TRADING BOARD.THAT IS WHY AFTER A CROSSING WE SEE LOT OF TRANSACTIONS ARE DONE AT A SIMILAR PRICE.

(4) EVEN THOUGH TRADING PATTERNS ARE NOT DIRECTLY AFFECTED BY CROSSINGS, THEY CREATE OR GIVE SOME INDICATION OF THE SHARE PRICE
WHICH MAY NOT BE THE CORRECT PRICE AND IT IS SOME SORT OF A UNFAIR JUSTIFICATION OF A BUBBLED SHARE .
THAT IS WHY I HAVE SEEN MANY POSTS OF THIS FORUM SAYING "DIRECTORS ARE BUYING/THIS FELLOW IS BUYING.................THEN THIS SHARE SHOULD MOVE UP...

(5) ALTHOUGH IT IS A PRIVATE DEAL , IT INFLUENCES MARKET A LOT.


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