Sri Lanka securities watchdog removed

lokuayya · 21 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:31 pm

lokuayya

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i think the appointing authority should conduct a very tough IQ test to filter people when appointing to positions like DG of SEC.fools should not be given high profile government positions.
I am telling this because most of the regulatory acts brought in by former DG are foolish ,ill timed acts.they didnt have even just common sense.otherwise who is the fool order sell off of 50% of the market within a short time .
i think we need a man with a brain for this position.

light · 22 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:54 pm

light

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@cseradar wrote:

@light wrote:

@cseradar wrote:Ah.... ha.... We have found the 1st "Mourner"

Concerns over the future of the market is not Mourning. If so I would say we don't have enough mourners.

@ Malik - I don't know about you... However, majority of the people in CSE made huge losses thanks to the regulatory body's "great" work...! Think of,

1. What they did to IPOs - Have anyone got confidence about the IPO
2. What they did to the credit ruling - I am sure majority of the stock brokers and investors suffered heavily.
3. What they did in the "name of Anti Manipulation" - Did they even manage to catch 1 BIG FISH...?

If you want to mourn it is open to you... But most of the investors are happy since they will get back at least what they invested... (I am sure you must be having a all GREEN portfolio to mourn)

Hey I think we are having two different definitions for mourning. Having concerns over the fair play is not mourning at all. Look at some of today's best performers HVA, LHCL.

A market with PE 25 was not sustainable even without regulations. If you can prove HVA is fairly priced I'm willing to "Celebrate" with you.

BTW I'm not malik.
Cheers.

Hash-gin · 23 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:59 pm

Hash-gin

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@lokuayya wrote:i think the appointing authority should conduct a very tough IQ test to filter people when appointing to positions like DG of SEC.fools should not be given high profile government positions.
I am telling this because most of the regulatory acts brought in by former DG are foolish ,ill timed acts.they didnt have even just common sense.otherwise who is the fool order sell off of 50% of the market within a short time .
i think we need a man with a brain for this position.

Its a pity that there are so many in these forums with views such as yourself.
Obviously small investors have lost monies not due to the CSE but been regarded as fools by these big manipulators who use / will continue to use small investors to make thier unscrupilous margins whilst the small investors chases piddly returns on a horse with no legs... (illiuid stocks lacking fundamentals).

do not have petty minded insular views on such things... the DG was pushed upstairs because corrupt market manipulators could not have thier way and were very close to being exposed.

Even with regulation do not complain about things like margin / credit trading.... small investors extend themselves more than what they can afford by using borrowed monies (most of them). In the event of a crash no only do you loose your capital but you can end up being in debt to the banks etc... This market is far from transparent / liquid and mature in terms of investor ability and knowledge to have concepts widely used such as margin trading, short selling etc.

Also the brokers themselves are a law unto themselves who ( i have not come acorss too many) work only to the benefit of the said corrput mainpulators and do not even bother providing advice to small investors other than the occassional encouragement to buy parcels of overvalued pumped up stock parcels which are being dumped by a manipulator or vice versa.

Investors in this market (both in equity, banking, property) have no appreciation for regulation thatnot only makes the market sustainable and transparent in the long term. Look at the obvious pitfalls of HPT, Ceylinco, Pramuka etc... all small time investors driven by market hype of larger investors or mere greed. Remember in the above situations none of the big boys / girls lost money...

Its the small time investor.....

I strongly beleive this will come to bare very soon and those small - medium size investors will face the brunt of such a crash.

Appuhamy · 24 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:04 pm

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I you a professional day trader, these manipulations are ideal for you.
There are people who blame manipulators because they don't have enough time to do day trading while working at office.

Rapaport · 25 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:20 pm

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It is pleasing to see that atleast some wise people realise today's negative move at the SEC. The market will suffer in the long run with the manipulators!

Good one Hasi Gen

Roboticfx · 26 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:27 pm

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We want both watch dog and big players but not as a bomb that going to explode. The ratio should be 1:1

Hash-gin · 27 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:58 pm

Hash-gin

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Most of us also need to understand that these so called "big players" who are proxy launderers are not the real market investors needed for this market. Its a shame that most of the small and medium investors prostitute themselves to apease the appetites of these "big players" .

If you want to chamipon a cause challenge the market regualtors to bring in the real big investors .. i.e. foregin funds, hedge funds and gloabal custodians the likes of CALPERS, Browns, deleted, State Street etc... these are the real investors in a market... medium to long term views who invest in stocks with fundamental value and potential to grow.

Why are these funds are foregin invesotrs constantly moving away from a market that is supposed to be one of the best performing when global markets are plummetting and not providing the required returns. They must be either blinking mad to loose such opportunities or is it that the market lacks transparency, governance in terms of regulation which in effect leads to money laundering and related corrput activities through the market.

Also remember by you the small investor championing the cuase of these drug, murder and extortion fuelled individuals .. you are very much hand in glove in promoting such anti social and illegal acitivities. From an economic and social stand point it is you who will feel the negative effects as this will further propmote drug distirbution. extortion, murder and unethical practices that will effect you and your wider community.................
This is akin to support a terrorist front organisations by investing in companies related to such fronts through contributing funds or eve n purchasing of the said companies products etc... which the money goes towards funding drugs,war and ends up in destroying your very own community etc...

Its a crying shame to see so called educated and urban investors behaving with scant disregard to such ramifications and geeting on the band wagon of such investors purely to see a market turn green... shame on you.

Please note .. my thoughts are not in support of any person or position. My views are based on a principal of governance and doing whats right.. alien to most Sri Lankans. I too have lost money in the market but due to my lack of attnetiveness and own misjudgements ( biggest being sticking with my existing broker and advisor ... due to my tardiness).

The only blame I lay on the regulators (see my previous posts) have been them not acting faster on such investors and brokers.

godswen · 28 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 7:39 pm

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Thumbs up Hash-gin!

swan03 · 29 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 7:44 pm

swan03

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@mark wrote:you have dne a grt job,gud ppl will miss you...former DG let the bubble to grow,bt u taken gud steps to crackdown blood suckers,thanks for that..gud luck to you and god bless to retailers.

Agree with you markii.

rijayasooriya · 30 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 7:57 pm

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@Roboticfx wrote:We want both watch dog and big players but not as a bomb that going to explode. The ratio should be 1:1

I agree with u.Same time I appreciate Mr.Malic's attempt but if he was more flexible he would have been successful.

kiri · 31 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:00 pm

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@mark wrote:you have dne a grt job,gud ppl will miss you...former DG let the bubble to grow,bt u taken gud steps to crackdown blood suckers,thanks for that..gud luck to you and god bless to retailers.

yes mark.god bless to retailers.they will realize near future.

hawklk · 32 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:03 pm

hawklk

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What I don't understand is, did he single-handedly bring down the market? I don't think so. Aren't these rules and regulations are first studied by committee and then implemented?

Does Mr M.C has so much power that he can implement rules and regulations overnight? This is puzzling to me.

uditha9 · 33 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:10 pm

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classic case of bad person trying to do good things &got hammered but i dont think this upward trend will continue much longer.sell as much as you can during this short period of upward trend.probably by next friday things will be back to normal which is red.

rijayasooriya · 34 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:11 pm

rijayasooriya

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@hawklk wrote:What I don't understand is, did he single-handedly bring down the market? I don't think so. Aren't these rules and regulations are first studied by committee and then implemented?

Does Mr M.C has so much power that he can implement rules and regulations overnight? This is puzzling to me.

Most of people in adminstrative level are just puppets in our country.So when there is a one active person he can implement what he wants.

sas · 35 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:23 pm

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First I thought its bcoz IPOs, right issues, credit issues, manipulation, regulations against manipulation, market correction..etc etc.
but seeing todays uptrend with this news, something which happened at the back stage to hear this news, seeing some shares that traded well today, I feel like I'm only a puppet controlled by so called BIG FISHES who can invest millions & mns again & again,
whatever it is I'm making profits with CSE,
shame on me...

lokuayya · 36 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:58 pm

lokuayya

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some people are trying to portray ex dg as a hero who tried to fix manipulators.this is utter lie , during past one year he has done nothing to stop manipulation.when everything failed, when cse dropped 1300 point they just sent few letters to some people .thats the only thing he did to stop manipulation.we all know what was the ultimate results.that was merely a face saving attempt after ruining the market.
this is a brainless act.if he really want to fix manipulators he had many ways.
we all want to stop manipulation.but he couldn't do it and he cant do it.the regulator should be a smart ,resourceful,pragmatic person to do such a thing without damaging market and investing community.simply he does not capacity to do such a thing.

gamaya · 37 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 10:51 pm

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Lets see if horoscope sumane can do a better job

Rapaport · 38 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 11:55 pm

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It is not about Malik or his character, it is how much power manipulators where they can teach regulators a lesson whereas it should be the other way around.

Cheers!

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Sri Lanka securities watchdog removed

21 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:31 pm

lokuayya

22 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:54 pm

light

23 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 5:59 pm

Hash-gin

24 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:04 pm

Appuhamy

25 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:20 pm

Rapaport

26 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:27 pm

Roboticfx

27 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 6:58 pm

Hash-gin

28 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 7:39 pm

godswen

29 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 7:44 pm

swan03

30 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 7:57 pm

rijayasooriya

31 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:00 pm

kiri

32 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:03 pm

hawklk

33 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:10 pm

uditha9

34 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:11 pm

rijayasooriya

35 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:23 pm

sas

36 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 8:58 pm

lokuayya

37 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 10:51 pm

gamaya

38 Re: Sri Lanka securities watchdog removed Wed Nov 02, 2011 11:55 pm

Rapaport

39 Re: Sri Lanka securities watchdog removed

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