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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Poll on the removal of Director general.

Poll on the removal of Director general.

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Is the Removal of Director general a fair desicion?

Poll on the removal of Director general. - Page 2 Vote_lcap47%Poll on the removal of Director general. - Page 2 Vote_rcap 47% [ 39 ]
Poll on the removal of Director general. - Page 2 Vote_lcap53%Poll on the removal of Director general. - Page 2 Vote_rcap 53% [ 44 ]
Total Votes : 83

Poll closed

Go down  Message [Page 2 of 2]

UKboy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
1st of all I'm happy to see that at least around half of the people vote against this decision.

whoever think manipulation can be eliminated from a 3rd world country stock exchange, must be living in a dream world.

I dont know the exact reason why he had to give up his job but its very sad day for the market.

As long as mini retailer go behind junks and buying those at top. nothing is gonna happen to the market.

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@UKboy wrote:1st of all I'm happy to see that at least around half of the people vote against this decision.

whoever think manipulation can be eliminated from a 3rd world country stock exchange, must be living in a dream world.

I dont know the exact reason why he had to give up his job but its very sad day for the market.

As long as mini retailer go behind junks and buying those at top. nothing is gonna happen to the market.


These type of solutions-(removing Malik Cadre) for the market downturn is just like wearing a "Amude" for Dysentry. People think they are done but will later notice shit all over. Razz

Similar thing happened couple of months ago once SEC relaxed credit rules, market jumped to ASI-7000 and fallen in to deep shit within weeks.

Chabbi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ UK BOY
dnt think this as easy..if mkt crashd many foreign funds wud exit..it wud worst & horrible..
my one close frnd said if this correctn continue asi maximum wud b 4500..
if manipulators return asi wud reach 10,000 to make cse best 4 3rd time..
i cnt undrstnd y 46% ppl here lik those manipulotors..
i think thy 4gt whn thy purchase LHCL, PAP, PMB, EAST, AAIC & rest @ high prc..
god bless cse..

bullrun


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
In business world none can expect justice all the time. Early birds cache the warms. Don’t expect virginity from a prostitute! Similarly business world too you may find several tricks. It has been there forever. You purchase now at lower price and sell at a higher price immediately. What value addition you made? Nothing. This is the capitalist system No Virginity as in the case of prostitute. Imposing a lot of arbitrary rules and regulations are not valid in this field. This is my personal view.
That is why it is called “High Risk – High Return” investment. Never mind even if you call a game.

Malik played in a wrong field. His balance sheet has only liabilities, no assets. Poor guy, Good bye! But you made us ruin! Don’t forget it.

Tiger


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I personally don't like to see him going. However this is a beginning of another round of roller coaster, I am bullish to make more money.


Market has bottomed out
by Tiger on Fri Oct 21, 2011 1:29 pm

I agree with Mr. SR, on market bottoming out, the necessary trigger again will be "regrettably" a regulatory gimmick.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Chabbi wrote:@ UK BOY
dnt think this as easy..if mkt crashd many foreign funds wud exit..it wud worst & horrible..
my one close frnd said if this correctn continue asi maximum wud b 4500..
if manipulators return asi wud reach 10,000 to make cse best 4 3rd time..
i cnt undrstnd y 46% ppl here lik those manipulotors..
i think thy 4gt whn thy purchase LHCL, PAP, PMB, EAST, AAIC & rest @ high prc..
god bless cse..

I dont need rub salt into wounds.
Hello Chabbi,
When you settle yourself in the market you will notice that as same as share prices going up, you can also see share prices are going down.
Manipulators will be in the market as long as retailers there to buy shares from them.

Good luck.
I have very little money left in the market.

light

light
Senior Equity Analytic
Senior Equity Analytic

49% Vs 43%
Had a turnaround overnight.

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Wearing amude for dysentry, thats a good analogy. Wait and see. there would be shit all over the place.

econ

econ
Global Moderator
need to abolish all the unnecessary regulations that guy implemented after august 2010.

nukez


Stock Analytic
Stock Analytic
do you need "leda malath bada suddai" conditionn on cse.then let it be another mr.c.in cse,sec,
free economy needs free markets.if some one going to tame them like teenagers,these things happened.
it be regulate or over regulate,when badly manage any market collapsed like a domino reaction.
how many american or british banks collapased?are there regulators sleep?not having necessary technology to monitor?
best managment with able professional skills the need of cse & sec.

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If a market is overpriced it must correct sooner or latter, quickly or slowly. That was/is what exactly happening. Just understand, though manipulators push the price up they can't hold the price there for ever. Natural forces of market bring them down or stagnate their prices.

When market goes down, people look for tangible (understandable) reasons, but fail to understand the bitter truth (ie. overpriced). Probably this may be due to the fact that large majority of market participants in Sri Lanka is not in a position to determine whether the market is overprices or not. So they want a reason which is comprehensible to them. That is why we see "war crime", "credit clearance", "over-regulation" are cited as reasons for market downturn.

I'm sorry if I hurt any of you.

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Academic wrote:[justify]If a market is overpriced it must correct sooner or latter, quickly or slowly. That was/is what exactly happening. Just understand, though manipulators push the price up they can't hold the price there for ever. Natural forces of market bring them down or stagnate their prices.
Could u please elaborate about natural forces ?

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@rijayasooriya wrote:
@Academic wrote:
If a market is overpriced it must correct sooner or latter, quickly or slowly. That was/is what exactly happening. Just understand, though manipulators push the price up they can't hold the price there for ever. Natural forces of market bring them down or stagnate their prices.
Could u please elaborate about natural forces ?

Simply if an asset does not have an intrinsic value, it can't sustain price. To understand the big-picture, read/study through following link, about world's biggest(?) and first(?) economic bubble the Tulipomania which took place in the Netherlands during 1630s.

http://en.wikipedia.org/wiki/Tulip_mania

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
so apparently this dude cader was corrupt as well. deleted and co were able to pull this off so easily because of this. It kind of makes sense considering the muted response from malik's supporters

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Academic wrote:
@rijayasooriya wrote:
@Academic wrote:
If a market is overpriced it must correct sooner or latter, quickly or slowly. That was/is what exactly happening. Just understand, though manipulators push the price up they can't hold the price there for ever. Natural forces of market bring them down or stagnate their prices.
Could u please elaborate about natural forces ?

Simply if an asset does not have an intrinsic value, it can't sustain price. To understand the big-picture, read/study through following link, about world's biggest(?) and first(?) economic bubble the Tulipomania which took place in the Netherlands during 1630s.

http://en.wikipedia.org/wiki/Tulip_mania
Interesting article.It seems that when investers come in to sense the bubble begins to burst.Anyway I believe that reasons u have mentioned as tangible reasons have acted as contributory factors and I think mainly the credit clearance act as the triggering force for this bear cycle.

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It's up to you.

When the market is overvalued something should trigger the downturn. If credit clearance didn't do it (if it triggered actually). Another tangible reason would have triggered the downturn.

These are "අඩන්න ඉන්න ළමයට ඇඟිල්ලෙන් අනිනවා වාගේ (adanda inna lamayata engillen aninawa wage)" reasons.

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[quote="Academic"]Another tangible reason would have triggered the downturn.[/quote]
I think that is why the investers are looking for tangible reasons (not because most of them do not know market is overpriced.)

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
When the market was going to hell, some knowing where it was heading, got off the bus at immediate halt. Others seeing the gate of the hell (tangible reasons) jump off the bus (some got their legs broken, but survived) . Some went into the hell and still in it (we hear their crying).

I do not want to know where you are.

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Academic wrote:
When the market was going to hell, some knowing where it was heading, got off the bus at immediate halt. Others seeing the gate of the hell (tangible reasons) jump off the bus (some got their legs broken, but survived) . Some went into the hell and still in it (we hear their crying).

I do not want to know where you are.

Agree with you.

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Academic wrote:
When the market was going to hell, some knowing where it was heading, got off the bus at immediate halt. Others seeing the gate of the hell (tangible reasons) jump off the bus (some got their legs broken, but survived) . Some went into the hell and still in it (we hear their crying).

I do not want to know where you are.
Main problem even for an expert is get off at the correct halt.Some can get off a few halts before. Laughing

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@rijayasooriya wrote:
@Academic wrote:
When the market was going to hell, some knowing where it was heading, got off the bus at immediate halt. Others seeing the gate of the hell (tangible reasons) jump off the bus (some got their legs broken, but survived) . Some went into the hell and still in it (we hear their crying).

I do not want to know where you are.
Main problem even for an expert is get off at the correct halt.Some can get off a few halts before. Laughing

Yes Friend, I guess Some experts bought UBC at 35/- and reccomonded that price as a fair price,

Carolis


Manager - Equity Analytics
Manager - Equity Analytics
@Rajaraam wrote:
@rijayasooriya wrote:
@Academic wrote:
When the market was going to hell, some knowing where it was heading, got off the bus at immediate halt. Others seeing the gate of the hell (tangible reasons) jump off the bus (some got their legs broken, but survived) . Some went into the hell and still in it (we hear their crying).

I do not want to know where you are.
Main problem even for an expert is get off at the correct halt.Some can get off a few halts before. Laughing

Yes Friend, I guess Some experts bought UBC at 35/- and reccomonded that price as a fair price,

Hi Brother who is expert? Smile seriously did he say Rs 35 is ok for UBC.!

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Carolis , I think you know now. But I am not blaming anybody. Only thing is everybody should know that ppl who bought shares during the last three months of 2010 and early this year did not expect a deep falling like what see today in our market. ASI Index which was recorded over 7500 is now has come down to 6300-6400 level. In general allmost all investors who were active during this period must have suffered with a loss(may be unrealised loss or realised loss)If somebody says that he is not got cought that is not true unless he/she is a fake investor.

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Seems here is a misunderstanding. Key to resolve this puzzle is understanding the difference between relative valuation and overall market value (whether it is overvalued, fairly valued , or undervalued). Lets take a parable, "lemon".

Relative Valuation
Assume you went to market (pola) to purchase lemon. If a lemon is selling at the market for 15. You know price of 10 lemons is 150. This is the relative valuation. In the share market context, if book value of Rs 1 is trading at a multiple of 2.5, then a share with book value of 15 should be traded at 15*2.5=37.5 (there are many other relative valuation methods like PE, sale-price etc. and each method has its own advantages and disadvantages). This is the price we expect an share to traded at that time.

My posts in following links were based on this.

http://forum.srilankaequity.com/t2323-best-price-to-enter-ubc

http://forum.srilankaequity.com/t2500-ubc-price-and-bank-guarantees

Valuing the Market
Take the lemon example again. If this lemon is not worth Rs 15 (overpriced), you won't buy. Instead you may go for substitutes like artificial lemon juice, tamarind etc. Similarly when the stock market is overpriced investors shift to other investment opportunities like property market, commodity and gold market etc. When investors move away from equity market, it starts declining. I have written in the following link how to determine whether market is overpriced or not. I'm happy if at least one investor read it and got off the market.

http://forum.srilankaequity.com/t6933-is-asi-heading-to-6500-level

Note that relative value of a share decreases as the multiple declines when the market goes down.

There is nothing contradictory in my posts, if understood properly.

This is not an attempt to predict the market or attempt to value the market. Do your own calculations and see.

shihan

shihan
Equity Analytic
Equity Analytic
lol!

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