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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Brokers have billions of credit available but telling you they cannot give credit

Brokers have billions of credit available but telling you they cannot give credit

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Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@lokuayya wrote:only one billion credit?so why hell sec so much worried about ?i billion is nothing.can you believe one billion is enough to make a bubble.one idiot says credit is one billion and it would cause Bangladesh type crash.

Yea, lokuayya. Without analysing actual situation some are posting against positive recommendations brought by the Brokers Assciation to the government.Since this forum is opened for all who are interested including SEC officials such posts could be used to justify SEC's wrong actions and strenthen SEC's hand enabling them to re-negotiate with the government to continue the actions already taken. At the end they all will get their sallary and we will be losing.That is the story.

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Rajaraam wrote:
@lokuayya wrote:only one billion credit?so why hell sec so much worried about ?i billion is nothing.can you believe one billion is enough to make a bubble.one idiot says credit is one billion and it would cause Bangladesh type crash.

Yea, lokuayya. Without analysing actual situation some are posting against positive recommendations brought by the Brokers Assciation to the government.Since this forum is opened for all who are interested including SEC officials such posts could be used to justify SEC's wrong actions and strenthen SEC's hand enabling them to re-negotiate with the government to continue the actions already taken. At the end they all will get their sallary and we will be losing.That is the story.

And to think that the SEC was actually trying to protect some of the people here.
To be quite honest I used to think that creating a bubble with 4 billion would be hard work. But in recent times I have realized the error of my ways. YOu could probably create a bubble with even 500 million. I will be blogging about this soon, but till then read this LBR article it will be an eye opener: http://www.lbr.lk/fullstory.php?nid=201011181206341945

janidu


Stock Trader
Most of times Sunday Times gives negative news.

insidertrader


Manager - Equity Analytics
Manager - Equity Analytics
@janidu wrote:Most of times Sunday Times gives negative news.

Yes, We should try Daily News. Very Happy

Truth is bitter.

mark


Expert
Expert
@lokuayya wrote:only one billion credit?so why hell sec so much worried about ?i billion is nothing.can you believe one billion is enough to make a bubble.one idiot says credit is one billion and it would cause Bangladesh type crash.


in this shit illiquid market one billion can control the market behaviour,if you think its impossible,
let me control the ASI at least two days Laughing

its just easy,even i can push up prices and give you some carrots to eat Laughing
you wont believe me Question

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The way this discussion is going, the scene created by the media and/or SEC and/or Brokers and/or rumours, looks like 8-10 billion rupees ($80million) is sufficient to create or deflate a bubble or crash the stocks, in a market worth 2 Trillion rupees ($20 Billion).

There are many people who have invested more than this which is not credit and much money is waiting on the sidelines to enter. For example like DFFC sold COMB shares for 6 billion sometime back with a hefty capital gain reinvested a part of it (small part) to buy 10% of NTB and they have a few billions more to put in if needed at the right time even after giving a good Dividen after the capital gain.

I feel more money is involved in this whole credit biryani! The brokers cant show the mess they are in and SEC cannot expose and cause panic. However i feel SEC did a good job and slowly deflated the bubble which was forming. What next?

Cheers!

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I guess you don't need billions or millions. You can push up the share market merely by buying BUKI 100, CARS 100, WAPO 100 everyday. Foolish locals will follow. Didn't that happen few months back? This can happen again. There was a press release today I think of CARS published after 1 month of release of the results. I wonder why? Was it because the letter got delayed because of the postal strike?

mark

mark
Expert
Expert
@duke wrote:I guess you don't need billions or millions. You can push up the share market merely by buying BUKI 100, CARS 100, WAPO 100 everyday. Foolish locals will follow. Didn't that happen few months back? This can happen again. There was a press release today I think of CARS published after 1 month of release of the results. I wonder why? Was it because the letter got delayed because of the postal strike?

hehe,ya it;s a easy task......there is bunch of suckers to buy what professionals pushes Evil or Very Mad

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@insidertrader wrote:
@chamith wrote:Question SEC should look into is why this available credit has not been used. The answer is foced selling. Even if this 2 billion credit is used, this has to be settled in t+5, therefore it's not surprising that there are such unused credit. Settling of the credit is automated. Within 5 days there will be 0 credit utilized if all credit were used in 1 day.

I believe where we went wrong is credit settling. Either it has to be t+0 (have to have money in the ac to buy) or t+n. Where n should be a much long period. Say about 10 or 20. This long time period would give more time for the creditor to sell voluntarily. As I can see we have only these 2 options to mitigate the force selling making the market drive down.

Wrong. If the brokers are force selling after T+5 days saying they have to because SEC told them to then your trusted friendly broker is lying.

Brokers are allowed give credit over T+3 days


Therefore, the SEC hereby directs the Colombo Stock Exchange (CSE) as follows:

1. To permit Licensed Stock Brokers to extend credit to investors over T+3 days based on the computation of Liquid Assets less Obligations, maintaining a leverage at zero level as set out in Annexure 1 hereto;


http://www.lankabusinessonline.com/fullstory.php?nid=146837552

Problem with many brokers is that they can't give credit to all the customers and for most less than half of there customers! So how are they going to choose who they can and can't ? Because of this what they do is not give credit at all and let the clients sell at there will even if he is late on t+5! At least thats what Asha Phillips does! They will not mind you if you go over t+5 if its a small amount !

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Some ppl's views here encourage us for pannic selling and small investors who read their posts think that they would have not taken a decision to invest in stock market. Those ppl are trying to exit as early as posible( even some of my very good freinds) If these guys continue posting like this ASI would come down to around 3500-4000 level within a month coz said posts discourage new ppl to enter. Anyone who reads this forum posts these days will not enter this market and ppl who are already in business would try to exit soon. ( including myself.)

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Rajaraam wrote:Some ppl's views here encourage us for pannic selling and small investors who read their posts think that they would have not taken a decision to invest in stock market. Those ppl are trying to exit as early as posible( even some of my very good freinds) If these guys continue posting like this ASI would come down to around 3500-4000 level within a month coz said posts discourage new ppl to enter. Anyone who reads this forum posts these days will not enter this market and ppl who are already in business would try to exit soon. ( including myself.)

I feel you should invest with your own instinct, knowledge, money and will and not defer your strategy because of the posts on this forum. This forum is to interact with other investors and share knowledge. You must understand that all that is posted here is not useful and you must only grab the useful things.

Cheers!



Last edited by Rapaport on Sun Dec 04, 2011 11:46 pm; edited 1 time in total

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rapaport wrote:
@Rajaraam wrote:Some ppl's views here encourage us for pannic selling and small investors who read their posts think that they would have not taken a decision to invest in stock market. Those ppl are trying to exit as early as posible( even some of my very good freinds) If these guys continue posting like this ASI would come down to around 3500-4000 level within a month coz said posts discourage new ppl to enter. Anyone who reads this forum posts these days will not enter this market and ppl who are already in business would try to exit soon. ( including myself.)

I feel you should invest with your own instinct, knowledge, money and will and not defer your strategy because of the posts on this forum. This forum is to interact with other investors and share knowledge. You must understand that all that is posted here is not useful and you must only grab the useful things.

Cheers!

Well said.
The problem all the readers and participant wants everything in their way.
Contradicted articles or points irritating them.
What a pity?

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Rajaraam wrote:Some ppl's views here encourage us for pannic selling and small investors who read their posts think that they would have not taken a decision to invest in stock market. Those ppl are trying to exit as early as posible( even some of my very good freinds) If these guys continue posting like this ASI would come down to around 3500-4000 level within a month coz said posts discourage new ppl to enter. Anyone who reads this forum posts these days will not enter this market and ppl who are already in business would try to exit soon. ( including myself.)

They want to collect more before the big news,don't worry.wait patiently.

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some broker firms have a different model of operations. One of by broker said their are not interested in giving credit. I think they use the credit for their investments.
They just running the broker firms not to support investors, just for their investments!

ranjanie


Manager - Equity Analytics
Manager - Equity Analytics
Must inform the authorities to close down that type of Broker Firms

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Looking at certain posts here I strongly feel that there are some agents in the forum representing some broker firms who does not have capacity to provide credit. Such brokers wants to contiue the present credit ruling. Unfortunately some of our small timers have go behind them and say 'no' to credit relaxation. Delay in taking positive decisions would cause for further drop eradicating everyone's PF heavily.That is what happening now.

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