And then there are many posts even in here, even from the questionable broker firms talking about opposition, people and parties who want to do damage to the country etc. and using this love of the country as a cattle prod to urge the retailers, the Government even the leader to do what they want, to taken them to where they want, to get them what they want. They say it's for the love of the country. A fine example is this. http://forum.srilankaequity.com/t13599-topic#88581
Let's face it. They don't care about the country, culture, history, the next generation, or whatever. What matters is they have put money in the market and they want to see it double tomorrow not getting it half next month. In 2009 and 2010 after the war that's exactly what has happened and these people have got used to that, or have seen it, like drug addicts. That's exactly what they want. But these shares represent real companies and sooner or later they have to represent those companies, how they perform. Around July 2010 these shares were completely detached from the companies they represented. It was like virtual stock market game. And thanks the former SEC, the market was a bit tamed. And now these brokers and manipulators want to take us back to that mad days. And these people don't care what the outcome is as long as they can make money. These brokers don't care as long as they get the commission. These big players don't care as long as they make millions. These patriotic retail traders don't care as long as they make a bit of money from the side lines.
These people don't care about the country, they will flock to buy shares of a company whose chemicals would be killing thousands of parents leaving their children as orphans if only they can double their money. They will stay silent as long as it doesn't kill them. They only want to double their money. (What happened to those chemical containers patriotics?)
These people don't care about the culture or religion, they will grab the shares even if they're slaughterhouses, even if they didn't eat meat on poya days previously, but they'll gladly be owners of a slaughterhouse, even if the companies fill people in cancer hospitals, even if fathers finish of all their earnings to the company's main product, liquor, if the company is the number one in pollution, even if the company uses people as slaves, if it's a ten bagger. They won't care.
And you know what. I don't think we had these forums before the war. But if that was case, these people would have opposed the war in 2007, 2008 even if not publicly and ask for negotiations with the terrorists, not because of any reason, because their stock prices were going down. They would be shouting at the government, what the hell are you doing, they will cry stop the war, talk with the terrorists, they will blame the government, we're losing our money. you're destroying the economy, stop the war, surrender, do whatever to make the market up.
And the terrorists were defeated. They were so happy. Now what they see is massive growth, massive profits, massive development, tourism, blah blah. Not because of anything. Because they want to see their money get doubled in the stock market.
When manipulators took your money you cried SEC what are you doing, these manipulators are taking our money, do something. Manipulations is bad not because of anything but because you lost money.
When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money.
And then when the manipulators got rid of the regulators, you all cheered, for the same brokers and manipulators who stole your money, who got your pension fund. Not because of anything, just because of the greed for money, you want to see your shares go up.
This puny little colombo stock market doesn't represent the Sri Lanka. How does this 200+ companies represent your country. You don't even want new companies add up not because of any other reason because you don't want to see your shares going down.
You don't care what happens to the country. You only want to make money. Even if the whole economy, our banks, our financial systems collapses because of the nonexistent money, because of gambling, because of the casino, because of expensive junk, because of the illegal activities, because of the crimes, you don't care as long as it's a ten bagger.
Educate the ignorant.