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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Force selling ,,,,,, Force selling.... Collect valubles if you can hold it

Force selling ,,,,,, Force selling.... Collect valubles if you can hold it

Go down  Message [Page 1 of 1]

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Collect all valuables @ discounted price. Brokers asked to sell T=5. otherwise SEC going to cancell their licences.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@wiser wrote:Collect all valuables @ discounted price. Brokers asked to sell T=5. otherwise SEC going to cancell their licences.

IS this official news or rumour? If official is there a source?

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
my broker sent me the email which they conclude at a meeting. sec strikly asked them to sell after T+5 days. Which they (SEC) observed brokers are not following their rule. Please don't ask me who is my broker.

npc86

npc86
Manager - Equity Analytics
Manager - Equity Analytics
@wiser wrote:Collect all valuables @ discounted price. Brokers asked to sell T=5. otherwise SEC going to cancell their licences.

I feel the same as wiser No way to escape no money What a terrible time is this...! affraid

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
anyway, I made some money by day trading. cheers
just for fun..

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
yes that's what my broker said in his mail. I also have credit to clear on next week Crying or Very sad

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
bad luck when market is heavly red we don't have money to buy @ discounted rate.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
don't buy today, buy tomorrow.

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@mono wrote:don't buy today, buy tomorrow.
why ? will it further down tommorrow ?

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
IMO yes tomorrow morning should be very red. But i could be wrong, so be a little careful

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:IMO yes tomorrow morning should be very red. But i could be wrong, so be a little careful
yep . thats y i didn't buy any today Very Happy
2moro morning 10.30 to 12.00 will be ideal time to buy.

Twisted Evil

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is the usual bust cyle that the cse goes through I don't know about credit though as Brokers are allowed to give 50% credit to ther clients according to SEC ruling a few weeks back....After the Bull since the beginng of the year and then artificial movement upwards this must be the much needed correction ....

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Guys, look at this news

http://www.lbo.lk/fullstory.php?nid=990404817

"Forced selling was seen in trading with the credit issue being one of the main reasons,"

How much they have to clear?

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Monster wrote:Guys, look at this news

http://www.lbo.lk/fullstory.php?nid=990404817

"Forced selling was seen in trading with the credit issue being one of the main reasons,"

How much they have to clear?

I am calling that article Bull Shit. The market has been showing clear signs of weakness for a whole month and there has been more than enough discussion on it. The downturn (or correction as an optimist would say) is because of that weakness. Brokers definitely will be force selling later in the month but there isn't enough evidence to show that they have started force selling.

(monster this is not in disagreement with you. I am disagreeing with the author of the LBO article)


UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I think if you like to buy any more shares, wait for few more days. I think still its too early to decide where the CSE is heading short term.

I'l be wating at least end of next week for the 1st round of buying and then 2nd week of April for the second round.

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
These low levels may not remain low for long. Union bank refunds are also due to come back to the market, large scale crossings were seen since yesrday.

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
http://www.ft.lk/2011/03/04/laugfs-lights-up-bourse/

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