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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Shame on you Daily FT.lk

Shame on you Daily FT.lk

+11
wikum100
aj
UKboy
gamaya
WildBear
dsam
dhanurrox
SL.Market
sapumal
prasa2004
insidertrader
15 posters

Go down  Message [Page 1 of 1]

1Shame on you Daily FT.lk Empty Shame on you Daily FT.lk Thu Jan 19, 2012 6:39 pm

insidertrader


Manager - Equity Analytics
Manager - Equity Analytics

Old habits die hard? SEC resumes investigation

This was the heading of the article published in the Daily FT today. How does a Sri Lankan newspaper who should be write against fraud, criminals and thieves talk for criminals.
Regulators responsibility is to protect the law and order and investigate and punish criminals. How dare Daily FT talk in a bad way when the SEC is continuing the right thing.
Shame on you ft.lk. You're a disgrace to the journalism. How much do you editors get for bending for big players.

I commented on the daily FT article but it didn't get approved from the FT moderator.

2Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 6:48 pm

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics

Agree. Daily FT is always siding with few HNWI. All this time they were shouting on credit ban and yesterday did U turn and wrote 'we said so it is not credit'. When i critically commented for this news piece they did not publish. This kind of investigation is must to evict manipulators and as a paper they should support. few years back Nisthar their editor did this game in daily mirror and now doing same with FT. You would remember he was on tour to Japan with HNWI recently to source funds for their bank.

3Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 6:53 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

insidertrader wrote:
Old habits die hard? SEC resumes investigation

This was the heading of the article published in the Daily FT today. How does a Sri Lankan newspaper who should be write against fraud, criminals and thieves talk for criminals.
Regulators responsibility is to protect the law and order and investigate and punish criminals. How dare Daily FT talk in a bad way when the SEC is continuing the right thing.
Shame on you ft.lk. You're a disgrace to the journalism. How much do you editors get for bending for big players.

I commented on the daily FT article but it didn't get approved from the FT moderator.

Send a feedback through email to FT editors. Add who ever you can add to the CC list.
SEC, CSE, broker companies , other news papers, NGOs , ...
Share on FB is also a good idea



Last edited by sapumal on Thu Jan 19, 2012 7:10 pm; edited 1 time in total

4Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 6:58 pm

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics

What the purpose of questioning any one's buying and selling interests...?
No kids doing trading in CSE...?
This is really a game and losses are always jealous on winners.
Buying a stock is in the purpose of selling high price and realize the profit. It may be today tomorrow or any other day...
Stock traders should be given freedom do their trading as they wish because they use their money to buy the shares and sell because others are waiting to buy.. I cant see anything wrong with that...
Otherwise so sorry for the CSE

5Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 7:08 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

Buying and selling interest is unquestionable. But manipulating is a different thing. It is a guilty in almost all countries. Rajrathnam ,..
But only in CSE , no actions are taking against manipulators. SEC must take action against these articles too. FT implying investigating fraud is a wrong thing

6Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 7:12 pm

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics

sapumal wrote:Buying and selling interest is unquestionable. But manipulating is a different thing. It is a guilty in almost all countries. Rajrathnam ,..
But only in CSE , no actions are taking against manipulators. SEC must take action against these articles too. FT implying investigating fraud is a wrong thing


Dear Sapu...
Can you or any other expert explain "what is manipulation" in simple words...
if the example is there it is better
thanks you

7Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 7:24 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics

SL.Market wrote:
sapumal wrote:Buying and selling interest is unquestionable. But manipulating is a different thing. It is a guilty in almost all countries. Rajrathnam ,..
But only in CSE , no actions are taking against manipulators. SEC must take action against these articles too. FT implying investigating fraud is a wrong thing


Dear Sapu...
Can you or any other expert explain "what is manipulation" in simple words...
if the example is there it is better
thanks you

Sl.Market, You are talking like a expert soo haven't you seen manipulation in cse.AAF directors dumped 8+,Rgem default board moved 230+, AAIC close to 400 now 170.Next time when crap shares shoot check order books then you'll identify what manipulation is.

8Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 7:41 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

SL.Market wrote:
sapumal wrote:Buying and selling interest is unquestionable. But manipulating is a different thing. It is a guilty in almost all countries. Rajrathnam ,..
But only in CSE , no actions are taking against manipulators. SEC must take action against these articles too. FT implying investigating fraud is a wrong thing


Dear Sapu...
Can you or any other expert explain "what is manipulation" in simple words...
if the example is there it is better
thanks you

I am not an expert. But I can give you a examples

It is SF theory. LOL
Collect as many shares at lower levels so you won't face much difficulties at later stages. Push the price of the share on illiquid path(manipulator can do this since most of the shares were collected in initial stage). Then create lot of stories about future potential and publish through news papers, articles, gossips, forums, brokers (inexperience investors always got caught to them). This is call making value by regular stories. Then dump the shares.

There are lot of examples.
I can give you a very good examples from our previous discussion forum. Some people who were in top share holders lists were regular posters about that shares. They posting 2,3 posts per day.
There is nothing wrong in keeping 20%-30% profit and exit from worth less shares. But some people got more than 300% profit in some counters.









9Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 7:51 pm

dsam

dsam
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Is this what you call free media?.Most of journalists write anything for bottle of arrack.

10Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 8:53 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Not only this article, in general, Sri Lanka journalism maintains extremely poor standards
(Both state and Private media);Journalism really lag behind other sectors of the country.We haven't seen much improvement in journalism culture over the past decades/years

Main reason I can see is the entire field lacks qualified professionals, no proper professional body, No qualification required to become a journalist as in Engineering,Architecture etc..

One who started his career with 3 rd class articles eventually become a "Reputed Journalist" in Sri Lanka.

Other reason is Conflict of interest in both state and private media( Look into shareholders/directors of media companies and their political,financial background.

If we analyze the Sri Lankan news papers with other countries we'll be able to see this huge difference.

11Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 10:01 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

dsam wrote:Is this what you call free media?.Most of journalists write anything for bottle of arrack.

Yep these shitty media create nice dumping grounds for the big guys frequently. May be for a bottle of Arrack and a pat in the back.

12Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Thu Jan 19, 2012 11:39 pm

UKboy

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

SL.Market wrote: explain "what is manipulation" in simple words...
if the example is there it is better
thanks you

I know you know the meaning of manipulation very well Smile

Many Sri Lankan investors believe manipulation is very bad thing happening in a market. If these people had a chance to make money out of these transactions, they would not tell like that.

Manipulation is not something new to any market. Only the percentage does matter. In a tiny market like CSE you can easily manipulate shares. In a large market like Dow Jones its hard.

Manipulation a part of tradings. But we call these kind of traders as manipulators.

http://forum.srilankaequity.com/t3959-is-there-a-big-difference-between-a-successful-trader-and-a-manipulator

UKboy wrote:Tue May 24, 2011 7:08 am

is there a big difference between a successful trader and a manipulator

Due to my lack of knowledge about markets and some shares, I’m still struggling to identify the difference between a trader and a manipulator.
In early days if some people made good fortune in markets, they will be worshipped & recognised as god fathers in stock markets by modern day followers. Nobody knows how exactly they made these monies and Stock market regulations were virtually none existed at that time. Funny thing is some of these god father level professional traders committed suicide.
one thing for sure is whole this scenario had to be completed in a well recognise market like Dow Jones, FTSE100, Dax etc ....definitely not in a mini market like CSE.

So what will happen if someone made a fortune in a very short time at CSE? He will most probably be labelled as a manipulator. During my very short period of time at CSE we never tried calling these people professional traders.

So guys please help this poor old chap to identify the difference between a manipulator and a trader?
Does a professional trader must to be a “sudda bugger”? Is there a big difference between these two?

P.s: I don’t talk about the mini traders at this mini market.

13Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 9:33 am

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics

dhanurrox wrote:
SL.Market wrote:
sapumal wrote:Buying and selling interest is unquestionable. But manipulating is a different thing. It is a guilty in almost all countries. Rajrathnam ,..
But only in CSE , no actions are taking against manipulators. SEC must take action against these articles too. FT implying investigating fraud is a wrong thing


Dear Sapu...
Can you or any other expert explain "what is manipulation" in simple words...
if the example is there it is better
thanks you

Sl.Market, You are talking like a expert soo haven't you seen manipulation in cse.AAF directors dumped 8+,Rgem default board moved 230+, AAIC close to 400 now 170.Next time when crap shares shoot check order books then you'll identify what manipulation is.


AFF directors dump shares at 8...
If were you a director what u do?... after buying at 2.50 within month if that trading at 8.. what u do... buy or sell...
we have to blame them if they sell very high to the investor and they buy at low price( as SHL)
but stupid people buying AAF at 8 with high risk
they don't think people bought this share at 2.50 month ago...

14Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 9:43 am

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

See http://forum.srilankaequity.com/t15116-seven-charged-in-60m-stock-fraud
I think there will be a New York Times article 'SEC is the cause of current economic crisis by punishing the big players. Broker association are meeting Barak Obama next week to demand the release of the big players. Broker association say Barak Obama has advised the SEC to release the criminals. SEC has been kicked out. Market went up.'

What the ft.lk should write is an article with facts and figures with the title 'Does AAF worth Rs. 2.50?" and educate the public.

None of the media write about the value of AAF or what's going on. As previously stated broker reviews only say AAF went up by 200%, Turnover was 1234567890.

15Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 10:25 am

wikum100


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

sapumal wrote:
SL.Market wrote:
sapumal wrote:Buying and selling interest is unquestionable. But manipulating is a different thing. It is a guilty in almost all countries. Rajrathnam ,..
But only in CSE , no actions are taking against manipulators. SEC must take action against these articles too. FT implying investigating fraud is a wrong thing


Dear Sapu...
Can you or any other expert explain "what is manipulation" in simple words...
if the example is there it is better
thanks you

I am not an expert. But I can give you a examples

It is SF theory. LOL
Collect as many shares at lower levels so you won't face much difficulties at later stages. Push the price of the share on illiquid path(manipulator can do this since most of the shares were collected in initial stage). Then create lot of stories about future potential and publish through news papers, articles, gossips, forums, brokers (inexperience investors always got caught to them). This is call making value by regular stories. Then dump the shares.

There are lot of examples.
I can give you a very good examples from our previous discussion forum. Some people who were in top share holders lists were regular posters about that shares. They posting 2,3 posts per day.
There is nothing wrong in keeping 20%-30% profit and exit from worth less shares. But some people got more than 300% profit in some counters.









100% agree with you mate.......if you want see the film ""WALL STREET "" then you can learn how the market manupulation is going on

16Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 11:17 am

raa


Manager - Equity Analytics
Manager - Equity Analytics

There is nothing wrong with buying and selling and making money... Market manipulation is profitable BUT unethical. The regulatory framework is there to ensure that the stock market is FAIR to all.

Market manipulation is illegal because it aims to profit from insider trading and/or misleading the public.

Yes it makes an idiot out of the public or the public are idiots to buy a share at LKR 7.00 or LKR 8.00 when nobody was intersted in buying it at LKR 2.50. There is a morality and ethical issue about making money off people like this. The question is, if a person isn't willing to touch a stock at LKR 2.50, how is it that they are being made to suddenly buy it at much higher levels?

We are not talking about a run to LKR 3.00 or LKR 3.50...this is LKR 8.00...

17Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 12:09 pm

sidath P


Stock Trader

it's like asking the police not to catch thief's.

remember every time some one makes money manipulating the market, someone on the other side got robbed.

18Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 12:20 pm

A2Z

A2Z
Manager - Equity Analytics
Manager - Equity Analytics

YOU SHOULD SHAME MEN TALKING LIKE KID.. SHAME ON YOU insidertrader SHAME.. No No No No No

19Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Fri Jan 20, 2012 2:40 pm

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics

raa wrote:There is nothing wrong with buying and selling and making money... Market manipulation is profitable BUT unethical. The regulatory framework is there to ensure that the stock market is FAIR to all.

Market manipulation is illegal because it aims to profit from insider trading and/or misleading the public.

Yes it makes an idiot out of the public or the public are idiots to buy a share at LKR 7.00 or LKR 8.00 when nobody was intersted in buying it at LKR 2.50. There is a morality and ethical issue about making money off people like this. The question is, if a person isn't willing to touch a stock at LKR 2.50, how is it that they are being made to suddenly buy it at much higher levels?

We are not talking about a run to LKR 3.00 or LKR 3.50...this is LKR 8.00...

I agree with u some
ethics is the things.. but we cant expect all to have profit from market...
they should think at least little on others...
Insider Dealing should stop but not only for the end character....all involved for the case

20Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Sun Jan 22, 2012 11:33 am

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Were there any articles on any of the business magazines or stock market expert columns on the newspapers about the valuation of junk shares like AAF, educating the general public? Only thing they have is 'best performing market', 'price went up by this much', 'turnover was this much'... But there are lots of press releases published in these media written by the companies themselves, saying things like 'ABC profits up by 45%', 'DEF mulls building hotel'. Those articles should have the statement 'This is a paid advertisement'

21Shame on you Daily FT.lk Empty Re: Shame on you Daily FT.lk Sun Jan 22, 2012 1:21 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

Look at this article
http://www.sundaytimes.lk/120122/BusinessTimes/bt02.html

They are using names Analysts , senior , ....
But no names are mentioned in the article. Reputed people don't like to comment on these things
This is a paid advertisement. They just making stories

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