What is Dr G's role at present?
Now credibility of stock market gone to ......
SEC Should be managed by independent professionals
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@sureshot wrote:yes all Dr are same .
I like Mr.Carder than these two.
he was the best
@Deva wrote:Some people predicted this at the time Dr K was being pressurized to leave.
Now all the gates are open, no barriers, no boarders.
The big fish are having a gala time. Up or down as they wish.
Is it fair to deny anybody his rights?@slstock wrote:6 month ban to sell after buying which was lifted for Directors and Brokers was not a good move at all. This can be manipulated both ways up or down.
@Kithsiri wrote:Is it fair to deny anybody his rights?@slstock wrote:6 month ban to sell after buying which was lifted for Directors and Brokers was not a good move at all. This can be manipulated both ways up or down.
Aren't there any other mechanisms to detect such manipulations & take necessary actions if found guilty?
Enlighten us please !
@hariesha wrote:First I expect moderators/admins will accept and respect my right to express a different opinion. I am saying this as I saw an ugly encounter during the weekend, which I strongly believe shouldn't have happened in a public forum.
With regards to the current topic, I think forum is going or dragging on the wrong direction again. This was the case just before the last rally also and so many missed the opportunity as most adopted wait and see approach, and then entered at the peak resulting lot of posts depicting uneasiness and sorrowful fate within two days of down trend.
This is how I feel what is happening right now in the market. Simply it’s a break after a flash rally. Most have forgotten that we had a two month rally. This correction is only for two weeks now. In any market this is the situation whether it is equity or something else.
I think following are the reasons for this lukewarm approach from investors:
1. In a rally, naturally most tend to book profits. If this money didn’t re-
invest or fresh capital didn’t flow market will go for a correction. If
sufficient fresh capital came in then the rally will take on to the next
level, as profit takers also have to re-invest as they don’t want to
2. Changes that took place in local political environment especially the
matters related to judiciary, fortunately most of which are much cooled
3. Big guys/funds are in a wait and see approach now. Why?
a. 2nd quarter results are around the corner.
b. National Budget is only two weeks away.
c. Monetary board announcement is due tomorrow, many believe they
will not change the policy measures ahead of the National Budget
(Before reducing interest rates, safety procedures should be
included in the budget, otherwise importers will start to import all
wanted and unwanted things as in the previous occasion)
d. UN HR sessions in Geneva, which will discuss country progress in HR
arena. (This is a regular evaluation taking place in every three years,
so there’s not much threat like in last year)
e. There can be some more, which others can point out.
So should we leave the market?
If you are in the correct approach, this is the opportunity period. Adjust your portfolios and accumulate shares that will do better in the coming quarters.
Always remember, “Markets are reacting before the news!” So if interest rates are changing, market will start moving much in advance.
There was some criticism towards the regulator. I think from the three regulatory regimes in recent past, current is the most acceptable. Dr. NG didn’t allow all what brokers asked for. Even the credit matter, he relaxed with lot of safeguards.
About the removing of controls on directors and related party transactions, what he does was removing the interim measures imposed because of a pending inquiry on NSB/TFC deal. It cannot be continued as it’s denying the right to do legitimate transactions to a certain section of the market. Here directors are not directors of companies that are listed in CSE as some have expressed in the topic, but the directors of stock broker companies.
Last edited by slstock on Tue Oct 23, 2012 9:49 am; edited 1 time in total
@D.G.Dayaratne wrote:I agree what you say about the stock market in general
But why these theories were not applied during Dr K's TIME
It shows there is a personal problem here
My personal opinion is present management of bias towards certain group
They should prove their professionalism by action NOT BY WORDS
@D.G.Dayaratne wrote:In most of the games involved money conducted by various societies Inducing
village MARANADARA SAMITHI do not allow Comity members to participate
That is general accepted principles
Decision taken by SEC to control Brokers and staff is correct to create level playing field in the stock market
Why that decision changed ? To support whom ?
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