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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » A word of caution

A word of caution

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21A word of caution - Page 2 Empty Re: A word of caution Tue Aug 16, 2011 8:46 pm

cseguide


Vice President - Equity Analytics
Vice President - Equity Analytics
---------I agree 1000 times with you - best thing would be letting the market to learn the lesson rather than over-regulating it.---------
very Well said.
I think there are great number of shares in the market trading very low PE values. there are plenty of opportunities in the market. If we get this year for 8 months market movement is still flat. (I mean net market increment).
We should not look at the market always with negative attitudes. we should look at it positively. Even with lots of economic concerns us market has come to positive tertiary now. time to time market will adjust within the system. no need to over regulate it. hope for the best. happy trading for all

22A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 2:48 am

UKboy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@tubal wrote:Though I am trying my best to keep away from here, I couldn't help but notice how everyone is drooling over the new SEC announcement and decided to wade in for one last time.
I hope that your best is NOT good enough to keep you away from this forum. I guess 99% members would like to read your posts. I must thank you for your ability to tamed few of the biggest raging bulls in this forum.
Your comments are badly missed on some of the companies results in this quarter..! I'm pretty sure you know what I meant Wink

@tubal wrote:Have you taken the time to analyze the notice fully? Who really benefits from it?

Tubal talking about this is just wasting time.
@tubal wrote:Have you considered who would be buying more shares from the market because of this announcement?
Are you really sure that you want to pay 20% more for a share tomorrow than what it was yesterday?
Again talking about this is just wasting time.
@tubal wrote:Have you looked at the recent big price movements (eg GRAN, TAFL, EAST, WAPO) and compared the price movements with the financials? Who has been selling these shares and who has been buying?
This market conditions is good only for extremely talented traders. Rumors again will play a major role.
There are plenty retailers ready to buy the junk at top.







23A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 3:27 am

econ


Global Moderator
@duke wrote:It's great SEC didn't dance to broker's tune. Credit should be backed by proper assets. Bad thing I see is that SEC requiring reports on a monthly basis. It should have been at least every week. Brokers are never to be trusted.
Now retailers can pay the broker charges + interest and if there's anything left you can have it. That is if the shares go up. If the shares go down pay the broker charges + interest and blame SEC.

I hope tubal's 1000th post will be a memorable one.

For you brokers are never to be trusted . Can you trust SEC ?

24A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 3:49 am

smallville


Associate Director - Equity Analytics
Associate Director - Equity Analytics
If any of you would understand that this credit clearence is not a blessing in disguise, use your brain more than you've ever used in coming days, months..
The system goes with some money which is not available on the system it self...
My question is sustainability of this act..

25A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 4:15 am

Slstock


Director - Equity Analytics
Director - Equity Analytics

Yes, we should not this euphoria carry us away too much. If buying, concentrate on undervalued fundamental counters after study. Best to not get in with over priced momentum shares as "someone" might decide to unload killing the retailers again.

Let us not make same mistakes we made in the past. A solid fundamentally driven CSE will sustain longer than a pumped up one.

26A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 9:18 am

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
Good to see you and interesting eye opening topic.

27A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 9:32 am

sajeethk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
but still no brokers given their credit facility limits to their clients so hw we can get hw much credit we can get from the broker... still my broker say he dont have the details..

28A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 11:02 am

stockdad


Senior Equity Analytic
Senior Equity Analytic
@rijayasooriya wrote:It is good that SEC has not danced either to brokers tune or high net worth investers tune who might have waited for bargain hunting.That monitoring system must be functioned properly.SEC should be really active on this matter.

Are you sure that high net worth people are not benefitting from this latest directive.
Friend, they are the real beneficiaries as brokers can't practically extend credit to all clients
as total credit limited to Net Liquid Asset Position of broker. In arriving at this figure what is already lent prior to 31-12-2010 and o/s as at now will be deducted.
So what they can lend as new credit is really limited. As they cannot give credit to everbody they will be selective. All the ppl going on a buying spree witout realising the actual position will be the sorry losers again and HNWI will be happily profiting from this foolishness.

29A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 11:12 am

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockdad wrote:
@rijayasooriya wrote:It is good that SEC has not danced either to brokers tune or high net worth investers tune who might have waited for bargain hunting.That monitoring system must be functioned properly.SEC should be really active on this matter.

Are you sure that high net worth people are not benefitting from this latest directive.
Friend, they are the real beneficiaries as brokers can't practically extend credit to all clients
as total credit limited to Net Liquid Asset Position of broker. In arriving at this figure what is already lent prior to 31-12-2010 and o/s as at now will be deducted.
So what they can lend as new credit is really limited. As they cannot give credit to everbody they will be selective. All the ppl going on a buying spree witout realising the actual position will be the sorry losers again and HNWI will be happily profiting from this foolishness.


HNWI always get benefitted brother whether others like it or not.But this decision will prevent force selling and it triggers the bull market.That is bebeficial for all of us.It does not mean that I agree with what happening now.(Retailors are going after speculative shares) After this euphoria market will consolidate as there is no force selling.

30A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 11:44 am

stockdad


Senior Equity Analytic
Senior Equity Analytic
@rijayasooriya wrote:
@stockdad wrote:
@rijayasooriya wrote:It is good that SEC has not danced either to brokers tune or high net worth investers tune who might have waited for bargain hunting.That monitoring system must be functioned properly.SEC should be really active on this matter.

Are you sure that high net worth people are not benefitting from this latest directive.
Friend, they are the real beneficiaries as brokers can't practically extend credit to all clients
as total credit limited to Net Liquid Asset Position of broker. In arriving at this figure what is already lent prior to 31-12-2010 and o/s as at now will be deducted.
So what they can lend as new credit is really limited. As they cannot give credit to everbody they will be selective. All the ppl going on a buying spree witout realising the actual position will be the sorry losers again and HNWI will be happily profiting from this foolishness.




HNWI always get benefitted brother whether others like it or not.But this decision will prevent force selling and it triggers the bull market.That is bebeficial for all of us.It does not mean that I agree with what happening now.(Retailors are going after speculative shares) After this euphoria market will consolidate as there is no force selling.

Oh Brother,
Who told u No Forced Sale now.
SEc has NOT REMOVED this condition.
All they have done is to allow brokers to provide credit to clients to the extent of their Net liquid Asset Position, whereas earlier brokers were not allowed to.
But it is a very small number of brokers who can provide credit to their clients and that too not to
all clients as the total available amt of credit is restricted as per SEC directive.
So it is the same story again.
All those portfolios who do not get broker credit and if outstanding for T+5 will be FORCED SOLD.
This is the actual situation.
Actually SEC directive has very limted practical benefit.



Last edited by stockdad on Wed Aug 17, 2011 12:02 pm; edited 1 time in total

31A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 11:51 am

stockdad


Senior Equity Analytic
Senior Equity Analytic
@stockdad wrote:
@rijayasooriya wrote:
@stockdad wrote:
@rijayasooriya wrote:It is good that SEC has not danced either to brokers tune or high net worth investers tune who might have waited for bargain hunting.That monitoring system must be functioned properly.SEC should be really active on this matter.

Are you sure that high net worth people are not benefitting from this latest directive.
Friend, they are the real beneficiaries as brokers can't practically extend credit to all clients
as total credit limited to Net Liquid Asset Position of broker. In arriving at this figure what is already lent prior to 31-12-2010 and o/s as at now will be deducted.
So what they can lend as new credit is really limited. As they cannot give credit to everbody they will be selective. All the ppl going on a buying spree witout realising the actual position will be the sorry losers again and HNWI will be happily profiting from this foolishness.




HNWI always get benefitted brother whether others like it or not.But this decision will prevent force selling and it triggers the bull market.That is bebeficial for all of us.It does not mean that I agree with what happening now.(Retailors are going after speculative shares) After this euphoria market will consolidate as there is no force selling.

Oh Brother,
Who told u No Forced Sale now.
SEc has NOT REMOVED this condition.
All they have done is to allow brokers to provide credit to clients to the extent of their Net liquid Asset Position, whereas earlier brokers were not allowed to.
But it is a very small number of brokers who can provide credit to their clients and that too not to
all clients as the total available amt of credit is restricted as per SEC directive.
So it is the same story again.
All those portfolios who do not get broker credit and if outstanding for T+5 will be FORCED SOLD.
This is the actual situation.
Actually SEC directive has very limted practical benefit.

32A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 12:20 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockdad wrote:
@rijayasooriya wrote:
@stockdad wrote:
@rijayasooriya wrote:It is good that SEC has not danced either to brokers tune or high net worth investers tune who might have waited for bargain hunting.That monitoring system must be functioned properly.SEC should be really active on this matter.

Are you sure that high net worth people are not benefitting from this latest directive.
Friend, they are the real beneficiaries as brokers can't practically extend credit to all clients
as total credit limited to Net Liquid Asset Position of broker. In arriving at this figure what is already lent prior to 31-12-2010 and o/s as at now will be deducted.
So what they can lend as new credit is really limited. As they cannot give credit to everbody they will be selective. All the ppl going on a buying spree witout realising the actual position will be the sorry losers again and HNWI will be happily profiting from this foolishness.




HNWI always get benefitted brother whether others like it or not.But this decision will prevent force selling and it triggers the bull market.That is bebeficial for all of us.It does not mean that I agree with what happening now.(Retailors are going after speculative shares) After this euphoria market will consolidate as there is no force selling.

Oh Brother,
Who told u No Forced Sale now.
SEc has NOT REMOVED this condition.
All they have done is to allow brokers to provide credit to clients to the extent of their Net liquid Asset Position, whereas earlier brokers were not allowed to.
But it is a very small number of brokers who can provide credit to their clients and that too not to
all clients as the total available amt of credit is restricted as per SEC directive.
So it is the same story again.
All those portfolios who do not get broker credit and if outstanding for T+5 will be FORCED SOLD.
This is the actual situation.
Actually SEC directive has very limted practical benefit.


Here is the quotation from SEC announcement,

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

It is not the same story again.There is certain relaxation.We have to wait and see to get the actual picture.

By the way what is ur proposal or ammendment if u do not agree with this decision?

33A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 12:38 pm

stockdad


Senior Equity Analytic
Senior Equity Analytic
Relaxation no doubt.
All what I said was in practical situation it is not going to help much bcos lot of brokers are not in a position to lend and even those who have the ability are not able to lend to ALL clients seeking broker credit beyond T+5.
due to the conditions in the directive.
If u r not convinced pl wait for a few more days and u will be able to see what is happening in real terms,
as T+5 is not yet removed specifically.

Already this is dawning on investors.
Pl look at ASI now
What was it in the morning. Where is it now. And today's closing will be a good indication.



34A word of caution - Page 2 Empty Re: A word of caution Wed Aug 17, 2011 12:44 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockdad wrote: Relaxation no doubt.
All what I said was in practical situation it is not going to help much bcos lot of brokers are not in a position to lend and even those who have the ability are not able to lend to ALL clients seeking broker credit beyond T+5.
due to the conditions in the directive.
If u r not convinced pl wait for a few more days and u will be able to see what is happening in real terms,
as T+5 is not yet removed specifically.



I have already written that we have to wait and see to get the actual picture.

But still I can not see ur new suggestion brother....at least a clue..?

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