FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» A Strong bounce back of ASI is on the cards
by samaritan Today at 4:46 pm

» GLAS will be winner with Super Gain.
by Promoney Today at 3:41 pm

» Many positives for Next week
by Vishwanarth Today at 12:29 pm

» Norway -> biggest shareholder of NDB
by Vishwanarth Today at 12:28 pm

» Maldives records over 100,000 tourist arrivals in first 35 days of the year
by samaritan Today at 9:59 am

» Kind of behavior traders engage in when they are frustrated and want their money back from the market. Stock market for beginners
by lal62 Today at 7:40 am

» EXPO EXPO EXPO
by Gowri123 Today at 12:35 am

» still I believe this
by 100Bill Yesterday at 9:21 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Yesterday at 8:19 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Yesterday at 7:49 pm

» Let's have a stop-loss strategy to maximize investment returns in stock market
by EquityChamp Yesterday at 7:19 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 6:56 pm

» DIPD/HAYC/HAYL
by samaritan Yesterday at 5:41 pm

» කොටස් මිල දී ගන්න මෙය හොඳම කාලයයි – රාජ්‍ය අමාත්‍ය කබ්රාල්
by samaritan Yesterday at 5:07 pm

» IS it right time to stick to warren buffett's most famous saying ???
by Mr. X Yesterday at 4:02 pm

» CSE - The World's best performer!
by Vishwanarth Yesterday at 2:42 pm

» Best Broker
by Wickyz Yesterday at 2:32 pm

» Game Changed! SUPER GREEN
by Karthick Yesterday at 12:24 pm

» Blue Diamond
by thavam_Eu Yesterday at 12:07 pm

» GALORE OF GOOD NEWS TO THE CSE
by Bakkabwoi Yesterday at 11:58 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » loss on forced selling by broker

loss on forced selling by broker

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

1loss on forced selling by broker Empty loss on forced selling by broker Fri Aug 26, 2011 11:05 pm

mcqueen


Stock Analytic
Stock Analytic
Crying or Very sad Crying or Very sad my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::

2loss on forced selling by broker Empty Re: loss on forced selling by broker Fri Aug 26, 2011 11:30 pm

Marketsol


Stock Analytic
Stock Analytic
That's an example of a typical broker who predicts wrong things correctly. In your case, he thought SFIN won't go up at all.

3loss on forced selling by broker Empty Re: loss on forced selling by broker Fri Aug 26, 2011 11:41 pm

salinda88


Senior Equity Analytic
Senior Equity Analytic
I think it just start increasing Very Happy Very Happy Very Happy

4loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 12:01 am

windi5

windi5
Moderator
Moderator
Oh dear vry sorry. Your first post is a sad one.

5loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 12:07 am

nahsuk

nahsuk
Manager - Equity Analytics
Manager - Equity Analytics
Some brokers sell ur shares with big loss,But some people try to minimize ur loss.
In this case Ur broker sold SFIN bcoz he wants to minimize his loss & ur also.
(jst my opinion.My broker has this kind of strategy)

6loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 12:56 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Dear mcqueen,
Broker's help is needed for investors. That's true. But all of them are not professional and some don't have even qualifications. They don't care If the investor get a loss or a profit as their brokerage is received from all of trades. In many times, they say things without having even a normal knowledge of the share as well as my broker. The best thing is doing your own thing. Analyze any of share before purchasing. You can get the help from this forum. Kind experts will help you definitely. Don't forget to receive your broker's idea. But don't follow him If you feel that it is not good. If you have a free time, learn how analyze financial statements. No need very pro knowledge. Only need a normal knowledge. I like you to change your adviser. I don't like stay with such people. Please could you tell me your broker firm. Then I can suggest some more helpful things.I love you
Idea "Just try new stocks with purchasing only 100 shares. Sometimes you will unhappy If the price move up. But you will not unhappy much If the price moved down. Happy trading! Keep In touch with us! Still you haven't defeated! You have more chances! Very Happy sunny

7loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 3:27 am

ranga777


Equity Analytic
Equity Analytic
LANKA SECURITIES IS ALSO SELLING BY FORCE ,I ALSO MADE A LOSS BECAUSE MY SFIN SHARES WAS SOLD BEFORE FEW DAYS AGO

8loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 6:45 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If the broker new that SFIN was on its way up, then he or his friends would be the buyers of this force selling!!!

9loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 7:04 am

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
For investments oriented stocks there is no issue of force selling. .....Only for the credit inflated stocks force selling comes in to operation...... Investors are reluctant to put funds in to such risky stocks.

10loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 7:55 am

mcqueen


Stock Analytic
Stock Analytic
Thanks for all the replies.It's A P.I have stocks baught last year.I m keeping them till price up.But unfortunatly see what my broker did.

11loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 8:42 am

thighrokker


Manager - Equity Analytics
Manager - Equity Analytics
Its a big joke, is'nt it? First they cried that SEC has a T+5 rule. Made a big fuzz about is and cried all those crocodile tears... Now SEC has given the freedom, and they do forced-selling even more than before...

Also with the Brokers playing fool in the market situation is worse now. In the past we KNEW forced selling was in T+5. Not any more. All of the sudden my broker calls me and says "Guess what...Its now 10AM, if not sold by 1PM, they will have to force sell!!!!"

Its just like the private bus mafia... The Broker firms have all the investors on strings.

We should request SEC to
- have a T+SOMETHING rule established and adhered to ( rather than ad-hoc rules and decisions of the many Broker firms)
- give online trading investors the option not to pay broker fees ( why just give the fellows our hard earned cash for doing nothing??? - This seems the only place on planet Earth with a free lunch!!! - Be a broker)
- since brokers are so fuzzy about credit, what about our excess cash with them? They should give us an interest on these cash on a daily basis. They do charge US, dot they??

12loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 10:04 am

stockanalytic

stockanalytic
Manager - Equity Analytics
Manager - Equity Analytics
@thighrokker wrote:Its a big joke, is'nt it? First they cried that SEC has a T+5 rule. Made a big fuzz about is and cried all those crocodile tears... Now SEC has given the freedom, and they do forced-selling even more than before...

Also with the Brokers playing fool in the market situation is worse now. In the past we KNEW forced selling was in T+5. Not any more. All of the sudden my broker calls me and says "Guess what...Its now 10AM, if not sold by 1PM, they will have to force sell!!!!"

Its just like the private bus mafia... The Broker firms have all the investors on strings.

We should request SEC to
- have a T+SOMETHING rule established and adhered to ( rather than ad-hoc rules and decisions of the many Broker firms)


- give online trading investors the option not to pay broker fees ( why just give the fellows our hard earned cash for doing nothing??? - This seems the only place on planet Earth with a free lunch!!! - Be a broker)
- since brokers are so fuzzy about credit, what about our excess cash with them? They should give us an interest on these cash on a daily basis. They do charge US, dot they??

Who is your Broker?

13loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 1:49 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@mcqueen wrote: Crying or Very sad Crying or Very sad my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::
@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

14loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 1:56 pm

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Antonym wrote:
@mcqueen wrote: Crying or Very sad Crying or Very sad my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::
@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

I am affraid but I am also inclined to agree with Antonym on this. It is your fault that you didn't pay the outstanding monies. Also you claim to have few other shares where you are making profit. Why didn't you sell those to settle your credit at the first place without giving an opportunity for the broker to select the share on your behalf?

15loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 2:07 pm

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Aamiable wrote:For investments oriented stocks there is no issue of force selling. .....Only for the credit inflated stocks force selling comes in to operation...... Investors are reluctant to put funds in to such risky stocks.

What the heck are you trying to say here? What makes this different when it comes to forced selling, whoever who is doing forced selling is expected to select the stock having least unrealized loss if there are no stocks making profits in the PF!

16loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 2:34 pm

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes broker has the option of force selling if the dues are not settled within the stipulated time period. You can not do much about it unless he has done it before the stipulated period for force selling.

17loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 3:24 pm

Investor99


Manager - Equity Analytics
Manager - Equity Analytics
@StocksWatch wrote:
@Antonym wrote:
@mcqueen wrote: Crying or Very sad Crying or Very sad my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::
@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

I am affraid but I am also inclined to agree with Antonym on this. It is your fault that you didn't pay the outstanding monies. Also you claim to have few other shares where you are making profit. Why didn't you sell those to settle your credit at the first place without giving an opportunity for the broker to select the share on your behalf?

I agree too. Everyone has to learn to live within their mean. But unfortunately greed takes over and then come the down fall and it gives rise to the blame game. Earlier everyone was blaming the SEC now they are blaming the brokers what a joke.

18loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 7:06 pm

ha_na


Manager - Equity Analytics
Manager - Equity Analytics
@Antonym wrote:
@mcqueen wrote: Crying or Very sad Crying or Very sad my broker has sold my SFIN which i have bought long ago, to recover my outstanding,at 30,yesterday with a loss. today it went up to 40.but they didnt choose shars i gain little profit for force selling.because of that i loss morethan 8000.How they select shares for force selling.I have a dout why they select sfin only.please advise me ::
@mcqueen: Sorry for being unusually harsh, but...
I have no sympathy for people who buy shares but do not pay for them. Such individuals are the root cause of the force selling problem. Coming here and behaving like a victim does not alter the fact that you had defaulted.
Please live within your means and pay for whatever you buy, as a responsible citizen should. By doing so, you will also be helping the rest of the investing community.

Antonym

you are correctly said.

we have to live with our means and power word for traders should be "enough"

19loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 7:39 pm

Fresher


Moderator
Moderator
I haven't been in this situation but for me the right thing to do is to sell the shares bought for credit. ie - after your cash has been used to buy, what is bought after that.

If it was me, I wouldn't want the broker to sell some of my long term shares even though they show some profit in the pf. of course there can be exceptions and this is my view.

20loss on forced selling by broker Empty Re: loss on forced selling by broker Sat Aug 27, 2011 8:19 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
dear mcqueen,
It is better to change your broker.(It is asha phillips Isn't it?) Difficult to find good advisers at asha phillips and you can't select an adviser by yourself because you don't know who is good. You can choose captial trust. More better if you can use the online trading system as you can do trades independently. Smile

Sponsored content


Back to top  Message [Page 1 of 2]

Go to page : 1, 2  Next

Permissions in this forum:
You cannot reply to topics in this forum