Posts tagged ASI

CSE bugs still not fixed after two months

April 20, 2012, 4:16 a.m. ASI , cse

It's nearly two months since the automated trading system of the Colombo Stock Scam Exchange was upgraded. The upgrade came with a list of bugs as long as your arm. Nearly two months later, those bugs have not been fixed.This screenshot, captured from the CSE home page at 9:37 shows that 31 counters ...

The Colombo Lies Exchange

April 19, 2012, 2:51 p.m. ASI , COMB , CTC , sec

Well before the Colombo Stock Exchange ended trading today, I predicted that tommorow's headline in Sri Lankan business news sections will be: 'market cheers removable of the price band' which of course is a huge lie  Lanka Business Online, a journal that's miles ahead of the likes the Financial Tim ...

Guardian's Howler

Nov. 18, 2011, 5:26 p.m. ASI , Capital Trust , cse , GUAR , Trading Range

"Equity markets to face challenging times in the months to come with the knock on impact of vagaries in international arkets. We believe the CSE to be range bound and trade within a band of 6,400 to 6,800 All Share Index level" Ceylon Guardian Investment Trust PLC   Everybody makes mistakes. S ...

The october curse comes early?

Sept. 24, 2011, 1:35 p.m. ASI , cse , MPI

September dawned with the Financial Times, a Sri Lankan newspaper that dedicates most of it’s space to press releases carrying a story titled ‘super september‘ with absolutely rediculous statistics. To their credit though, they did publish my comment on that page calling it exactly that. However the ...

Assume the regulators will not do their job

Aug. 16, 2011, 3:08 a.m. ASI , MPI , Williams

Was it the legendary trader Larry Williams who said you should assume that the regulators will not do their job? So you should be surprised if they take action against manipulators. So we should not be surprised that the last successfull action against manipulators by the Securities Exchange Commisi ...

Flash Crash of the CSE

Aug. 8, 2011, 1:28 p.m. ASI , BUKI , Candles , HNB , MPI , NYSE

It was the most interesting day of the year at the CSE. With in seconds of the opening, the Milanka Price index plummeted more than 4% when the index heavy Hatton National Bank (HNB) plunged from 220 to 120. Not as bad as the flash crash of the NYSE when the Dow plunged 9% and recovered but disturbi ...

V Bottoms

July 30, 2011, 1:48 a.m. ASI , double bottom , MPI

It is said that bear markets rarely form V shaped bottoms. I have not seen any research to prove or disprove it (but it maybe out there). The punters (you can't call them investors or traders) who dabble in the Colombo Stock Exchange were in denial until a few weeks ago that we are in a bear market. ...