Posts tagged sec

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 ...

Will the new broom sweep clean?

Dec. 8, 2011, 3:47 p.m. cse , sec

Last post on the market for a while, from tommorow it's just going to be sit and watch with most of the money out of the market and safely back in the bank. Let us hope that the new Chief of the Securities Exchange Commission doesn't end up having to fight a bubble as his first task like the last on ...

Crawling Out of The Woodwork

Dec. 4, 2011, 12:24 p.m. BUKI , cse , sec , T-Bill

It was only six weeks ago that the Lanka Business Review had a piece by Shamindra Kulamannage on the Colombo Bourse: ...

The SEC Chief Resigns

Dec. 1, 2011, 1:54 p.m. Dow Jones , Madoff , Rajaratnam , sec

"I have repeatedly said I serve at the pleasure of the president and at my own pleasure"Thus spoke, William Donaldson, the former chairman of the United States Securities Exchange Commision on the day he handed over his resignation. Apparently Donaldson's reign was a stormy one, he resigned after st ...

The Bourse - A junky looking for a quick fix.

Nov. 30, 2011, 3:56 p.m. Bartleet , Bubble , sec

For the 5 people who have never gotten high, I will try to explain it. at first, before you are really high, you become really giddy and will laugh at the slightest thing. you also may remember random things and pointlessly share them. When you are high, it feels very much like your dreaming.- The U ...

Was the SEC director general fired due to incompetence?

Nov. 5, 2011, 3:17 a.m. cse , Price Band , sec , WAPO

The director general of the Securities Exchange Commision of Sri Lanka was fired on the second of November. The market cheered the move with both indices gaining as much as 3.5% intraday.  In actual fact, Malik Cader was not fired but kicked upstairs (given a more senior post at the finance ministry ...

The SEC isn’t as dumb as it looks

Sept. 15, 2011, 1:54 p.m. cse , sec , warrants

Either the Sri Lankan Securities Exchange Commision isn’t as dumb as it looks or the commissioners are finally waking up to the reality that their inaction is gradually killing the Colombo Stock Exchange.When you hear the phrase ‘Finger licking good’ and you think of KFC, ‘The ultimate driving machi ...

Moving the goal posts

Aug. 10, 2011, 1:38 a.m. Bubble , cse , entropy , sec

The absolute zero of temperature is unattainable - the third law of thermodynamics.   Prof. Jerence Nansel Oleap Fernando better known as Prof JNO, lectured us on Thermodynamics during our final year at the University of Colombo. He likened the attempt to reach absolute zero to a game of footb ...