Buckle Tight Regulator to be a Soul in CSE History: No More at Watch Dog’s House on All Souls Day

Sri Lanka’s No.1 Leaks site wants to inform readers exclusively with confirmed sources that with immediate effect Buckle Tight Regulator is out from his seat at the Market Watch Dog’s House. "He has submitted his resignation from office today after a Commission meeting" market source told CSE Leaks.

Investors in Sri Lanka view the ‘Buckle Tight’ as the person who brought in the ‘White Flag Incident’ to Colombo Bourse when he first gave a nod to impose a ‘Price band’ to Colombo’s rising stocks. That time some market analysts were in the opinion that Sri Lanka should follow Hong Kong rule of shooting Gunny Bags with the people who were responsible for leading stock market to a crash by ‘Over-regulation.’

With news out in York Street and Janadhipathi Mawatha and Fourth Floor at World Trade Centre Trading Floor market indices shoot up by 127 points (2%) before 1 p.m. on 2 November 2011.

Sri Lanka Market Follower Reveals Watch Dog’s ‘Goni Billa’ Price Band Theory?

By CSE Leaks Professor

The so called unexplained ‘Goni Billa’ Formulae or the 10% Price Band Theory implemented by the Buckle Tight Watch Dogs of Sri Lanka’s Capital Market was revealed to CSE Leaks by a leading market follower in the country.

“According to our studies if a company has more than 30% of Public Float, that share will never get caught to ‘Goni Billa’ Price Band” said the well versed market analyst to CSE Leaks.

“That is why REEF.N was never caught with Price Band. I guarantee similarly that if Touchwood (TOUCH) share reach Rs.500 within a day it will never get caught to ‘Goni Billa’ because there is no major shareholder for Touchwood. It is 100% guaranteed Touchwood will not get caught to 10% Price Band” he concluded.