How The “set” Thai Stock Market Works..

[Cheeky Farang]

How the “SET” Thai Stock market works..........

Once upon a time, in a village, a man appeared and announced to the

villagers that he would buy monkeys for 100 baht each.

The villagers seeing that there were many monkeys around, went out to

the forest, and started catching them.

The man bought thousands at 100 baht and as supply started to diminish, the

villagers stopped their effort. He further announced that he would now

buy at 200 baht. This renewed the efforts of the villagers and they started

catching monkeys again.

Soon the supply diminished even further and people started going back

to their farms. The offer increased to 500 baht each and the supply of

monkeys became so little that it was an effort to even see a monkey,

let alone catch it!

The man now announced that he would buy monkeys at 700 baht! However,

since he had to go BKK on some business, his assistant would

now buy on behalf of him.

In the absence of the man, the assistant told the villagers.

"Look at all these monkeys in the big cage that the man has collected.

I will sell them to you at 500 baht and when the man returns from the city,

you can sell them to him for 700 baht each."

The villagers rounded up with all their savings and bought all the

monkeys.

They never saw the man nor his assistant ever again, only monkeys everywhere!!

Now you have a better understanding of how the Thai Stock market works.

[tingtong]

Are you sure, this isnt the ENRON story?

[LaoPo]

...AND, about greedy Wall Street bank managers, creating the Sub Prime crisis, amongst others, and than sent off with a bonus of $ 130 Million...

LaoPo

[samran]

got a bit burnt did you?

Would agree that there are a fair few companies with insufficient liquidity, and who shouldn't really be listed on the SET at all.

On the other hand, there are some decent companies out there, which major international fund managers target with sufficient liqudity and world class management in my experience.

[LaoPo]

got a bit burnt did you?

Would agree that there are a fair few companies with insufficient liquidity, and who shouldn't really be listed on the SET at all.

On the other hand, there are some decent companies out there, which major international fund managers target with sufficient liqudity and world class management in my experience.

I'm not sure if you meant me, Samran...but if so: NO, I didn't get burned, not a single penny. I'm as liquid (without alcohol ) as anybody could be; just cash and commercial real estate and no mortgages.

LaoPo

[steveromagnino]

How the “SET” Thai Stock market works..........

They never saw the man nor his assistant ever again, only monkeys everywhere!!

Now you have a better understanding of how the Thai Stock market works.

Well, they do say if you give enough monkeys typewriters...... maybe they should update that to if you give a monkey internet access and a TV password.....

thanks for the laugh.

[samran]

got a bit burnt did you?

Would agree that there are a fair few companies with insufficient liquidity, and who shouldn't really be listed on the SET at all.

On the other hand, there are some decent companies out there, which major international fund managers target with sufficient liqudity and world class management in my experience.

I'm not sure if you meant me, Samran...but if so: NO, I didn't get burned, not a single penny. I'm as liquid (without alcohol ) as anybody could be; just cash and commercial real estate and no mortgages.

LaoPo

not you mate, the OP.