Thai Police Bust Multi-Million Baht Sex Toy Smuggling Ring

[webfact]

SEC to look into suspected market manipulation leading to Monday's panic

BANGKOK, 17 December 2014 (NNT) – The Minister of Finance has ordered the Securities and Exchange Commission (SEC) to keep its eyes on the activities of suspected stock market manipulators, in light of the steep decline of the SET index on Monday.

Finance Minister Sommai Phasee admitted on Tuesday that there were groups of individuals who attempted to manipulate stock prices on Monday, during which the SET index was seen shedding as many as 138 points, for the purpose of re-acquiring the stocks at cheaper prices. According to Mr. Sommai, the current volatility in the stock market is being caused by external factors, and that stock indices worldwide have been declining because of concerns over the oil price decline.

Prime Minister Prayut Chan-o-cha indicated on Tuesday that Monday's drop of the stock index resulted from groundless rumors, and relevant agencies were determining whether there had been any orchestrated attempt to spread the said rumors for the purpose of manipulating stock prices. General Prayut said this behavior had been detected in the past, and the public must exercise caution when making investment decisions.


-- NNT 2014-12-17

[GAZZPA]

"oil price decline?",,, but, but I thought that the drop in fuel pump prices was all about effective economic management by general Prayuth! i thought he was giving something back to the people, has he tricked us all?

Cant believe there is ever any stock market manipulation in Thailand, surely that can't be true.

[BlackJack]

maybe someone was trying a bot for the first time and said I wonder what will happen if i push this button

[pattayasnowman]

What a load of rubbish! Whenever there is a dramatic price drop in stock or currency there are always someone blaming it on manipulation or speculators. Whereas it is simply free market forces - thats it plain and simple.

[Bob12345]

What a load of rubbish! Whenever there is a dramatic price drop in stock or currency there are always someone blaming it on manipulation or speculators. Whereas it is simply free market forces - thats it plain and simple.

if it goes down it is due to outside forces.

If it goes up it because Thai companies are so good and the country has a bright future.

[Baerboxer]

What a load of rubbish! Whenever there is a dramatic price drop in stock or currency there are always someone blaming it on manipulation or speculators. Whereas it is simply free market forces - thats it plain and simple.

Of course, insider trading, illegal bank cartels, bank rate fixing, forex fixing, share price manipulation all just figments of the imagination.

Never happen in the real world - all too regulated and people far to honest and ethical

PS - wasn't one of Thaksin's sisters and her spouse convicted earlier this year for insider trading? Probably just politically motivated eh?

[how241]

It's all a rigged casino...Stocks and commodities don't follow fundamentals anymore.

[timewilltell]

Fundamentals were never really relevant to the short term fluctuations in prices. Those were always driven by psychology and news is one of the methods of affecting that psychology - manipulating prices is the other way.

People can ce brainwashed for a very long time but ultimately a company must pay a dividend and make a profit. Much creative accounting goes into keeping the psychology of the investor happy after all. However groups of traders can certainly precipitate a sell off - seen it often

[JacChang]

YYYYawwn.

Traders... always need good and bad news to make profits.

I just keep finding good fundamentally sound companies, and increase increase increase my shareholding. Richer every year.