Rajesh Sharma
Many officials working as regulators do share trading. Some prominent officials of NRB are at the fore front followed by SEBON and Beema Samiti. Some official working as operators do share trading. The officials of NEPSE and CDSC belong to this category. Some influential brokers do share trading. Normally, some big traders do share trading using third party's, small traders', money in collaboration with brokers. If CDS implemented, their traditional modes operandi of BT trading shall have to go. Hence, they put obstacles in one or other way.
This sounds the sole reason behind the delay now. We are living in an anarchic environment. Hence, we should follow some discipline. Some tips mentioned below hopefully could help us.
1. Let's assume that for a long time, say a year or two, CDS would not be implemented. What should we do? We should go for long term investment that is for 3 to 5 years or beyond.
2. If we like to do trading, we should closely watch what the large BT holders are doing. Inside information and floor sheets are key to such watch. If they buy, let's buy and if they sell, let's sell. Trading without knowing the trend and trading without following the trend may be a loss making business.
3. For investment, fundamental analysis and company selection are key to succeed and for trading inside information, both that of companies and BTwalas, and keeping track with trend are key to be successful in this anarchic situation. Technical analysis and understanding common investors behavior would help but with limitation.
Note: the analysis presentation above is my qualitative assessment and not substantiated by quantitative data. Hence, please read this simply as opinion.
