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Most frustrating stocks
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Wondergirl
#51 Posted : Wednesday, September 15, 2010 5:31:01 PM
Rank: Member

Joined: 9/12/2009
Posts: 312
underweight wrote:
OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING... Bought 1000 @ 35.00 then 2000@ 20 then took up all my right n additional 1000@ 14. Bought another 5K @ 15.50 Managed to Exit 10K at 9.00. and holding 6000. Contemplating of averaging down but once bitten twice shy!

My frustration story is Kenya Re and Cables.
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underweight
#52 Posted : Wednesday, September 15, 2010 6:11:55 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
Wazuan kindly dont laugh at me...atleast nimefungua roho yangu!! Am sure there are those who have more to say but r just keeping to themselves...just to mention few are those that bought in to CABLES, Centum before the split n CFC Stanbic before the merger. I accept I burned my fingers (sic hands) on this...may be its coz am using blood money. LOL!! @ simonkabz nilijaza weight nawadays!
"A bad decision made now is beta that a good one made later!!"
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kyukkamba
#53 Posted : Sunday, September 19, 2010 9:28:33 AM
Rank: Member

Joined: 5/28/2010
Posts: 151
underweight wrote:
"A bad decision made now is beta that a good one made later!!"


Where is Ocampo to read this!!!Sador is this the reason why you have been averaging every now and again?
Ni Uhuru wa Mbesha...Niguo kana tiguo?
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PKoli
#54 Posted : Sunday, September 19, 2010 12:53:12 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
Wendz wrote:
My headache definitely is AK... I bought it at 32 and for some reason, its a share i havent thought of averaging down. The money i intended to use to average it down, i entered Mumias and it was not a bad decision... Right now, i am thinking It would be better putting the money in KK than averaging it down.... Not sure if it will pay like Mumias but KK is a solid company in the right country with the wrong government agencies..... That's its only woes...

Wendy, how about putting the peso's in KCB? It doesn't have much ''woes'' at the moment, touch wood. Also much less risky than KK (though we know that high risk may equal high returns sometimes) Seems that the management has woken up. In the last 2 weeks, the press has been awash with details of deals KCB have concluded and others in the pipeline. Not long now. NB: Bought some KK at 9 recently, having bought previously at a higher price. I also have KCB.



I have been fairly lucky;only mess was buying a number of BOC at between 130-140 despite reservations from a number of Wazuians. I did not lose money, but opportunity. I have since beefed my KCB, most of which I took during the rights and adding up at the current price. I have also added some DTB (this could be another ARM!). I am speculating with Safcom and MSC. I missed two boats EABL and ARM.
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  | | Edit by user: Sunday, September 19, 2010 12:54 PM | Reason: Not specified
PKoli
#55 Posted : Sunday, September 19, 2010 1:49:28 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
underweight wrote:
OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING... Bought 1000 @ 35.00 then 2000@ 20 then took up all my right n additional 1000@ 14. Bought another 5K @ 15.50 Managed to Exit 10K at 9.00. and holding 6000. Contemplating of averaging down but once bitten twice shy!


You had strong faith in the company. I cant believe that it once traded at 35 bob! The best thing is to cut loses and enter another security. In 2006 or 7 I was in a similar situation when I bought KQ at 100, then 90. I ended up selling all at 80 and never looked back. If I had money I would have continued averaging when it went to 20; but that is after a very long wait.
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Sufficiently Philanga....thropic
#56 Posted : Thursday, September 23, 2010 4:00:23 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
for me, the most frustrating stock of all time would have to be Sameer, aka Firestone. I cost me an arm n a leg, a staggering 28.50 per stock in early Dec 2006 only to sell it for a song at a paltry 10 in June 2008. I learned my lessons, picked myself up, dusting myself as i got to my feet, walked on never to look back!!!!! Since that day, i have always feared Merali!
@SufficientlyP
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BGL
#57 Posted : Thursday, September 23, 2010 6:15:31 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
For me it is EACABLES. I bought it at Ksh485 before it was split. The leaving of Mugo Kibati made things even worse and the downward spiral is unrelenting. They did issue a profit warning from losses made in their Tanzanian subsidiary so we can only expect lower profits compared to last year. Personally, i do not expect anything to excite this counter. Perhaps they need to sack the CEO.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Thursday, September 23, 2010 6:17 PM | Reason: Not specified
youcan'tstopusnow
#58 Posted : Thursday, September 23, 2010 6:20:43 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sufficiently Philanga....thropic wrote:
Since that day, i have always feared Merali!

Sufficiently Philanga....thropic, you should catch a beer with VVS sometime. I think you two will get along just fine. smile
GOD BLESS YOUR LIFE
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winston
#59 Posted : Monday, October 04, 2010 2:12:20 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
My biggest regret is Paka. Bought at 10/= now down to 3.80/=. Am thinking of jumping before it sinks with me!
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bartum
#60 Posted : Monday, October 04, 2010 2:34:21 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
my first share to by at NSE was buying ICDCI at 80 having quoted market price as my broker told me it will do another cables after split. And sold it at 32 and learnt hard lessons the hard way.
underweight wrote:
OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING!! OLYMPIA CAPITAL HOLDING... Bought 1000 @ 35.00 then 2000@ 20 then took up all my right n additional 1000@ 14. Bought another 5K @ 15.50 Managed to Exit 10K at 9.00. and holding 6000. Contemplating of averaging down but once bitten twice shy!
pole ndugu
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