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Mumias leaves a bad taste in investors mouths
My 2 cents
#21 Posted : Tuesday, November 09, 2010 12:19:08 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Go easy on the dude, he is only 25.
lovely2010
#22 Posted : Tuesday, November 09, 2010 4:02:51 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
I have mumias but dont regret it...lets assume you bought 1000 shares of mumias @ 13.50 you bought 1000 again today @ 9.85 if you do cost average itakushukishia price ya 13.5 to 11.6 The more you buy when going down, the better for you. Please stop wallowing....
Aguytrying
#23 Posted : Tuesday, November 09, 2010 4:39:47 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
lovely2010 wrote:
I have mumias but dont regret it...lets assume you bought 1000 shares of mumias @ 13.50 you bought 1000 again today @ 9.85 if you do cost average itakushukishia price ya 13.5 to 11.6 The more you buy when going down, the better for you. Please stop wallowing....

it depends on how long you want to hold your shares and have your money held up. This one could be a year or who knows.
The investor's chief problem - and even his worst enemy - is likely to be himself
wote
#24 Posted : Tuesday, November 09, 2010 5:17:31 PM
Rank: Member

Joined: 10/18/2007
Posts: 217
So long as it keeps paying dividend hold long as one can.
Govmusili
#25 Posted : Wednesday, November 10, 2010 8:10:41 AM
Rank: New-farer

Joined: 1/13/2010
Posts: 85
Location: Nairobi
Its a scary1, it might be a buy under 9 but theres alot of uncertainty surrounding its future. it would take some1 with big cahones to touch this1.
hisah
#26 Posted : Wednesday, November 10, 2010 8:11:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977

I agree. Go easy @QW, we are all here to learn. There's no trader/investor that doesn't make a bad call at some point. The worst that could happen is we learn nothing from these episodes.
@the deal - for a contrarian play MSC is quite risky having broken below 10. I had stated sometime back there was a possibility 10.xx price order could be filled after it broke below the trendline at 13.50 and breach the 12/- support level before a bounce. That was a clear warning since btw 10.20 & 12 price zone, there was an air pocket (no strong support level). The steep dive below 10 is overextended, but warns for further losses towards 8.40 esp with ex div effect. Too risky to catch a falling knife for a major risk reward potential play.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
ProverB
#27 Posted : Wednesday, November 10, 2010 8:30:22 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
wote wrote:
So long as it keeps paying dividend hold long as one can.


.. ??? ..you'd rather lose out on capital appreciatin cycles for miserly dividends?


hisah wrote:
I agree. Go easy @QW, we are all here to learn. There's no trader/investor that doesn't make a bad call at some point. The worst that could happen is we learn nothing from these episodes.


...that would be fine if the bad calls were fewer..and spaced out..and u didn't call everyone else a fool for disagreeing with ur sentiments..and you didn't "think u are too good to learn" from people here.
..i'm just saying.


hisah wrote:

@the deal - for a contrarian play MSC is quite risky having broken below 10. I had stated sometime back there was a possibility 10.xx price order could be filled after it broke below the trendline at 13.50 and breach the 12/- support level before a bounce. That was a clear warning since btw 10.20 & 12 price zone, there was an air pocket (no strong support level). The steep dive below 10 is overextended, but warns for further losses towards 8.40 esp with ex div effect. Too risky to catch a falling knife for a major risk reward potential play.


..on this.. I agree.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
mlennyma
#28 Posted : Wednesday, November 10, 2010 8:48:02 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
More blood needed.below 9 get in big time
"Don't let the fear of losing be greater than the excitement of winning."
innovator
#29 Posted : Wednesday, November 10, 2010 8:58:51 AM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
X13united wrote:
Av been waitin for such a topic n voila! Someone had it in mind too. Fridays n sundays post in standard newspaper must have been a post dividend bait,just to lure more blood to paint the whole street. I admit that am in msc big time. Readers advice: post encouraging details the likes of sh7 n sh8 may simply send me to my casket before due time. All said n done-am waitin for my dividend,i hope it wil last me til we ressurect. I rest my case your honor.

@x13, You are not alone, you make me laugh and at the same time sympathize, all the gains i have made for the last two months in other counters have been eaten up by this sweet turned bitter thing. I understand the decision now to either hold, sell, or buy is difficult, status quo could be the option and wait for nature to take its course. Also rest my case your honor.
the deal
#30 Posted : Wednesday, November 10, 2010 9:06:21 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The divergence between global sugar prices n MSC is worth noting...as long as the sugar prices r sky high no Comesa sugar will come this sides...i will look at the charts and spot an entry point.
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