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Can one make money on the Stock exchange by following stock guru's?
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ProverB
#11 Posted : Friday, December 17, 2010 7:53:43 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
@the Deal..why do i feel like you are taking people on a ride?? u've been on this game longer than most and u know the ropes better too..
..ama ni for the benefit of those who never asked? smile smile
..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
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Sober
#12 Posted : Friday, December 17, 2010 8:34:38 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
this is a good question. most of us here tend to portray the best part of us. if i may give myself an example; i always talk confidently about KPLC yet i never mention that i got burnt by Express Kenya.
lesson; some of the discussions here are more of confirmatory tests and not the real strategy, you should have done your thing and decided whether to invest or not, how much and for how long. after all that, this is the best place for fine tuning. not the other way round.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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ProverB
#13 Posted : Friday, December 17, 2010 8:46:48 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Sober wrote:
this is a good question. most of us here tend to portray the best part of us. if i may give myself an example; i always talk confidently about KPLC yet i never mention that i got burnt by Express Kenya.
lesson; some of the discussions here are more of confirmatory tests and not the real strategy, you should have done your thing and decided whether to invest or not, how much and for how long. after all that, this is the best place for fine tuning. not the other way round.


nice illustration here..to distinguish value investing from momentum investin

..stocksmaster has listed KPLC,Kenolkobil,KCB and DTK as buys at current prices..
..comparing value to price..he is spot on..

the more the people focus on these four counters..the higher the demand..prices rise..and pretty soon the "basis" upon which stocksmaster made that list does not hold anymore and he says "sell".. if those who bought based on his opinion do not follow him to the exit..they will burn.

A guru will work for you if you follow him thro a trade..entry-exit..or exit to entry point.. and NEVER change reason/basis for why take an action midway through the transaction! hio sasa ndio ABK! smile

why did you buy express?
..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
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the deal
#14 Posted : Friday, December 17, 2010 9:52:40 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
ProverB wrote:
@the Deal..why do i feel like you are taking people on a ride?? u've been on this game longer than most and u know the ropes better too..
..ama ni for the benefit of those who never asked? smile smile

Laughing out loudly Laughing out loudly Laughing out loudly this is a questions for those who never asked and our guests...i'm a guru too you can follow me...i suggest sell all your shares and put in KQLaughing out loudly Laughing out loudly Laughing out loudly
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ProverB
#15 Posted : Friday, December 17, 2010 10:03:32 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
the deal wrote:
...i'm a guru too you can follow me...i suggest sell all your shares and put in KQLaughing out loudly Laughing out loudly Laughing out loudly


..you know i would..if i was convinced. One "6-Months" very good results against a backdrop of 5year pathetic history is not good enough for me.

I guess that means we only follow gurus that confirm our own judgement uh?
..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
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the deal
#16 Posted : Friday, December 17, 2010 10:06:54 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
ProverB wrote:
the deal wrote:
...i'm a guru too you can follow me...i suggest sell all your shares and put in KQLaughing out loudly Laughing out loudly Laughing out loudly


..you know i would..if i was convinced. One "6-Months" very good results against a backdrop of 5year pathetic history is not good enough for me.

I guess that means we only follow gurus that confirm our own judgement uh?

Look's liked'oh! d'oh! d'oh! smile smile smile
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smooth
#17 Posted : Friday, December 17, 2010 12:13:45 PM
Rank: Member

Joined: 10/26/2007
Posts: 31
In one of the books i read on a stock investor trading habits , he believed in himself and would only hear from any who made more returns in prior years than he did and had proof of it . In essence , if you your gains were more than his then he would trust you as an advisor.
I enjoy the arguments and thoughts of most here , but if a case is raised is on a stock i have an interest in then i go through all related info on the web and then make my decision.
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2012
#18 Posted : Friday, December 17, 2010 12:56:49 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
@the deal

You'll make some pocket change here and there in the short term but you'll eventually get burned for putting too much faith in other people's opinion. Someone gave an example once of this mentor who told his protégé to jump off a cliff and he wont get hurt and sure enough when he jumped the water below cushioned his fall and he did not get hurt from the fall but he drowned.

Do the research for yourself and invest long-term in the counter you feel safe in othewise if someone shouts Unga and you jump in, tomorrow Sasini and wewe huyo, you will burn your fingers. Guaranteed.

BBI will solve it :)
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Sober
#19 Posted : Friday, December 17, 2010 2:11:07 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
2012 wrote:
@the deal

You'll make some pocket change here and there in the short term but you'll eventually get burned for putting too much faith in other people's opinion. Someone gave an example once of this mentor who told his protégé to jump off a cliff and he wont get hurt and sure enough when he jumped the water below cushioned his fall and he did not get hurt from the fall but he drowned.

Do the research for yourself and invest long-term in the counter you feel safe in othewise if someone shouts Unga and you jump in, tomorrow Sasini and wewe huyo, you will burn your fingers. Guaranteed.


2012. you are right. another thing, if someone tells you that he's never lost at the bourse, he's lying.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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