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The Bull has Arrived
polymer1
#151 Posted : Thursday, January 06, 2011 3:35:16 PM
Rank: New-farer

Joined: 6/22/2010
Posts: 16
Location: Westlands
Are you insinuating that if 100 shares are available at a price I am comfortable with I shouldn't buy?
You should be wondering why NSE hasn't changed the rules not why investors buy/sell.
There is nothing like making money, you have to earn it.
VituVingiSana
#152 Posted : Thursday, January 06, 2011 3:40:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Sufficiently Philanga....thropic wrote:
Wonder why @satchu et al buy/sell 100 shares of the Plantation counters just for these stocks to feature as top gainers, case in point Kapchuria today is tops notwithstanding a paltry 100 trade.
I think the NSE/CMA should come up with a rule that prices can only change after hitting a certain daily turnover threshhold as happens in Nigeria and other counties!
This particularly is very critical in times of a bear mkt where volumes are thin!
There is a downside as well to your proposition!

The issue is that no-one wants to sell more than 100 shares at the current price... We need market-makers OR allow the price to rise (or drop) to levels where Sellers/Buyers want to sell/buy...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#153 Posted : Thursday, January 06, 2011 4:01:50 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
I have Kapchorua but I will BUY at 110/- (no sellers at the moment) but I will sell at 200/- if the NSE allows it to rise...

Without a decent mechanism of price discovery for illiquid shares, the price will be stuck!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
jawz1
#154 Posted : Thursday, January 06, 2011 4:15:31 PM
Rank: Member

Joined: 8/4/2008
Posts: 205
Location: Nairobi
Help me out here, KK highest bid at 10.10 and lowest at 10.00 yet closes at 10.50shs? d'oh!
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
mjuaji wa stocks
#155 Posted : Thursday, January 06, 2011 4:35:11 PM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
jawz1 wrote:
Help me out here, KK highest bid at 10.10 and lowest at 10.00 yet closes at 10.50shs? d'oh!


Wewe.....relax......let the baby wait for me!!!

Acha niunde pesa kwanza halafu nitairudia......let it stay theresmile smile smile
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!

2012
#156 Posted : Thursday, January 06, 2011 4:42:36 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
jawz1 wrote:
Help me out here, KK highest bid at 10.10 and lowest at 10.00 yet closes at 10.50shs? d'oh!


I think you've misplaced a zero. It's 10.05

BBI will solve it
:)
jawz1
#157 Posted : Thursday, January 06, 2011 4:54:11 PM
Rank: Member

Joined: 8/4/2008
Posts: 205
Location: Nairobi
2012 wrote:
jawz1 wrote:
Help me out here, KK highest bid at 10.10 and lowest at 10.00 yet closes at 10.50shs? d'oh!


I think you've misplaced a zero. It's 10.05

Quoted 10.50shs from NSE's summary at NSE
I also agree it should be 10.05shs but why are these kind of errors input into the NSE daily figures? Hawana calculators?
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
qw25041985
#158 Posted : Thursday, January 06, 2011 5:14:52 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ deal . only 1500 shares . are u sure ? Please do all you have to do under the sun to get in because once we jumps past 24.00 all hell breaks loose and tryin to buy it at that time will be cashing a stock price which is DangerouS.
Celebrations now shld be in order Access Kenya jumped the 16.00 resistance . Hurrrrrrrray !!!!!!!!!! Open the bottles and lets toast to profits. access Kenya 24.00 here we come .Whose with me ? i hope amnt in this bus alone.
I am so loving this bull run . LOL .Even my everready jumped up today ? my portfolio is all green !!!!!!!!!!!!!!!!!!!!!.i cannot wait to cash in my profits .
Anybody feelin what i am sayin ?
Your future depends on your dreams so go to sleep !
Sufficiently Philanga....thropic
#159 Posted : Thursday, January 06, 2011 6:01:49 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
polymer1 wrote:
Are you insinuating that if 100 shares are available at a price I am comfortable with I shouldn't buy?
You should be wondering why NSE hasn't changed the rules not why investors buy/sell.


Please understand my statement(s) first before commenting!
@SufficientlyP
Sufficiently Philanga....thropic
#160 Posted : Thursday, January 06, 2011 6:08:19 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
VituVingiSana wrote:
I have Kapchorua but I will BUY at 110/- (no sellers at the moment) but I will sell at 200/- if the NSE allows it to rise...

Without a decent mechanism of price discovery for illiquid shares, the price will be stuck!

And therein lies the challenge!
Maybe they should just do away with the 10% daily price movement cap for the illiquid ones until they are liquid.Again the question will be, what are/will be the parameters for defining liquidity of a stock?
@SufficientlyP
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