jmbada wrote:
No-one's actually answered my question as to whether or not a considerable grouping of investors in Kenya actually place Real Money trades based on a few anonymous parties' postings on alleged trades. I was referred to another discussion thread that provided ANECDOTAL evidence that some investors may be following online anonymous postings, but it didn't really prove anything one way or the other.
I do maintain and will never change my mind that anyone who buys / sells securities based on an anonymous posting (including my own) IS behaving like an inexperienced investort (acceptable, since we all have to start from somewhere) an idiot or a muppet / puppet (operating on someone else's whims). I will NEVER change that viewpoint and make no apologies for it.
@jmb
Well, we have been in Wazua for a long while. During this time, we have followed SM's postings and even before he started the post on playing the market live last year, he had already won our respect in his knowledge with kenyan stock market..... well, this respect he earned because trust me, if you see investor's gathered somewhere, they are not a bunch of fools.... they wont throw their money just because of one person unless they also believe its a good move.
Now, someone posted for you SM last year's tradings. If you go through them, you realise that he posted after every trade....so at the end of the year, he did not know how the market will move so its doubtful that he cooked the figures along the way to suit the outcome of the thread.... he had people watching and as you realise, wazuans just dont watch and follow sheepishly, they question, ask for rationale etc.
The decision to follow or take his advise is entirely individual based. If you cant take such advise, thats good. if you take it blindly, thats up to you. if you get ideas from the postings and do your analysis and think its a good move, great. Its entirely optional.