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Rank: Member Joined: 10/26/2008 Posts: 380
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Over time,live.mystocks.co.ke has been a useful tool when doing pre-buy/sale analysis. until i got this notice.. Would i pay 100bob per day (5000 per year) to access market info? when there is bloomberg (http://www.bloomberg.com/apps/data?pid=symsearch&Query=KN),stockskenya,and others? Bye mystockslive. I wont miss you! What do other users think? Thank you for subscribing to the myStocksLive service. Since October 2,2008,we have provided you with free access to myStocksLive,a sophisticated pre-trade decision support and post-trade analysis platform featuring real-time price quotes,aggregated news streams. We wish to announce the end of our free-run period as of 30th September 2009. Beginning 1st October 2009 access to myStocksLive will be on a subscription basis. Sections of live.mystocks.co.ke will be freely available albeit with reduced functionality and delayed data. www.mystocks.co.ke will continue to be a free online resource based on end-of-day trading data and with a separate login.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Now,now,my friend. You are married to www.stockskenya.com. You have been having a clandestine affair with live.mystocks.co.ke. Mystocks wants you to make 'her' your official wife by paying dowry. In view of the foregoing,if the relationship is worth it,has fire,sex is A1,you can make marry mystocks (pay up) or if not,ditch her and keep SK. Just a thought,my friend. Just a thought Live hard,die hard.
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Rank: Chief Joined: 1/3/2007 Posts: 18,099 Location: Nairobi
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There is always a cost to the good stuff. I have been using live.mystocks for free but I think for 500/- a month,I hope it can make me 10x more! Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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only two more days and its over.It was good while it lasted.But they should be more serious in the accuracy of their data,their P/Es are not always correct. I know only one broker who uses their system (cfc) while all the others use nelly data.Infact nelly data is a goldmine selling thousands of subscriptions yet live.mystocks is more versatile and people still dont use it. I wish them success. Rich.co.ke here we come please dont sell us out. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Member Joined: 4/19/2007 Posts: 68
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It is with shock that I read this thread about paying for information,know we all know why our developers will end up old and broke just like other local artists (painters,authors,actors,& musicians).
myStocks was a brilliant development live.mystocks.co.ke is literally revolutionary right from the onset they promoted local 'note the .ke' which is more than I can say for many of the other sites.
My take on this is lets support those brilliant tireless individuals out there who have given us great things for free,now its time to pay them back even if for taking the effort to take time and resources to develop instead of running around uprooting railway tracks,haki yetu!.
Mkimwa,you are what we call a hater,what have you developed and provided to us for free or even for a fee?
Nelly Data was the system used by the 3 brokerage firms that went under maybe that would explain why they are able to give you data for free. If it did not help the Nyagas what makes you sing there praises from the top of the mountain?
What are we complaining about paying for information unless you just use it for 'image purposes'. Any serious technical trader will appreciate the information provided by the new mystocks site live.mystocks.co.ke. If you really trade 500/- is a drop in the ocean of your trading costs only the wanna be trader would see this as a bank breaking expense as it generates no revenue for them.
The good thing that has come out from all this vile vitriol is that the loss of access to live.mystocks.co.ke is more painful to Mkimwa than the loss of a loved one. See you when you start trading.
There comes a time when silence needs enforcing.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Hmmmn,judging by the responses maybe @aemathenge is right on the money - is this the 'case of a faithful wife vs a demanding mistress'?
I believe in choice and all business mentioned [with exception of Bloomberg] are Kenyan anway. If you've been using mystocks then you need to pay for it. If you have access to free data like RICH,Bloomberg,SK,Business Daily,CapitalFM then so be it - competition only serves the market better.
I for one am always on the move and prefer using wap.safaricom.com - stocks from my mobile which is also live and very free.
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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What are the real monthly charges...coz everybody giving conflicting info...strange of them to give an mpesa line and they dont indicate how much should be paid...ama ni kama sadaka toa ulichonacho? The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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I bet Richlive will take this route too...
During registration,they inform you that access is free for a year only....
Its been longer than a year,but I keep expecting that knock on the door..
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Rank: Member Joined: 10/26/2008 Posts: 380
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@stocksguru..
Dont get me wrong... I pay for premium service,i even pay for relevant information. I will subscribe to it once i look around and see that there is no other alternative. Will mystocks have any additional particular value now that there is a subscription fee,or will it continue to offer what was available earlier on,but now at a fee? And to be fair,i use a number of tools/information,not just mystocks.
If all of the sites,e.g. rich,SK,BD,bloomberg providing the info take that route,then we will definitely pay for it.
From a users perspective,as long as there are providers out there with the same information at no cost to the user (its not free - someone else pays for it),i will seek them. And its on the internet.. as long as the info is accurate,reliable and timely..it doesnt have to be Kenyan.
@aemathenge - good food for thought.
@sheep.. here are rates i got from their website.
Subscription Monthly Quarterly Biannually Annually Daily Access
Standard 500 1,463 2,850 5,550 100
Professional 1,000 2,925 5,700 11,100
Corporate 2,000 5,850 11,400 22,200
I dont know the diff between the packages,will ask though.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Let me first thank mystocks for their excellent work...i always feel guilty using free labor xpecially mystock daily. Their effort deserves clink!clink! I am a general consultant,specializing in all areas. A New Kenya
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Rank: Chief Joined: 1/3/2007 Posts: 18,099 Location: Nairobi
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The 'expensive' packages seem to be for the serious traders Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/11/2006 Posts: 60
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Not to worry,once NSE starts streaming quotes,its VERY easy to provide LIVE quotes ... this is what we been asking for now over four years,even Yahoo will have free live quotes for Kenya without ANY fees at all ... further,so long as the FEED is provided free / at a reasonable fee there will be MANY outfits provinding free LIVE quotes including your broker...
Current Brokerage houses and banks will start providing live quotes & online trading by linking your accounts so that you can see LIVE BID/ASK and you can put your own bids/ask with or without a broker asistance ... thereby I can buy and sell NSE shares as one does elsewhere ...
Personally,I doubt just giving realtime quotes makes ANY sense as a viable business at all ... or it would make much sense to users... SK will be quite useless unless it joins forces with a bank/ brokerage / remain a discussion forum as is and sell ads for brokerage / banks
JIMHO
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