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Best shares to speculate in
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ecstacy
#11 Posted : Tuesday, July 07, 2009 3:27:00 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
I'd position myself in Kenya Airways and AccessKenya and ride the wave as we go further into the investment horizon.
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Magnetic Touch
#12 Posted : Tuesday, July 07, 2009 3:31:00 PM
Rank: Member

Joined: 12/31/2008
Posts: 90
@Stonemimi. Obviously you aint no fan of speculation. Lakini,why not start another topic like,'Best shares to invest in for the next 5 years'. We would like to see your picks with reasons for the choices.

Men occasionally stumble over the truth,but most of them pick themselves up and hurry off as if nothing ever happened.
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Renegade
#13 Posted : Wednesday, July 08, 2009 9:00:00 AM
Rank: Member

Joined: 4/18/2009
Posts: 118
It looks like the prices are on a steady fall. Safaricom is now at 3.65 down from 3.75 average yesterday and Mumias has traded at 6.05 today.

What would be a good price to get into Safaricom and Mumias. What about AK? 3.30,5.95 and 25 would be OK? What do others think?
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Iborian
#14 Posted : Wednesday, July 08, 2009 9:45:00 AM
Rank: Member

Joined: 4/17/2009
Posts: 194
@Renegade. A good speculator does not approach the mkt with preconceived notions of what prices to buy and sell at. The mkt provides it for him through volume and price action.

In any case,even if I have determined an entry and/or exit price level,it would not be wise for me to broadcast,until afterwards.

Otherwise,I will be running the risk that you will pre-empt my moves. I am afraid that sounds selfish,but that's just the way it is. It is a tough world!


'When you do not know a thing,admit that you do not know it. This is knowledge' - Confucius
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Magnetic Touch
#15 Posted : Wednesday, July 08, 2009 11:51:00 AM
Rank: Member

Joined: 12/31/2008
Posts: 90
A lot of red arrows today. Time to start sharpening our knives,next two days......

Men occasionally stumble over the truth,but most of them pick themselves up and hurry off as if nothing ever happened.
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SUSU
#16 Posted : Wednesday, July 08, 2009 12:29:00 PM
Rank: Member

Joined: 11/14/2006
Posts: 64
Location: Far East
What is happening with Bamburi??? Very steep rise .. will it ever reach 200+??
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misrite
#17 Posted : Wednesday, July 08, 2009 1:12:00 PM
Rank: Member

Joined: 11/7/2008
Posts: 2
@Iborian,how long have you been speculating?

How will Renegade pre-empt your moves considering the unpredictable nature of the stock market!

Exactly what kind of 'thorough research' is required to speculate??
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jerry
#18 Posted : Wednesday, July 08, 2009 2:22:00 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@Misrite. 'thorough research' includes being lucky. Somebody needs to accept the cyclic nature of each share and try as much as possible to get all the info that might lead to appetite(or lack of it) for a given stock. Remember this always: buy from pessimists and sell to optimists.

Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season.
The opposite of courage is not cowardice, it's conformity.
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young
#19 Posted : Wednesday, July 08, 2009 3:38:00 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Speculation per se is not bad but if you do it frequently you stand a high risk of losing.

Two to Three trades (buy/sale) should suffice otherwise you will definately run into problem. Spend more time watching the market than buying and selling.

It is better to grow your portfolio steadily like what am doing with KCB,EABL,and ARM than to to gain big and lose everything thereafter.

Frequent trading just like speed thrills when you gain and kills when you lose woefully.







AFRICAN INVESTOR
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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