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PLAYING THE MARKET-A NEW YEAR RESOLUTION
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Wa_ithaka
#21 Posted : Thursday, January 07, 2010 9:23:10 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
A change is as good as rest.
As long as you enjoy the sport, play it.
The Governor of Nyeri - 2017
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Much Know
#22 Posted : Monday, January 11, 2010 11:02:15 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
When to exit? we are already in some good profit( in case some are running copy cat portfolio).
Ras Kienyeji Man
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muganda
#23 Posted : Thursday, January 14, 2010 9:42:38 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@stocksmaster, the time is nigh. You documented your purchase into Mumias Sugar at 6.90 average on Jan 04th.

Looking at your criteria, you should have made sufficient margin of 15% by today for the month of January. Will you wait longer or exit now? Pray share
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stocksmaster
#24 Posted : Thursday, January 14, 2010 11:06:45 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
@ Muganda:

In my opinion, the Mumias sugar share still has more upside. Demand is still strong when compared to supply. The real spike will occur when the first half results for 2009/2010 are announced in the next 2-3 weeks. The current P/E of about 7.2 is still a good buy. This is a buyers market for the next few weeks.

Happy hunting
x handle: @stocksmaster79
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  | | Edit by user: Thursday, January 14, 2010 11:10 AM | Reason: Not specified
muganda
#25 Posted : Tuesday, January 19, 2010 8:27:48 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@stocksmaster, by today you've made 33% on your first play. If your purely margin trading, isn't this margin sufficient? According to your strategy, wouldn't you need to make another play in 2 weeks time? Good stuff so far though...


stocksmaster wrote:
I have always wondered wether a trader driven purely by margin trading can make money in the NSE (Without wiping all the gains in transaction fees!)

METHODOLOGY: The principal amount will be actively and aggressively traded throughout the year with at least one trade per month. Purchases will be limited to between 1 to 3 companies to ensure large share volumes. The investment design will be highly speculative.
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VituVingiSana
#26 Posted : Tuesday, January 19, 2010 8:36:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@stocksmaster - At what return/price do you plan to exit?

@muganda - There is something called riding the momentum. At 9.40 (last price I saw) he was up 36% before expenses... Makes me wonder what was the point of me buying the so-called 'longer-term' shares with decent (or better) fundamentals like low PE, high NAV, etc...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the sage
#27 Posted : Tuesday, January 19, 2010 9:08:45 AM
Rank: Member

Joined: 11/20/2008
Posts: 367
So good people in the spirit of unbridled audacity amid weariness whwre can a brother put down just a bit of cash, not worried by the amount Mugunda, my reason is that at some point you have to start somewhere.
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muganda
#28 Posted : Tuesday, January 19, 2010 10:06:40 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@the sage, go through the STOCKS TO WATCH IN 2010 thread, and pick a company you like (not stock). Everything is on the up and up so it's difficult to be very wrong.
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VituVingiSana
#29 Posted : Tuesday, January 19, 2010 10:27:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@thesage: If we knew... we would all be millionaires... nay, billionaires!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the sage
#30 Posted : Tuesday, January 19, 2010 11:20:26 AM
Rank: Member

Joined: 11/20/2008
Posts: 367
@VituVingiSana, point well noted and accordingly taken.
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