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PLAYING THE MARKET-A NEW YEAR RESOLUTION
guru267
#81 Posted : Wednesday, February 17, 2010 8:51:52 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i have a limit order with the broker for 35000 mumias and i've already picked up 18000 at 9.25 and still waiting for the rest with a limit order at of 8.2 Pray

i just want to take this oppurtunity to thnk all the profit takers and all the jittery foreign investors for helping me out on this one Applause
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#82 Posted : Wednesday, February 17, 2010 8:54:31 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
guru267 wrote:
i have a limit order with the broker for 35000 mumias and i've already picked up 18000 at 9.25 and still waiting for the rest with a limit order at of 8.2 Pray

i just want to take this oppurtunity to thnk all the profit takers and all the jittery foreign investors for helping me out on this one Applause

LOL... you got a nice 10% discount from last week!!!

I am waiting for Safaricom to hit 5/- but no luck. Might jump into Mumias instead...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
stocksmaster
#83 Posted : Wednesday, February 17, 2010 9:12:53 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
@ Sheep: For Safaricom, the current political climate may harm the share price in the short term, but will have minimal effect in their financials ending March 2010.

At this current political climate,am awaiting for the price to fall further affording me an opportunity to purchase more of the same. Remember i still have Cash in Hand worth about Ksh 230,000.

Mumias is also creating an interesting purchasing opportunity what with the stampede exit of the mainly local investors.If it goes below Ksh 8.50, then am in.

Happy hunting!

x handle: @stocksmaster79
Manja Investor
#84 Posted : Wednesday, February 17, 2010 11:30:08 AM
Rank: Member

Joined: 11/13/2008
Posts: 87
BTW, When are we expecting EB results?
the deal
#85 Posted : Wednesday, February 17, 2010 11:36:22 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Bailed out of safcom @ 5.30 got in last year october @ 4.40(my target was 6.10) and kenya re @ 13 i got in @ 11.90 last year Dec(my target was 20)...the only shares i have now r coop i bought @ 9.70 two weeks ago...
guru267
#86 Posted : Thursday, February 18, 2010 5:17:18 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
Bailed out of safcom @ 5.30 got in last year october @ 4.40(my target was 6.10) and kenya re @ 13 i got in @ 11.90 last year Dec(my target was 20)...the only shares i have now r coop i bought @ 9.70 two weeks ago...


@the deal.. what reason do you have for bailing out of those counters with such minimal returns???
because when their announcements start coming through and the politics ends your initial targets will be smashed... dont you think you will regret???
Mark 12:29
Deuteronomy 4:16
the deal
#87 Posted : Thursday, February 18, 2010 1:33:21 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ guru267 yep i might regret but time is still on my side....we have 2 months to go to safcom results...i needed the money...
stocksmaster
#88 Posted : Thursday, February 18, 2010 2:38:09 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
ACTIVITY 6: PURCHASE OF 20,000 SHARES OF SAFARICOM AT KSH 5.30

DATE: 18TH FEBRUARY 2010

Value of transaction: 20000 X Ksh5.30 = Ksh106000
Add transaction costs(2%)=Ksh 2120

Total cost of purchase = Ksh 108120

Cash in hand after activity 5:Ksh 230550
Less cost of purchase(Activity 6): Ksh 108120

Cash in hand after activity 6:Ksh 122,430

SUMMARY OF CURRENT PORTFOLIO:

Cash in hand after activity 6:Ksh 122,430

CDSC portfolio: 120,000 shares of Safaricom

Happy hunting
x handle: @stocksmaster79
VituVingiSana
#89 Posted : Thursday, February 18, 2010 3:22:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Sigh... I was hoping to get back in cheaper but Raila spoilt the party by saying he will talk to Kibaki... LOL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#90 Posted : Thursday, February 18, 2010 3:28:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@stocksmaster - Nice timing... especially if the market picks up coz of the perceived 'peace' between raila & kibaki
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
39 Pages«<7891011>»
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