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Best stock for 6 months?
sheep
#11 Posted : Monday, March 08, 2010 1:26:46 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
@2012,

Maybe you sold too soon.Ive just bought it today at 8.05.Why SAFCOM and its not making new highs?
@sparkly,

Go for it,we are in an early bull and the market is very forgiving right now,look out for stocks breaking their resistance points livermore wrote "Fascinating almost beyond belief,the study of pivotal/resistance points,you will find a golden field for personal research"

Fortune favours the brave.


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.
2012
#12 Posted : Monday, March 08, 2010 2:19:37 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
sheep wrote:
@2012,
Maybe you sold too soon.Ive just bought it today at 8.05.Why SAFCOM and its not making new highs?


My exit strat has always been 40% gain. Luckily this time sameer caught off-guard and went to 50%. With time I've learned that greed has made me more losses than gains.

Safaricom for me is the counter with the highest growth potential now and in the future. It cuts across all demographics, it's an easy business to grow and there's still a lot of room for innovation (could be endless).
Their competitors have the same opportunities but they prefer to waste time complaining and giving us useless offers... did you see Telkom today whining that they want a $385m refund? Seriously can't they start thinking of solutions that will help people like send us free weather forecast and I'd know when to carry my ugly free AGM give-away to cover myself?

BBI will solve it
:)
VituVingiSana
#13 Posted : Monday, March 08, 2010 3:49:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@2010 - Telkom France has a right to demand their cash if they were conned...

If you go to Uchumi & buy 1kg of soap ( the package says '1kg soap')... then you open it & has sand... you were conned... You need to return it & demand your cash!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
2012
#14 Posted : Tuesday, March 09, 2010 6:36:31 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
VituVingiSana wrote:
@2010 - Telkom France has a right to demand their cash if they were conned...

If you go to Uchumi & buy 1kg of soap ( the package says '1kg soap')... then you open it & has sand... you were conned... You need to return it & demand your cash!


True only that you can't equate this to buying a soap sachet but all the same Uchumi would not accept liability if you came to return the sachet one or two years after.

The French were spending over $300m! Didn't they think that it was wise to do an inventory into what they were buying before and after knowing very well they were dealing with an extremely corrupt African government?

BBI will solve it
:)
Horton
#15 Posted : Tuesday, March 09, 2010 6:49:59 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
The frenchies should have done their due diligence. How can they ask for almost the entire sum of cash back?? thats ludacris, its like what 2012 said....
VituVingiSana
#16 Posted : Tuesday, March 09, 2010 7:04:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@2012

1) There are warranties issued i.e. the seller 'warrants' the 'quality' of the goods being sold... When you buy soap (implied warranty) or tyres (explicit warranty)... you expect a certain level of performance...

2) You can do the due diligence but unless you are ALLOWED to count every phone or go through every account... Normally, this is not the case... The other alternative is to hire an outside firm to do the work but if there are multiple bidders then who pays?

3) The issue is not one of 'returning' the goods but being sold an underweight product. The 1kg sachet (after sifting the crap) was only 100g of soap...

@horton - The Indians (Reliance) were not fools... LOL... they refused to pay crazy prices for Telkom or SNO licenses!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#17 Posted : Tuesday, March 09, 2010 7:46:29 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Why is MSC sustaining its price??

When they reported HY earnings, they talked about white sugar prices at $750....its at $609 today, and also the abolishing of sugar importation licences surely will dent 2nd half
2012
#18 Posted : Tuesday, March 09, 2010 9:06:17 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
@sparkly, are you a gambling man/woman?
If you are or if you have some excess cash you don't mind playing around with get some Eveready at 3.90. Half year is March and if things are good (as I believe they should be) you could exit soon after. I got some at 3.40 and I'm crossing my fingers very very tightly.

BBI will solve it
:)
sheep
#19 Posted : Tuesday, March 09, 2010 9:23:13 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
The line of least resistance is the way to go.If one cannot make money on the leading group of stocks you will never make money in the stock exchange.
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.
sparkly
#20 Posted : Tuesday, March 09, 2010 11:51:07 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@2012 Everready siwezi guza, even under the guidance of Pastor Hellon. Hapana hio
Life is short. Live passionately.
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