Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi
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ngapat wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:watesh wrote:Gatheuzi wrote:jwatesh wrote:Just bought a huge bulk of equity stock at 52 at market open, I dont think we will be seeing that price ever again obiero wrote:watesh wrote:My stock value has dropped by hundreds of thousands....will still buy more once it touches 36 Worry not.. It will turn @watesh, worry not. It is only 30% paper loss that you will recoup in about 2 years. Am a big fan of top banks in the country, as long Equity focuses on growing customer numbers I will buy no matter the price. And reducing costs. When they (soft) launched Equitel, they wanted to reduce CIR to 36% using the mobile platform to replace transactions at branches, agents and ATMs. The mobile platform cost to Equity was only 7/- per transaction. @vvs what's your target price for equity bank since the shares are dropping ama you aren't buying anymore I am conserving cash. I believe prices for most counters will fall as GoK tries to mop up cash by paying more for T-Bills. I saw that happen when CBK raised interbank rates to 30% when the KES was plummeted to 10. That said, at 30/- ... I am going in for more! I just made a bid of 40/- to add to another position i entered at 48/- sometimes back.... you are scaring me with a possibility of prices hitting 30/- I was unable to get any at that price. The bids were at 36 but then it climbed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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