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murchr
#11 Posted : Thursday, April 14, 2016 2:07:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Boris Boyka
#12 Posted : Thursday, April 14, 2016 5:27:14 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
murchr wrote:
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7

After commissions it's about 0.40/- per share. For 20000 shares he makes 8k multiply by 3 times he has done it and that's 24k while your 'cash is king' is lying in chase bank. As long as it's done on reasonable volumes money is money.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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murchr
#13 Posted : Thursday, April 14, 2016 5:43:10 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Boris Boyka wrote:
murchr wrote:
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7

After commissions it's about 0.40/- per share. For 20000 shares he makes 8k multiply by 3 times he has done it and that's 24k while your 'cash is king' is lying in chase bank. As long as it's done on reasonable volumes money is money.


This is the first time this share has hit 7.7 in those 3 months.

From Dec 1 - Dec 15 the high was 6.9. The whole of Jan the price was btn 7 - 7.5 then on Jan 28 it was back at 6.9. In Feb it hit a low of 6.5 and rose back to 7.5 in Feb 26, the march low was 6.8 to today's 7.7. If indeed he's traded at those times he must be very astute.

Now remind me is the equity settlement cycle still T+3?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Impunity
#14 Posted : Thursday, April 14, 2016 5:55:53 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
murchr wrote:
Boris Boyka wrote:
murchr wrote:
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7

After commissions it's about 0.40/- per share. For 20000 shares he makes 8k multiply by 3 times he has done it and that's 24k while your 'cash is king' is lying in chase bank. As long as it's done on reasonable volumes money is money.


This is the first time this share has hit 7.7 in those 3 months.

From Dec 1 - Dec 15 the high was 6.9. The whole of Jan the price was btn 7 - 7.5 then on Jan 28 it was back at 6.9. In Feb it hit a low of 6.5 and rose back to 7.5 in Feb 26, the march low was 6.8 to today's 7.7. If indeed he's traded at those times he must be very astute.

Now remind me is the equity settlement cycle still T+3?


For the share trading to be very effective, the equity settlement should be INSTANT like buying airtime from my Mpesa account.

Hii T+3 ni bure kabisa, I hope haiko.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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ngapat
#15 Posted : Thursday, April 14, 2016 6:06:02 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Impunity wrote:
murchr wrote:
Boris Boyka wrote:
murchr wrote:
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7

After commissions it's about 0.40/- per share. For 20000 shares he makes 8k multiply by 3 times he has done it and that's 24k while your 'cash is king' is lying in chase bank. As long as it's done on reasonable volumes money is money.


This is the first time this share has hit 7.7 in those 3 months.

From Dec 1 - Dec 15 the high was 6.9. The whole of Jan the price was btn 7 - 7.5 then on Jan 28 it was back at 6.9. In Feb it hit a low of 6.5 and rose back to 7.5 in Feb 26, the march low was 6.8 to today's 7.7. If indeed he's traded at those times he must be very astute.

Now remind me is the equity settlement cycle still T+3?


For the share trading to be very effective, the equity settlement should be INSTANT like buying airtime from my Mpesa account.

Hii T+3 ni bure kabisa, I hope haiko.


I was just testing my speculative skills and didn't want to risk a lot as i don't have a long term interest in the share. I traded only 4000 shares so no money made.
“Invest in yourself. Your career is the engine of your wealth.”
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ngapat
#16 Posted : Thursday, April 14, 2016 6:07:34 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
murchr wrote:
Boris Boyka wrote:
murchr wrote:
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7

After commissions it's about 0.40/- per share. For 20000 shares he makes 8k multiply by 3 times he has done it and that's 24k while your 'cash is king' is lying in chase bank. As long as it's done on reasonable volumes money is money.


This is the first time this share has hit 7.7 in those 3 months.

From Dec 1 - Dec 15 the high was 6.9. The whole of Jan the price was btn 7 - 7.5 then on Jan 28 it was back at 6.9. In Feb it hit a low of 6.5 and rose back to 7.5 in Feb 26, the march low was 6.8 to today's 7.7. If indeed he's traded at those times he must be very astute.

Now remind me is the equity settlement cycle still T+3?

Shame on you
Don't look at daily average only. When speculating you place a limit order and you can sell at a day's high or buy at a day's low.
“Invest in yourself. Your career is the engine of your wealth.”
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  | | Edit by user: Thursday, April 14, 2016 6:12 PM | Reason: Not specified
Sufficiently Philanga....thropic
#17 Posted : Thursday, April 14, 2016 8:36:02 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Speculating on illiquid stocks like this one is VERY RISKY in a bear market starved of liquidity!
@SufficientlyP
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murchr
#18 Posted : Thursday, April 14, 2016 8:48:52 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ngapat wrote:
murchr wrote:
Boris Boyka wrote:
murchr wrote:
mlennyma wrote:
ngapat wrote:
I have bought FTGH at sh 7 and sold at sh 7.7 three times since December last year

what volume or its hustling?


Laughing out loudly for sh 0.7

After commissions it's about 0.40/- per share. For 20000 shares he makes 8k multiply by 3 times he has done it and that's 24k while your 'cash is king' is lying in chase bank. As long as it's done on reasonable volumes money is money.


This is the first time this share has hit 7.7 in those 3 months.

From Dec 1 - Dec 15 the high was 6.9. The whole of Jan the price was btn 7 - 7.5 then on Jan 28 it was back at 6.9. In Feb it hit a low of 6.5 and rose back to 7.5 in Feb 26, the march low was 6.8 to today's 7.7. If indeed he's traded at those times he must be very astute.

Now remind me is the equity settlement cycle still T+3?

Shame on you
Don't look at daily average only. When speculating you place a limit order and you can sell at a day's high or buy at a day's low.


Unless you are the one buying at those high prices and selling at those low prices i do not see how else this 4000 trading is taking place esp given that only 100 shares traded today at that price. From Jan 1 only 3200 shares have changed hands. Lakini ni sawa, money is moving, that is good for the economy.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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  | | Edit by user: Thursday, April 14, 2016 11:13 PM | Reason: Not specified
maka
#19 Posted : Thursday, April 14, 2016 10:58:48 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
@Impunity...you can accelerate payment but you have to know people.
possunt quia posse videntur
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Impunity
#20 Posted : Friday, April 15, 2016 8:22:41 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
@Impunity...you can accelerate payment but you have to know people.


Please email that one person I should know.
I really need an instanteneous settlement.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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