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What was your worst mistake in trading.
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:Regulator revokes licence of pioneer venture capital firm Acacia Fund Were they pushed out or did they opt to get out? Full Article Link:
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Rank: Member Joined: 2/20/2007 Posts: 359
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My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk  "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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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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[quote=obiero]  Really regret HF COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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iris wrote:Agreed. I remember puzzling over empty Uchumi shelves after a rights issue; then the truth emerged. Uchumi raised cash through rights and instead of stocking up the stores, they paid suppliers whose wares were already sold and proceeds missappropriated. zero sum arithmetic. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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watesh wrote:obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:watesh wrote:obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers Stocks that I invested in but had to cut my losses; 1. Everready 2. EA Cables 3. Olympia 4. Access Kenya 5. KQ 6. Uchumi Thankfully none of the holdings was substantial so the losses were more than offset by gains from sound companies like EABL, KCB, BAT, NMG, Centum, Kakuzi, Safaricom and Kengen. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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sparkly wrote:obiero wrote:watesh wrote:obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers Stocks that I invested in but had to cut my losses; 1. Everready 2. EA Cables 3. Olympia 4. Access Kenya 5. KQ 6. Uchumi Thankfully none of the holdings was substantial so the losses were more than offset by gains from sound companies like EABL, KCB, BAT, NMG, Centum, Kakuzi, Safaricom and Kengen. I also once traded CABL, luckily I made a return on it.. My worst recent choice was getting back to HF while I was told by insiders that there was rot in the books. I underestimated the smell of the skunk till it was too late COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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What was your worst mistake in trading.
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