wazua Wed, Mar 25, 2026
Welcome Guest Search | Active Topics | Log In

13 Pages«<7891011>»
Equity train run out of coal? Nay Q1 results up seriously
mukiha
#81 Posted : Monday, May 24, 2010 10:00:07 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
MaichBlack wrote:
HOLD. You are selling too soon. Why not wait for the results? Or you can wait for the price to stagnate - say by 4th May - or friday this week if you are in a hurry.

I think the current upsurge was ignited by M-Kesho. And hey, I'm still holding onto two-thirds. If the results are as good as everybody seems to think I will celebrate with them, If not, I will be happy I took the profit. Kind of eating my cake and having it too!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
jguru
#82 Posted : Monday, May 24, 2010 12:01:56 PM
Rank: Veteran

Joined: 10/25/2007
Posts: 1,574
23.25 at 1.55pm! 3.68 Million shares traded! What's (who's) stoking the fire at Equity? This train is now running on rocket fuel not coal. smile
Set out to correct the world's wrongs and you will most certainly wind up adding to them.
Surealligator
#83 Posted : Monday, May 24, 2010 12:09:14 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
mukiha wrote:
Surealligator wrote:

I thought you knew better than that. If you work with supply and demand ratio, you will note when Equity prices have hit a plateau and offload half of your holding.

Why half and not one-third?



@Mukiha

If you want to ensure you don't incur loses on your 100,000 shillings due to foreign exchange loses,you keep half of it in dollars (not 1/3) and the other half in shillings. If dollars appreciate, you are in it halfway. If shillings appreciate, the same happens. This only works with halves not thirds.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
mukiha
#84 Posted : Monday, May 24, 2010 12:49:40 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
What if you have JPY, EUR, and GBP in the mix; do you keep half of each in KES? If so, then you will end up being too KES heavy, won't you?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Surealligator
#85 Posted : Monday, May 24, 2010 1:26:50 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
mukiha wrote:
Yipee!!! Price now sh19 there guys asking for up to sh23.... remember, 10% rule will not apply today...

Happy; Happy; Happy

Time to take some profit here as well.... broker, uko wapi?


Did you offload 1/3 during the above moment? Am not trying to be privy to your investment but I hope you will assist me by exposing some fault lines with my peculiar investing habits so that I can improve on the same or get into some other simpler industry.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
Surealligator
#86 Posted : Monday, May 24, 2010 1:33:54 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
mukiha wrote:
What if you have JPY, EUR, and GBP in the mix; do you keep half of each in KES? If so, then you will end up being too KES heavy, won't you?


Now you must be a professor somewhere. You are very tough. I give up.

But for your last question, remember, if you have dollars and want to buy a car from Japan, you don't need to convert the dollars to Yen to pay for the same. Same case applies to Euros, pounds Peso, Lira, Yuan, dirham, and (What do you call the German currency?)Kwach?. So, unless you want to be funny, you don't need more than one foreign currency when hedging against foreign exchange.

Pole if I appear hash here but I never intended to be. I respect you very much as a veteran elder here. I still respect your opinions very much.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
mukiha
#87 Posted : Monday, May 24, 2010 1:41:03 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Surealligator wrote:
mukiha wrote:
Yipee!!! Price now sh19 there guys asking for up to sh23.... remember, 10% rule will not apply today...

Happy; Happy; Happy

Time to take some profit here as well.... broker, uko wapi?


Did you offload 1/3 during the above moment? Am not trying to be privy to your investment but I hope you will assist me by exposing some fault lines with my peculiar investing habits so that I can improve on the same or get into some other simpler industry.

At this point, I off-loaded 14% of my holding...at 19.05
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mukiha
#88 Posted : Monday, May 24, 2010 1:48:16 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Surealligator wrote:
....So, unless you want to be funny, you don't need more than one foreign currency when hedging against foreign exchange.

Foreign Currencies don't always move in the same direction [or at the same rate] against the shilling.

For that reason, you would be well advised to keep your FX in the currencies that you trade with most. Many Kenyans in the Imp/Ex business will keep USD and EUR accounts.

Still; my rationale for 1/3 was that I had already taken 14% earlier and I am still 45% in the green. Therefore 33% would round things off.

Eventually, I hope to recover the full investment in this stock and then close my eyes kabisa... iende juu, irudu chini; I won't have sleepless nights over it. At that point, I will probably keep it for two to three decades!!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Surealligator
#89 Posted : Monday, May 24, 2010 1:48:21 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
[/quote]
At this point, I off-loaded 14% of my holding...at 19.05[/quote]

What criteria did you use to decide on selling 14%. You are not under interrogation sir. Am only curios to know the secret.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
mukiha
#90 Posted : Monday, May 24, 2010 2:00:26 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I've just been taking out the average %profit in cash and leaving the rest...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
13 Pages«<7891011>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.