Well someone predicted Friday, and we up, . One lesson though: "am waiting for it at....." is a fallacy!Its Either you buy, hold or sell.
1. Am waiting for kobil at 90/-, Fallacy
2. Am waiting for Mumias at 11.50/- fallacy
3. Am waiting for Scom at 5/- fallacy
why not buy unga or total then rather than wait for a stock to fall? waiting for is speculation, you should be assessing what to buy, or sell or hold in the market as it is.
As much as falling prices give an opportunity to buy, rising prices of your selected stocks affirm the value you saw in the stocks. It can't always be yippeeee! when prices fall. However some cash at hand is necessary because you can't stop them falling.
Anyway good thing for me cause i didn't have chums. BTW not having chums to buy is not an investment sin in my books, especially if you bought for value, the sin is where you cannot wait for your stocks to appreciate. Someone bought KQ at 21, you buying at 50/- yesterday because you have spare cash does not make you smarter than the guy who put in his cash at 21/- and is now broke waiting for 5 years.
Ras Kienyeji Man