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What was your worst mistake in trading.
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aemathenge
#261 Posted : Friday, June 23, 2017 7:42:05 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Quote:
Regulator revokes licence of pioneer venture capital firm Acacia Fund


Were they pushed out or did they opt to get out?

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slykat
#262 Posted : Monday, June 26, 2017 9:34:12 PM
Rank: Member


Joined: 2/20/2007
Posts: 359
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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obiero
#263 Posted : Monday, June 26, 2017 10:12:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
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 ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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murchr
#264 Posted : Monday, June 26, 2017 10:27:43 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
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


Laughing out loudly Laughing out loudly Laughing out loudly
"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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obiero
#265 Posted : Monday, June 26, 2017 11:08:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
[quote=obiero]
Really regret HF

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Sober
#266 Posted : Tuesday, June 27, 2017 4:25:10 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
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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watesh
#267 Posted : Wednesday, June 28, 2017 3:41:17 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 992
Location: Kenya
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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obiero
#268 Posted : Wednesday, June 28, 2017 5:11:41 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
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 ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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sparkly
#269 Posted : Wednesday, June 28, 2017 9:57:49 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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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obiero
#270 Posted : Tuesday, October 17, 2017 7:05:39 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
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 ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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obiero
#271 Posted : Friday, April 20, 2018 11:53:41 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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VyaBureSiachi
#272 Posted : Friday, April 20, 2018 12:14:54 PM
Rank: New-farer


Joined: 2/27/2018
Posts: 58
Location: Cambrian Dc
Mumias and tranny. I bought tranny as the big fish were leaving thinking I had seen an opportunity of a lifetime and went to sleep.
On mumias I was trying to play the game I had played with uchumi. But I was caught in a downward trend that had no brakes.
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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obiero
#273 Posted : Friday, April 20, 2018 1:48:13 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
VyaBureSiachi wrote:
Mumias and tranny. I bought tranny as the big fish were leaving thinking I had seen an opportunity of a lifetime and went to sleep.
On mumias I was trying to play the game I had played with uchumi. But I was caught in a downward trend that had no brakes.

Pole sana and thank you for the boldness to post this as your first comment on wazua

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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obiero
#274 Posted : Friday, April 20, 2018 1:51:30 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
VyaBureSiachi wrote:
Mumias and tranny. I bought tranny as the big fish were leaving thinking I had seen an opportunity of a lifetime and went to sleep.
On mumias I was trying to play the game I had played with uchumi. But I was caught in a downward trend that had no brakes.

Pole sana and thank you for the boldness to post this as your first comment on wazua

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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winmak
#275 Posted : Friday, April 20, 2018 2:15:56 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
obiero wrote:
More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon

It will...
For investors as a whole, returns decrease as motion increases ~ WB
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obiero
#276 Posted : Friday, April 20, 2018 2:54:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
winmak wrote:
obiero wrote:
More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon

It will...

SHINDWE!

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Edwin Smith
#277 Posted : Friday, April 20, 2018 3:33:57 PM
Rank: Hello


Joined: 4/19/2018
Posts: 7
Location: Nairobi
Buying Mumias shares at 3bob, the downward trend started the following day.
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obiero
#278 Posted : Friday, April 20, 2018 3:35:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Edwin Smith wrote:
Buying Mumias shares at 3bob, the downward trend started the following day.

@EdwinSmith I hope you sold it since there is little chance of recovery in the near term. Pole

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Swenani
#279 Posted : Friday, April 20, 2018 4:41:40 PM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Edwin Smith wrote:
Buying Mumias shares at 3bob, the downward trend started the following day.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
If Obiero did it, Who Am I?
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Realtreaty
#280 Posted : Friday, April 20, 2018 5:34:50 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,359
Having Merali free on me. Looking for divorce one day.
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