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My Watch List - Buys in Q4 2019
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Balaa
#101 Posted : Wednesday, November 27, 2019 10:58:05 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!
If it don't make dollars, it don't make sense
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  | | Edit by user: Wednesday, November 27, 2019 11:12 PM | Reason: Not specified
sparkly
#102 Posted : Thursday, November 28, 2019 7:33:14 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Balaa wrote:
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!


@Balaa you are the one in the woods on this one. Shorting in the case of NSE involves standardized contracts to sell/buy underlying stocks at specific prices in future. The lending (margin) is provided by brokers.
Life is short. Live passionately.
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Balaa
#103 Posted : Thursday, November 28, 2019 8:45:29 AM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
sparkly wrote:
Balaa wrote:
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!


@Balaa you are the one in the woods on this one. Shorting in the case of NSE involves standardized contracts to sell/buy underlying stocks at specific prices in future. The lending (margin) is provided by brokers.


Thanks for the titbit @Sparkly. Glad to keep on learning even at my agesmile I'll stick though to my longerm investing strategy.
Now with these kinda news what's your take Sir on BAT? https://www.tobaccofreek...ritish-american-tobacco
Am heavily invested in the firm and have been averaging down, currently @548 in terms of ABP.
If it don't make dollars, it don't make sense
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  | | Edit by user: Thursday, November 28, 2019 9:04 AM | Reason: Not specified
VituVingiSana
#104 Posted : Thursday, November 28, 2019 9:20:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
Balaa wrote:
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!


@Balaa you are the one in the woods on this one. Shorting in the case of NSE involves standardized contracts to sell/buy underlying stocks at specific prices in future. The lending (margin) is provided by brokers.

This is not a true short.
If I sell BAT short then there is no fixed timeframe.
The "lender" may demand his shares back but that's a different story. Usually, there is no obligation to return the shares to the lender until the short is covered.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Angelica _ann
#105 Posted : Thursday, November 28, 2019 9:23:06 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Balaa wrote:
sparkly wrote:
Balaa wrote:
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!


@Balaa you are the one in the woods on this one. Shorting in the case of NSE involves standardized contracts to sell/buy underlying stocks at specific prices in future. The lending (margin) is provided by brokers.


Thanks for the titbit @Sparkly. Glad to keep on learning even at my agesmile I'll stick though to my longerm investing strategy.
Now with these kinda news what's your take Sir on BAT? https://www.tobaccofreek...ritish-american-tobacco
Am heavily invested in the firm and have been averaging down, currently @548 in terms of ABP.


One of my best shares courtesy of one @CNN around 2008 or thereabout.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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  | | Edit by user: Thursday, November 28, 2019 9:48 AM | Reason: Not specified
sparkly
#106 Posted : Thursday, November 28, 2019 10:33:17 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Balaa wrote:
sparkly wrote:
Balaa wrote:
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!


@Balaa you are the one in the woods on this one. Shorting in the case of NSE involves standardized contracts to sell/buy underlying stocks at specific prices in future. The lending (margin) is provided by brokers.


Thanks for the titbit @Sparkly. Glad to keep on learning even at my agesmile I'll stick though to my longerm investing strategy.

"Going Short" and "Going Long" are technical terms which are not necessarily connected to investment period. Going short means you sell an expensive stock believing price will fall. Going long means you buy a cheap share believing price will rise.


Now with these kinda news what's your take Sir on BAT? https://www.tobaccofreek...ritish-american-tobacco
Am heavily invested in the firm and have been averaging down, currently @548 in terms of ABP.


Biggest threat to tobacco industry is government regulation and taxation. However cigarette smoking is addictive and so long as it remains legal, people will smoke and BAT will make money. The new regulations, just like the Ngilu Regulations will depress the share price and provide a buying opportunity.

Life is short. Live passionately.
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Angelica _ann
#107 Posted : Thursday, November 28, 2019 11:18:48 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
sparkly wrote:
Balaa wrote:
sparkly wrote:
Balaa wrote:
My understanding of short selling is that it involves borrowing a stock, selling the same, and then buying it back at a lower unit price to return it to the owner. Hence, shorting ought to be first enabled by the NSE before players can play. It is really not the brokers' call in the current scheme of things. Forget pedestrian journalists or brokers who are forever peddling unfounded info. Some broker guys crave to sound educated when making presentations at investors' forums. I recently asked one such young lady (the so called reseachers/ financial analysts) who kept bandying buzzwords in her presentation to lend me her Jubilee shares so that I can short'em and she went blank.d'oh!


@Balaa you are the one in the woods on this one. Shorting in the case of NSE involves standardized contracts to sell/buy underlying stocks at specific prices in future. The lending (margin) is provided by brokers.


Thanks for the titbit @Sparkly. Glad to keep on learning even at my agesmile I'll stick though to my longerm investing strategy.

"Going Short" and "Going Long" are technical terms which are not necessarily connected to investment period. Going short means you sell an expensive stock believing price will fall. Going long means you buy a cheap share believing price will rise.


Now with these kinda news what's your take Sir on BAT? https://www.tobaccofreek...ritish-american-tobacco
Am heavily invested in the firm and have been averaging down, currently @548 in terms of ABP.


Biggest threat to tobacco industry is government regulation and taxation. However cigarette smoking is addictive and so long as it remains legal, people will smoke and BAT will make money. The new regulations, just like the Ngilu Regulations will depress the share price and provide a buying opportunity.



Of course after 2 years, you know what will happen to enforcement. BAT is one of the corporate giants in Kenya. My fear is that they will one day wake up and chase us (buy us out) anytime they feel like - Uniliver style.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Receptor
#108 Posted : Thursday, November 28, 2019 3:54:18 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
I am watching Sanlam keenly. It has touched a low 0f 16.25 today
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Fyatu
#109 Posted : Friday, November 29, 2019 10:47:34 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Receptor wrote:
I am watching Sanlam keenly. It has touched a low 0f 16.25 today



...............following.
Dumb money becomes dumb only when it listens to smart money
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sparkly
#110 Posted : Friday, November 29, 2019 2:29:18 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Fyatu wrote:
Receptor wrote:
I am watching Sanlam keenly. It has touched a low 0f 16.25 today



...............following.


Following another penny stock? Sad Sad
Life is short. Live passionately.
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