@Stonemimi. You appear to be assuming that I invested Kshs 100,000. I actually put in a lot more and my profit on Safcom alone was in excess of 100K. However,that is really not the point,since even a gain of Kshs 5,000 is still money. Part of the reason for my choice of the stocks I have cited is the fact that I can buy and sell reasonably good volumes on any given day. Fortunately,for me due to my frequent activity and fairly good volumes,I am able to negotiate lower commissions (1% for the broker plus 0.34% fo the NSE,CDSC and other statutory levies). So even if a share goes up by 5%,I will still make at least 2%. The broker (together with NSE et al) makes 2.68% on both the buy and sell,but I do not begrudge him that. The 2% could be 2,000 or it could be Kshs 20,000. Either way,it is money that I did not have before the transaction.
You say you are still holding Safaricom at 3.80. What price did you buy them at? Do you know that Safricom closed today with shares on offer at a price of Kshs 3.70 with no takers? Tomorrow,who knows? Mumias traded at Kshs 6.15 at the close against the 6.80 it sold on Friday. I could easily buy it again tomorrow.
By the way,please note that we are not in a bull market,where the strategy of buy and hold works. The market is always fluctuating,especially in unsetted times like these. Of course sometimes I have to wait to get my target stock at a viable price,but I do not mind the waiting,if neccessary. And I can get in and out of a stock countless times while you keep holding it.
'When you do not know a thing,admit that you do not know it. This is knowledge' - Confucius