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maka
#1 Posted : Tuesday, October 26, 2010 11:01:23 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Whats happening to this share?Book closure is next week but no upward movement at all..
possunt quia posse videntur
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Gordon Gekko
#2 Posted : Tuesday, October 26, 2010 11:11:50 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
3.67% gain on rich.co.ke. What are you looking at?
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maka
#3 Posted : Tuesday, October 26, 2010 11:23:54 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
thats today but moving down from highs of 12.45 or thereabout doesnt make a difference its like moving three steps backwards then one infront...
possunt quia posse videntur
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The Merchant
#4 Posted : Tuesday, October 26, 2010 11:30:34 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
maka wrote:
thats today but moving down from highs of 12.45 or thereabout doesnt make a difference its like moving three steps backwards then one infront...

If you believe in the company stock up now. It may move very soon and as you very well know in this market stocks shoot up rather than climb up and if you do not already own them you miss out. THIS IS NOT A BUY RECOMMENDATION.
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guru267
#5 Posted : Tuesday, October 26, 2010 4:04:29 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
ZERO ZERO prospects of improving last years profits
Mark 12:29
Deuteronomy 4:16
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Sober
#6 Posted : Tuesday, October 26, 2010 4:13:32 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
check at what is happening with HFCK and you will console yourself that you are in a better condition when it comes to price response to news.
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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X13united
#7 Posted : Tuesday, October 26, 2010 5:21:37 PM
Rank: Member

Joined: 8/26/2010
Posts: 124
I too have the same question. After averagin down to sh12 i sure expect better. With this sign,i wonder where we'll end up during post times. God b with us.
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2012
#8 Posted : Tuesday, October 26, 2010 5:56:44 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
X13united wrote:
I too have the same question. After averagin down to sh12 i sure expect better. With this sign,i wonder where we'll end up during post times. God b with us.


I have never understood this concept you guys call 'averaging down' If you think a counter you've invested in is in trouble or is taking a hit why not invest in another counter to counter the impact?

BBI will solve it :)
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guru267
#9 Posted : Tuesday, October 26, 2010 6:09:11 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:

I have never understood this concept you guys call 'averaging down' If you think a counter you've invested in is in trouble or is taking a hit why not invest in another counter to counter the impact?


@2012 sometimes your stock may be falling for a non fundamental reason and thats your chance to get it at a bargain and bring the average buy price of the total holding down ready for it to appreciate again..
Mark 12:29
Deuteronomy 4:16
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Kaffir
#10 Posted : Tuesday, October 26, 2010 6:33:14 PM
Rank: Member

Joined: 5/8/2008
Posts: 77
2012 wrote:
X13united wrote:
I too have the same question. After averagin down to sh12 i sure expect better. With this sign,i wonder where we'll end up during post times. God b with us.


I have never understood this concept you guys call 'averaging down' If you think a counter you've invested in is in trouble or is taking a hit why not invest in another counter to counter the impact?


Same here. It is a strange concept - more psychological to me. Any investment i make is a new one, based on prevailing information. I dont invest in a counter, because 'i bought it expensively before'. If the price drops, and i still think its a good investment, i buy it, not to average down my earlier purchase but because it is a good investment. I look at each purchase as a separate investment, made based on prevailing info
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