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Kenya Airways...why ignore..
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sparkly
#13431 Posted : Wednesday, August 14, 2019 2:31:09 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
sparkly wrote:
guru267 wrote:
I've made so much money in 2019 trading KQ. My latest average buy price is 2.75 looking to exit at 3.50 in the next few months. I dont know who in their right mind would actually buy and hold this stock long term.



I can't touch even for short-term speculation for the following reasons:

1. My speculative portfolio of 5% is stuck in HAFR. Don't need another monkey.

2. Weak price trend. Stock likely collapse below KES 2.50 which will be the end of all hopes of recovery.


I think investors need to know when to take losses. How are you still holding HAFR? I remember taking my losses on that monkey some years ago but I have since recovered those losses and then some by trading a few winners.

The biggest lesson I've learned on the NSE is that long term investment is a losing strategy because 9 out of 10 Kenyan companies are simply unable to deliver consistent positive results or deliver shareholder value.


The difference between you and me is that you were averaging down the monkey at 8 bob while my ABP is 1 bob and I will not average down any further.

I wait for 3 bob to exit but even if HAFR is delisted, I don't consider my investment of 60k in the company material.
Life is short. Live passionately.
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obiero
#13432 Posted : Wednesday, August 14, 2019 7:30:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
sparkly wrote:
guru267 wrote:
sparkly wrote:
guru267 wrote:
I've made so much money in 2019 trading KQ. My latest average buy price is 2.75 looking to exit at 3.50 in the next few months. I dont know who in their right mind would actually buy and hold this stock long term.



I can't touch even for short-term speculation for the following reasons:

1. My speculative portfolio of 5% is stuck in HAFR. Don't need another monkey.

2. Weak price trend. Stock likely collapse below KES 2.50 which will be the end of all hopes of recovery.


I think investors need to know when to take losses. How are you still holding HAFR? I remember taking my losses on that monkey some years ago but I have since recovered those losses and then some by trading a few winners.

The biggest lesson I've learned on the NSE is that long term investment is a losing strategy because 9 out of 10 Kenyan companies are simply unable to deliver consistent positive results or deliver shareholder value.


The difference between you and me is that you were averaging down the monkey at 8 bob while my ABP is 1 bob and I will not average down any further.

I wait for 3 bob to exit but even if HAFR is delisted, I don't consider my investment of 60k in the company material.

Agreed. 60K is not an investment.. That sum isn’t enough to even purchase a boda boda

KQ ABP 4.26
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obiero
#13433 Posted : Wednesday, August 14, 2019 11:18:00 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi

KQ ABP 4.26
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sparkly
#13434 Posted : Thursday, August 15, 2019 7:29:55 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:


Borrow and buy KQ. Sounds like a good idea
Life is short. Live passionately.
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Spikes
#13435 Posted : Thursday, August 15, 2019 8:04:07 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
sparkly wrote:
guru267 wrote:
sparkly wrote:
guru267 wrote:
I've made so much money in 2019 trading KQ. My latest average buy price is 2.75 looking to exit at 3.50 in the next few months. I dont know who in their right mind would actually buy and hold this stock long term.



I can't touch even for short-term speculation for the following reasons:

1. My speculative portfolio of 5% is stuck in HAFR. Don't need another monkey.

2. Weak price trend. Stock likely collapse below KES 2.50 which will be the end of all hopes of recovery.


I think investors need to know when to take losses. How are you still holding HAFR? I remember taking my losses on that monkey some years ago but I have since recovered those losses and then some by trading a few winners.

The biggest lesson I've learned on the NSE is that long term investment is a losing strategy because 9 out of 10 Kenyan companies are simply unable to deliver consistent positive results or deliver shareholder value.


The difference between you and me is that you were averaging down the monkey at 8 bob while my ABP is 1 bob and I will not average down any further.

I wait for 3 bob to exit but even if HAFR is delisted, I don't consider my investment of 60k in the company material.

Agreed. 60K is not an investment.. That sum isn’t enough to even purchase a boda boda

Soon and very soon your KQ shares will crumble in value to KES 60,000...Will it remain an investment to you?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes
#13436 Posted : Thursday, August 15, 2019 8:10:45 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
sparkly wrote:
guru267 wrote:
I've made so much money in 2019 trading KQ. My latest average buy price is 2.75 looking to exit at 3.50 in the next few months. I dont know who in their right mind would actually buy and hold this stock long term.



I can't touch even for short-term speculation for the following reasons:

1. My speculative portfolio of 5% is stuck in HAFR. Don't need another monkey.

2. Weak price trend. Stock likely collapse below KES 2.50 which will be the end of all hopes of recovery.


I agree with you 100%...Weak price trend has been NSE experience. KQ to join MSC, HAFR, UCHUMI nakadhalika nakadhalika..
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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snifadog
#13437 Posted : Thursday, August 15, 2019 8:27:25 AM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
guru267 wrote:
I've made so much money in 2019 trading KQ. My latest average buy price is 2.75 looking to exit at 3.50 in the next few months. I dont know who in their right mind would actually buy and hold this stock long term.


the volumes on this counter (and many on NSE) are so miserable how does one make any money short term trading?
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muandiwambeu
#13438 Posted : Thursday, August 15, 2019 10:02:22 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ericsson wrote:
KQ closes today at 2.73 per share as per NSE website

Good reporting, as per nse website, the credibility of data on some of our sites is wanting.
,Behold, a sower went forth to sow;....
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freiks
#13439 Posted : Thursday, August 15, 2019 11:41:25 AM
Rank: Veteran

Joined: 6/8/2010
Posts: 1,734
The way guys are talking is as if other stocks are riding on steroids yet all stocks are bleeding profusely. Why should KQ act differently. When guys start having confidence in our market all stocks will soar including KQ and guys will make money
Life is an endless adventure
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obiero
#13440 Posted : Thursday, August 15, 2019 2:03:11 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
snifadog wrote:
guru267 wrote:
I've made so much money in 2019 trading KQ. My latest average buy price is 2.75 looking to exit at 3.50 in the next few months. I dont know who in their right mind would actually buy and hold this stock long term.


the volumes on this counter (and many on NSE) are so miserable how does one make any money short term trading?

It’s possible

KQ ABP 4.26
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