wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

39 Pages«<1314151617>»
PLAYING THE MARKET-A NEW YEAR RESOLUTION
Options
Previous Topic · Next Topic
mukiha
#141 Posted : Wednesday, April 21, 2010 2:20:44 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@VVS:

Stocksmaster sold the MSC holding
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
young
#142 Posted : Wednesday, April 21, 2010 7:42:53 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria


#7 Posted : Wednesday, April 14, 2010 12:00:46 Joined: 6/20/2007
Posts: 114

For Speculation purposes it would have paid off for Stocksmaster to wait and exit from Mumias in a few months time at 16 plus bob;

It would have been good ride from 5 Plus to 16 plus bob.Personally I consider Mumias a junk stock
not witstanding her recent foray into power generation.
It went from 2 for 1 bonus at 16 bob to 3 bob in 2008 and it is gradually climbing back.

With apologies to KQ stock fans, I consider it junk, rising a few years and falling back. It is rising again. This is typical of airline stocks in any market.
One negative news can set the stock tumbling to its lows and it takes long to recover.


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Back to top
  | | Edit by user: Wednesday, April 21, 2010 7:46 PM | Reason: Not specified
Much Know
#143 Posted : Friday, May 14, 2010 8:09:28 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
Ungecheza na hio 100K imebaki with kina kenol, unga e.t.c, you have changed into a longterm shareholder through safcom (Feb to May!) rather than play the market
Ras Kienyeji Man
Back to top
  | | Edit by user: Friday, May 14, 2010 8:39 AM | Reason: Not specified
mukiha
#144 Posted : Monday, May 17, 2010 6:38:32 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Stocksmaster: are you still playing the market?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
youcan'tstopusnow
#145 Posted : Monday, May 17, 2010 10:09:29 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Since Stocksmaster has gone AWOL on us, I might as well take over this thread.
Last week I sold 100K worth of Equity Bank shares and tomorrow and I'm putting it into Unga Group.
GOD BLESS YOUR LIFE
Back to top
WWW
  |
sheep
#146 Posted : Tuesday, May 18, 2010 6:54:13 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
Another UNFULFILLED NEW YEAR RESOLUTION?
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
Back to top
  |
guru267
#147 Posted : Tuesday, May 18, 2010 9:44:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:

Last week I sold 100K worth of Equity Bank shares and tomorrow and I'm putting it into Unga Group.


@youcant.... i know this counter is poised for good things but dont you think 100k in the short term is a bit of a huge risk given that if the company does not announce a dividend or bonus which seems to be the norm of this company the stock might sell off since investors might be reluctant to hold it for a another year.
Mark 12:29
Deuteronomy 4:16
Back to top
  |
youcan'tstopusnow
#148 Posted : Tuesday, May 18, 2010 12:16:35 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Guru, I understand your concerns. But I'm putting my hopes on the company giving out either dividends this year or a bonus. I know I'm taking a HUGE risk. By if the price rises before the announcement, I'll definitely sell off some,just to be on the safe side.
Thanks.
GOD BLESS YOUR LIFE
Back to top
WWW
  |
ECHOKENYA
#149 Posted : Tuesday, May 18, 2010 1:21:55 PM
Rank: New-farer

Joined: 4/26/2010
Posts: 71
Location: Thika/Nairobi
All about stocks is buying and timing.
You have to give your shares time to grow and may be see when the returns are worth.
I did a research and found out that,everything has an advantage,no matter how negative it is.
The notorious rains are here,and yes the will do something to the agriculture sector,of course on a positive note.
This will translate agricultural-ralated stocks gaining,like mumias.
We should also be checking HFCK,they are now in Mombasa.
http://echoproperties.kbo.co.ke
Echo estate management Limited
Back to top
WWW BLOG
  |
mukiha
#150 Posted : Tuesday, May 25, 2010 8:55:04 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
stocksmaster wrote:
I have been away for about five weeks on my other passion which is trading in medicaments (am a Pharmacist). I usually take short breaks from shares trading to ensure that am not totally consumed by the adrenaline rush that characterises speculation.

I believe that as a speculator, it is important to periodically take your eyes from the ball (NSE). This affords one an opportunity to return to the market and view it with some degree of freshness. It buffers me from the dangerous habit of being too attached to the game (some at Wazua call it being married to shares).

A thin line exists between speculation and gambling. Too much focus/attachment to the market and a speculator easily becomes a gambler.

Now, back to my Portfolio:

CURRENT POSITION:

120,000 SAFCOM SHARES @ KSH 5.50 = KSH 660,000
Less 2% (Transaction cost on disposal)=KSH 13,200
Recoverable Value of Safcom shares = KSH 646,800

ADD Cash in Hand = KSH 122,430

Total Value of cash & shares = Ksh 769,230

From my initial investment of Ksh 527,850 ; I am still up about 46%.

I will be evaluating the market this weekend for a possible activity next week.

Although Safaricom has not appreciated in the six to seven weeks I have held it, am happy it has preserved my capital (We seem to forget that a share can swing in either direction).

Happy hunting.

Two months have passed since this post.

Lets know how you are doing...

By the look of things, SCOM has not bee impressive...but neither has MSC
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
  |
39 Pages«<1314151617>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.