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Magnate
#151 Posted : Friday, October 24, 2014 8:36:13 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
obiero wrote:
people are discussing this bandia firm??


Laughing out loudly Laughing out loudly
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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shocks
#152 Posted : Saturday, October 25, 2014 1:04:49 AM
Rank: Member

Joined: 3/15/2009
Posts: 362
VituVingiSana wrote:
iMANI wrote:
This will be a pretty good case study.."How to manipulate Mr. Market"

Any MBA takers wanna try this..

Willing Buyer, Willing Seller. If you want to sell, sell. If you want to buy, buy.


What if you want to be the seller and buyer at the same time at a price tjhats 110% othe previous days?
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kiash
#153 Posted : Monday, November 03, 2014 7:51:22 PM
Rank: Veteran

Joined: 4/27/2010
Posts: 951
Location: Nyumbani
I wonder how this stock moves up with hundreds of shares trading. I tried once with Britam, there were several thousands shares on demand and at around 32 and zero offer. So i thought i can sell mine for 38 and on the price range they have from 32 to fifty something. So i thought 38 is on the range but when i tried doing so i got the message the price is not within the range. On checking KORCH, i saw the demand price was around 175 for around 500 shares and someone offered 180 for 300 shares. I thought when there are zero offers the price goes up in a certain range. I wonder how shares like BAT can rise with a 40ksh margin
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VituVingiSana
#154 Posted : Monday, November 03, 2014 8:23:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
shocks wrote:
VituVingiSana wrote:
iMANI wrote:
This will be a pretty good case study.."How to manipulate Mr. Market"

Any MBA takers wanna try this..

Willing Buyer, Willing Seller. If you want to sell, sell. If you want to buy, buy.


What if you want to be the seller and buyer at the same time at a price tjhats 110% othe previous days?
The ATS used by the NSE is based on first to market approach. There is a flaw vs the Cry Out system that allowed over-bidding and under-selling within the 10% limit. This limit could be over-ridden by the Floor Manager if he saw fit.

The ATS does not allow the same buyer to be a seller for the same trade. Of course, one could sell to an associated buyer [different CDSC Account] but if another buyer/seller comes in higher/lower than the 'best price' wins.

Bottomline: If you want to sell, no matter what, then offer at the LOWEST possible offer [10% lower than the prior session's VWAP]. If you are happy with the prior session's VWAP then offer them at VWAP. Do not be greedy. In the case of KORCH [based on I what I think I know] I would be very happy to take the current price! Alas, I have no shares in KORCH.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mucene
#155 Posted : Tuesday, November 04, 2014 10:34:01 AM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
kiash wrote:
I wonder how this stock moves up with hundreds of shares trading. I tried once with Britam, there were several thousands shares on demand and at around 32 and zero offer. So i thought i can sell mine for 38 and on the price range they have from 32 to fifty something. So i thought 38 is on the range but when i tried doing so i got the message the price is not within the range. On checking KORCH, i saw the demand price was around 175 for around 500 shares and someone offered 180 for 300 shares. I thought when there are zero offers the price goes up in a certain range. I wonder how shares like BAT can rise with a 40ksh margin


The margin is 10% of previous close. Assuming the 32/= for britam was also the previous close, then your 38/= is way over the 10% max margin (35/=). For BAT at 1000/=, the trade can be anywhere +/- 100/=. 40/= is only 4% gain.
It doesn't matter whether there are offers or not, its a general rule lifted only when there is a material announcement on the stock.
If you don't want to go to plan B have a good plan A.
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obiero
#156 Posted : Wednesday, November 05, 2014 8:35:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
VituVingiSana wrote:
shocks wrote:
VituVingiSana wrote:
iMANI wrote:
This will be a pretty good case study.."How to manipulate Mr. Market"

Any MBA takers wanna try this..

Willing Buyer, Willing Seller. If you want to sell, sell. If you want to buy, buy.


What if you want to be the seller and buyer at the same time at a price tjhats 110% othe previous days?
The ATS used by the NSE is based on first to market approach. There is a flaw vs the Cry Out system that allowed over-bidding and under-selling within the 10% limit. This limit could be over-ridden by the Floor Manager if he saw fit.

The ATS does not allow the same buyer to be a seller for the same trade. Of course, one could sell to an associated buyer [different CDSC Account] but if another buyer/seller comes in higher/lower than the 'best price' wins.

Bottomline: If you want to sell, no matter what, then offer at the LOWEST possible offer [10% lower than the prior session's VWAP]. If you are happy with the prior session's VWAP then offer them at VWAP. Do not be greedy. In the case of KORCH [based on I what I think I know] I would be very happy to take the current price! Alas, I have no shares in KORCH.

Hii nyani jo

KQ ABP 4.26
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Boris Boyka
#157 Posted : Thursday, November 06, 2014 12:40:06 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
obiero wrote:
VituVingiSana wrote:
shocks wrote:
VituVingiSana wrote:
iMANI wrote:
This will be a pretty good case study.."How to manipulate Mr. Market"

Any MBA takers wanna try this..

Willing Buyer, Willing Seller. If you want to sell, sell. If you want to buy, buy.


What if you want to be the seller and buyer at the same time at a price tjhats 110% othe previous days?
The ATS used by the NSE is based on first to market approach. There is a flaw vs the Cry Out system that allowed over-bidding and under-selling within the 10% limit. This limit could be over-ridden by the Floor Manager if he saw fit.

The ATS does not allow the same buyer to be a seller for the same trade. Of course, one could sell to an associated buyer [different CDSC Account] but if another buyer/seller comes in higher/lower than the 'best price' wins.

Bottomline: If you want to sell, no matter what, then offer at the LOWEST possible offer [10% lower than the prior session's VWAP]. If you are happy with the prior session's VWAP then offer them at VWAP. Do not be greedy. In the case of KORCH [based on I what I think I know] I would be very happy to take the current price! Alas, I have no shares in KORCH.

Hii nyani jo

True ni NYANI he jumps to top gainer today,tomorrow jumps down to top looser. as jumpy as the monkey! His/her fellow monkeys FTG,OC,HAFRK at top of tree (NSE ) leading the pack today.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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hisah
#158 Posted : Thursday, November 06, 2014 12:40:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Been sliding just like it was rising. 10% up so goes 10% on vapour volume... NSE indeed stinks.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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streetwise
#159 Posted : Thursday, November 06, 2014 12:52:41 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Have they issued a profit warning ?????
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meshaque
#160 Posted : Thursday, November 06, 2014 4:21:30 PM
Rank: Member

Joined: 6/17/2008
Posts: 36
Location: Nairobi
Wait for it @ 3 bob
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