kenmac wrote:it must be scotish...
this talk of 6 bob and 3 bob nerve wrecking
Hiyo ni porojo! Kwani mumias ni samaki aliyeharibika? Look at the fundamentals. What has fundamentally changed in a couple of weeks to warrant such a huge drop?
As @Aguytrying is saying, this is the time for anyone [speculator] with balls of steel to make money. Let people drive the price down with their panic, and watch the volumes keenly. Once the supply starts drying out, dive in. In a couple of weeks the price heads north - somewhere in between the low and the original price. Again watch the volumes and exit.
Kenyans never learn. This scenario played itself a couple of times last year. A company announces a profit warning, the price falls by a huge percentage, guys come back to their senses and the price heads north - somewhere in between the unreasonable low and the original price. And in all madness speculators make their 30% in a couple of weeks.
For investors it's abviously a different ball game.
I'm not a speculator so I rarely participate in the madness. But if I have been eying a stock, the madness is a God send.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.