guru267 wrote:Uhondo wrote:I boarded this bus at 2.00 and I'm glad I've made some miniscule profit (about 1.20 per share at the current rate). However, at the back of my mind I'm thinking: How much longer can this be sustained really?
How did this become miniscule profit? Kwani you only bought 100 shares?
1.20 / 2.00 × 100% = 60% gain!!!
Miniscule??? I guess he bought 100 shares are as you are suggesting.
Hawa ni wale your BEST FRIEND @Obiero alikuwa anaambia (In anger because of KQ arguments) hata Equity ikifika 1,000/= hawawezi saidika because they have only 100 shares.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.