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Short term Stock pick
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WAGUMA
#1 Posted : Monday, July 04, 2011 9:22:33 AM
Rank: Member

Joined: 7/11/2008
Posts: 21
Hey wazuans,

I need some advice on a stock i can invest in for a short duration of time.I have 200k that ad like to invest for one month only so basically i want a good counter to speculate on.
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youcan'tstopusnow
#2 Posted : Monday, July 04, 2011 9:37:10 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Wacha kutupa pesa please. Ati 1 month? Mwenye pupa hadiriki kula tamu. Ungesema at least 1 year. Lets say your stock gains 5 percent in a month. Toa 4 p.c for commisions. Is 1 p.c worth it? Si afadhali t-bills? Of course your stock could jump by 10 percent, but it could also go down.
GOD BLESS YOUR LIFE
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FUNKY
#3 Posted : Monday, July 04, 2011 9:41:12 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
WAGUMA - you cannot take a risk of investing in stocks for one month. For you short term T bills are a good option,even the int rates on them have increased. Still if you want to invest in stocks you can take a risk with KenolKobil as it is on a upward trend now and they have already announced they are going to announce GOOD results on 27th July.
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Cde Monomotapa
#4 Posted : Monday, July 04, 2011 10:24:35 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
"This is not a fish market, right!!" buy KCB.
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FUNKY
#5 Posted : Monday, July 04, 2011 10:31:09 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
The price of KCB might not rise like KenolKobil in the short term. KCB is more of a long term buy.
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QW25071985
#6 Posted : Monday, July 04, 2011 10:33:14 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Buy A.k i.e access kenya . And keep until next year. And u will reap big. * 3 of ur capital.
I am currently in accumulation mode on the stock.
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Sufficiently Philanga....thropic
#7 Posted : Monday, July 04, 2011 10:44:58 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
QW25071985 wrote:
Buy A.k i.e access kenya . And keep until next year. And u will reap big. * 3 of ur capital.
I am currently in accumulation mode on the stock.

Just wondering whether u read the question!
@SufficientlyP
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WAGUMA
#8 Posted : Monday, July 04, 2011 10:52:22 AM
Rank: Member

Joined: 7/11/2008
Posts: 21
Thanx people.The money is for a different project which is to take effect in August so i has hoping to make a gain on it rather than just keeping the cash in my account.
And with the rising inflation,its better to make some gains on your free cash since if you leave it idle for a while its value will have diminished.right?
I have KCB,BBK,ACCESS & Centum all for long term purposes.
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QW25071985
#9 Posted : Monday, July 04, 2011 10:55:45 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Sufficiently Philanga....thropic wrote:
QW25071985 wrote:
Buy A.k i.e access kenya . And keep until next year. And u will reap big. * 3 of ur capital.
I am currently in accumulation mode on the stock.

Just wondering whether u read the question!


dnt tell me u think u cn make any gains in one month !! Came on man.u have been in the n.s.e for long to note that the minimum time period for holding a stock for meaningful gain is 9 months.
I like a.k at 7.00 or anything lower. And i anticipate the return of the bull to place it to its rightful place at the 20's. The limited supply of float make it a nice speculative play.
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mwanahisa
#10 Posted : Monday, July 04, 2011 10:58:21 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
WAGUMA wrote:
Hey wazuans,

I need some advice on a stock i can invest in for a short duration of time.I have 200k that ad like to invest for one month only so basically i want a good counter to speculate on.


I concur with the aforesaid comments. For a new entrant into the market it is easier to lose money than to make it and your one month duration may just not be enough.

But I guess you are not a newbie, since you have clearly stated that you want to speculate - meaning you are ready to lose money!

My advice - the Bank of Kigali would be worth a punt! It may be more than a month between entry and exit.
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