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What was your worst mistake in trading.
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:Regulator revokes licence of pioneer venture capital firm Acacia Fund Were they pushed out or did they opt to get out? Full Article Link:
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Rank: Member Joined: 2/20/2007 Posts: 359
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My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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[quote=obiero]  Really regret HF
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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iris wrote:Agreed. I remember puzzling over empty Uchumi shelves after a rights issue; then the truth emerged. Uchumi raised cash through rights and instead of stocking up the stores, they paid suppliers whose wares were already sold and proceeds missappropriated. zero sum arithmetic. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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watesh wrote:obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:watesh wrote:obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers Stocks that I invested in but had to cut my losses; 1. Everready 2. EA Cables 3. Olympia 4. Access Kenya 5. KQ 6. Uchumi Thankfully none of the holdings was substantial so the losses were more than offset by gains from sound companies like EABL, KCB, BAT, NMG, Centum, Kakuzi, Safaricom and Kengen. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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sparkly wrote:obiero wrote:watesh wrote:obiero wrote:slykat wrote:My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed. True.. That share is not even a monkey.. More like a skunk Right on bro Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers Stocks that I invested in but had to cut my losses; 1. Everready 2. EA Cables 3. Olympia 4. Access Kenya 5. KQ 6. Uchumi Thankfully none of the holdings was substantial so the losses were more than offset by gains from sound companies like EABL, KCB, BAT, NMG, Centum, Kakuzi, Safaricom and Kengen. I also once traded CABL, luckily I made a return on it.. My worst recent choice was getting back to HF while I was told by insiders that there was rot in the books. I underestimated the smell of the skunk till it was too late
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: New-farer Joined: 2/27/2018 Posts: 56 Location: Cambrian Dc
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Mumias and tranny. I bought tranny as the big fish were leaving thinking I had seen an opportunity of a lifetime and went to sleep. On mumias I was trying to play the game I had played with uchumi. But I was caught in a downward trend that had no brakes. If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VyaBureSiachi wrote:Mumias and tranny. I bought tranny as the big fish were leaving thinking I had seen an opportunity of a lifetime and went to sleep.
On mumias I was trying to play the game I had played with uchumi. But I was caught in a downward trend that had no brakes. Pole sana and thank you for the boldness to post this as your first comment on wazua
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VyaBureSiachi wrote:Mumias and tranny. I bought tranny as the big fish were leaving thinking I had seen an opportunity of a lifetime and went to sleep.
On mumias I was trying to play the game I had played with uchumi. But I was caught in a downward trend that had no brakes. Pole sana and thank you for the boldness to post this as your first comment on wazua
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 12/1/2007 Posts: 537 Location: Nakuru
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obiero wrote:More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon It will... For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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winmak wrote:obiero wrote:More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon It will... SHINDWE!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Hello Joined: 4/19/2018 Posts: 7 Location: Nairobi
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Buying Mumias shares at 3bob, the downward trend started the following day.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Edwin Smith wrote:Buying Mumias shares at 3bob, the downward trend started the following day. @EdwinSmith I hope you sold it since there is little chance of recovery in the near term. Pole
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Having Merali free on me. Looking for divorce one day.
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What was your worst mistake in trading.
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