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Gordon Gekko
#61 Posted : Monday, October 04, 2010 2:46:32 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
simonkabz wrote:
Stop


Hammertimesmile smile smile smile

Lonhro Motors. Bad decision, didn't know their business well when I bought, was absolutely shocked when they went under - never had an idea of what kind of s**t they were in until they closed doors. Ditto Kenya Finance Bank.
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hisah
#62 Posted : Monday, October 04, 2010 3:43:43 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
underweight wrote:
Wazuan kindly dont laugh at me...atleast nimefungua roho yangu!! Am sure there are those who have more to say but r just keeping to themselves...just to mention few are those that bought in to CABLES, Centum before the split n CFC Stanbic before the merger. I accept I burned my fingers (sic hands) on this...may be its coz am using blood money. LOL!! @ simonkabz nilijaza weight nawadays!


Pole boss. Just cut the losses. You can recover this on another counter(s).

I'm still stuck with Uchumi because I refused to cut my losses Sad Just like taking profits, you must also have a stop loss limit. Otherwise the market fries you up.

Anyone else who's stuck with the likes of uchumi, paka, hutchings, marshalls etc...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267
#63 Posted : Monday, October 04, 2010 6:37:51 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hisah wrote:
underweight wrote:
Wazuan kindly dont laugh at me...atleast nimefungua roho yangu!! Am sure there are those who have more to say but r just keeping to themselves...just to mention few are those that bought in to CABLES, Centum before the split n CFC Stanbic before the merger. I accept I burned my fingers (sic hands) on this...may be its coz am using blood money. LOL!! @ simonkabz nilijaza weight nawadays!


Pole boss. Just cut the losses. You can recover this on another counter(s).

I'm still stuck with Uchumi because I refused to cut my losses Sad Just like taking profits, you must also have a stop loss limit. Otherwise the market fries you up.

Anyone else who's stuck with the likes of uchumi, paka, hutchings, marshalls etc...

@hisah my stop loss is always 10% especially if the fall is caused by information....

Mark 12:29
Deuteronomy 4:16
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hisah
#64 Posted : Tuesday, October 05, 2010 1:27:26 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
guru267 wrote:

@hisah my stop loss is always 10% especially if the fall is caused by information....


Sometimes learning the hard way is the only way Sad

I'm surprised there's nobody confessing about being stuck in suspended shares. Am I that old?

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#65 Posted : Tuesday, October 05, 2010 2:09:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
@hisah - I have 250 Uchumi shares... LOL... I was lucky to have sold the rest!

Anyway, I bought the Rights at 10/- but had some bills/loans to pay! So I sold at 11.25 & saw the price jump to 12/- then 13/- then 15/- upto 20/-!!! In hindsight... I am happy I got out at 11.25
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#66 Posted : Tuesday, October 05, 2010 8:17:29 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
@hisah - I have 250 Uchumi shares... LOL... I was lucky to have sold the rest!

Anyway, I bought the Rights at 10/- but had some bills/loans to pay! So I sold at 11.25 & saw the price jump to 12/- then 13/- then 15/- upto 20/-!!! In hindsight... I am happy I got out at 11.25


5000 rights is what I'm stuck with. Grrr... But if it is relisted, despite the future looking rosy, I'll just selloff to clear my trading guilt smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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subaru
#67 Posted : Tuesday, October 05, 2010 8:45:37 AM
Rank: Member


Joined: 3/15/2010
Posts: 391
Location: nairobie
kenya re tried gettin out but price still went down but most agonising bought safcon @ 5.9 just b4 these tarrif wars
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AllenMass
#68 Posted : Wednesday, October 06, 2010 2:35:42 PM
Rank: New-farer


Joined: 6/16/2010
Posts: 3
Location: Los Angeles
Great discussion. If you could tell the future from a Balance Sheet then accountants and mathematicians would be the richest people in the world. I could be buying & selling stocks recommended here. www.coolpennystocks.com
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guru267
#69 Posted : Wednesday, October 06, 2010 2:43:15 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
subaru wrote:
kenya re tried gettin out but price still went down but most agonising bought safcon @ 5.9 just b4 these tarrif wars



@subaru what we need to learn is how to sell when the need be... you might have to wait for Kenya re's full year results to sell because they will greatly improve because last year H2 they had a 430million in surprise claims....
Mark 12:29
Deuteronomy 4:16
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shauriyako
#70 Posted : Wednesday, October 06, 2010 2:57:38 PM
Rank: New-farer


Joined: 6/17/2010
Posts: 71
Location: Kenya
Haya basi hata mimi nina Uchumi.
Bought 10K units at 16.50 it closed doors at 14.50 a month later. Looking at the growth in profits I think the counter looks good. I believe guys will sell off on relisting but I would increase my holding - cash allowing.
Assumption: The growth momentum will either be maintained or improve with the economy.
When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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guru267
#71 Posted : Wednesday, October 06, 2010 2:59:33 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
shauriyako wrote:
Haya basi hata mimi nina Uchumi.
Bought 10K units at 16.50 it closed doors at 14.50 a month later. Looking at the growth in profits I think the counter looks good. I believe guys will sell off on relisting but I would increase my holding - cash allowing.
Assumption: The growth momentum will either be maintained or improve with the economy.


Havent you guys been seriously diluted by this counter???
Mark 12:29
Deuteronomy 4:16
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kenyamoja
#72 Posted : Wednesday, October 06, 2010 5:55:14 PM
Rank: New-farer


Joined: 3/26/2010
Posts: 10
Location: chicago, il
shauriyako wrote:
Haya basi hata mimi nina Uchumi.
Bought 10K units at 16.50 it closed doors at 14.50 a month later. Looking at the growth in profits I think the counter looks good. I believe guys will sell off on relisting but I would increase my holding - cash allowing.
Assumption: The growth momentum will either be maintained or improve with the economy.


BTW is Uchumi relisting soon? I'll wait and see before any moves are made. I'm glad I missed it before it closed doors lakini I'm interested.
A MAN FOREWARNED IS A MAN FOREARMED
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