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simplicity
#1 Posted : Friday, October 08, 2010 3:00:23 AM
Rank: New-farer


Joined: 1/9/2010
Posts: 34
Location: US
I bought this stock at ksh.9 IPO in 2006 and held it faithfully for 3+ years. I finally let it go at ksh.11 because I thought my money would start to rot. The damn thing traded at Ksh. 74 jana and is going higher. Some people were not meant to ever be rich....Yikes!
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guru267
#2 Posted : Friday, October 08, 2010 3:53:54 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
simplicity wrote:
I bought this stock at ksh.9 IPO in 2006 and held it faithfully for 3+ years. I finally let it go at ksh.11 because I thought my money would start to rot. The damn thing traded at Ksh. 74 jana and is going higher. Some people were not meant to ever be rich....Yikes!

I must admit this is one of my biggest fears in investing being left wondering why you sold....

Thats one of the reasons i keep
Watching stocks that i sold...

Like i'm currently doing with kenya re, Mumias, and unga this year
Mark 12:29
Deuteronomy 4:16
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sparkly
#3 Posted : Friday, October 08, 2010 7:59:11 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@simplicity you made 20%. No need to regret lol
Life is short. Live passionately.
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sheep
#4 Posted : Friday, October 08, 2010 9:55:27 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
regrets dont solve anything...study your mistakes and learn from them.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Gordon Gekko
#5 Posted : Friday, October 08, 2010 10:50:39 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Reverse thrust has kicked in. Do we wait at 50?
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newfarer
#6 Posted : Friday, October 08, 2010 11:11:22 AM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
Monkey business , I said , Utaachwa na nyani yako
with no one to sell to .UZaaaaaaaaaaaaaa!!!!!!!

No fundamentals to support thegrossly overpriced share
punda amecheka
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Cardinal
#7 Posted : Friday, October 08, 2010 12:28:17 PM
Rank: Member


Joined: 5/12/2009
Posts: 266
Simply unbelievable,A colleaque of mine bought the share @ around 20 bob, while i was thinking of buying in to Mumias.

I regret but I have learnt
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the deal
#8 Posted : Friday, October 08, 2010 1:06:26 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
In Scan Group u buy the brain power not the PBV which is made up of Buildings...but the stock has seriously overheat at a PE of 38..u r paying 38 Ksh for every Ksh 1 those brains bring in...
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the deal
#9 Posted : Friday, October 08, 2010 1:08:06 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
In Scan Group u buy the brain power not the PBV which is made up of Buildings...but the stock has seriously overheat at a PE of 38..u r paying 38 Ksh for every Ksh 1 those brains bring in...
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nostoppingthis
#10 Posted : Friday, October 08, 2010 4:50:21 PM
Rank: Chief


Joined: 8/24/2009
Posts: 5,909
Location: Nairobi
Cardinal wrote:
Simply unbelievable,A colleaque of mine bought the share @ around 20 bob, while i was thinking of buying in to Mumias.

I regret but I have learnt


@Sheep/Cardinal...what have you learnt? that is what i try to get from wazua, but haven' managed. What would have informed you then that Scangroup was heading places?
Once i know how someone does that instead of gambling, then i think the stock market is a good place to be in
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Sober
#11 Posted : Friday, October 08, 2010 4:56:57 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
People always talk of fundamentals. They differ from counter to counter, and the earlier you learn the better. Monday will dictate a lot for this counter.
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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sparkly
#12 Posted : Saturday, October 09, 2010 8:49:38 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Cardinal wrote:
Simply unbelievable,A colleaque of mine bought the share @ around 20 bob, while i was thinking of buying in to Mumias.

I regret but I have learnt

@cardinal how do you regret what you didn't know and didn't do. Ama you had a crystal ball showing you that scan would rise to 76? This mkt has taught me that its best to buy under valued shares and wait for mr market to give you a good selling price.
Life is short. Live passionately.
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kyt
#13 Posted : Saturday, October 09, 2010 11:16:53 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
everybody learns and the guy has learnt, i believe him.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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