Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Whats happening to this share?Book closure is next week but no upward movement at all.. possunt quia posse videntur
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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3.67% gain on rich.co.ke. What are you looking at?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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thats today but moving down from highs of 12.45 or thereabout doesnt make a difference its like moving three steps backwards then one infront... possunt quia posse videntur
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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maka wrote:thats today but moving down from highs of 12.45 or thereabout doesnt make a difference its like moving three steps backwards then one infront... If you believe in the company stock up now. It may move very soon and as you very well know in this market stocks shoot up rather than climb up and if you do not already own them you miss out. THIS IS NOT A BUY RECOMMENDATION.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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ZERO ZERO prospects of improving last years profits Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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check at what is happening with HFCK and you will console yourself that you are in a better condition when it comes to price response to news. 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: Member Joined: 8/26/2010 Posts: 124
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I too have the same question. After averagin down to sh12 i sure expect better. With this sign,i wonder where we'll end up during post times. God b with us.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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X13united wrote:I too have the same question. After averagin down to sh12 i sure expect better. With this sign,i wonder where we'll end up during post times. God b with us. I have never understood this concept you guys call 'averaging down' If you think a counter you've invested in is in trouble or is taking a hit why not invest in another counter to counter the impact?
BBI will solve it :)
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote:
I have never understood this concept you guys call 'averaging down' If you think a counter you've invested in is in trouble or is taking a hit why not invest in another counter to counter the impact?
@2012 sometimes your stock may be falling for a non fundamental reason and thats your chance to get it at a bargain and bring the average buy price of the total holding down ready for it to appreciate again.. Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 5/8/2008 Posts: 77
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2012 wrote:X13united wrote:I too have the same question. After averagin down to sh12 i sure expect better. With this sign,i wonder where we'll end up during post times. God b with us. I have never understood this concept you guys call 'averaging down' If you think a counter you've invested in is in trouble or is taking a hit why not invest in another counter to counter the impact? Same here. It is a strange concept - more psychological to me. Any investment i make is a new one, based on prevailing information. I dont invest in a counter, because 'i bought it expensively before'. If the price drops, and i still think its a good investment, i buy it, not to average down my earlier purchase but because it is a good investment. I look at each purchase as a separate investment, made based on prevailing info
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Kaffir wrote:If the price drops, and i still think its a good investment, i buy it, not to average down my earlier purchase but because it is a good investment. I look at each purchase as a separate investment, made based on prevailing info @Kaffir the only problem with not considering new purchases as an average down is that when the stock begins to rise your profit calculation will be wrong and your loss calculation will also be wrong if it falls Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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guru267 wrote:@2012 sometimes your stock may be falling for a non fundamental reason and thats your chance to get it at a bargain and bring the average buy price of the total holding down ready for it to appreciate again..
But that is not averaging down, it's increasing your investment. Averaging down to me implies that you want to break even and get out also implies that you're speculating. I always increase my share of Kenya Re every time it goes down, I even got some yesterday @11.40/- and I wasn't averaging down. This averaging down is how guys end up buying Access @ 40/- then average @35/-, 30/-, 25/-, 20/-, then 
BBI will solve it :)
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote:
But that is not averaging down, it's increasing your investment. Averaging down to me implies that you want to break even and get out. I always increase my share of Kenya Re every time it goes down, I even got some yesterday @11.40/- but I wasn't averaging down.
@2012 you were averaging down when you were buying kenya re... if you buy kenya re with 10k shares with 100k that is an average buy price of 10bob If the share falls to 7 bob and you inject 100k more to get to get 14.2k shares.. Your total shares are now 24.2k shares with a total investment of 200k divide this and you get a new average buy price of 8.2 Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 5/8/2008 Posts: 77
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guru267 wrote:Kaffir wrote:If the price drops, and i still think its a good investment, i buy it, not to average down my earlier purchase but because it is a good investment. I look at each purchase as a separate investment, made based on prevailing info @Kaffir the only problem with not considering new purchases as an average down is that when the stock begins to rise your profit calculation will be wrong and your loss calculation will also be wrong if it falls My profit / loss calculations are based on trades, not stocks. I dont care what stock it is (whether it is in my portfolio or not), but each trade is treated separate based on prevailing info. Then, i dont need to think of 'averaging down' as an investment concept. I avoid getting married to a stock, or the emotions start to creep in.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@kaffir do u knw what ur name means???
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Rank: Member Joined: 11/21/2007 Posts: 152 Location: Nairobi
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Iam also hoping to average down at around 10 or so.
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Rank: Chief Joined: 1/3/2007 Posts: 18,212 Location: Nairobi
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the deal wrote:@kaffir do u knw what ur name means??? Depends... But both are derogatory... In SA, definitely derogatory... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Ilikeyou wrote:Iam also hoping to average down at around 10 or so. If you have an opportunity to get MSC at around 11 bob, you should consider adding a few. You might have to wait a little longer to get anything and 10 and below.
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