Wazua
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Scan Group
Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Wendz wrote:[quote=mwanahisa]The "Pied Paper". Now wasn't that some story? Interestingly, today foreigners were still buying - almost 90% of purchases and have left orders at a price of 65.50.
As you can see they are not chasing the stock anymore. They are letting the sellers come to them. Now, if only I knew why the heck they are buying at these levels which still look absurd to me! I think these are the guys that leave many holding weeping monkeys..... they hype the ka-share then dump like it's stinging..... and viola.... the wendzs, jamanis and wanahisas are left holding the damn thing for years..... Elder Wendz, read my post well i dont hold these monkeys, i said i was asked to buy i did not buy i invested elsewhere......
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Jamani. Wendz was just using a figure of speech. She was not impying that we bought into the hype. So don't worry. No one will be whipping us - as yet!
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@ shauriyako, You made good money. Don't worry to what happened thereafter. On a serious note I was trying to figure out what can justify the 74 price and these are the possibilities I came up with: 1) Scangroup merges with or acquires a company with earnings 2.5 times its size. 2) The said transaction is executed in cash, thereby implying no dillution to existing shares. 3) The second possibility is if earnings of scan grow by 2.5 times None of the possibilities sound realistic to me. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mwanahisa wrote:Jamani. Wendz was just using a figure of speech. She was not impying that we bought into the hype. So don't worry. No one will be whipping us - as yet! thanks for the clarification
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Jamani, aki TOBOA broker yako ni nani so that we avoid them like the plague! Labda it's the same broker who told a fellow wazuan to buy certain shares because ''hizi ndio zinashika sa hii!'' GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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youcan'tstopusnow wrote:Jamani, aki TOBOA broker yako ni nani so that we avoid them like the plague! Labda it's the same broker who told a fellow wazuan to buy certain shares because ''hizi ndio zinashika sa hii!'' For now i wont publicly broadcast him, i hope you understand.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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Jamani wrote:mwanahisa wrote:Jamani. Wendz was just using a figure of speech. She was not impying that we bought into the hype. So don't worry. No one will be whipping us - as yet! thanks for the clarification @Jamani.... Mwanahisa is right....and Mh, thanks for the clarification on my behalf.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Wendz wrote:I have learnt, the hard way, to keep away from greed(hyped shares)....... Got myself roasted.... and now i know better... I think this broker phase is a must for everyone trying to make a buck in stocks. Looking back now I can afford to laugh at myself too when I remember being convinced to buy Mumias @55/- before split. It was an invaluable lesson and I'd not have otherwise made as much money in the NSE.
BBI will solve it :)
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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2012 wrote:Wendz wrote:I have learnt, the hard way, to keep away from greed(hyped shares)....... Got myself roasted.... and now i know better... I think this broker phase is a must for everyone trying to make a buck in stocks. Looking back now I can afford to laugh at myself too when I remember being convinced to buy Mumias @55/- before split. It was an invaluable lesson and I'd not have otherwise made as much money in the NSE. Talking of brokers, has reliable been branded to old mutual any impact?
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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This was a classic pump and dump scenario. Question is, who was behind it? There were no sustainable profits to be made here.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Got out at 70 and hoped to jump back in at 50 hopefully in the early new year but is seems I might be in luck by end of the month.
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Rank: New-farer Joined: 8/6/2010 Posts: 26
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Wazuans, why is everyone scampering to the hills? Has Scangroup released any new information to warrant this massive decline today? It is doing an Eagads. Wooiye.........for those of us who bought at such ungodly prices.
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Rank: New-farer Joined: 11/11/2010 Posts: 65 Location: NRB
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Someone bought this kamonkey above 70?  
"The opportunity of a lifetime must be seized during the lifetime of the opportunity."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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kasheshe wrote:Wazuans, why is everyone scampering to the hills? Has Scangroup released any new information to warrant this massive decline today? It is doing an Eagads. Wooiye.........for those of us who bought at such ungodly prices. guru267 wrote:This is a clear bull run that can't be explained but i'm really worrying for the guys buying now.... @kasheshe I wrote that and a lot more when the stock started its run from 55 so if you bought at those high levels of 70 then you must fry like no other goat has been fried..Especially since I and almost every other wazuan told guys to keep off the stock Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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It is kasheshe who bought GG's shares at 70  It would be a wonder if he sold the shares back to GG at 50 GOD BLESS YOUR LIFE
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Rank: New-farer Joined: 11/11/2010 Posts: 65 Location: NRB
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When this stock was on steroids, greed was the driver, unfortunately fear took over. I have been taught by NSE that when you see the greed overspeeding an NSE vehicle, fear is soon going to take over and drive to the opposite direction so fast that only a few passagers will notice when it turns. The chance of being among the few is very thin. Avarage speeding vehicles are safer.
"The opportunity of a lifetime must be seized during the lifetime of the opportunity."
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Gordon Gekko wrote:Got out at 70 and hoped to jump back in at 50 hopefully in the early new year but is seems I might be in luck by end of the month. Tha prediction turning out right, but sooner. 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: Elder Joined: 2/10/2007 Posts: 1,587
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Sober wrote:Gordon Gekko wrote:Got out at 70 and hoped to jump back in at 50 hopefully in the early new year but is seems I might be in luck by end of the month. Tha prediction turning out right, but sooner. A good company, yes, it is, but not at 70 bob! This is a valuable lessons to some of us who want to thrive on momentum trading. Not easy. we will get scan in the 30s.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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mwanahisa wrote:Call me a hater if you will. I am thinking there will be an almighty crash soon. This price just doesn't make sense. I would take my money while it is still there. Anyone remember Cables at 110? Looks like such a long time ago! It took a while, but it appears like the crash finally happened. Yesterday's average price is more than 33% off its high price. Buying a share without proper fundamentals is often fraught with risk. For those who bought and managed to exit at a profit, Congrats to y'all, but I guess it felt like an inexpeienced trapeze artist doing a high wire act. LOL!
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