robertyawe, where are you?

Where is the eveready heading to???

Stop being silly... When you say 'blood on the streets' you mean for good firms not crappy ones like merali firms...

KK is one of my favorites... expect for onerous price caps/controls & nationalization... this is one I like to buy when the price drops!

There is no hope with this stock unless they get into another business.May as well be suspended

I have a story to tell about neveready. Once upon a time a lady called lovely was told the stock market was a good place to invest. Fortunately or unfortunately, it was the time of neveready ipo. Poor lovely was told by same friends she could start with neveready. With the ignorance not knowing a thing about the stock market, she ran to buy the shares. The advantage is she managed to get only 200 shares which at that time she was frustrated why she didnt get the quantity she wanted, of which she thanked God later when she realised it would have been a much greater loss. This lovely girl got her leave so she travelled to Mombasa for a holiday. Once she watched news and neveready was around Ksh.18 She picked her phone called the broker and was hoping to find a way to sell the shares. It was a pity coz it was the era of no online trading, no placing orders via phone, no orders via email. It was the time they had to see your face and ask you to produce ids etc. Poor girl by the time she came back to Nairobi, things were NEVEREADY...

is there a chance that someone connected to the nse can buy at 1.65 and sell at the closing price of 2.50 simulteneously? [/quote]

@ sparky
this is absolutely not possible all trades cleat T+4 so the guy who bought @ 1.65 can only sell his shares on Tuesday nxt week

Deadly!

@sparkly, ! @Jerry, you would be willing to buy a stock with uncertain future just coz the price is low?

@kadonye. Yes I would. In life you've to take a risk at some pt. However, I wouldn't keep the share for long. I sold my IPO shares at KES14.60. Is that almost 50%gain?

@sparkly. Some1 must have tried to bring the price down amid the confusion of the warning so as to buy more shares (cheaply) today. So the manipulator is the one selling, may be just 100 shares only.[/quote]




This is possible. He i have 1 million in my CDSC and the price of paka drops to 1.65 And i place am order to sweep all available shares. Pay i capture 600 000.
After a rise in price to 2.50 i sell the shares that i was holding for the same counter. This means that i made a profit without waiting for the clearance days and i still have my million in bash waiting for the next opportunity.