@lovely, if i'm to understand you, you buy a couple of a company's share in batches at different prices on different days then sell after settlement buying some more of the same on the same day of settlement and assume that you have sold the same batch? If i'm right i still see you making losses coz for one to make profits you first have to cover commissions which totals to more than 4.2%and thus one has to sell when the share is up by more than 5% which is still marginally low if you don't deal with volumes notwithstanding administrative costs. In our market only speculative shares (OCH, Neveready, Sameer, Sasini e.t.c) go up by more than 5% during times when there is no material info out there while the others only rally on material info.(Simply they correlate to the index movement based on market factors like inflation, political risk, international commodity prices e.t.c).
If i do my simple risk assessment and probability of a share like KCB or NIC gaining or losing more than 5% within a normal CDSC settlement period which is T+4, i find the whole process making no sense at all.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary