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What was your worst mistake in trading.
Hezz
#11 Posted : Monday, July 07, 2008 7:26:00 AM
Rank: Member

Joined: 6/19/2007
Posts: 27
Mine are many but let me choose the worst. Bought BBK post split at 83 after being advised by my idiot broker that it will go back up to 300/-! Idiot broker! Same idiot broker advised me to lenga AK ipo ati bcoz ICT industry in Kenya has no potential. Ok. But my worst has got to be buying ICDC at 43.25 post split! No idiot broker this time. Just idiot me!


Growing older is mandatory. Growing up is optional.
MAREXX
#12 Posted : Monday, July 07, 2008 7:37:00 AM
Rank: Member

Joined: 4/13/2008
Posts: 24
bought 500 bbk @ 81 in jan 2007.......ma money still languishing there.

pumped 350k into safcom....80k of it was a loan......got allocated less than 14k shares...the price has refused to go up

but ayway....av got a reason to smile from my EB......can give me half 300k if i disposed now.........


JESUS DOES NOT INVEST,HE SAVES.FOLLOW CHRIST!
wanyuru
#13 Posted : Monday, July 07, 2008 7:45:00 AM
Rank: Veteran

Joined: 11/29/2007
Posts: 948
Bought 1000 of OCH @ 30.50,1000KQ @ 80 and 1000 ICDC at 41.00




Yes am a slow walker,but i never walk backwards.(anonymous)
TD
#14 Posted : Monday, July 07, 2008 10:19:00 AM
Rank: Member

Joined: 11/27/2006
Posts: 57
Bought 500 KQ @ 114,currently at &lt;50 bob :(((
Bought 5000 mumias shares during the IPO,never recovered.
ecstacy
#15 Posted : Monday, July 07, 2008 10:24:00 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
Bought a chunk of Equity well before pre-bonus but alighted post-bonus at Ksh. 93/= to speculate elsewhere and return shortly,but alas the thing just rocketed to Ksh. 120/= days later.Ouch. Delaying my already written & 'discounted' sell order for Uchumi by 2 days 'due to a busy schedule' comes a close second! It collapsed on the third.

you snooze you lose,you lose you booze
mukiha
#16 Posted : Monday, July 07, 2008 10:52:00 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@jammo.. let's hear yours
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Mtu Biz
#17 Posted : Monday, July 07, 2008 10:52:00 AM
Rank: Veteran

Joined: 1/16/2007
Posts: 1,320

Bought ICDC post split @40/- bailed at 27/-,The worst part is i took my losses to them LAZY INCOMPETENT FUND MANAGERS and got a unit at 5.50 1 year later bailed at 4.25 Sad

..... the sons of Zeruiah .....
Sola Scriptura


miser
#18 Posted : Monday, July 07, 2008 11:20:00 AM
Rank: Member

Joined: 7/7/2008
Posts: 124
Bought 500 BBK units at 585 pre-split and bonus(approx. 90 bob each postsplit) and plummetted to 55 bob!Still holding on them-3200 of them!Bought 10,000 Sameer at 15 bob,rose to 40 bob,held hoping it will go highier after the decration of dividends.Co. declared loss and it plummetted to 9 bob!Still holding on them!Bought Centum before split at approx. 35 bob.Plummetted to 25 bob after split.Still holding tight-2000 of them!THE LESSON,USE MONEY U CAN AFFORD TO LOSE,NEVER SELL AT A LOSS,NEVER BUY BEFORE SPLIT AND BE WARY OF NMG AND EB at the current prices!
Hi-Lo
#19 Posted : Monday, July 07, 2008 12:54:00 PM
Rank: Member

Joined: 10/5/2007
Posts: 91
Bought a large chunk of Cables in mid 2004 at 32 (say 3.20 post split) just after change of ownership; and I knew what I was doing. 3 mths down the line the price rose to 65 and I exited with a genuine smile. BIG MISTAKE - 1 year later the new onwners announced split and post-split price rose to a high of 110 before settling at the current 40 - Damn!! Today I would sitting on about Ksh 1m on this counter alone,but I'v nil zero zip...




In a situation like this,what would one do?
akowally
#20 Posted : Tuesday, July 08, 2008 3:21:00 PM
Rank: Veteran

Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
I guess we can't really trust these brokers. Like they say stockmarket is an unpredictable market. I bought Mumias in March at 13 and was told by my broker that it would make me some good short term cash. I am still looking at the game it plays around the 12-13 mark but never better. Anyway I think the SK is a much better adviser on shares than relying on an agent or a broker and also as much as you get advise from whoever it is always better to do your own research before making any move

popolo
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