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Share prices to deep further in December
Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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All these guys against stop loss have burnt their fingers lol! Why are they so against it? A smart investor watches his/her portfolio bleed to death? I also jumped out earlier on n Im a happy man... TULIA.........UFUNZWE!
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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lovely2010 wrote:simonmaina71@gmail.com wrote:I bought uchumi shares two weeks ago at 8.50 and now they are at 7.55...since they are approaching my stop loss,am visitting my broker tomorrow to preserve my capital...and sell them at 7.60...in a seriously leaking boat,it is wiser to jump to another than to try and repair the leak. Dont even think of selling. Just hold your balls...what you can do is average down instead of selling at a loss... In the SK hey days, a discussion raged on the rationale of averaging down. The verdict? Its a dumb move. The conclusion was: at any one time, only buy the BEST counter. TULIA.........UFUNZWE!
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Rank: New-farer Joined: 10/6/2011 Posts: 84
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simonkabz wrote:lovely2010 wrote:simonmaina71@gmail.com wrote:I bought uchumi shares two weeks ago at 8.50 and now they are at 7.55...since they are approaching my stop loss,am visitting my broker tomorrow to preserve my capital...and sell them at 7.60...in a seriously leaking boat,it is wiser to jump to another than to try and repair the leak. Dont even think of selling. Just hold your balls...what you can do is average down instead of selling at a loss... In the SK hey days, a discussion raged on the rationale of averaging down. The verdict? Its a dumb move. The conclusion was: at any one time, only buy the BEST counter. i also woundt sell ...basically you are making your broker rich and wasting your money . You ONLY average down when a stock you bought hasnt changed fundamentally but price wise as gone down... you want to tell me i wount average down on kk at sub 7 ??? if you believe uchumi isnt worth more that 7 bob in the future just sell your lot..
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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simonmaina71@gmail.com wrote:I bought uchumi shares two weeks ago at 8.50 and now they are at 7.55...since they are approaching my stop loss,am visitting my broker tomorrow to preserve my capital...and sell them at 7.60...in a seriously leaking boat,it is wiser to jump to another than to try and repair the leak. Uchumi AGM is today how about you make a point to attend and listen to Ciano's vision then sell me your shares
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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There is nothing wrong with @Simon's strategy he is a trader not a buy and hold guys, traders do not average down they cut losses and move on, traders bought Uchumi at 10 bob and sold at 13.50 while investors are still holding on for 20 bob which will happen or may never happen since tommorrow is never guaranteed.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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hisah wrote:Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash... From this it looks like am a trading investor... "..I am because we are. "― Ubuntu, Umtu,
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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simonkabz wrote:lovely2010 wrote:simonmaina71@gmail.com wrote:I bought uchumi shares two weeks ago at 8.50 and now they are at 7.55...since they are approaching my stop loss,am visitting my broker tomorrow to preserve my capital...and sell them at 7.60...in a seriously leaking boat,it is wiser to jump to another than to try and repair the leak. Dont even think of selling. Just hold your balls...what you can do is average down instead of selling at a loss... In the SK hey days, a discussion raged on the rationale of averaging down. The verdict? Its a dumb move. The conclusion was: at any one time, only buy the BEST counter. averaging down is a fundamental based strategy. Averaging down a stock with weakening fundamentals is very dumb, rather accept your mistake, sell and look for a better one. If a good stock's price goes down, buy buy buy. Averaging down and trading do not appear on the same page. Life is short. Live passionately.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Life is interesting coz we can look at it differently and still be happy. Unless my goal is to have a controlling stake in a co. I don't believe in averaging down. Stop loss is the way to go. Sold KCB @19.50, COOP @13.90 and BBK @12.80 I think. Waiting for Dec to enter again! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@simon. stop loss is justifiable. But not in this market. The next stock you enter will most likely do the same. This is not a traders market. When the market changes from its current state, then yes. Right now when you do the stop loss, don't buy anything else. What share can you buy now, and expect it to rally? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Aguytrying wrote: What share can you buy now, and expect it to rally? KQ is rallying Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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sparkly wrote:Aguytrying wrote: What share can you buy now, and expect it to rally? KQ is rallying Rallying on fume volumes. Someone will get trapped. This share should have dropped further on the news that its sister company (PW) IPO was hugely undersubscribed
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@mwekej@ji, on the contrary it should rise on news of PW rights failure, because their holding will not reduce to 34% from 49% as expected following a fully subscribed issue.
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Rank: Member Joined: 1/29/2011 Posts: 257
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GGK wrote:hisah wrote:Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash... From this it looks like am a trading investor...   "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Impunity wrote:Time to cut my losses and move on or what?
“Success is not final, failure is not fatal: it is the courage to continue that counts.”
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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you are all traders, either long or short term traders....period!
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Stop loss at times works better than averaging down. I bought NIC at 44 and after the bonus shares never sold at 49. When the prices started falling i sold everything at 42 (no loss incurred) and managed to buy all my sold shares and 20% more at 34. Now the share is trading at 27 i shall be averaging everything down to 29 as i wait for the rally post 40. Does that make sense, apply the strategies that favour u at the various circumstances.. 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: New-farer Joined: 11/23/2011 Posts: 15
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Interesting.......http://www.standardmedia.co.ke/InsidePage.php?id=2000047352&cid=14&j=&m=&d= Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Sober wrote:Stop loss at times works better than averaging down. I bought NIC at 44 and after the bonus shares never sold at 49. When the prices started falling i sold everything at 42 (no loss incurred) and managed to buy all my sold shares and 20% more at 34.
Now the share is trading at 27 i shall be averaging everything down to 29 as i wait for the rally post 40. Does that make sense, apply the strategies that favour u at the various circumstances.. the issue is your costs. Brokerage to buy at 44 sell at 42 and buy at 34. Thats 6.3% already. You still need to sell to realise your profits, another 2.1%. What are the chances that you will equal or better the market with these costs? Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Gordon Gekko wrote:@mwekej@ji, on the contrary it should rise on news of PW rights failure, because their holding will not reduce to 34% from 49% as expected following a fully subscribed issue. @Gordon Gekko, there are a number of reason KQ was welcoming the dilution. Read post 31 in the following link http://www.wazua.co.ke/forum.aspx?g=posts&m=219192Also note that this was an IPO aiming to raise money for fleet modernisation and expansion. They now dont have the money and KQ is not a position to lend them. I don’t think KQ shareholders are happy to see their sister company in the current predicament
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