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Biggest loser (own experience)

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MoneyMonger		#51 Posted : Wednesday, June 19, 2013 10:02:24 AM
Rank: Member Joined: 4/25/2012 Posts: 110		kazee wrote: mwekez@ji wrote: kazee wrote: My worst ever was buying 600,000 safcom shares at 5 bob back in the days before and after listing then it went sub 3. Sold them at below 3 and wrote off a net loss of just above a mita, accepted and moved on Classic buy high sell low case. hope you got the lesson. pole I know! Learnt my lesson but at the time I weighed between how long it would take for me to recover and opportunities in real estate developments that I had and opted for the latter. Time value of money. But what a loss Sorry for the loss. But the key thing is in bold. I haven't been in the market for long and I started off trading with the BRITAM IPO which proved to be monkey business, averaged down at some point @6 pershare - which really saved me. Since I started with little cash I was patient to wait and sold at a small profit when it crossed the IPO price(loss really if you bring in opportunity cost). There is nothing as dangerous as an Idea, when there is only one Idea
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Siringi		#52 Posted : Saturday, June 29, 2013 7:05:59 AM
Rank: Elder Joined: 6/8/2013 Posts: 2,517		murchr wrote: Pesa Nane wrote: Caramba wrote: Gordon Gekko wrote: I guess it's a loss only when one sells. Holding large chunks of KQ bought at 46 and Mumias at 14. But if you count opportunities lost as a loss, my worst is offloading EABL at 53, a stock that has since done a 1:5 split and the current price is in the strastophere. I'm sailing in the same boat. Bought sukari at 14.00, it now tastes bitter than Malariaquinne. @Caramba and @Gordon Gekko relax. You don't know what it means to be 'shaved'. If memory serves me right, I remember being conned Ksh. 49 for that mumias thingy. I remain bald to date A buddy of mine told me he got his at 49/- too, i've always thot he lies about it...Kumbe. Pole sana @murchr @caramba@Gordon Gekko no no no hapana Mumias split I think 1:5 after hitting 49. So it is not the worst performer. I stand corrected theKing of the Monkeys are KQ and CFC . . . Kuna kupigwa na kuchifichio "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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hisah		#53 Posted : Saturday, June 29, 2013 7:58:59 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		@siringi - MSC had a secondary offer @49.50 back in 2007. The split was done much later. @pesa nane is talking about this OFS that indeed was a conned job as gok dumped more shares during the IPO euphoria season back in 2006. http://allafrica.com/stories/200612040871.html $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#54 Posted : Saturday, June 29, 2013 9:15:00 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		Mumias split was 3:1 after the Offer For Sale in 2007 Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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The optimist		#55 Posted : Saturday, June 29, 2013 1:41:06 PM
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi		symbols wrote: Mukiri wrote: symbols wrote: 850k at age 21.Tough lesson,but it beats a MBA anytime! How now? Was young.Got lucky and confident and in a flash I learnt the rules of Nairobbery.Pap! Lost some in deci,some in K-Re listening to brokers,but the majority vanished with conmen as I tried to enter the matatu industry. Talk of serious Seasoning Adept Tranport Services
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maka		#56 Posted : Saturday, June 29, 2013 2:07:02 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Ilikeyou wrote: mlefu wrote: Bought paka at thirty I don`t know what !@#!$$%... My wazua log-in only support Club SK @elder Mlefu, Paka has NEVER traded at that price. I actually still have my statements where I sold paka at 28... Mine is Britak at IPO price though i cancelled it out with buying more at 5.30 selling at 8... Mumias mumias mumias....bought @8...sigh And Total...@23... @symbols cant beat an MBA from the ICMA possunt quia posse videntur
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symbols		#57 Posted : Saturday, June 29, 2013 3:25:03 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		The optimist wrote: symbols wrote: Mukiri wrote: symbols wrote: 850k at age 21.Tough lesson,but it beats a MBA anytime! How now? Was young.Got lucky and confident and in a flash I learnt the rules of Nairobbery.Pap! Lost some in deci,some in K-Re listening to brokers,but the majority vanished with conmen as I tried to enter the matatu industry. Talk of serious Seasoning
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symbols		#58 Posted : Saturday, June 29, 2013 3:27:41 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		maka wrote: Ilikeyou wrote: mlefu wrote: Bought paka at thirty I don`t know what !@#!$$%... My wazua log-in only support Club SK @elder Mlefu, Paka has NEVER traded at that price. I actually still have my statements where I sold paka at 28... Mine is Britak at IPO price though i cancelled it out with buying more at 5.30 selling at 8... Mumias mumias mumias....bought @8...sigh And Total...@23... @symbols cant beat an MBA from the ICMA If it's working for you then I can't argue with that.In or out of class,if you're learning that's all that really matters.
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