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zakayoo
#1 Posted : Sunday, July 06, 2014 8:40:30 PM
Rank: New-farer

Joined: 6/27/2014
Posts: 19
Location: kenya
Ibought cfc 3month ago at 141 bt are dissappointing currently ziko 129 ,iwant to sell to avoid huge loss which shares can u advice ibuy.after selling cfc
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georgegop
#2 Posted : Sunday, July 06, 2014 8:47:54 PM
Rank: Member

Joined: 8/30/2010
Posts: 183
Location: Migingo
My friend you will get a lot of headache and heartache if you aim to make quick kill at the NSE. Having been in this game for a while, i have realised that it requires a lot of patience, ingenuity and risk taking.
Depending on how much u invested in the CFC counter, i would advise that you be patient and wait. Just assume that you have thrown that amount money into the sea.
Don't Work for Money, Let Money Work for You..
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Boris Boyka
#3 Posted : Sunday, July 06, 2014 8:59:05 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
This will help you to learn and come up with your own strategy www.wazua.co.ke/forum.aspx?g=posts&m=189660

then this for immediate concern www.wazua.co.ke/forum.aspx?g=posts&t=28905

remember to set targets and diversify into several counters kupunguza stress (spreading risk ) @gur267 ni expert wa Hiyo.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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wanyina
#4 Posted : Sunday, July 06, 2014 9:06:05 PM
Rank: Member

Joined: 4/1/2008
Posts: 141
Why do you buy a very expensive stock like that?for how many can you afford with that price?Under what research did you do to come to the conclusion that you can by a share @141 is it splitting ?or what.My advice is do a research first of stock trading before you go bankrupt.Also how can you buy and sell right away with such a huge loss?At the moment you need to do a further research of how this business works..
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murchr
#5 Posted : Sunday, July 06, 2014 9:18:37 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
@zakayo...take that as a lesson. The rules of stock investing are buy low sell high. To know which prize is low/high etc you have to get the fundamentals right. Then add the environment changes in law, acquisitions etc
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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icecube
#6 Posted : Sunday, July 06, 2014 9:24:34 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
zakayoo wrote:
Ibought cfc 3month ago at 141 bt are dissappointing currently ziko 129 ,iwant to sell to avoid huge loss which shares can u advice ibuy.after selling cfc

@zakayoo, In stock trading, 3 months may be a very short time or long time. This depends on what your investment aims are and your risk appetite. The trick is to buy low and sell high. Please do a lot of research on a share/company before you buy. Do not be in a rush to sell when the price goes down. Keep reading this forum and you will learn a few tips and get some good advice. I hope this helps.
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whiteowl
#7 Posted : Sunday, July 06, 2014 9:58:22 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
zakayoo wrote:
Ibought cfc 3month ago at 141 bt are dissappointing currently ziko 129 ,iwant to sell to avoid huge loss which shares can u advice ibuy.after selling cfc


CFC rallied from mid last year from 60 bob to its current price so for it to go past that they have to keep posting those huge profits n you have to be more patient.In the long term its a good hold but chasing for a quick kill might leave you with losses even in the other stocks you intend to migrate to.
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mlennyma
#8 Posted : Sunday, July 06, 2014 10:24:31 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
For those of us who saw stocks at their bottom,its very disturbing to decide what to buy at current prices.
"Don't let the fear of losing be greater than the excitement of winning."
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target1360
#9 Posted : Sunday, July 06, 2014 10:39:05 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
unless you can read charts like @hisah i d advise buying and focussing on companies operations while ignoring stock prices.Buy and hold is best for those of us who cant read charts accuratly.
I find satisfaction in owning great business,not trading them
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mlennyma
#10 Posted : Sunday, July 06, 2014 10:46:54 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ignoring a stock price?
"Don't let the fear of losing be greater than the excitement of winning."
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