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NIC Bank - Another profitable Rights coming up!
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:Aguytrying wrote:you sell a share and the next trading day its up by almost 10%. inexplicable pain since I made my cash. I'm seeing 90's here. pure madness Happens in a bull market. Where rising prices lead to higher prices. George Soros calls it reflexity in "the alchemy of finance" Until it all comes crashing down! And the crashing feeds on itself leading to lower and lower prices. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:Aguytrying wrote:you sell a share and the next trading day its up by almost 10%. inexplicable pain since I made my cash. I'm seeing 90's here. pure madness Happens in a bull market. Where rising prices lead to higher prices. George Soros calls it reflexity in "the alchemy of finance" Until it all comes crashing down! And the crashing feeds on itself leading to lower and lower prices. Time to buy when it crashes & burns.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/7/2014 Posts: 155
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@theking, is that trade a buy or sell?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Supply has been outstripping demand at 80 bob In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 1/25/2010 Posts: 344
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kasibitta wrote:@theking, is that trade a buy or sell? don't know how to tell the difference.
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Rank: Member Joined: 2/7/2014 Posts: 155
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theking wrote:kasibitta wrote:@theking, is that trade a buy or sell? don't know how to tell the difference. @theking...asante. @VVS...i am going to put a purchase order of 72-73 and hopefully it goes through.or is there a possibility of it going further down?.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Time to sell and take my capital gains. To hell with the rights issue
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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kasibitta wrote:@theking, is that trade a buy or sell? Forgive my ignorance, but doesn't it depend on which side of the fence you are? For a buyer it is a buy, for a seller it is a sell.......
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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kasibitta wrote:theking wrote:kasibitta wrote:@theking, is that trade a buy or sell? don't know how to tell the difference. @theking...asante. @VVS...i am going to put a purchase order of 72-73 and hopefully it goes through.or is there a possibility of it going further down?. It was a general comment. I am NOT buying at current levels. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:VituVingiSana wrote:sparkly wrote:Aguytrying wrote:you sell a share and the next trading day its up by almost 10%. inexplicable pain since I made my cash. I'm seeing 90's here. pure madness Happens in a bull market. Where rising prices lead to higher prices. George Soros calls it reflexity in "the alchemy of finance" Until it all comes crashing down! And the crashing feeds on itself leading to lower and lower prices. looks like I alighted at almost the perfect time. despite my best knowledge. that ka pain is now gone. honestly when I put a sell order at 75.00 I didn't think it would go through so quickly and shoot above. I can see why people get drawn to banking stocks, but I fear them. don't buy high, they will crash hardest incase of a crash The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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http://www.businessdailyafrica.com/-/539552/2442076/-/c9pcn4/-/index.htmlThere are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Now with the extra 2B, will they still need to go for the shares' rights issue as earlier planned! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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NIC still needs the 2bn coz that is for CORE CAPITAL not Supplementary Capital. The latter has an interest obligation and has to be paid back unless renewed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/25/2010 Posts: 344
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Rank: Member Joined: 2/7/2014 Posts: 155
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NIC rallied from 69 to 80 too fast.then came back to the 70's and in my opinion, the gap that had been created has been sealed.Therefore from the price, it can only go up.Its rally is coming soon.
@vituvingisana...you are the guru of this counter...share.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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kasibitta wrote:NIC rallied from 69 to 80 too fast.then came back to the 70's and in my opinion, the gap that had been created has been sealed.Therefore from the price, it can only go up.Its rally is coming soon.
@vituvingisana...you are the guru of this counter...share. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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kasibitta wrote:NIC rallied from 69 to 80 too fast.then came back to the 70's and in my opinion, the gap that had been created has been sealed.Therefore from the price, it can only go up.Its rally is coming soon.
@vituvingisana...you are the guru of this counter...share. Too soon, too high, too fast. That said it seems cheaper than its counterparts. Anyway, its shareholding is concentrated so the Rights Issue will be successful. I expect the Rights Price at 45-ish. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/7/2014 Posts: 155
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VituVingiSana wrote:kasibitta wrote:NIC rallied from 69 to 80 too fast.then came back to the 70's and in my opinion, the gap that had been created has been sealed.Therefore from the price, it can only go up.Its rally is coming soon.
@vituvingisana...you are the guru of this counter...share. Too soon, too high, too fast. That said it seems cheaper than its counterparts. Anyway, its shareholding is concentrated so the Rights Issue will be successful. I expect the Rights Price at 45-ish. When is the rights issue happening.dates given?.....
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Rank: Member Joined: 1/25/2010 Posts: 344
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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Accordingly to the article, the rights should be priced at around 49-50/share... I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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NIC Bank - Another profitable Rights coming up!
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