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book closure versus next day selling
Kingotore
#1 Posted : Tuesday, September 09, 2014 8:41:17 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
How can l time for book closure for divided and again manage to sell on the following day before counter bleed a lot. Eg safaricom
GOOD TO GREAT. KINGOTORE
Pesa Nane
#2 Posted : Tuesday, September 09, 2014 10:40:45 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Kingotore wrote:
How can l time for book closure for divided and again manage to sell on the following day before counter bleed a lot. Eg safaricom

Simply track the book closure dates and sell-off the day after. Some closure dates FYI:
BOC closes 12 September 2014 - DPS is 2.20
Nation closes 12 September 2014 - DPS is 2.50
Jubilee Holdings closes 19 September 2014 - DPS is 1.00
Umeme closes 1 December 2014
Pesa Nane plans to be shilingi when he grows up.
Realtreaty
#3 Posted : Wednesday, September 10, 2014 6:15:25 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Pesa Nane wrote:
Kingotore wrote:
How can l time for book closure for divided and again manage to sell on the following day before counter bleed a lot. Eg safaricom

Simply track the book closure dates and sell-off the day after. Some closure dates FYI:
BOC closes 12 September 2014 - DPS is 2.20
Nation closes 12 September 2014 - DPS is 2.50
Jubilee Holdings closes 19 September 2014 - DPS is 1.00
Umeme closes 1 December 2014

Its hard to sell as demand is low with a very high supply as everyone is selling to rake in the highest price/profit. Most of demand can be created by institutional buyers who want to buy large chunks if they well know the share/stock has a good future. They May wait for 2-3 weeks before buying and only buy at the lowest downward price.
Remember those who want to sell press the sell button while demand is low bringing down the price and your broker cannot sell at the price you asked him to sell at.
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