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Centum free fall??
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All@din
#1 Posted : Wednesday, September 24, 2014 4:25:00 PM
Rank: Hello

Joined: 9/24/2014
Posts: 8
I bought Centum Shares t 58/= a few weeks back. Has been looking all rosy till today. any insights on this???
Sargasm : When the urge to make a sarcastic reply is so overwhelming you can only roll your eyes and grunt incoherently
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Ericsson
#2 Posted : Wednesday, September 24, 2014 4:27:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
It will even fall lower than the 58 you bought.
Shindwe kabisa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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a_abbass
#3 Posted : Wednesday, September 24, 2014 4:32:08 PM
Rank: New-farer

Joined: 9/13/2014
Posts: 10
Location: Kenya
Just a correction, should settle between 60-70 in a few days as the market prices in its new acquisitions.

Guys who sold at 75-80 will be back in the low 60s. Technicals seem to be favouring more downside at the moment.
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation - Robert Rhea
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its2013
#4 Posted : Wednesday, September 24, 2014 4:48:17 PM
Rank: Member

Joined: 1/4/2013
Posts: 255
I missed this bus and stopped waiting for it to come round to my target range.. I doubt it will get back to the 34 zone anytime soon but I'll keep watch
Pretty hurts
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murchr
#5 Posted : Wednesday, September 24, 2014 6:34:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
All@din wrote:
I bought Centum Shares t 58/= a few weeks back. Has been looking all rosy till today. any insights on this???


Gaps have to be filled
"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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Aguytrying
#6 Posted : Wednesday, September 24, 2014 7:02:49 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
buying above 30 bob is a risk in itself
The investor's chief problem - and even his worst enemy - is likely to be himself
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Realtreaty
#7 Posted : Wednesday, September 24, 2014 7:30:01 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Do you really know what is free fall in a stock or market? The Centum has rosen from low of 14 to high of 84.50 .Going back to a postion it jumped like 71 will not mean a free fall but people are just taking profits(Selling) hoping it will not rise more than that as they hold in fear of a market correction of the same stock. BAT has today risen by 77Kes and after two days it can fall by same margin.
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Gambler
#8 Posted : Wednesday, September 24, 2014 7:31:42 PM
Rank: Hello

Joined: 9/17/2014
Posts: 7
All@din wrote:
I bought Centum Shares t 58/= a few weeks back. Has been looking all rosy till today. any insights on this???


@All@din if u bought @58 i suspect you are a trader rather than an investor. For this sell now and buy back when the price starts moving up again.
No matter how fast light travels, darkness is always faster and waiting for it.
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mv_ufanisi
#9 Posted : Wednesday, September 24, 2014 11:45:46 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Centum will come roaring back once they make a few more positive announcements. The thing about the big shareholders like DJ CK is they just don't sell. It's the speculators and inexperienced that buy and sell on a whim.
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sparkly
#10 Posted : Wednesday, September 24, 2014 11:56:41 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
All@din wrote:
I bought Centum Shares t 58/= a few weeks back. Has been looking all rosy till today. any insights on this???


This share will make some people cry very soon. They make paper profits and pay zero dividends. People buying at 80 will see dust when they issue another profit warning.
Life is short. Live passionately.
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