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Centum free fall??
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All@din
#1 Posted : Wednesday, September 24, 2014 4:25:00 PM
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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
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Joined: 12/4/2009
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Location: NAIROBI
It will even fall lower than the 58 you bought.
Shindwe kabisa
Wealth is built through a relatively simple equation
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a_abbass
#3 Posted : Wednesday, September 24, 2014 4:32:08 PM
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Joined: 9/13/2014
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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
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Joined: 1/4/2013
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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
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Joined: 2/26/2012
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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
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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
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Joined: 8/16/2011
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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
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Joined: 9/17/2014
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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
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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
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Joined: 9/23/2009
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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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deritsam
#11 Posted : Thursday, September 25, 2014 7:42:23 AM
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Joined: 9/22/2014
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Gambler wrote:
@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.


I also bought at the same rate not expecting it to go upwards by that margin.
I was hoping to hold onto it for the next one year or two, but now seems it may plummet to 50 - 60 range.
Dont know whether to sell or hold to it...Sad
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mnandii
#12 Posted : Thursday, September 25, 2014 8:03:29 AM
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Joined: 10/11/2006
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mv_ufanisi wrote:
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.

Speculators in any market are VERY important. They are the ones who create your opportunity to trade in the first place.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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streetwise
#13 Posted : Thursday, September 25, 2014 8:03:47 AM
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I can help you on this, do you think the business is great and has a bright future
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deritsam
#14 Posted : Thursday, September 25, 2014 8:47:06 AM
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Joined: 9/22/2014
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streetwise wrote:
I can help you on this, do you think the business is great and has a bright future

Yeah, I think the business is great and indeed has a bright future. That's one of the main factors that led me to invest in them.
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Gambler
#15 Posted : Thursday, September 25, 2014 9:44:25 AM
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Joined: 9/17/2014
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deritsam wrote:
streetwise wrote:
I can help you on this, do you think the business is great and has a bright future

Yeah, I think the business is great and indeed has a bright future. That's one of the main factors that led me to invest in them.


Someone gave me great advice on another thread, "Never fall in love with stock". That noted Centum has a bright future but the current price is purely speculative and has nothing to do with the company business. As fever fades so will your profit margin. Sell now and buy when it stabilizes.
No matter how fast light travels, darkness is always faster and waiting for it.
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PKoli
#16 Posted : Thursday, September 25, 2014 9:59:54 AM
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Joined: 2/10/2007
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Gambler wrote:
deritsam wrote:
streetwise wrote:
I can help you on this, do you think the business is great and has a bright future

Yeah, I think the business is great and indeed has a bright future. That's one of the main factors that led me to invest in them.


Someone gave me great advice on another thread, "Never fall in love with stock". That noted Centum has a bright future but the current price is purely speculative and has nothing to do with the company business. As fever fades so will your profit margin. Sell now and buy when it stabilizes.


Your advice received with thanks
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mawinder
#17 Posted : Thursday, September 25, 2014 10:07:33 AM
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Joined: 4/30/2008
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65 recorded!!!!!!!
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Forester
#18 Posted : Thursday, September 25, 2014 10:13:34 AM
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Joined: 12/7/2010
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Location: Epicentre - Ngamia 1
Its embarrassing to even mention how much i got in at. I have really been seriously shaved but will hold!!!Sad
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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faa
#19 Posted : Thursday, September 25, 2014 10:21:39 AM
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Bought centum at 80.5 .unbelievable.
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PKoli
#20 Posted : Thursday, September 25, 2014 10:24:04 AM
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Joined: 2/10/2007
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Forester wrote:
Its embarrassing to even mention how much i got in at. I have really been seriously shaved but will hold!!!Sad


You may possibly eye for more when it settles at between 45-50 :).
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