Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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whiteowl wrote:Akenyan2014 wrote:littledove wrote:Akenyan2014 wrote:whiteowl wrote:mulla wrote:Wondergirl wrote:target1360 wrote:Wondergirl wrote:Guys, I'm very disappointed. I bought at a much higher price than it is currently. Is it wise to load more once the price drops further? the actions of a mad man should stop disappointing you.focus on the underlying business otherwise youl end up very very miserable. @target, thanks. However it is at this place Wazua where I learnt the phrase, never through some good money after some bad money, neither should you try to grasp a falling knife among many other many wise sayings'. I try to be a good student. Patience pays wondergirl. Study the company, if impressed buy at a lower price where it stabilises and wont seem to go any lower. listen to the advice around you but final decision is yours, its your money. Carbacid is a solid company so try to find out why there has been a slump, and if it seems temporary then return to profit will be inevitable. As much the underlying business is solid, when the results are dull the share can take a heavy beating and discounts can turn premium. So watch out for a fall first before restocking. What fall? I am seeing healthy volumes trading today, Price seems to be inching upwards..lowest traded price today as at 11.44 being 26.00 the excitement is because of small div announced last week, it will still test new low bearing in mind the kind of results they announced You are not convincing at all. The dividend was announced with the results the kind you are discussing. Which takes more weight, the dividend or the profit fall? Not so long ago it was at 30-33/= and I was eying it thinking it would jump back to 40/=. Then came the fall to 20 then stabilized at current prices. With no positive news on the bottom line, it's more likely to go down than up. In fact it will revisit 40, just after you give up waiting and decide to sell
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