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Mumias Sugar HY2013/14

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Akenyan2014		#111 Posted : Monday, November 10, 2014 10:33:51 AM
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya		target1360 wrote: i have speculatively sank a few thousands into this thing and debited the same from my alcohol and related expenses account. i f this thing makes a mistake of rebounding to sh 2 then i make a 30% return,just like that.if it goes to sh 0 then too bad. Dint know you consume MSC's both products Sugar and molasses
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streetwise		#112 Posted : Monday, November 10, 2014 10:37:52 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Good one: live happily or atleast die having tried. Makes my day.
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MaichBlack		#113 Posted : Monday, November 10, 2014 11:07:02 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,858		MaichBlack wrote: jerry wrote: mv_ufanisi wrote: Metasploit wrote: RSI at less than 10!!!!!!!!!!!!!!!!!!!!!! Lowest ever in 3 years or more Volume spike yesterday..Arent the sellers getting exhausted ??????????????????? When it floors,the swings will be a good traders plays..For now am just wondering why there is no rebound A reverse replica of KORCH ? Disobeying TAs ????? Fundamentally, a stock is not a random oscillating unit with endless ups and downs. It's a tiny unit of a business, if the business goes bankrupt the stock will go to zero. Mumias Sugar Company might declare bankruptcy and shut down at which point the stock holders will be left holding worthless stock. Scaring but it doesn't stop optimists from buying at 1/= per share by Thursday! I'll be buying!!! Why??? Coz I can. I'll throw in some money I'm totally willing to lose. Waiting for the bottom (Or what I will decide is the bottom). Not encouraging anyone to do the same! There are more logical shares to buy there. On this one I'm not doing logical!!! HaMaina wrote: target1360 wrote: i have speculatively sank a few thousands into this thing and debited the same from my alcohol and related expenses account. i f this thing makes a mistake of rebounding to sh 2 then i make a 30% return,just like that.if it goes to sh 0 then too bad. I'm with you on this one. Live happy or at least die with a smile on my face. I have started buying! I made a buy order at 1.40/= and it was fulfilled even before I logged off!!! Now I wait... Next order in a few days... Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Stockshunterd		#114 Posted : Monday, November 10, 2014 11:14:08 AM
Rank: Hello Joined: 11/10/2014 Posts: 3		I must admit that this thing has wiped out more than 60 pc of my initial capital but still I haven't converted the paper losses into real ones, am so tempted to average down but I do pose a question to all the sugar Gurus, does this thing stand any chances of staying solvent?
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urstill1		#115 Posted : Monday, November 10, 2014 11:18:14 AM
Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house		Stockshunterd wrote: I must admit that this thing has wiped out more than 60 pc of my initial capital but still I haven't converted the paper losses into real ones, am so tempted to average down but I do pose a question to all the sugar Gurus, does this thing stand any chances of staying solvent? If you are long term, why not!!
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subaru		#116 Posted : Monday, November 10, 2014 11:50:36 AM
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie		MaichBlack wrote: MaichBlack wrote: jerry wrote: mv_ufanisi wrote: Metasploit wrote: RSI at less than 10!!!!!!!!!!!!!!!!!!!!!! Lowest ever in 3 years or more Volume spike yesterday..Arent the sellers getting exhausted ??????????????????? When it floors,the swings will be a good traders plays..For now am just wondering why there is no rebound A reverse replica of KORCH ? Disobeying TAs ????? Fundamentally, a stock is not a random oscillating unit with endless ups and downs. It's a tiny unit of a business, if the business goes bankrupt the stock will go to zero. Mumias Sugar Company might declare bankruptcy and shut down at which point the stock holders will be left holding worthless stock. Scaring but it doesn't stop optimists from buying at 1/= per share by Thursday! I'll be buying!!! Why??? Coz I can. I'll throw in some money I'm totally willing to lose. Waiting for the bottom (Or what I will decide is the bottom). Not encouraging anyone to do the same! There are more logical shares to buy there. On this one I'm not doing logical!!! HaMaina wrote: target1360 wrote: i have speculatively sank a few thousands into this thing and debited the same from my alcohol and related expenses account. i f this thing makes a mistake of rebounding to sh 2 then i make a 30% return,just like that.if it goes to sh 0 then too bad. I'm with you on this one. Live happy or at least die with a smile on my face. I have started buying! I made a buy order at 1.40/= and it was fulfilled even before I logged off!!! Now I wait... Next order in a few days... @ maich you are making the sellers @ 1.40 change their mind
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MaichBlack		#117 Posted : Monday, November 10, 2014 12:08:16 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,858		subaru wrote: MaichBlack wrote: MaichBlack wrote: jerry wrote: mv_ufanisi wrote: Metasploit wrote: RSI at less than 10!!!!!!!!!!!!!!!!!!!!!! Lowest ever in 3 years or more Volume spike yesterday..Arent the sellers getting exhausted ??????????????????? When it floors,the swings will be a good traders plays..For now am just wondering why there is no rebound A reverse replica of KORCH ? Disobeying TAs ????? Fundamentally, a stock is not a random oscillating unit with endless ups and downs. It's a tiny unit of a business, if the business goes bankrupt the stock will go to zero. Mumias Sugar Company might declare bankruptcy and shut down at which point the stock holders will be left holding worthless stock. Scaring but it doesn't stop optimists from buying at 1/= per share by Thursday! I'll be buying!!! Why??? Coz I can. I'll throw in some money I'm totally willing to lose. Waiting for the bottom (Or what I will decide is the bottom). Not encouraging anyone to do the same! There are more logical shares to buy there. On this one I'm not doing logical!!! HaMaina wrote: target1360 wrote: i have speculatively sank a few thousands into this thing and debited the same from my alcohol and related expenses account. i f this thing makes a mistake of rebounding to sh 2 then i make a 30% return,just like that.if it goes to sh 0 then too bad. I'm with you on this one. Live happy or at least die with a smile on my face. I have started buying! I made a buy order at 1.40/= and it was fulfilled even before I logged off!!! Now I wait... Next order in a few days... @ maich you are making the sellers @ 1.40 change their mind They will sell!!! There is still fear in the air! Absolute fear. The blood is still on the streets! The next lot they selling to me at 1.30 or lower. And I have told them in advance! And they will still do it!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Sober		#118 Posted : Monday, November 10, 2014 12:36:36 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		I had said i will be waiting for the thing at 1.50 and now i have a reason of testing the dept with 1 foot and average down if it hits 1.25 by end of the week African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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MaichBlack		#119 Posted : Monday, November 10, 2014 12:54:02 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,858		This is how most Russians became billionaires. They bought run down state corporations for a song and then turned them around. The only difference is that for us we are not buying a controlling stake and we therefore have to wait for someone else to turn around the company. Of course this might never happen. But as stated earlier, the money I'm putting in this I'm ready to lose. We have already said our goodbyes! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Stockshunterd		#120 Posted : Monday, November 10, 2014 2:13:30 PM
Rank: Hello Joined: 11/10/2014 Posts: 3		urstill1 wrote: Stockshunterd wrote: I must admit that this thing has wiped out more than 60 pc of my initial capital but still I haven't converted the paper losses into real ones, am so tempted to average down but I do pose a question to all the sugar Gurus, does this thing stand any chances of staying solvent? If you are long term, why not!! that was my concern
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