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NMG Today (maajabu haya)

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2012		#1 Posted : Tuesday, February 16, 2010 9:01:47 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		Is it me or is it just weird that there's just one trade of 100 shares for this counter at shs. 11 above yesterday closing price? I don't know why, but do you want to tell me that this broker could not have gotten the 100 shares at 50cts or 1/- more? Check out BOC and Bamburi too... BBI will solve it :)
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guru267		#2 Posted : Tuesday, February 16, 2010 9:39:04 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		@2012.. sometimes this happens when there's only shares available with a sell order of fixed price eg 135bob and a buy order with best market price which is limited to one day... in dec KPLC climbed 12bob in one day and was down 14bob the next... so for NMG i dont think it is sustainable... Mark 12:29 Deuteronomy 4:16
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gathinga		#3 Posted : Tuesday, February 16, 2010 9:43:22 AM
Rank: Veteran Joined: 11/30/2006 Posts: 635		its above the 10% limit; is there some announcement?
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guru267		#4 Posted : Tuesday, February 16, 2010 9:53:36 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		@gathnga.. its up 9% not yet passed the limit Mark 12:29 Deuteronomy 4:16
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2012		#5 Posted : Tuesday, February 16, 2010 11:19:37 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		guru267 wrote: @2012.. sometimes this happens when there's only shares available with a sell order of fixed price eg 135bob and a buy order with best market price which is limited to one day... in dec KPLC climbed 12bob in one day and was down 14bob the next... so for NMG i dont think it is sustainable... @guru, You are right. It's actually below yesterday's closing now. But I still maintain that the dude who bought at 135/- needs to change his broker. He bought his shares today and even before closing he's already lost 1,300/- bila commission. BBI will solve it :)
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guru267		#6 Posted : Tuesday, February 16, 2010 11:30:43 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		thats why ticking the section "best market price" when buying or selling stocks is a perfect recipe for disaster.. Mark 12:29 Deuteronomy 4:16
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VituVingiSana		#7 Posted : Tuesday, February 16, 2010 12:56:21 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi		Limit orders are essential unless you trust your broker! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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