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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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  | | Edit by user: Tuesday, February 16, 2010 9:07 AM | Reason: Not specified
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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  | | Edit by user: Tuesday, February 16, 2010 11:22 AM | Reason: Not specified
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.. Shame on you Shame on you
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: 18,375
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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