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What was your worst mistake in trading.
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edwinmukiri
#151 Posted : Thursday, March 12, 2015 10:37:14 PM
Rank: New-farer

Joined: 8/11/2014
Posts: 72
Location: Nairobi
Othelo wrote:
Pedes wrote:
Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patiencePray ..patiencePray ..patiencePray

Was going through this thread, this has just made my dull day light up....

from 12 to 1 bob and now 2.7 bob thats disaster
Bulls make money,bears make money and pigs get slaughtered.
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streetwise
#152 Posted : Friday, March 13, 2015 7:24:46 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Bado someone made money. Ofcourse I know another lost. But that is the game
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ike
#153 Posted : Thursday, June 25, 2015 11:55:55 AM
Rank: Member

Joined: 7/2/2014
Posts: 123
ike wrote:
mwekez@ji wrote:
ike wrote:
ike wrote:
mlennyma wrote:
ike wrote:
Selling kplc last week at 16 and kengen at 10.20 and a week later they are looking north.... and worse still putting some of it in uchumi

and may be you had waited for a long timeSad

boarded kplc around Jan at 15. had totally forgotten that they release results this season... kengen last year pre books close. fighting the urge not to re-enter kengen

Hope I won't have to swallow the humble pie of re-entering kengen at a higher price after offloading at 12.20 today. ION thinking of loading cables and exit 20+

And how do you arrive at the target price of 20+ for cable? .... Just helping you to avoid making another mistake

I am no chartist. have a fair value of 18.00 but the way things are happening in this market it should at least touch 20.00 before may

,
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ike
#154 Posted : Thursday, June 25, 2015 11:57:45 AM
Rank: Member

Joined: 7/2/2014
Posts: 123
ike wrote:
mwekez@ji wrote:
ike wrote:
ike wrote:
mlennyma wrote:
ike wrote:
Selling kplc last week at 16 and kengen at 10.20 and a week later they are looking north.... and worse still putting some of it in uchumi

and may be you had waited for a long timeSad

boarded kplc around Jan at 15. had totally forgotten that they release results this season... kengen last year pre books close. fighting the urge not to re-enter kengen

Hope I won't have to swallow the humble pie of re-entering kengen at a higher price after offloading at 12.20 today. ION thinking of loading cables and exit 20+

And how do you arrive at the target price of 20+ for cable? .... Just helping you to avoid making another mistake

I am no chartist. have a fair value of 18.00 but the way things are happening in this market it should at least touch 20.00 before may

The journey to 20.00 is going to be asap
,
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mazingira
#155 Posted : Thursday, June 25, 2015 12:49:16 PM
Rank: Member

Joined: 10/26/2012
Posts: 136
Holding onto KQ until today :(
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young farmer
#156 Posted : Thursday, June 25, 2015 12:53:55 PM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
Can't wait this bus to go mumias way..........then i board.
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Afroblk
#157 Posted : Thursday, June 25, 2015 4:21:38 PM
Rank: New-farer

Joined: 3/3/2010
Posts: 79
mazingira wrote:
Holding onto KQ until today :(


You're not alone...This also counts as my worst mistake but it will turn around.

Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two.

@Obiero, this got to be your worst, ama?
Knowledge is contagious...Infect truth!
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mulla
#158 Posted : Thursday, June 25, 2015 10:40:47 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
Afroblk wrote:
mazingira wrote:
Holding onto KQ until today :(


You're not alone...This also counts as my worst mistake but it will turn around.

Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two.

@Obiero, this got to be your worst, ama?

Pole sana bro...pia nami i am caught in this storm with no lifesaver in sight...but according to the figures you have given your average comes to 17.46/= and that's not even including broker commission i.e. 821,000/= / 47000 = 17.46. Include broker commissions and your average buy price is over 18/=. correct me if i am wrong..
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obiero
#159 Posted : Thursday, June 25, 2015 11:12:51 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,219
Location: nairobi
Afroblk wrote:
mazingira wrote:
Holding onto KQ until today :(


You're not alone...This also counts as my worst mistake but it will turn around.

Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two.

@Obiero, this got to be your worst, ama?

Pole sana. Ua math appears off. U should be in much deeper loss.. KQ isnt my worst loss, since I first bought post rights and have been steady averaging down to about 8.9 per share

KQ ABP 4.26
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S.Mutaga III
#160 Posted : Thursday, June 25, 2015 11:44:39 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
obiero wrote:
Afroblk wrote:
mazingira wrote:
Holding onto KQ until today :(


You're not alone...This also counts as my worst mistake but it will turn around.

Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two.

@Obiero, this got to be your worst, ama?

Pole sana. Ua math appears off. U should be in much deeper loss.. KQ isnt my worst loss, since I first bought post rights and have been steady averaging down to about 8.9 per share

My worst mistake was buying into any stock that is majority owned by the government...namely Mumias at 5.5 and exited at 4.5 after Njung'es comments which opened my eyes. I currently hold Kenya Re and KPLC and will sell them as soon as I break even. In the future, I will avoid the stocks such as Kenya Re, KPLC, Mumias, Uchumi, Kenya Airways and anything else majority owned by Uncle Sam. He is the worst business partner you can ever have.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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