It would be so unfair if I also do not bare it a little. Dsl. Imagine. Sitting down to weather a stocks down turn and all you got to do is do calculations of moves and you can not do anything other than be a student of muandiwambeu's xyz Co. Ltd. That's how I emerged out of 2011 bear run. I really took so many chill pills and cold tuskers. I do blame myself because the signs where real but I acted late. Sold cmc at 20 from 11 and bugged my profit but not cash. At the date of placing order I heard a lady complain that a bank xxx was not honoring Dsl cheques. My heart skipped a beat. Not sure what to do I left for my weekend to plan my strategy. After further analysis, I realized so many of my holding counters were in sale position. So the plan was ready sell all my holdings and cash out of Dsl. Come the following week the market was in a hell of a slide. None of my sale went through despite having been on best salling price range. Revised prices down by 15% and sale failed altogether- that's called a bear run. Then the annoying news came knocking. What! Statutory management ASAP. No more selling no cashing out. Imagine a section of my fellow citizens would quarter me on site if I missed a step into their pockets ever again. I got a financial divorce faster faster for messing up someone's cash on casino like investment and chilling on their chums. Lessons were plenty. Never tried to figure out the numbers lost cause I would never touch a stock again. To that I still own a chuck of Mumias shares so transfered to ksl that will always keep me cautioned. nose so ya faint hearted.

@maundiWambeu, When you sense that a stockbroker is going under you don't liquidate your stock, you buy shares with remaining cash. When a company is going under, you sell shares.

@Obiero. Believe it or not my portfolio is in the green this year. The stocks I hold- TPS, KK, BAMB have have not dropped that much compared to the beginning of the year, BAMB intact is higher.This is because their prices were already depressed even when the bear struck. Add dividends( which I reinvest every last cent) and interest from bonds I'm profitable this year.around 6%. Despite NSE being 22% down.

That was then. I said lessons were plenty.
1. CDSC was and probably will be sleeping high_no updates of what really your holding is.
2. reliable and not perfect information was scarce. It was acknee to digging for gold in kakamega
3. How advanced cancer was in dsl was fizzy.
4. I had a paying banker and I would have been better off with cash. Cash was king any day then.
Luckilys enough is was incarcerated on a greater average in stocks for all well documented. Had it been in cash(sold stocks or cash balances or unaccounted bought stocks) I would been deep in real shot. Luck was with me any day then and i was lucky but lessons were many. I feel nse may have to suffer some kind of nukes fire works to see such kind of value plays again. One just needed to rob a bank coz you would afford both fines penalties and pay damages and keep you balance by end of trial. Dsl robbed it's clients that golden chance and paid without penalties or fines 2to 3yrs later.