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What was your worst mistake in trading.
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aemathenge
#261 Posted : Friday, June 23, 2017 7:42:05 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Quote:
Regulator revokes licence of pioneer venture capital firm Acacia Fund


Were they pushed out or did they opt to get out?

Full Article Link:
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slykat
#262 Posted : Monday, June 26, 2017 9:34:12 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.
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obiero
#263 Posted : Monday, June 26, 2017 10:12:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
slykat wrote:
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.

True.. That share is not even a monkey.. More like a skunk

KQ ABP 4.26
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murchr
#264 Posted : Monday, June 26, 2017 10:27:43 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
obiero wrote:
slykat wrote:
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.


True.. That share is not even a monkey.. More like a skunk


Laughing out loudly Laughing out loudly Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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obiero
#265 Posted : Monday, June 26, 2017 11:08:35 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
[quote=obiero]
Really regret HF

KQ ABP 4.26
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Sober
#266 Posted : Tuesday, June 27, 2017 4:25:10 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
iris wrote:
Agreed. I remember puzzling over empty Uchumi shelves after a rights issue; then the truth emerged.


Uchumi raised cash through rights and instead of stocking up the stores, they paid suppliers whose wares were already sold and proceeds missappropriated. zero sum arithmetic.
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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watesh
#267 Posted : Wednesday, June 28, 2017 3:41:17 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
obiero wrote:
slykat wrote:
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.

True.. That share is not even a monkey.. More like a skunk

Right on bro
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obiero
#268 Posted : Wednesday, June 28, 2017 5:11:41 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
watesh wrote:
obiero wrote:
slykat wrote:
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.

True.. That share is not even a monkey.. More like a skunk

Right on bro

Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers

KQ ABP 4.26
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sparkly
#269 Posted : Wednesday, June 28, 2017 9:57:49 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
watesh wrote:
obiero wrote:
slykat wrote:
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.

True.. That share is not even a monkey.. More like a skunk

Right on bro

Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers


Stocks that I invested in but had to cut my losses;

1. Everready
2. EA Cables
3. Olympia
4. Access Kenya
5. KQ
6. Uchumi

Thankfully none of the holdings was substantial so the losses were more than offset by gains from sound companies like EABL, KCB, BAT, NMG, Centum, Kakuzi, Safaricom and Kengen.
Life is short. Live passionately.
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obiero
#270 Posted : Tuesday, October 17, 2017 7:05:39 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
sparkly wrote:
obiero wrote:
watesh wrote:
obiero wrote:
slykat wrote:
My worst mistake:Speculating on Olympia when it was 16. It slumped soon after and sunk. I wonder why it is still listed.

True.. That share is not even a monkey.. More like a skunk

Right on bro

Most of the stocks with high illiquidity coupled with low market cap are plain dangerous.. There's safety in numbers


Stocks that I invested in but had to cut my losses;

1. Everready
2. EA Cables
3. Olympia
4. Access Kenya
5. KQ
6. Uchumi

Thankfully none of the holdings was substantial so the losses were more than offset by gains from sound companies like EABL, KCB, BAT, NMG, Centum, Kakuzi, Safaricom and Kengen.

I also once traded CABL, luckily I made a return on it.. My worst recent choice was getting back to HF while I was told by insiders that there was rot in the books. I underestimated the smell of the skunk till it was too late

KQ ABP 4.26
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