Wazua
»
Investor
»
Stocks
»
PLAYING THE MARKET-A NEW YEAR RESOLUTION
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
@VVS: Stocksmaster sold the MSC holding Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
|
#7 Posted : Wednesday, April 14, 2010 12:00:46 Joined: 6/20/2007 Posts: 114 For Speculation purposes it would have paid off for Stocksmaster to wait and exit from Mumias in a few months time at 16 plus bob; It would have been good ride from 5 Plus to 16 plus bob.Personally I consider Mumias a junk stock not witstanding her recent foray into power generation. It went from 2 for 1 bonus at 16 bob to 3 bob in 2008 and it is gradually climbing back. With apologies to KQ stock fans, I consider it junk, rising a few years and falling back. It is rising again. This is typical of airline stocks in any market.
One negative news can set the stock tumbling to its lows and it takes long to recover. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
|
|
|
Rank: Elder Joined: 12/6/2008 Posts: 3,548
|
Ungecheza na hio 100K imebaki with kina kenol, unga e.t.c, you have changed into a longterm shareholder through safcom (Feb to May!) rather than play the market A New Kenya
|
|
|
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
@Stocksmaster: are you still playing the market? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Since Stocksmaster has gone AWOL on us, I might as well take over this thread. Last week I sold 100K worth of Equity Bank shares and tomorrow and I'm putting it into Unga Group. GOD BLESS YOUR LIFE
|
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
Another UNFULFILLED NEW YEAR RESOLUTION? The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
youcan'tstopusnow wrote:
Last week I sold 100K worth of Equity Bank shares and tomorrow and I'm putting it into Unga Group.
@youcant.... i know this counter is poised for good things but dont you think 100k in the short term is a bit of a huge risk given that if the company does not announce a dividend or bonus which seems to be the norm of this company the stock might sell off since investors might be reluctant to hold it for a another year. Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Guru, I understand your concerns. But I'm putting my hopes on the company giving out either dividends this year or a bonus. I know I'm taking a HUGE risk. By if the price rises before the announcement, I'll definitely sell off some,just to be on the safe side. Thanks. GOD BLESS YOUR LIFE
|
|
|
Rank: New-farer Joined: 4/26/2010 Posts: 71 Location: Thika/Nairobi
|
All about stocks is buying and timing. You have to give your shares time to grow and may be see when the returns are worth. I did a research and found out that,everything has an advantage,no matter how negative it is. The notorious rains are here,and yes the will do something to the agriculture sector,of course on a positive note. This will translate agricultural-ralated stocks gaining,like mumias. We should also be checking HFCK,they are now in Mombasa. http://echoproperties.kbo.co.ke
Echo estate management Limited
|
|
|
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
stocksmaster wrote:I have been away for about five weeks on my other passion which is trading in medicaments (am a Pharmacist). I usually take short breaks from shares trading to ensure that am not totally consumed by the adrenaline rush that characterises speculation.
I believe that as a speculator, it is important to periodically take your eyes from the ball (NSE). This affords one an opportunity to return to the market and view it with some degree of freshness. It buffers me from the dangerous habit of being too attached to the game (some at Wazua call it being married to shares).
A thin line exists between speculation and gambling. Too much focus/attachment to the market and a speculator easily becomes a gambler.
Now, back to my Portfolio:
CURRENT POSITION:
120,000 SAFCOM SHARES @ KSH 5.50 = KSH 660,000
Less 2% (Transaction cost on disposal)=KSH 13,200
Recoverable Value of Safcom shares = KSH 646,800
ADD Cash in Hand = KSH 122,430
Total Value of cash & shares = Ksh 769,230
From my initial investment of Ksh 527,850 ; I am still up about 46%.
I will be evaluating the market this weekend for a possible activity next week.
Although Safaricom has not appreciated in the six to seven weeks I have held it, am happy it has preserved my capital (We seem to forget that a share can swing in either direction).
Happy hunting. Two months have passed since this post. Lets know how you are doing... By the look of things, SCOM has not bee impressive...but neither has MSC Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
i'm now made to believe @ stockmaster doesnt know what he is doing @ the NSE...
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
|
@the deal - @stocksmaster is UP 46%... in less than 6 months... The chap is doing a-OK in my book! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:@the deal - @stocksmaster is UP 46%... in less than 6 months... The chap is doing a-OK in my book! I second @the deal on this. The chap has made 46% but meanwhile the NASI has made 35%. This is no good. If he followed analysis by @mukiha, yourself, @guru etc the strategy should have made at least 80% by now. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
|
sparkly wrote:VituVingiSana wrote:@the deal - @stocksmaster is UP 46%... in less than 6 months... The chap is doing a-OK in my book! I second @the deal on this. The chap has made 46% but meanwhile the NASI has made 35%. This is no good. If he followed analysis by @mukiha, yourself, @guru etc the strategy should have made at least 80% by now. 1) He has accounted fully for all costs 2) If anyone thinks they can do better... how about putting the money where the mouth is... 3)IMHO, 46% in 5 months is great! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
Hmmmn interesting... I can really fault @stocksmaster on one front: not keeping to his January 01, 2010. You've definitely not reported monthly as premised...  But then again, who knows what tidings the sands and winds of time brings... 1. Is it possible @stocksmaster, like many of us return to who we are, you slipped back to your passive investment philosophy? 2. Or the purely margin trading aggressive approach was secondary to your objective of 50% of the principal amount? stocksmaster wrote:I took time today to assess my investment position in shares for the period January to December 2009. As a passive investor, i usually hold onto my purchases rarely selling to take advantage of price flactuations. This approach did not serve me well in 2009!
I have always wondered wether a trader driven purely by margin trading can make money in the NSE (Without wiping all the gains in transaction fees!)
So today, January 1st 2010, I have decided to try and test this model of stock trading (margin trading).
I have set aside a trading float for purely speculative purposes and embarked on a project.
BENCHMARKING: The progress of the project will be compared with the NSE index and reported monthly. The target 50% growth will also be a guiding factor.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
|
I agree with @muganda... where is the monthly reporting? On the other hand... it is easy to multiply the shares x price + add cash = value... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
VituVingiSana wrote:I agree with @muganda... where is the monthly reporting?
On the other hand... it is easy to multiply the shares x price + add cash = value... my argument is @stockmaster promised to play the market...if thats the case then he has missed several busses i.e cfc @40,equity@15,the agrics...even KK@68...he got stuck to one count which has returned 4% in 3 month hehehe...then he dissappeared...where are those nice little updates....we miss them...i think he got lucky with his first play(MSC) must have been insider info...that brings me to something...is @stockmaster Merali...LOL...
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
Lets give @ stocksmaster more time. After all he needs to preserve the gains by not just trading for the fun of it. However, we need to have his updates as promised. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@the deal - @stocksmaster is UP 46%... in less than 6 months... The chap is doing a-OK in my book! I second @the deal on this. The chap has made 46% but meanwhile the NASI has made 35%. This is no good. If he followed analysis by @mukiha, yourself, @guru etc the strategy should have made at least 80% by now. 1) He has accounted fully for all costs 2) If anyone thinks they can do better... how about putting the money where the mouth is... 3)IMHO, 46% in 5 months is great! Lets post our 2010 trades, strictly buys and sells in 2010... you will be surprised Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
|
sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@the deal - @stocksmaster is UP 46%... in less than 6 months... The chap is doing a-OK in my book! I second @the deal on this. The chap has made 46% but meanwhile the NASI has made 35%. This is no good. If he followed analysis by @mukiha, yourself, @guru etc the strategy should have made at least 80% by now. 1) He has accounted fully for all costs 2) If anyone thinks they can do better... how about putting the money where the mouth is... 3)IMHO, 46% in 5 months is great! Lets post our 2010 trades, strictly buys and sells in 2010... you will be surprised IMHO... he did what he had to do... and has done well... As for the rest, please show what u have or can do... Start with 1 June 2010 & show an actual start date, amount... then the trades incl all costs... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
PLAYING THE MARKET-A NEW YEAR RESOLUTION
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|