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hisah
#21 Posted : Friday, April 08, 2011 3:14:37 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
33% profit taken...am looking for the next boom entry 6bob exit 9bob though am doubting...this company will not make any loss this year...it pays to run opposite the crowd.


Pump and dump aka dead cat bounce. That was a kool 50% for you on the contra play smile
Until access breaks above 13/- and holds that level, it is a sell candidate.
But it will still make money for the contra trader buying below 7/- to take advantage of the excess overselling pressure...
@mlennyma can teach those who want to learn.

And where is @the deal on this contra. The only contra I refuse to strike is KQ coz of that crazy oil... But when oil steams down, it will be a good contra buy.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
the deal
#22 Posted : Friday, April 08, 2011 3:25:54 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hehehe @Hisah my cash is tied up in KK and Jub..shout out to mlennyma that was a super contra play...at the moment i'm accumulating Kenya Re...CMC...well KQ is just KQ...but below 30 bob is worth a play.
For Sport
#23 Posted : Friday, April 08, 2011 3:44:41 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
ati dead cat bounce Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
sparkly
#24 Posted : Saturday, April 09, 2011 8:22:15 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
33% profit taken...am looking for the next boom entry 6bob exit 9bob though am doubting...this company will not make any loss this year...it pays to run opposite the crowd.

Make your money and enjoy. I will keep away from more buying until the fundamentals look up. There is a real risk of being forced to lock in unnecessary losses. Unless if you have a strict stop loss plan, and you know how fast AK can fall.
Life is short. Live passionately.
QW25071985
#25 Posted : Saturday, April 09, 2011 10:21:24 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
WOW @ mlennyma . u must be having a ball in this bear market though with the small volume that the shares are trading at < 400,000 i dnt think its worth the trouble to risk on a.k.But its rise is a classic example of pump and dump. lets wait for it again at 6.60 and the speculators will gladly pump it up to 10.00 and dump it there.
I have been seeing a noted increase in investor participation in the market of late.foreigners are slowly but surely trooping back.I donot think these bargain will last for long.
Muthawamunene
#26 Posted : Saturday, April 09, 2011 1:06:53 PM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
Najua kuna watu apa apa wazua alikula nyama jana for the first time since febuary.
QW25071985
#27 Posted : Saturday, April 09, 2011 1:18:22 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
the deal wrote:
hehehe @Hisah my cash is tied up in KK and Jub..shout out to mlennyma that was a super contra play...at the moment i'm accumulating Kenya Re...CMC...well KQ is just KQ...but below 30 bob is worth a play.


you better have a very gud reason for that one .Do they even have a moat ?????local car sales are being hit right left and center with cheap china imports
Gordon Gekko
#28 Posted : Tuesday, April 12, 2011 7:24:42 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Very small and innocuous ad on page 7 of the Standard. "CMA has granted the approval for the issue and listing of the additional 428,588 ord shares...as part consideration for the acquisition of the remaining 30% of the issued share capital in OSL" Good old Henry Njoroge makes another ksh 4.5 M at yesterdays prices!!
erifloss
#29 Posted : Tuesday, April 12, 2011 7:58:06 AM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
hisah wrote:
mlennyma wrote:
33% profit taken...am looking for the next boom entry 6bob exit 9bob though am doubting...this company will not make any loss this year...it pays to run opposite the crowd.


Pump and dump aka dead cat bounce. That was a kool 50% for you on the contra play smile
Until access breaks above 13/- and holds that level, it is a sell candidate.
But it will still make money for the contra trader buying below 7/- to take advantage of the excess overselling pressure...
@mlennyma can teach those who want to learn.

And where is @the deal on this contra. The only contra I refuse to strike is KQ coz of that crazy oil... But when oil steams down, it will be a good contra buy.

@hisah, KQ hedged half their fuel at requirements at around $90 so a little comfort comes from this. Don't wait for this below 30 though 30-35 is a good buy.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
Cde Monomotapa
#30 Posted : Tuesday, April 12, 2011 8:26:47 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Muthawamunene wrote:
Najua kuna watu apa apa wazua alikula nyama jana for the first time since febuary.

Tihihi.
Cde Monomotapa
#31 Posted : Tuesday, April 12, 2011 8:30:34 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
For Sport wrote:
ati dead cat bounce Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

I know..Lol!!
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