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CIC - Buy this Growth Stock
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kangi
#21 Posted : Friday, January 18, 2013 5:39:02 PM
Rank: Member

Joined: 7/23/2009
Posts: 526
muganda wrote:
I will give @J1Andrea the benefit of doubt.
If you bought CIC at 4/=, hurry on and dispose of the lot today. This is an average company that is way overpriced - it will only serve to make its top affiliated shareholders rich.

Warren Buffett spoke thus: The chief risk is not overpaying for excellent businesses, but paying too much for mediocre businesses during prosperous times


@Muganda,

I think they have a sustainable profit to make and even beyond if they can live to their potential. The Coop Bank holding gives them most of the loan insurance biz thro Kingdom securities.

If they properly explore and harness the sacco market for business, the figures mentioned become probable, then eventually inevitable. Am personally banking on that....I may be right. Time will tell.
Accept no one's definition of your life; define your life.
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Sisqo
#22 Posted : Friday, January 18, 2013 7:52:11 PM
Rank: User

Joined: 7/12/2011
Posts: 21
The loss/profit margin of this stock is definitely ideal for any investor:

1-You buy the stock at 4(estimate figure). For you to realize a 10% gain on your money, you only need to sell the stock later at 4.4 ie a 10% rise of the initial buy price.

2-On the other hand, you can put a stop loss order ie, your exit point should the stock tank. That should be around 10% drop from the initial buying price. Therefor, should the stock fall to 3.6, you sell.

This is plausible at the moment considering the momentum of the stock in the past week. It has consistently appreciated daily with margins between 5-15%.
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S.Mutaga III
#23 Posted : Saturday, January 19, 2013 2:53:43 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
Sisqo wrote:
The loss/profit margin of this stock is definitely ideal for any investor:

1-You buy the stock at 4(estimate figure). For you to realize a 10% gain on your money, you only need to sell the stock later at 4.4 ie a 10% rise of the initial buy price.

2-On the other hand, you can put a stop loss order ie, your exit point should the stock tank. That should be around 10% drop from the initial buying price. Therefor, should the stock fall to 3.6, you sell.

This is plausible at the moment considering the momentum of the stock in the past week. It has consistently appreciated daily with margins between 5-15%.

haha...did you just say stop loss...that exact strategy made me learn a very painful lesson,value investing and averaging down upon careful analysis of a stock.Your strategy will only make your broker rich giving you minimal returns if you are lucky to get any.
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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murchr
#24 Posted : Saturday, January 19, 2013 2:59:25 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
S.Mutaga III wrote:
Sisqo wrote:
The loss/profit margin of this stock is definitely ideal for any investor:

1-You buy the stock at 4(estimate figure). For you to realize a 10% gain on your money, you only need to sell the stock later at 4.4 ie a 10% rise of the initial buy price.

2-On the other hand, you can put a stop loss order ie, your exit point should the stock tank. That should be around 10% drop from the initial buying price. Therefor, should the stock fall to 3.6, you sell.

This is plausible at the moment considering the momentum of the stock in the past week. It has consistently appreciated daily with margins between 5-15%.


haha...did you just say stop loss...that exact strategy made me learn a very painful lesson,value investing and averaging down upon careful analysis of a stock.Your strategy will only make your broker rich giving you minimal returns if you are lucky to get any.



Your learning very fast brother....keep it up
"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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anika66
#25 Posted : Saturday, January 19, 2013 1:43:57 PM
Rank: Member

Joined: 2/25/2010
Posts: 158
I am tired of my broker! He ignores my stop orders and goes ahead to dispose of my shares at prices i have not approved. And when you tell your broker to buy for you a stock at a best price and he goes ahead to buy the stock at the highest market price, is this prudent? Whose interest is the broker really serving coz i dont think some of the moves they do when you are not looking are not for a clients benefits. Is there a broker who can listen to me and be available for consultations when needed? I want to quit this brokerage. Anybody with good recommendations?
Keeping it all in the family
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quicksand
#26 Posted : Saturday, January 19, 2013 5:32:31 PM
Rank: Veteran

Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
anika66 wrote:
I am tired of my broker! He ignores my stop orders and goes ahead to dispose of my shares at prices i have not approved. And when you tell your broker to buy for you a stock at a best price and he goes ahead to buy the stock at the highest market price, is this prudent? Whose interest is the broker really serving coz i dont think some of the moves they do when you are not looking are not for a clients benefits. Is there a broker who can listen to me and be available for consultations when needed? I want to quit this brokerage. Anybody with good recommendations?

Waaah. You are being played. The broker is making money for the brokerage .... , do you know a lawyer? seek some advice, next time ensure your sell and stop orders are written, or telll the broker you are recording the verbal call ... you could also start a letter campaign ...address or copy some CMA regulatory big wigs (this has been known to work with banks and unexplained debits and charges) ;nuisance makes people pause before they muck around with you. I hope your broker will be deterred. Good luck.
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Mukiri
#27 Posted : Saturday, January 19, 2013 8:04:37 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
anika66 wrote:
I am tired of my broker! He ignores my stop orders and goes ahead to dispose of my shares at prices i have not approved. And when you tell your broker to buy for you a stock at a best price and he goes ahead to buy the stock at the highest market price, is this prudent? Whose interest is the broker really serving coz i dont think some of the moves they do when you are not looking are not for a clients benefits. Is there a broker who can listen to me and be available for consultations when needed? I want to quit this brokerage. Anybody with good recommendations?


Which broker is this? (PS Use a slightly amended spelling that we can understand eg Coep Invrestmnt)

Proverbs 19:21
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jerry
#28 Posted : Sunday, January 20, 2013 10:52:30 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
anika66 wrote:
I am tired of my broker!. . . . Is there a broker who can listen to me and be available for consultations when needed? I want to quit this brokerage. Anybody with good recommendations?

GengHis Capital.
The opposite of courage is not cowardice, it's conformity.
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FOsiemo10M
#29 Posted : Monday, January 21, 2013 12:41:32 PM
Rank: User

Joined: 1/5/2013
Posts: 66
I am looking at a 5 this week..or more.
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the deal
#30 Posted : Monday, January 21, 2013 12:54:25 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
FOsiemo10M wrote:
I am looking at a 5 this week..or more.

We bet....KES1,000.
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