Rank: New-farer Joined: 6/23/2010 Posts: 52 Location: Majuu
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symbols wrote:mBiaLoss wrote:zizzi wrote:mBiaLoss wrote:mwekez@ji wrote:mBiaLoss wrote:
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3. Some stocks am seeing are really cheap, that the company can either go bankrupt or up. I don't see how further down they go except bankruptcy!
Which specific stocks are we talking about here @mBiaLoss? ... Mumias sugar, kenya airways and kenol kobil. How low can they go? I think this article too might be of interest to you - http://www.gurufocus.com...nking-and-the-8020-rule
Definitely check it out when you get the chance Thanks I read the article, it just re-enforces my chain of thought. If you invest in stock that is priced so low, there are only two chances, either the company goes bankrupt and you loose everything, or the company recovers and you gain a lot. Does anybody really think that KQ will soon go bankrupt? I don't think so, but what if it does go bankrupt and I lose all borrowed money? That is a risk am will to take right now! What amount are you talking about and how long are you willing to hold onto the shares? About 15K dollars that comes to about 1M KSH. Looking to hold for 2-3yrs and wait for the uptick. As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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