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Alternative hypothesis:Only idiots make money on NSE
Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Swenani wrote:Swenani wrote:I just placed an order for 3,100 @ 32 safcom shares. Expected cash outlay if the transaction goes through inclusive of charges will be kshs 101,503.20
#prayforidiots#
Trade went through at Kes 101,307.3 for 3,100 shares.
Current portfolio
Safcon-5,400
KCB-900
Cash outlay Khs 203,437 inclusive of IPO
Bought the following shares KCB-4,200 shares at a total of KShs 152,078 inclusive of all related charges KP-20,000 shares at a total of kshs 48,809,60 inclusive of all charges. Current portfolio after today's trade Safcom(LT)-5,400 at a total purchase price of 154,525.3 KCB(LT)-5,100 at kshs 200,989.97 KPLC(ST)-20,000 shares at kshs 48,809.60. Current cash outlay is kshs 404,324.87 with a paper loss of approx 12K Seems MM is right about this casino Time to buy more and average down. The more you lose, the more you buy to average down. That is what the wazua investment gurus advice. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Interesting thread, good experiment. I wish you succeed, but why not buy only when they are below certain valuations. To avoid buying when grossly overvalued. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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sqft wrote:Swenani wrote:Swenani wrote:I just placed an order for 3,100 @ 32 safcom shares. Expected cash outlay if the transaction goes through inclusive of charges will be kshs 101,503.20
#prayforidiots#
Trade went through at Kes 101,307.3 for 3,100 shares.
Current portfolio
Safcon-5,400
KCB-900
Cash outlay Khs 203,437 inclusive of IPO
Bought the following shares KCB-4,200 shares at a total of KShs 152,078 inclusive of all related charges KP-20,000 shares at a total of kshs 48,809,60 inclusive of all charges. Current portfolio after today's trade Safcom(LT)-5,400 at a total purchase price of 154,525.3 KCB(LT)-5,100 at kshs 200,989.97 KPLC(ST)-20,000 shares at kshs 48,809.60. Current cash outlay is kshs 404,324.87 with a paper loss of approx 12K Seems MM is right about this casino Time to buy more and average down. The more you lose, the more you buy to average down. That is what the wazua investment gurus advice. That's exactly whatr I plan to do. Watch me become a multi millionaire in less than a decade If Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Aguytrying wrote:Interesting thread, good experiment. I wish you succeed, but why not buy only when they are below certain valuations. To avoid buying when grossly overvalued. I hear everything is grossly undervalued on NSE upto 2022. I'll start reaping my benefits in 2025. Watch and learn If Obiero did it, Who Am I?
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Swenani wrote:Aguytrying wrote:Interesting thread, good experiment. I wish you succeed, but why not buy only when they are below certain valuations. To avoid buying when grossly overvalued. I hear everything is grossly undervalued on NSE upto 2022. I'll start reaping my benefits in 2025. Watch and learn I like this kind of long term thinking. Assuming inflation or any other unknown for now factors arise. Including effects of covid. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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I have a 100K, I'm thinking of deploying the stupid brilliant wazuan idea of averaging down on KPLC, Safcon and KCB. @Mnandi, hio mkate yako ya Eliot inasema nini? If Obiero did it, Who Am I?
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Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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snifadog wrote:don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin And BTC will not? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/15/2019 Posts: 687 Location: planet earth
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Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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VituVingiSana wrote:snifadog wrote:don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin And BTC will not? wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
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Alternative hypothesis:Only idiots make money on NSE
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