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Kenya Airways...why ignore..
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:hisah wrote:Quite stunning! This thread is almost 6 years old with almost 4 thousand posts discussing one stock! In the same time frame the stock has staged a massive decline with the said firm registering record corporate loss and wiping out its equity.
The investor's psychology is indeed rocket science!!! KQ is a cautionary tale of what NOT to do. I, @VVS, was blinded to numbers/facts given to me by some Wazuans. A steep learning curve. I hope I have learnt the lessons provided by KQ. The NSE needs both timid and bold investors, those who pee in their pants over a 42% drop in share price and those who dig in deep when the opportunity arises noting that they can gain upto 100% So said a person who capitulated at 5/- then started buying token amounts at 4.50  Life is short. Live passionately.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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sparkly wrote:obiero wrote:Impunity wrote:hisah wrote:Quite stunning! This thread is almost 6 years old with almost 4 thousand posts discussing one stock! In the same time frame the stock has staged a massive decline with the said firm registering record corporate loss and wiping out its equity.
The investor's psychology is indeed rocket science!!! You should know some companies are not the same as others. The interest shown in the stock by general public is indicative of possibility of an upturn.. Its not good to buy fully priced stocks, thoughtful investors pick the bottom. Some may assume that I am not aware of the losses that KQ posted or the problems it faces in turning the tide, but that is a fallacy.. I have my eyes wide open This is a case study of how not to invest in stocks with the subject being @Obiero: 1. Ignoring fundamentals - A wazuan called out the declining margins, high debt levels, crushing overheads but some ignored. 2. Falling in love with a stock - flying is sexy, alluring, captivating but the industry has lost money for shareholders since time immemorial. Better invest in less sexy industries like banks, insurance, alcohol and tobacco for consistent returns. 3. Bad management - top management earning millions with no skin in the game, political interference, kickbacks, looting... need I say more? 4. Confusing low price with value - for a KQ, a company with -be equity, 5/- per share is not cheap. It's very expensive. Rocket science psychology prevents the subject from seeing this. 5. Penny stock fallacy - the belief that KQ cannot possibly go any lower, will jump back to 100/- and the investor will make a fortune. Well put @sparkly. The definitive indicator of change in investors' psychology will be when @obiero completely gives up on his kq charade...talk of stock sentimental attachment at its peak. For anyone looking to flip kq, that will be a good time to have a reassessment. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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obiero wrote:VituVingiSana wrote:hisah wrote:Quite stunning! This thread is almost 6 years old with almost 4 thousand posts discussing one stock! In the same time frame the stock has staged a massive decline with the said firm registering record corporate loss and wiping out its equity.
The investor's psychology is indeed rocket science!!! KQ is a cautionary tale of what NOT to do. I, @VVS, was blinded to numbers/facts given to me by some Wazuans. A steep learning curve. I hope I have learnt the lessons provided by KQ. The NSE needs both timid and bold investors, those who pee in their pants over a 42% drop in share price and those who dig in deep when the opportunity arises noting that they can gain upto 100% Bingo! The bold who bought KK after selling KQ.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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sparkly wrote:obiero wrote:Impunity wrote:hisah wrote:Quite stunning! This thread is almost 6 years old with almost 4 thousand posts discussing one stock! In the same time frame the stock has staged a massive decline with the said firm registering record corporate loss and wiping out its equity.
The investor's psychology is indeed rocket science!!! You should know some companies are not the same as others. The interest shown in the stock by general public is indicative of possibility of an upturn.. Its not good to buy fully priced stocks, thoughtful investors pick the bottom. Some may assume that I am not aware of the losses that KQ posted or the problems it faces in turning the tide, but that is a fallacy.. I have my eyes wide open This is a case study of how not to invest in stocks with the subject being @Obiero: 1. Ignoring fundamentals - A wazuan called out the declining margins, high debt levels, crushing overheads but some ignored. 2. Falling in love with a stock - flying is sexy, alluring, captivating but the industry has lost money for shareholders since time immemorial. Better invest in less sexy industries like banks, insurance, alcohol and tobacco for consistent returns. 3. Bad management - top management earning millions with no skin in the game, political interference, kickbacks, looting... need I say more? 4. Confusing low price with value - for a KQ, a company with -be equity, 5/- per share is not cheap. It's very expensive. Rocket science psychology prevents the subject from seeing this. 5. Penny stock fallacy - the belief that KQ cannot possibly go any lower, will jump back to 100/- and the investor will make a fortune. @Sparkly writes like Warren Buffett. ... His letters are a revelation! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I saw Ngunze in the live interview with Citizen and I must say even him he does not see the end of the tunnel with this thing.
Does any one know the financial and business analysts we pick their minds.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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streetwise wrote:I saw Ngunze in the live interview with Citizen and I must say even him he does not see the end of the tunnel with this thing.
Does any one know the financial and business analysts we pick their minds.
Saint @Obiero and his sidekick @cde ... They know all things KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Airlines We Lost 2015 http://crankyflier.com/2.../airlines-we-lost-2015/
Shall we-know-who join the list in 2016? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,248 Location: nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:hisah wrote:Quite stunning! This thread is almost 6 years old with almost 4 thousand posts discussing one stock! In the same time frame the stock has staged a massive decline with the said firm registering record corporate loss and wiping out its equity.
The investor's psychology is indeed rocket science!!! KQ is a cautionary tale of what NOT to do. I, @VVS, was blinded to numbers/facts given to me by some Wazuans. A steep learning curve. I hope I have learnt the lessons provided by KQ. The NSE needs both timid and bold investors, those who pee in their pants over a 42% drop in share price and those who dig in deep when the opportunity arises noting that they can gain upto 100% So said a person who capitulated at 5/- then started buying token amounts at 4.50 This evening I shall draw up a mini essay to support my view on KQ. Will post it here
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:hisah wrote:Quite stunning! This thread is almost 6 years old with almost 4 thousand posts discussing one stock! In the same time frame the stock has staged a massive decline with the said firm registering record corporate loss and wiping out its equity.
The investor's psychology is indeed rocket science!!! KQ is a cautionary tale of what NOT to do. I, @VVS, was blinded to numbers/facts given to me by some Wazuans. A steep learning curve. I hope I have learnt the lessons provided by KQ. The NSE needs both timid and bold investors, those who pee in their pants over a 42% drop in share price and those who dig in deep when the opportunity arises noting that they can gain upto 100% So said a person who capitulated at 5/- then started buying token amounts at 4.50 This evening I shall draw up a mini essay to support my view on KQ. Will post it here #SponsoredByNgunze Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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I wonder what essay has not been drawn in the thousands of posts. I sold my IPO shares at 7.80 when KBC was "baba na mama". I couldn't stand the business news where KQ was always losing. The opposite of courage is not cowardice, it's conformity.
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