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Share prices to deep further in December
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Impunity
#31 Posted : Thursday, November 24, 2011 8:09:14 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
simonkabz wrote:
Impunity wrote:
Time to cut my losses and move on or what?

Umeanza kuharahara. Will u live with a 40% loss?


I'm at33% loss at mpesa, shouls I jump ship?
And when will PanAfric wake up?Since introduction of the bonus share ithas seen a massive and consistent slide!
Sad Sad Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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lovely2010
#32 Posted : Thursday, November 24, 2011 8:12:07 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
simonmaina71@gmail.com wrote:
I bought uchumi shares two weeks ago at 8.50 and now they are at 7.55...since they are approaching my stop loss,am visitting my broker tomorrow to preserve my capital...and sell them at 7.60...in a seriously leaking boat,it is wiser to jump to another than to try and repair the leak.


Dont even think of selling. Just hold your balls...what you can do is average down instead of selling at a loss...
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simonmaina71@gmail.com
#33 Posted : Thursday, November 24, 2011 8:31:16 PM
Rank: New-farer

Joined: 11/14/2011
Posts: 50
Stop loss saves money...i remember when kq was at 66 and then it started droppin...i cut my losses at 55...where is it today?at 20 do you expect it to tripple any time soon?i cut my loses with safcom at sh 4...its now around 3 and a 33 percent rise is unlikely in the foreseeable future.
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kaifastus
#34 Posted : Thursday, November 24, 2011 9:00:39 PM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
simonmaina71@gmail.com wrote:
Stop loss saves money...i remember when kq was at 66 and then it started droppin...i cut my losses at 55...where is it today?at 20 do you expect it to tripple any time soon?i cut my loses with safcom at sh 4...its now around 3 and a 33 percent rise is unlikely in the foreseeable future.



You keep 'cutting loses' perhaps its time you quit stock mkt completly.. pple like you are the ones fueling the drop!
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youcan'tstopusnow
#35 Posted : Thursday, November 24, 2011 9:10:39 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
kaifastus wrote:
simonmaina71@gmail.com wrote:
Stop loss saves money...i remember when kq was at 66 and then it started droppin...i cut my losses at 55...where is it today?at 20 do you expect it to tripple any time soon?i cut my loses with safcom at sh 4...its now around 3 and a 33 percent rise is unlikely in the foreseeable future.



You keep 'cutting loses' perhaps its time you quit stock mkt completly.. pple like you are the ones fueling the drop!



Haha! No need for blame games people. It is, after all, a 'free' market. Willing buyer, willing seller, etc
GOD BLESS YOUR LIFE
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lovely2010
#36 Posted : Thursday, November 24, 2011 9:11:06 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
kaifastus wrote:
simonmaina71@gmail.com wrote:
Stop loss saves money...i remember when kq was at 66 and then it started droppin...i cut my losses at 55...where is it today?at 20 do you expect it to tripple any time soon?i cut my loses with safcom at sh 4...its now around 3 and a 33 percent rise is unlikely in the foreseeable future.



You keep 'cutting loses' perhaps its time you quit stock mkt completly.. pple like you are the ones fueling the drop!



I did a stop loss also and I have saved a lot I invested the money in treasury and Im making returns ...I would have needed a lot to average down so I opted for stop loss...
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simonmaina71@gmail.com
#37 Posted : Thursday, November 24, 2011 9:12:51 PM
Rank: New-farer

Joined: 11/14/2011
Posts: 50
heheh...am not in the stock market to lose my hard earned money...am here to multiply it...cutting loses always keeps me in the game...accept small losses and admit you were wrong,then call it a bad day and move on...a wise person cuts losses short and lets profits run..a fool cuts profits and lets losses run.
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guru267
#38 Posted : Thursday, November 24, 2011 9:33:23 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
simonmaina71@gmail.com wrote:
heheh...am not in the stock market to lose my hard earned money...am here to multiply it...cutting loses always keeps me in the game...accept small losses and admit you were wrong,then call it a bad day and move on...a wise person cuts losses short and lets profits run..a fool cuts profits and lets losses run.


check this out.. it all depends on what your intention is for capital long term or short term..

but IMHO the 300% potential upside return 5 years from now on most stocks on the NSE greatly outweighs the stress of stop losses and miniscule gains of 5% by buying and selling now.. Especially in a bear market..

At 66bob and 5bob KQ and Safcon had no long term value in them so what would possess me to have bought at that level?? now they do have good value at 19 and 2.8 respectively..

Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Thursday, November 24, 2011 9:35 PM | Reason: Not specified
Sufficiently Philanga....thropic
#39 Posted : Thursday, November 24, 2011 9:34:44 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
simonmaina71@gmail.com wrote:
heheh...am not in the stock market to lose my hard earned money...am here to multiply it...cutting loses always keeps me in the game...accept small losses and admit you were wrong,then call it a bad day and move on...a wise person cuts losses short and lets profits run..a fool cuts profits and lets losses run.

Now, smart traders speculate on fundamentals. When u were buying Uchumi, had u looked at its fundamentals based on their latest accounts i.e PE ratio, Div yeild and stuff like that? Had u run your eye on the charts fro trends? Now, that's what smart investors do.
And Yes, smart people only cut losses as a last resort and after carefully analysing the above!
Anything short of this is gambling!
I wonder how long you've been in the market!
@SufficientlyP
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sparkly
#40 Posted : Friday, November 25, 2011 6:42:00 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
simonmaina71@gmail.com wrote:
Stop loss saves money...i remember when kq was at 66 and then it started droppin...i cut my losses at 55...where is it today?at 20 do you expect it to tripple any time soon?i cut my loses with safcom at sh 4...its now around 3 and a 33 percent rise is unlikely in the foreseeable future.


Depends on whether you are in the nse to make money or avoid losses. Keep on selling and you will avoid big losses. Smart investors are buying now or just waiting for the market to recover.
Life is short. Live passionately.
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