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Share prices to deep further in December
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simonkabz
#41 Posted : Friday, November 25, 2011 7:12:44 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
All these guys against stop loss have burnt their fingers lol! Why are they so against it? A smart investor watches his/her portfolio bleed to death? I also jumped out earlier on n Im a happy man...
TULIA.........UFUNZWE!
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simonkabz
#42 Posted : Friday, November 25, 2011 7:20:34 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
lovely2010 wrote:
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...

In the SK hey days, a discussion raged on the rationale of averaging down. The verdict? Its a dumb move. The conclusion was: at any one time, only buy the BEST counter.
TULIA.........UFUNZWE!
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Eric_Nyamu
#43 Posted : Friday, November 25, 2011 7:40:40 AM
Rank: New-farer

Joined: 10/6/2011
Posts: 84
simonkabz wrote:
lovely2010 wrote:
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...

In the SK hey days, a discussion raged on the rationale of averaging down. The verdict? Its a dumb move. The conclusion was: at any one time, only buy the BEST counter.



i also woundt sell ...basically you are making your broker rich and wasting your money . You ONLY average down when a stock you bought hasnt changed fundamentally but price wise as gone down...
you want to tell me i wount average down on kk at sub 7 ???
if you believe uchumi isnt worth more that 7 bob in the future just sell your lot..
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mkonomtupu
#44 Posted : Friday, November 25, 2011 8:36:27 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
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.


Uchumi AGM is today how about you make a point to attend and listen to Ciano's vision then sell me your shares
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the deal
#45 Posted : Friday, November 25, 2011 8:54:55 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
There is nothing wrong with @Simon's strategy he is a trader not a buy and hold guys, traders do not average down they cut losses and move on, traders bought Uchumi at 10 bob and sold at 13.50 while investors are still holding on for 20 bob which will happen or may never happen since tommorrow is never guaranteed.
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hisah
#46 Posted : Friday, November 25, 2011 12:44:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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GGK
#47 Posted : Friday, November 25, 2011 6:54:10 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
hisah wrote:
Hmmm... Maybe Wazua can introduce a traders corner to avoid the traders vs investors clash...


From this it looks like am a trading investor...
"..I am because we are. "― Ubuntu, Umtu,
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sparkly
#48 Posted : Friday, November 25, 2011 9:04:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
simonkabz wrote:
lovely2010 wrote:
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...

In the SK hey days, a discussion raged on the rationale of averaging down. The verdict? Its a dumb move. The conclusion was: at any one time, only buy the BEST counter.

averaging down is a fundamental based strategy. Averaging down a stock with weakening fundamentals is very dumb, rather accept your mistake, sell and look for a better one. If a good stock's price goes down, buy buy buy.

Averaging down and trading do not appear on the same page.
Life is short. Live passionately.
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jerry
#49 Posted : Friday, November 25, 2011 10:50:12 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Life is interesting coz we can look at it differently and still be happy. Unless my goal is to have a controlling stake in a co. I don't believe in averaging down. Stop loss is the way to go. Sold KCB @19.50, COOP @13.90 and BBK @12.80 I think. Waiting for Dec to enter again!
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Friday, November 25, 2011 10:53 PM | Reason: Not specified
Aguytrying
#50 Posted : Friday, November 25, 2011 11:14:08 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@simon. stop loss is justifiable. But not in this market. The next stock you enter will most likely do the same. This is not a traders market. When the market changes from its current state, then yes. Right now when you do the stop loss, don't buy anything else. What share can you buy now, and expect it to rally?
The investor's chief problem - and even his worst enemy - is likely to be himself
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