the deal wrote:@heri not selling at 140 was a mistake...you doubled your money..you should have cashed inn even 50%...there is a huge possibility the stock might slide to Ksh70-80 range but Ksh60-70 is far fetched...this year is tough for the bank but I dont see a profit warning...the bank was growing very fast...but there were warning signs last year that the mommentum was grinding to a halt due to some constraints in some income lines like south sudan and the trading book...its a good stock for the long term though...i believe they belive they have a good business model...things will be fine...good thing you are not holding an overvalued stock...
@deal. Thanks. i am learning, i hope i will not repeat these mistakes in future. i just did not see the sharp turnaround in performance/growth coming that quickly and was not sure where else to put the money for better returns. But hopefully i have learnt my lesson. I have been trying longterm investing but i think it makes sense to sell at times even if it means buying the same stock later on
i think i will be more prudent and cautious going forward on all my shares even if it means making less money. But it is not good at all to almost lose all my gains which was 100% gain at some point
Yes am glad i am still not yet in loss territory theoretically