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mumias sugar results-560% growth half year-unaudited
cnn
#81 Posted : Tuesday, February 09, 2010 11:39:30 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
i sold half of my holdings @11.50,and was waiting to pick more from fellow profit takers at below 10.As people digest the sweet sugar story i cant help but wonder whether it will be in vain.
guru267
#82 Posted : Tuesday, February 09, 2010 1:30:22 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@cnn how much did you buy the ones you sold??
because it doesnt make any sense how you would sell half at 11.5 and then want to re enter at below 10 unless its about the same price you bought the ones you sold
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#83 Posted : Tuesday, February 09, 2010 1:39:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@guru - What are you drinking? It is simple...

@cnn sold at 11.50 & is hoping the price drops to 10/- (like I sold Safaricom @ 6.05 - I was lucky!!! - and hope to buy in at 5/-

What @cnn & I want may NOT happen but who knows?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
cnn
#84 Posted : Tuesday, February 09, 2010 4:43:15 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
@guru 267,my average buying price was 7.10,for 90,000 shares that gave me 55% return on the lot sold @11.50.I was of the opinion supply would drive the price below 10 and a 10% gain from that point would give me a target of about 11.50 again.If i cant get it this week,i can still get into the other counters i have been buying,Kenya re,kenol and i would not mind more KQ especially at below 50.
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