2012, knowing you, you definitely plan to jump in sometime. What's your price? Bei ya mandazi? (5/=)

Even after a prisoner has reformed,the larger society thinks he is a thief,its not about value but convincing the buyers you are not the man of yesterday.

@thanks selah,i cant put it better than that.

Here is my strategy to avoid getting burnt while investing 200k in uchumi and still make gains like I am currently doing...

Ive bought 4000shares @ 11
If/when the share falls to 8 ill buy 8000 shares bringing the average to 9.1(incase this is the bottom it might rally back to 12)...
If/when the share falls to 5 ill get 16000 shares and sit and wait because below 5 it is priced for liquidation which I do not see happening..

Total investment during the share price crash=28,000 shares @ 191,948kshs including commission at an average price of 6.85...

At 14 bob they would be worth 383,768 exactly 100% returns using averaging down strategy..

If I had invested 200k @ 11 bob returns would be 24% and ulcers during the crash...

And if I were to hold my breath for 5bob the returns would be 168% at 24 bob...

The reason for choosing this path and not just investing all of it at 5bob is because I cannot tell the future and therefore cannot tell if the stock will hit 5 bob or not but even if it does ill also be there to enjoy the ride up with my strategy of averaging down

Patience my dear, with a little patience you would have gotten yourself 28,000 shares at 7/-! Myself, I'll wait for it at the bottom of the slide.

Why the caution??..simple,you dont have faith with the company.

@2012 this stock just might fall to 7 but you cant know for sure... What if it starts a rally back to 15 bob tomorrow ?? Then you'll be crying with cash and 11 would look like a steal...

Bottom picking is not wise with a volatile share like uchumi still finding its footing... Ive heard all sorts of predictions from 28bob to 5bob.... Right now its at 9.9.. Do you know if it will be up or down tomorrow?? Im thinking that cautious consistent buying would be better to take advantage of relief rallies in the share price...

@guru, this is not one of the counters that would make me get sleepless nights or regrets, it would be a purely speculative counter for me even @5/-. I would consider getting in at 7/- and not any higher. To me Uchumi is another Access or Sameer and I'm sure that's what Mr. Merali thought when he got in before the.....

@guru, do you have counters that you would not take seriously?

And by the way....... I understand that Walmart is keen on the Kenyan market after successful entry in South Africa.

May be... may be.. they may buy Uchumi. We never know

@2012.. I hate access, olympia, eveready, safaricom, sameer, kenya re... These penny stocks sicken mez