Wazua
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Short term Stock pick
Rank: Member Joined: 7/11/2008 Posts: 21
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Hey wazuans,
I need some advice on a stock i can invest in for a short duration of time.I have 200k that ad like to invest for one month only so basically i want a good counter to speculate on.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Wacha kutupa pesa please. Ati 1 month? Mwenye pupa hadiriki kula tamu. Ungesema at least 1 year. Lets say your stock gains 5 percent in a month. Toa 4 p.c for commisions. Is 1 p.c worth it? Si afadhali t-bills? Of course your stock could jump by 10 percent, but it could also go down. GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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WAGUMA - you cannot take a risk of investing in stocks for one month. For you short term T bills are a good option,even the int rates on them have increased. Still if you want to invest in stocks you can take a risk with KenolKobil as it is on a upward trend now and they have already announced they are going to announce GOOD results on 27th July.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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"This is not a fish market, right!!" buy KCB.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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The price of KCB might not rise like KenolKobil in the short term. KCB is more of a long term buy.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Buy A.k i.e access kenya . And keep until next year. And u will reap big. * 3 of ur capital.
I am currently in accumulation mode on the stock.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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QW25071985 wrote:Buy A.k i.e access kenya . And keep until next year. And u will reap big. * 3 of ur capital.
I am currently in accumulation mode on the stock. Just wondering whether u read the question! @SufficientlyP
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Rank: Member Joined: 7/11/2008 Posts: 21
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Thanx people.The money is for a different project which is to take effect in August so i has hoping to make a gain on it rather than just keeping the cash in my account.
And with the rising inflation,its better to make some gains on your free cash since if you leave it idle for a while its value will have diminished.right?
I have KCB,BBK,ACCESS & Centum all for long term purposes.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Sufficiently Philanga....thropic wrote:QW25071985 wrote:Buy A.k i.e access kenya . And keep until next year. And u will reap big. * 3 of ur capital.
I am currently in accumulation mode on the stock. Just wondering whether u read the question! dnt tell me u think u cn make any gains in one month !! Came on man.u have been in the n.s.e for long to note that the minimum time period for holding a stock for meaningful gain is 9 months. I like a.k at 7.00 or anything lower. And i anticipate the return of the bull to place it to its rightful place at the 20's. The limited supply of float make it a nice speculative play.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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WAGUMA wrote:Hey wazuans,
I need some advice on a stock i can invest in for a short duration of time.I have 200k that ad like to invest for one month only so basically i want a good counter to speculate on.
I concur with the aforesaid comments. For a new entrant into the market it is easier to lose money than to make it and your one month duration may just not be enough. But I guess you are not a newbie, since you have clearly stated that you want to speculate - meaning you are ready to lose money! My advice - the Bank of Kigali would be worth a punt! It may be more than a month between entry and exit.
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Rank: Member Joined: 12/15/2010 Posts: 162
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Seconded Bank of Kigali advice. This could be a cash cow. However, note that it will start trading 29th of Aug
T Bill advice may not be very appealing for you. The shortest time you can put money in T Bills is 91 days and you will make peanuts. If you had participated in last action (27.06.2011), the return for your 200k would be 4,386 after 3 months (calculated at the Weighted Average Rate of accepted bids)
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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invest0r wrote:Seconded Bank of Kigali advice. This could be a cash cow. However, note that it will start trading 29th of Aug
T Bill advice may not be very appealing for you. The shortest time you can put money in T Bills is 91 days and you will make peanuts. If you had participated in last action (27.06.2011), the return for your 200k would be 4,386 after 3 months (calculated at the Weighted Average Rate of accepted bids) Could have sworn that the minimum to invest in t-Bills is 1 metre.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Why are we encouraging this guy to take this road of ruin?
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Rank: Member Joined: 12/15/2010 Posts: 162
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Gordon Gekko wrote:invest0r wrote:Seconded Bank of Kigali advice. This could be a cash cow. However, note that it will start trading 29th of Aug
T Bill advice may not be very appealing for you. The shortest time you can put money in T Bills is 91 days and you will make peanuts. If you had participated in last action (27.06.2011), the return for your 200k would be 4,386 after 3 months (calculated at the Weighted Average Rate of accepted bids) Could have sworn that the minimum to invest in t-Bills is 1 metre. True GG, although CBK can take 100K in T Bill auction, to make a meaningful gain in T Bills one needs more than 1m. And even with a 1m, there are better investment alternatives
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Rank: Member Joined: 7/11/2008 Posts: 21
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Av been studying the price movements of several counters in the past month and av realized that its a little bit tricky to get a good gain on them considering the fact that the transaction fees will eat up part of the capital gain.
I had in mind NMG,EABL,DTB & Equity.I might still speculate on them but al increase my duration.
@Gordon gekko & Invest0r,i agree on the T-bills.The rates are the best so far but i believe that there are better investment options.
If you have a loose 1million or more,try commercial papers...nakumatt is a good one tho aint sure if they still need money.
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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Time is a friend to the fundamentalist but a foe to the faddist - Warren Buffett Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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FUNKY wrote:The price of KCB might not rise like KenolKobil in the short term. KCB is more of a long term buy. KCB is almost a gauranteed safe-haven in the event that gains don't show in a month's time. H1s are due this month too.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Dear WAGUMA, I entered NSE to make a quick catch, 16 months later, am still waiting for profits, since i know if i press SELL today, i might as well commit suicide. Instead, i have now found myself buying and buying and buying. As you have been told, 'NSE is not a fish market'. BUY, wait, make profit, SELL. I have learnt the hard way, but am better off since i've not yet sold! Yours Sincerely, dunkang FOR: TRADERS FORCED TO INVEST (pty). Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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dunkang wrote:Dear WAGUMA,
I entered NSE to make a quick catch, 16 months later, am still waiting for profits, since i know if i press SELL today, i might as well commit suicide.
Instead, i have now found myself buying and buying and buying.
As you have been told, 'NSE is not a fish market'. BUY, wait, make profit, SELL.
I have learnt the hard way, but am better off since i've not yet sold!
Yours Sincerely,
dunkang
FOR: TRADERS FORCED TO INVEST (pty). @WAGUMA...Tafakari haya.
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Rank: Member Joined: 4/15/2008 Posts: 217
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WAGUMA wrote:Hey wazuans,
I need some advice on a stock i can invest in for a short duration of time.I have 200k that ad like to invest for one month only so basically i want a good counter to speculate on.
200k is good money to start with but just like a business, this is capital. Now, you need to learn NOT to SPECULATE with your capital but be a TRADER. It is impossible to speculate and consistently be a winner. Having said that prepare yourself for a loss, that 200k will get hit but you never really loose unless you get out, dont worry it will come back. the key is to learn the mkt and become a trader and not a speculator. Like someone here put it. THIS IS NOT A FISH MKT  Do it today! Tomorrow is promise to no-one.
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