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3 Pages<123>
Alternative hypothesis:Only idiots make money on NSE
sqft
#21 Posted : Thursday, June 18, 2020 10:32:37 AM
Rank: Member


Joined: 1/10/2015
Posts: 643
Location: Kenya
Swenani wrote:
Swenani wrote:
I just placed an order for 3,100 @ 32 safcom shares. Expected cash outlay if the transaction goes through inclusive of charges will be kshs 101,503.20

#prayforidiots#

Trade went through at Kes 101,307.3 for 3,100 shares.

Current portfolio
Safcon-5,400
KCB-900

Cash outlay Khs 203,437 inclusive of IPO


Bought the following shares
KCB-4,200 shares at a total of KShs 152,078 inclusive of all related charges
KP-20,000 shares at a total of kshs 48,809,60 inclusive of all charges.

Current portfolio after today's trade
Safcom(LT)-5,400 at a total purchase price of 154,525.3
KCB(LT)-5,100 at kshs 200,989.97
KPLC(ST)-20,000 shares at kshs 48,809.60.

Current cash outlay is kshs 404,324.87 with a paper loss of approx 12K

Seems MM is right about this casino


Time to buy more and average down. The more you lose, the more you buy to average down. That is what the wazua investment gurus advice.
Exodus 20:17 Thou shall not covet thy neighbour's house, thou shall not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's.
Aguytrying
#22 Posted : Friday, June 19, 2020 11:55:01 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,032
Interesting thread, good experiment. I wish you succeed, but why not buy only when they are below certain valuations. To avoid buying when grossly overvalued.
The investor's chief problem - and even his worst enemy - is likely to be himself
Swenani
#23 Posted : Friday, June 19, 2020 12:10:26 PM
Rank: User


Joined: 8/15/2013
Posts: 13,159
Location: Vacuum
sqft wrote:
Swenani wrote:
Swenani wrote:
I just placed an order for 3,100 @ 32 safcom shares. Expected cash outlay if the transaction goes through inclusive of charges will be kshs 101,503.20

#prayforidiots#

Trade went through at Kes 101,307.3 for 3,100 shares.

Current portfolio
Safcon-5,400
KCB-900

Cash outlay Khs 203,437 inclusive of IPO


Bought the following shares
KCB-4,200 shares at a total of KShs 152,078 inclusive of all related charges
KP-20,000 shares at a total of kshs 48,809,60 inclusive of all charges.

Current portfolio after today's trade
Safcom(LT)-5,400 at a total purchase price of 154,525.3
KCB(LT)-5,100 at kshs 200,989.97
KPLC(ST)-20,000 shares at kshs 48,809.60.

Current cash outlay is kshs 404,324.87 with a paper loss of approx 12K

Seems MM is right about this casino


Time to buy more and average down. The more you lose, the more you buy to average down. That is what the wazua investment gurus advice.


That's exactly whatr I plan to do.

Watch me become a multi millionaire in less than a decade
If Obiero did it, Who Am I?
Swenani
#24 Posted : Friday, June 19, 2020 12:14:22 PM
Rank: User


Joined: 8/15/2013
Posts: 13,159
Location: Vacuum
Aguytrying wrote:
Interesting thread, good experiment. I wish you succeed, but why not buy only when they are below certain valuations. To avoid buying when grossly overvalued.


I hear everything is grossly undervalued on NSE upto 2022. I'll start reaping my benefits in 2025.

Watch and learn
If Obiero did it, Who Am I?
cyruskulei
#25 Posted : Friday, June 19, 2020 4:47:02 PM
Rank: Member


Joined: 3/9/2010
Posts: 269
Location: kenya
Swenani wrote:
Aguytrying wrote:
Interesting thread, good experiment. I wish you succeed, but why not buy only when they are below certain valuations. To avoid buying when grossly overvalued.


I hear everything is grossly undervalued on NSE upto 2022. I'll start reaping my benefits in 2025.

Watch and learn



I like this kind of long term thinking.

Assuming inflation or any other unknown for now factors arise. Including effects of covid.

Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Swenani
#26 Posted : Thursday, July 09, 2020 2:37:39 PM
Rank: User


Joined: 8/15/2013
Posts: 13,159
Location: Vacuum
I have a 100K, I'm thinking of deploying the stupid brilliant wazuan idea of averaging down on KPLC, Safcon and KCB.

@Mnandi, hio mkate yako ya Eliot inasema nini?
If Obiero did it, Who Am I?
snifadog
#27 Posted : Thursday, July 09, 2020 9:02:13 PM
Rank: Member


Joined: 6/6/2016
Posts: 145
Location: Nairobi
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin
VituVingiSana
#28 Posted : Thursday, July 09, 2020 10:02:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,169
Location: Nairobi
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
amorphous
#29 Posted : Friday, July 10, 2020 4:59:23 AM
Rank: Member


Joined: 5/15/2019
Posts: 371
Location: planet earth
Swenani wrote:
I have a 100K, I'm thinking of deploying the stupid brilliant wazuan idea of averaging down on KPLC, Safcon and KCB.

@Mnandi, hio mkate yako ya Eliot inasema nini?


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Emotions and ego are twin enemies of strategy
snifadog
#30 Posted : Friday, July 10, 2020 9:07:34 AM
Rank: Member


Joined: 6/6/2016
Posts: 145
Location: Nairobi
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
littledove
#31 Posted : Friday, July 10, 2020 9:27:19 AM
Rank: Member


Joined: 7/1/2014
Posts: 799
Location: sky
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly but atleast you are alive to tell the story
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
VituVingiSana
#32 Posted : Friday, July 10, 2020 9:32:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,169
Location: Nairobi
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
When did you buy KQ?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Swenani
#33 Posted : Friday, July 10, 2020 9:34:28 AM
Rank: User


Joined: 8/15/2013
Posts: 13,159
Location: Vacuum
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin


Hizo stocks ni vifaranga vya komputa. Siwes na siwes
If Obiero did it, Who Am I?
snifadog
#34 Posted : Friday, July 10, 2020 8:17:41 PM
Rank: Member


Joined: 6/6/2016
Posts: 145
Location: Nairobi
VituVingiSana wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
When did you buy KQ?


just after MJ was confirmed as the chairman.. small rally then it's been downhill since. alas
sparkly
#35 Posted : Friday, July 10, 2020 10:09:06 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,874
Location: Enk are Nyirobi
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
When did you buy KQ?


just after MJ was confirmed as the chairman.. small rally then it's been downhill since. alas


Bitcoin is riskier than KQ
Life is short. Live passionately.
VituVingiSana
#36 Posted : Friday, July 10, 2020 11:00:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,169
Location: Nairobi
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
When did you buy KQ?


just after MJ was confirmed as the chairman.. small rally then it's been downhill since. alas
Pole sana. There were many Wazuans who said beware. It's a lesson learnt which will serve you well in the future.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
snifadog
#37 Posted : Saturday, July 11, 2020 10:43:09 AM
Rank: Member


Joined: 6/6/2016
Posts: 145
Location: Nairobi
sparkly wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
When did you buy KQ?


just after MJ was confirmed as the chairman.. small rally then it's been downhill since. alas


Bitcoin is riskier than KQ


Bitcoin has an upside. KQ does not. Put money you are OK to lose in bitcoin.
sparkly
#38 Posted : Saturday, July 11, 2020 2:43:26 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,874
Location: Enk are Nyirobi
snifadog wrote:
sparkly wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
VituVingiSana wrote:
snifadog wrote:
don't jump in a pond whose depth you don't know. NSE will swallow you. put that cash in bitcoin

And BTC will not?


wait for a pullback (which may never come) and board. NSE one foot wrong and any of these zombie stocks will swallow you. ( i was swallowed by kqueer)
When did you buy KQ?


just after MJ was confirmed as the chairman.. small rally then it's been downhill since. alas


Bitcoin is riskier than KQ


Bitcoin has an upside. KQ does not. Put money you are OK to lose in bitcoin.


I don't have such money. My investment motto is security of capital first.
Life is short. Live passionately.
Swenani
#39 Posted : Monday, August 03, 2020 2:22:05 PM
Rank: User


Joined: 8/15/2013
Posts: 13,159
Location: Vacuum
Proud to announce that Swenani current networth on NSE is Kes 359K from an initial capital investment of Kes 404K translating to a loss of Kes 44K.

Indeed this is a casino!
If Obiero did it, Who Am I?
Jon Jones
#40 Posted : Monday, August 03, 2020 2:38:41 PM
Rank: Member


Joined: 9/11/2015
Posts: 142
Location: Thika
Swenani wrote:
Proud to announce that Swenani current networth on NSE is Kes 359K from an initial capital investment of Kes 404K translating to a loss of Kes 44K.

Indeed this is a casino!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Since men have learned to shoot without missing, I have learned to fly without perching
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