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Image Source: begginers-investing.com
Earlier we looked at the strategy of value investing in the stock market and how it works. Now we will explore speculative investing as a strategy for investing in the stock market.
Unlike value investors who buy shares on the basis of long-term growth and returns having evaluated the share and business, speculative investors buy a stock anticipating that its price will go up within a short time or that? it is about to pay out good dividends. For example, using the PesaPortfolio we purchased shares in NIC Bank one month before their rights issue was to begin in anticipation that the share?s price would rise because of investor interest from the rights issue.
Speculative investing is associated with higher risk than value investing as a stock?s price may not rise as anticipated or could rise then drop suddenly. Such stocks whose price is prone to sudden spikes or dips are known as speculative stocks.?? A principle of speculative investing in stocks is technical analysis. This is analyzing the past price or volume fluctuations of a share in order to determine whether to buy it or not. Technical analysis is purely market based meaning it only examines a share?s market data without taking into account aspects of the business.
The underlying principle behind speculative investing is speculation?(obviously)? carrying out risky financial transactions with the aim to profit in the short-term from the fluctuations in the market value of a good or financial instrument. Speculation is not limited to stock markets, and happens in other markets e.g. Kenya?s land and housing markets. The common symptom of speculation is that prices of the good(s) under speculation rise within a relatively short period.
In the Kenyan stock market, occurrences such as the release of earnings, dividend announcements, re-branding exercises and changes in management? often coincide with rising stock prices as speculative investors respond to these occurrences.
American economist Benjamin Graham, co-author of the book Security Analysis published in 1934 and considered to be the bible for serious stock investors, listed the types of speculative investments in the stock market:
?Speculative Investing in the Kenyan Stock Market
There is a general consensus that most investors in the Kenyan stock market are speculative investors seeking short-to-medium term capital gains and dividends from their shares. Before disappointment from the Safaricom IPO in 2008 and the collapse of a handful of stock brokers dampened local investor interest in the stock market, the NSE was rife with speculative investment.
As more and more Kenyans put their money in the stock market to experience short term capital gains on the back of the successful Kengen IPO in 2006, stock prices rose carrying the NSE 20 Share Index to an all time high of 6,000 points in 2007. Today this index is at 3,809.78 points. When stock prices ceased rising after the 2007 general elections, Kenyan investors left the stock market as the opportunity for short-term capital gains diminished. A report by the Capital Markets Authority (CMA) has revealed that the holding of shares by local investors at the bourse has fallen to 69.5 percent from 78.1 percent two years ago.
Advantages of Speculative Stock Investing
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Laurier coaches to participate in Go Shoeless
WATERLOO, Ont. (September 28, 2012) - This weekend, three Wilfrid Laurier Golden Hawks coaching staffs will be participating in Right To Play's Go Shoeless campaign, which is being run in conjunction with CBC's Sports Day in Canada.
Football head coach Gary Jeffries and his staff along with women's lacrosse head coach Lynn Orth and women's rugby's Amy Bambury and Michelle Joslin will all take part in the event by not wearing shoes on the sidelines and sporting Right To Play hats.?The goals of this unique campaign are to pay tribute to the importance of coaches, to raise awareness about the conditions that some coaches and children endure while exercising their right to play and to raise funds to help build a safe play space for kids in Western Africa.
ABOUT RIGHT TO PLAY
Right To Play is a global organization that uses the transformative power of play to educate and empower children facing adversity in more than 20 countries. A pioneer in its field, Right To Play uses sport and play as tools to build essential life skills and create social change, impacting 835,000 children each week. Programming in Canada includes the enhancement of education in priority schools, and the Promoting Life-skills in Aboriginal Youth (PLAY) program in Northern Ontario. Founded in 2000 by four-time Olympic gold medalist and social entrepreneur Johann Olav Koss, our programs are facilitated by nearly 12,000 volunteer Coaches.
Source: http://www.laurierathletics.com/createarticle.php?ID=6154
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Panama's legislature has approved a draconian file sharing law that gives law enforcements free hand to pursue and punish file sharers directly, and grants officials bonuses based on fines levied.
?Proyecto 510-2012 ?On Copyright and Related Rights,? or the 510 Bill, which legal watchdog InfoJustice calls "incredibly unbalanced," was passed in the Panamanian Congress Thursday. It is now awaiting the approval of President Ricardo Martinelli, which could happen in the immediate future.
The bill, which Andres Guadamuz at tech-law blog TechnoLlama called the "worst copyright law in history," was written by Panamanian officials in order to bring the country's Internet regulations into accordance with the US-Panama Trade Promotion Agreement ? but overshoots many of the requirements it's meant to fulfill.
For example, it ascribes copyrighted status to temporary electronic files, like those held in a computer's random access memory (commonly known as RAM). According to InfoJustice, the 510 Bill is unique among national Internet laws in that it does not contain provisions for these so-called "transient" and "incidental" files. This means that users who stream paid-for content through services like Netflix or Pandora could be prosecuted and fined as much as $100,000, or $200,000 for repeat offenders, for having copyrighted material on their computers.
It also gives law enforcement officers incentives to punish file sharers ? over and over, if they see fit ? as the money collected from the fines goes directly to the Panamanian copyright office's bonus pool, with the copyright holder not seeing a dime. ?The funds accrued by the General Copyright Directorate from the fees for the services it provides and the fines imposed in the exercise of its powers, will be aimed at improving its operational infrastructure and to boost the performance of its officers," the law reads.
However, the file sharer could still be liable to civil action should the copyright holder wish to file for it. And if convicted in either case, file sharers could be forced to pay for the publication of a press release noting that they've been fined for piracy.
Source: http://rt.com/news/panama-copyright-law-piracy-168/
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This article is part of our series for?Social Media Week London. Read all the posts in this series.
During Social Media Week, there is bound to be a lot of matchmaking going on between employers and job seekers. In London?where I am now?there are a few networking events and even a few seminars dedicated to helping people break into the industry.
But if you?re on the other side of the fence?looking to hire a community manager?read this first.
Many businesses know the buzz words or the basic functions of the role, but don?t have clarity as to what they actually need or what a community manager does beyond tweeting and posting.
At its most basic, a community manager?s job is to drive visibility and engagement of a brand via social media channels. At the tactical level, this means managing several streams of content on a variety of different platforms. They have to be careful to position their company in the best possible light while being responsive to all kinds of comments, questions, and yes, at times, rage?all on (very) public forums. All while projecting an approachable, knowledgeable, and genuine brand personality. Oh, and they often have to limit the space in which they have to do this down to the character.
Community managers also have to source and create consistent, reliable streams of content that are relevant to both the business and their audience for all of these channels. And each channel has its own rules, limitations, etiquette, and best practices.
A community manager should have an excellent handle on engagement and visibility metrics. They need to be able to gauge the effectiveness of both individual pieces of content as well as the program as a whole. If your community manager has some marketing operations background, they may be adept at integrating these social-specific metrics with marketing campaigns and programs focused on customer acquisition and conversion.
As most people in the industry will tell you, very few brands actually have large teams of community managers at the ready. Often it?s one person internally (occasionally with the help of an agency) who?s trying to keep their head above water doing all the content, customer service, reporting, strategy, operations, thought leadership, and whatever else the organization needs in terms of social media marketing.
In short, to be a community manager you have to be a bit masochistic in addition to being passionate and slightly nerdy about the ever-changing technology landscape, get excited about connecting to people and starting conversations, and have a healthy dose of competitive drive.
But all those characteristics can quickly lead to burnout as well. When you?re planning to hire a community manager, make sure you create a contingency plan. A community manager will get sick, take a holiday, or need to unplug a bit just like everyone else. Your company needs to have a backup plan to make sure your community manager isn?t a walking zombie after three months on the job.
Community managers also have to be quick-witted enough to capitalize on opportunities as they arise. The window of social media opportunity lasts about as long as a Kardashian marriage. News stories and memes become pass? at an extraordinarily fast rate. It?s an extraordinary balancing act: chime in too early, and your audience may not have a clue what you?re referencing; chime in too late and your brand may seem rather uncool.
In addition, having excellent relationships with internal business partners is key. Why? Community managers will field a wide range of questions from best practices, to support, to sales, to PR. They have to know either what the right answer is or know where to find it quickly.
However, most often a community manager?s role extends far beyond this description. Sometimes this is out of necessity because many companies (especially small and medium sized businesses) don?t have social media-specific roles beyond this title. Other times community managers started off in other specialties?content creation, marketing, and PR are probably the most common. Think about where the community manager will sit in your organization?and what other needs you might have. Don?t have enough people writing content for your blog? Choose someone who can help fill in there as well.
Even if your organization has a social strategist or director, hiring someone who has skills in a variety of areas makes good sense. Social is cross-functional by nature and intersects with almost every area of the business. For example, a background in SEO is very helpful, as are experience in other technical areas such as photo and video editing and even some light coding skills (hello custom Facebook apps).
Also, if your company doesn?t have a digital strategist or a marketing manager who truly understands how to use social for programs and campaigns that drive business, the burden of social business integration might fall to this person as well. Or at least it is often this person banging the drum. Ideally, social should already be integrated into all areas of business. But practically speaking, this level of change management hasn?t occurred at most businesses both large and small.
What about you? What?s on your community manager wish list? Let us know in the comments below!
Constant Contact?s Social Media Week London event on Thursday is sold out, but you can watch via this livestream link.
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If Google-lovin' Koreans were a little jealous after seeing Eric Schmidt turn up in Japan with a Nexus 7-shaped gift under his arm, they needn't be. It looks like the Executive Chairman brought another one along with him on his Asian travels. It wasn't just the hardware that came along for the ride either, with The Next Web reporting that the firm also made movies available in the countries edition of Google Play. The Korean asking price will be a reported KRW 299,000 (about $267) for the 16GB edition, a smidgen less than its neighbor's (¥19,800 / $312). We suspect, though, not quite enough to warrant a ferry ride.
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Nexus 7 comes to South Korea, causes price envy across the water originally appeared on Engadget on Thu, 27 Sep 2012 11:17:00 EDT. Please see our terms for use of feeds.
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