Wazua
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NSE down AGAIN!!
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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This is the tenth time this year and counting Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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guru267 wrote:This is the tenth time this year and counting .......And the tenth time we are being offered a chance to re-enter the market. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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My favourite counters are not giving me a chance, i have to change my strategy and so should everyone. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sober wrote:My favourite counters are not giving me a chance, i have to change my strategy and so should everyone. @sober i'm curious to know which those are???? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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guru267 wrote:This is the tenth time this year and counting And from next year I hear they want to be running brokers back offices. Will this mean the whole industry would be down simultaneously? Would be equal to CBK choosing to provide same banking software for all banks.
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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A novel idea or not. Read more: http://www.capitalfm.co....rt-Day-Trading-4771.html“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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I got off the scangroup bus at 42 thinking it had hit the peak, now am ogling at it as it soars towards the dollar exchange range region. KPlc stagnated for too long and i offloaded some when it clocked 200. I have never had a chance to bag more of them. Other favourites; kcb, TOtal kenya and cfc African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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Dont worry much the NSE is just taking a cue from the world international stock exchange which was on average down by 1% due to pessimisms from the US data on jobs and housing uptake. "A bad decision made now is beta that a good one made later!!"
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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underweight wrote:Dont worry much the NSE is just ticking a cue from the world international stock exchange which was on average down by 1% due to pessimisms from the US data on jobs and housing uptake. I can see a larger sell off coming soon. Most of the global markets retraced 61.8% (as per fibonacci retrace measurement) of the losses from the May lows (infamous flash crash and euro debt crisis scare). I don't think the markets have yet priced in the negative US econ data and a real euro debt default scenario. When this reality hits home, expect these markets to break below the May lows. In down trending markets, the 61.8% and 78.2% retracements always offer stiff reversal resistance. And failure at these levels confirms down trend is intact. I've also been stating about the low bullish volume across these global markets.
NSE too is experiencing low bullish volume and even the expected sweetened 3Q bank results are not bringing out the best in bullish volumes. I'm reading a lot of mixed signals here since the referendum. Iko shida gani.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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@hisah, I conquer with you. I expect a massive sell off beginning mid this month when the reality will hit the market. At the moment am adopting a wait and see approach as I contemplate on what to off load first. "A bad decision made now is beta that a good one made later!!"
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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underweight wrote:@hisah, I conquer with you. I expect a massive sell off beginning mid this month when the reality will hit the market. At the moment am adopting a wait and see approach as I contemplate on what to off load first. @underweight massive selloff??? On the NSE??? We must be trading on different markets... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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The nse examination questions are known to everybody i dont know why we all dont pass with flying colours...and the questions are...when do i get in?...when do i get out?....but is it easy to answer? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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End of the september fund manager buying frenzy. Sasa mambo pole pole Life is short. Live passionately.
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Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
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@guru267, indirectly NSE will follow the trend. But I meant in the International stock exchange. Just look at the pre-market trades and that will give you a beta picture. Remember just before the crisis wat happenned? Pump and dump strategy was adopted. I may be wrong though but lets give it a week and half. "A bad decision made now is beta that a good one made later!!"
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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underweight wrote:@guru267, indirectly NSE will follow the trend. But I meant in the International stock exchange. Just look at the pre-market trades and that will give you a beta picture. Remember just before the crisis wat happenned? Pump and dump strategy was adopted. I may be wrong though but lets give it a week and half. @Underweight where does money flow to when US and Europe start to falter??? You guessed it... Emerging markets including kenya.... We've posted a 5.4% increase in G.D.P so far compared to 0.9% last year.... No way the NSE will follow the trend and if it does i have cash waiting for the counters..... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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American markets are up sharply today!! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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underweight wrote:@hisah, I conquer with you. I expect a massive sell off beginning mid this month when the reality will hit the market. At the moment am adopting a wait and see approach as I contemplate on what to off load first. @underweight, I will be CONQUERING you and hisah. Meanwhile as you sell, perhaps you would be kind enough to let know what you are selling. Who knows, I may just CONCUR with some of your picks on the sell side. We may have a short-term correction between now and the end of year, but I believe the long term uptrend is still intact. We can wait it out until January when the NSE will explode ABOVE 5,000 points. @hisah, At the beginning of September, you were predicting a bearish picture for the International markets. Well, we have all seen what has happened - the best September in aeons. This could reverse in October but the point is none of our projections are infallible. @underweight. Is your username anything to do with a natural predisposition to be bearish?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwanahisa wrote:underweight wrote:@hisah, I conquer with you. I expect a massive sell off beginning mid this month when the reality will hit the market. At the moment am adopting a wait and see approach as I contemplate on what to off load first. @underweight, I will be CONQUERING against you and hisah. Meanwhile as you sell, perhaps you would be kind enough to let know what you are selling. Who knows, I may just CONCUR with some of your picks on the sell side. We may have a short-term correction between now and the end of year, but I believe the long term uptrend is still intact. We can wait it out until January when the NSE will explode ABOVE 5,000 points. @hisah, At the beginning of September, you were predicting a bearish picture for the International markets. Well, we have all seen what has happened - the best September in aeons. This could reverse in October but the point is none of our projections are infallible. @underweight. Is your username anything to do with a natural predisposition to be bearish? It's a suckers rally and I'll stick with it because none of the fundamentals have changed in US or Europe. Until they do, I remain bearish.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:mwanahisa wrote:underweight wrote:@hisah, I conquer with you. I expect a massive sell off beginning mid this month when the reality will hit the market. At the moment am adopting a wait and see approach as I contemplate on what to off load first. @underweight, I will be CONQUERING against you and hisah. Meanwhile as you sell, perhaps you would be kind enough to let know what you are selling. Who knows, I may just CONCUR with some of your picks on the sell side. We may have a short-term correction between now and the end of year, but I believe the long term uptrend is still intact. We can wait it out until January when the NSE will explode ABOVE 5,000 points. @hisah, At the beginning of September, you were predicting a bearish picture for the International markets. Well, we have all seen what has happened - the best September in aeons. This could reverse in October but the point is none of our projections are infallible. @underweight. Is your username anything to do with a natural predisposition to be bearish? It's a suckers rally and I'll stick with it because none of the fundamentals have changed in US or Europe. Until they do, I remain bearish. @hisah how does you being bearish on the US and European markets affect your sentiments on the NSE Mark 12:29
Deuteronomy 4:16
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NSE down AGAIN!!
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