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mini correction in the offing
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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for the last one and so most shares of companies registered some gains of up to 50%. With financials results already factored in there shares, i feel a correction is imminent as next set of results come on january. Please prepare for cash.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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bartum wrote:for the last one and so most shares of companies registered some gains of up to 50%. With financials results already factored in there shares, i feel a correction is imminent as next set of results come on january. Please prepare for cash. There are specific shares that rose significantly during this period but we still have some that have lagards. I expect Coop, Equity, EABL to get some hits while others will seesaw
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The market is still cheap on a forward PE basis...but its also worth noting that most of this earnings are from a low base to me the real test will be 2011...that's when the wheel will come off especially on counters such as SCAN,EABL & Bamburi...
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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LOL... 2011 is going to be tough coz the 'cheap' buys might be going, going, gone... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Maybe 2011 will bring with it new listings GOD BLESS YOUR LIFE
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I also see one especially at these levels profit takers who are not doing well in other markets may decide to take some from the NSE but I dont think all stocks have run their course... For example the financials and industrials are looking rich but the agriculturals are atill looking juicy... I give agriculturals (kakuzi) my recommendation as a fully invested shareholder in the company...  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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youcan'tstopusnow wrote:Maybe 2011 will bring with it new listings Ja CFC insurance the spin off from CFCStanbic...
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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the deal wrote:youcan'tstopusnow wrote:Maybe 2011 will bring with it new listings Ja CFC insurance the spin off from CFCStanbic... When is the spin off coming? It has taken forever!
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Rank: Veteran You have been a member since:: 7/24/2008 Posts: 781
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The Feds are the ones to decide..if they go on with QE..stocks will most likely rally,though its not a given. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: New-farer Joined: 10/31/2010 Posts: 11 Location: nairobi
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sheep wrote:The Feds are the ones to decide..if they go on with QE..stocks will most likely rally,though its not a given. Sheep, I personally think its the craziest thing in the world to spit out bank notes , stinks like some African dictator panicking from an economy running out of control..or trying to buy his son a new jet. But who can argue with Bernanke. "Individuals who cannot master their emotions are ill-suited to profit from the investment process."
Benjamin Graham
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Key point to watch is 4500 of the NSE 20 it's proving to be a huge pillar of support...if we break that then a mini bear is upon us...4700 is the key resistance at the moment.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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The mid month effect has taken its toll on the NSE with most stocks flat as at mid morning, SCOM down to 4.50, Kengen had gone below 16, and generally with most stocks supply overwhelming demand. Truly at this time Cash is King! I'm not seeing the profit taking proceeding for long, the mkt is due for a turnaround any time! @SufficientlyP
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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the deal wrote:Maybe its underway... with the stagnating of the prices as it is now. i guess it is here with us already. 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: 7/21/2010 Posts: 6,192 Location: nairobi
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Ngai,ngai,ngai !! The nse meltdown is the right name here and not a mini-correction...if this trend continues we could land below 4000 before xmas. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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mlennyma wrote:Ngai,ngai,ngai !! The nse meltdown is the right name here and not a mini-correction...if this trend continues we could land below 4000 before xmas. That's the spirit mlennyma. Spread the panic, the NSE is crashing (*100). You will really help many of us who have been wanting to buy into some counters. How about some predictions?: 1. KQ to hit 35 by Dec 15; 2. Equity Bank to slump to 24 by Dec 1; 3. KPLC to trade close to its rights price of 150 by Nov 29. etc, etc.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mwanahisa wrote:mlennyma wrote:Ngai,ngai,ngai !! The nse meltdown is the right name here and not a mini-correction...if this trend continues we could land below 4000 before xmas. That's the spirit mlennyma. Spread the panic, the NSE is crashing (*100). You will really help many of us who have been wanting to buy into some counters. How about some predictions?: 1. KQ to hit 35 by Dec 15; 2. Equity Bank to slump to 24 by Dec 1; 3. KPLC to trade close to its rights price of 150 by Nov 29. etc, etc. for KPLC it is a special counter because of the activity involved. ever heard of a conversion cum rights come split coming rights issue.you wait for a lower price from this week's and you will regret. 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: 7/21/2010 Posts: 6,192 Location: nairobi
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Just a matter of time kplc will crash to 150's "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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mlennyma wrote:Just a matter of time kplc will crash to 150's All the best if that's what you're waiting for. My advice, buy now or forever hold your peace. I'm sure the rebranding that will come soon after will give this counter the attention it deserves and there'll be no looking back.
BBI will solve it :)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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This is just a mini correction the market will turn up we just need to scratch the 4500 mark...no need for panic...
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mini correction in the offing
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