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The current bout of profit taking an opportunity
guru267
#1 Posted : Monday, November 15, 2010 6:29:37 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The market has been going through a serious bout of profit taking since the index touched 4,701...

I think this will continue until the end of the year and I believe it presents a perfect opportunity for guys to get into bargain counters again...

A few i've identified going through massive profit taking and ripe for investment are:
1. KQ(VERY STRONG BUY)
2. KPLC
3. Kakuzi(guys who bought at 19-30 are still selling)
4. KCB
5. DTBK(MOVING VERY SLOWLY)

Just to mention a few.

But please don't see the coming blood bath as a chance to panic sell.. Just shut off the ticker and go play golf
Mark 12:29
Deuteronomy 4:16
2012
#2 Posted : Monday, November 15, 2010 6:31:44 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Hata KPLC?

BBI will solve it
:)
guru267
#3 Posted : Monday, November 15, 2010 6:44:14 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
Hata KPLC?


hata KPLC.. All the fund managers who bought the shares at a lower price than the rights will be (between 100-145) are selling like mad so that they can re enter or move on to something else... I know this because I was one of the sellers at 240... But its pure profit taking...

Believe me as a fund manager being on one of the world's best performing markets (NSE) i would definitely want to lock in my profits and show off to my boss
Mark 12:29
Deuteronomy 4:16
the deal
#4 Posted : Monday, November 15, 2010 7:27:21 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
on some of this counters there is nothing to profit take i.e KQ,AK,MSC,KCB,SCOM e.t.c it's just retail investors panic selling.
guru267
#5 Posted : Monday, November 15, 2010 7:40:12 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@the deal KQ is being sold off by institutions who bought at a much lower price not retail investors....

KCB is just going through a demand vaccum

The rest you have mentioned are being RIGHTFULLY sold
Mark 12:29
Deuteronomy 4:16
sheep
#6 Posted : Monday, November 15, 2010 8:37:43 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
Im convinced beyond the shadow of a doubt that this sucker is going up to 5000pts by dec-mid next yr...remember to be 50-70% or more in cash by then to take advantage of the likely 30-50% plunge...I believe the old dog will play the same old trick...but dont expect to see 2008 low levels ever again unless politicians incite genocides in 2012.
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.
the deal
#7 Posted : Monday, November 15, 2010 11:06:07 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
if this blood shed continues for another month we are all set for a chrismas of sikuma and ugali instead of chicken and rice...one of the disadvantages of being a retail investor is u are always at the mercy of insititutions...
The Merchant
#8 Posted : Tuesday, November 16, 2010 9:28:26 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
the deal wrote:
if this blood shed continues for another month we are all set for a chrismas of sikuma and ugali instead of chicken and rice...one of the disadvantages of being a retail investor is u are always at the mercy of insititutions...

Yup! But if you have cash lying somewhere keep your eyes open for the opportunities. I bet you have made some profit in some of your counters. Maybe you can sell them and wait for them to be sold even more before you restock. However be careful there may actually be no pullback just a minor correction and if you sell you made not be able to afford the same stocks again. Tricky scenario this one. I suggest having a mixture of stocks and cash for now just to balance all scenarios.d'oh!
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