@SPT, I am like a kid in a candy shop. I expected to buy little by little all the way through March, but at the rate I started today, my money wont last long. I can only be able to buy for 2 or 3 more sessions, but then I can sell off some of my blue chips!!!

There is always tomorrow. As someone has pointed out elsewhere, today the NSE may be down by over 100 points with the NSE falling below the key 4,000 points mark!!!

Finally did that by dropping like a dead bird down 113.88 points to close at 3915.01

what a ride down. I rushed to the brokers to put in cash for bargain hunting from end of next week. Tomorrow the index will be down maybe 60 points.

I really dnt understand some of you guyz. The index just closed below the 4000 mark and some of you are buyin stocks .in the name of bargain hunting... surely !!!!!!!!!!!!! this index has some more falling to do . so you better just sit on cash intil a better time to buy comes up...
Please dnt throw away money in the name of investing....

Looks like I bought your KenRe. Got about 20K at an average price of 9.20. I trust this purchase will not prove to be one of those I will forever curse, but I will "eat" my 50 cents dividend, while I await a BLACK (just couldn't bring myself to say White) knight to rescue this dog of a share.

that statement is very careless statement from a serious investor like you....Okay then you go ahead and buy NOW. Maybe some of us will learn from your mistake...
Just because prices hare low doesnot mewan that they cannot get any lower....
I donot know what the rush is for.

WOW !!!!!!!!!!! where the heck is this dude now.....He was very right about Access Kenya .....BUT about making money by feb-march..........uuuuuuuhhhhhh!!!!!!!!!! No No not really.

@QW, I never said that prices cannot get any lower and most likely they will fall further especially after the drop of the index below 4,000. Nonetheless, the reality is that assuming companies can at least maintain their 2010 level of earnings then current valuations FOR MANY COMPANIES are not stretched.

Should I wait before buying the likes of KCB @ 21.25,KPLC @ 20 AND KenRe @ 9.20? Maybe, but as we never know WHEN AND AT WHAT PRICES these stocks are going to bottom out, my view is that indeed I should start buying them now and buy progressively more as the prices fall. Note all these shares have low P/B & Low PE ratios and high profit growth (except for KenRe which however is trading at at 60% of its 2009 NAV) and high dividend yields. So if they bomb, I will at least have some dividends to keep me going while I wait for the upturn.

On the other hand, I sold HFCK at a price of 29.50-30, Equity Bank @ 28.75 - 29 and MSC at 12 - 14.50. Why should I not start buying back these shares at levels where they are at least 20% lower (in the case of Equity) or upto 50% in the case of MSC whereas company fundamentals have not changed markedly for the worse? Admittedly the overall environment may have changed but the market is fickle and can change for the better just as easily as it plunges downwards.

I am just emphasizing that I appreciate the risk that I am taking and I am ready to pay the consequences. If indeed my stance backfires then indeed you will learn from my mistakes. DISCLAIMER: THIS IS A RISKY STRATEGY AND MAY NOT BE SUITABLE FOR ALL INVESTORS WHO MAY HAVE NO FALLBACK OPTIONS.

@r&r. I think it all depends on the stance one takes on their stock portfolio. If one manages their portfolio actively, you will see that you could have profited by NOT SELLING when YBC urged all to throw caution to the wind and SELL. I will demonstrate that you could have sold at different times and prices from what YBC suggested and made money. Read on:



CONCLUSION: YBC was essentially right on 2 of his 8 sells. As a passive investor, following his advice would have saved you from losses on KenGen and Access Kenya. However, if you are a keen reader of Wazua you would most likely have jumped ship from a "no hoper" stock like Access Kenya well before it got to today's level. I also suspect that AK is a very small part of the portfolios of those who have it. You might also have possibly exited KenGen at a higher price than that seen today. BOTTOMLINE is to be more nimble in your investing approach not necessarily to follow advice from such folks as YBC and myself.