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How to tell NSE has bottomed out
ecstacy
#11 Posted : Thursday, July 14, 2011 9:19:42 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
once a President elect is declared following a peaceful 2012 run-off...

meanwhile double digit inflation, slowed economic growth, lower tax collected & company earnings, Eurozone crisis, weak KSH, ICC indictments, succession politics, famine etc will continue to rear its ugly head on the NSE.
maka
#12 Posted : Thursday, July 14, 2011 9:38:55 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
When the number of new lows starts reducing...
possunt quia posse videntur
Sober
#13 Posted : Thursday, July 14, 2011 9:39:37 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I get worried when the market goes on a ten-day consecutive losing streak.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
FUNKY
#14 Posted : Thursday, July 14, 2011 9:48:59 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ Sober - Let the half year results start flowing in and we will see the market roaring again.
Aguytrying
#15 Posted : Thursday, July 14, 2011 11:33:20 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I'm invested, but i love what is happening to the n.s.e. Why? Its an opportunity to buy, and by 2013, which ever way elections go the market will recover. Like last time, besides, i'm rather optimistic of a peaceful election.
The investor's chief problem - and even his worst enemy - is likely to be himself
mwanahisa
#16 Posted : Thursday, July 14, 2011 1:01:40 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Today I have placed a major bet on a turnaround in the market. My first tranche of funds was deployed as follows:

1.KK @ 10.50
2.Equity Bank @ 23
3.CoopBank @ 14.90
4.East African Cables - between 11.50 & 11.90

The last is purely speculative on account of improved results and the TCL listing. As for the others, I believe they are good counters which have been oversold on account of market pessimism.

Now I wait to see whether this was a foolhardy or an inspired decision.
dunkang
#17 Posted : Thursday, July 14, 2011 1:23:53 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mwanahisa wrote:
Today I have placed a major bet on a turnaround in the market. My first tranche of funds was deployed as follows:

1.KK @ 10.50
2.Equity Bank @ 23
3.CoopBank @ 14.90
4.East African Cables - between 11.50 & 11.90

The last is purely speculative on account of improved results and the TCL listing. As for the others, I believe they are good counters which have been oversold on account of market pessimism.

Now I wait to see whether this was a foolhardy or an inspired decision.


I always envy Carbacid (i don't know why), i am also buying more of safcon (but stepwise i.e. weekly).

Now, am never a fan of banks and insurance sectors neither am i in agrics.

For me, services and industrial are my stocks!
Receive with simplicity everything that happens to you.” ― Rashi

FUNKY
#18 Posted : Thursday, July 14, 2011 1:27:58 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Carbacid at 111/- today i consider it very cheap. It's a really good buy right now.
dunkang
#19 Posted : Thursday, July 14, 2011 1:42:10 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
FUNKY wrote:
Carbacid at 111/- today i consider it very cheap. It's a really good buy right now.


Actually, someone has just scooped it at 110. I tried 3 times to pick it at 121 (4weeks ago) but zote i missed. Labda ni mungu hataki au ananiwekea ninyakue zikiwa 100.

Just like Kapchorua, i scooped it at 103, now its at 133, but they are difficult to sell, those agrics are bad! They need to be bought in hundreds not thousands!
Receive with simplicity everything that happens to you.” ― Rashi

FUNKY
#20 Posted : Thursday, July 14, 2011 1:48:32 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
hahaha dunkang...right..some agri shares need to be bought in hundreds only...
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