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How to tell NSE has bottomed out
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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When you log into Wazua and intead of seeing: Users browsing this forum dunkang, Guest (63), innovator, Kaffir, KNM, Layman, liomungai, mycool you see: Users browsing this forum dunkang, Guest (3), innovator, Kaffir, KNM, Layman, liomungai, mycool GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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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. Well, T+1 after yesterday's purchases. I know its early days yet, but this is a quick review. Purchases 1,3 & 4 are ALL in the GREEN. Equity is stable.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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mwanahisa wrote: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. Well, T+1 after yesterday's purchases. I know its early days yet, but this is a quick review. Purchases 1,3 & 4 are ALL in the GREEN. Equity is stable. ever heard of a dead cat bounce. ???? that is what is happening now.i am banking on even lower prices....
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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youcan'tstopusnow wrote:When you log into Wazua and intead of seeing:
Users browsing this forum
dunkang, Guest (63), innovator, Kaffir, KNM, Layman, liomungai, mycool
you see:
Users browsing this forum
dunkang, Guest (3), innovator, Kaffir, KNM, Layman, liomungai, mycool and the point is ?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. @the deal i always run when there is a bear... It helps me to avoid panic selling... But i must say stocks are looking way to attractive at these levels... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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you'll know the market has bottomd when i start buying....lol.
mambo bado my friends. this is just a breather the market is having before more selling comes up..
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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guru267 wrote:the deal wrote:Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. @the deal i always run when there is a bear... It helps me to avoid panic selling... But i must say stocks are looking way to attractive at these levels... asin you dnt look at the closing prices or what ... 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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QW25071985 wrote:guru267 wrote:the deal wrote:Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. @the deal i always run when there is a bear... It helps me to avoid panic selling... But i must say stocks are looking way to attractive at these levels... asin you dnt look at the closing prices or what ... As in I forget Im an investor... But now that buying opportunity has arrived, I'm back!!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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WE NEED MORE EARNINGS! Late reporters will keep getting hammered! "look @ how they massacred my boy (KGN)"
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Cde Monomotapa wrote:WE NEED MORE EARNINGS! Late reporters will keep getting hammered! "look @ how they massacred my boy (KGN)" I think the hammering is because the market knows that kengens earnings will be lower or flat at best and they will give a measly 0.5 dividends... More hammering to come Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:Cde Monomotapa wrote:WE NEED MORE EARNINGS! Late reporters will keep getting hammered! "look @ how they massacred my boy (KGN)" I think the hammering is because the market knows that kengens earnings will be lower or flat at best and they will give a measly 0.5 dividends... More hammering to come That's the spirit
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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@Cde, I do not mean to scare you have you compared the fundamentals of Kengen Vs KPLC ? If I have 100 bob and I want to invest in Kenya Power sector, I will locate 80 bob to KPLC and 20 to Kengen. 20 bob for Kengen is just a dash to fulfil long term righteousness. That me only ! The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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young wrote:@Cde, I do not mean to scare you have you compared the fundamentals of Kengen Vs KPLC ?
If I have 100 bob and I want to invest in Kenya Power sector, I will locate 80 bob to KPLC and 20 to Kengen. 20 bob for Kengen is just a dash to fulfil long term righteousness. That me only ! Even u've got the spirit @young I need pessimism around KGN untill year end to be done with accumilation. In 2012 and beyond we will find out what a carbon credits chq is worth
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Oh..made my 100% off KPLC after '09. What u r getting now is my sloppy 2nds
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Cde Monomotapa wrote:Oh..made my 100% off KPLC after '09. What u r getting now is my sloppy 2nds It is up to you . Hakuna matata. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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those people who are buying better know what they are doing....please dnt confuse a relief rally and a full blown bull rally..
i am out of this market upto next year when i will size up these stocks and think if i shld buy.we have seen many a relief rallies and people have been left holding monkeys when the truth hits them
as for now any rally will be treated with utmost suspicion..
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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[quote=mwanahisa][quote=mwanahisa]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 nice move comrade, you're one of the best traders at wazua. Today the market has kicked back, i can tell. I speculatively bought kengen at 13.70, only for the down fall to begin. Still optimistic though. Your picks, expect the fourth, are also very good long term positions. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@Aguy guess we both thought our KGN buys were the mkt discounts b4 they turned premiums ain't no thang though, we r still in it to win. I know we are both in KCB so let's focus on our H1s nxt week!
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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I knew things were thick when total kenya hit the record low of 26 (it‘s now trading at 23) i cashed out my major and remained with NIC which i just disposed of today. 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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