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Finally sold my last holding in the NSE
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Sober
#21 Posted : Tuesday, August 09, 2011 6:53:18 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
I emptied my entire portfolio to cash chief being among them NIC & KPLC at 42 and 22 respectively.
I am now confused because each day sounds like an entry point for me.
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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guru267
#22 Posted : Tuesday, August 09, 2011 7:01:40 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I exited out of every single stock I owned on the NSE in May when Q1 results failed to yield any gains on the market...

I only remained with Jubilee as I believe it will provide adequate defense in this kind of market..

I will begin increasing my holding in kenol with every day that it heads lower because I believe if the market returns to normal this is the stock that will lead the recovery..
Mark 12:29
Deuteronomy 4:16
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Sober
#23 Posted : Tuesday, August 09, 2011 7:07:35 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
@guru. As for me i believe so much in NIC i started accumulating today at 34.00 which is 20% of my selling price. It hits 30 again and i will visit it.
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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QW25071985
#24 Posted : Tuesday, August 09, 2011 7:13:54 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
So some of us think we will see a rally ,really. With the current high political temp in the country?even if this global selloff stops.am hard pressed to see where demand will come from to cause a rally.
Thats why i believe low ,very low prices are coming.
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Cde Monomotapa
#25 Posted : Tuesday, August 09, 2011 7:17:33 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Just came back from a round of golf with sme heavy dudes. Certain counters will be mopped up kesho.
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guru267
#26 Posted : Tuesday, August 09, 2011 7:21:34 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25071985 wrote:
So some of us think we will see a rally ,really. With the current high political temp in the country?even if this global selloff stops.am hard pressed to see where demand will come from to cause a rally.
Thats why i believe low ,very low prices are coming.


The current Political tempo is just hot air..

As soon as Uhuru and Ruto hear their charges in september and step down by force then everything will cool off and Kenyans will prepare to elect RAO into office peacefully in 2012/13..
Mark 12:29
Deuteronomy 4:16
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Obi 1 Kanobi
#27 Posted : Tuesday, August 09, 2011 7:21:37 PM
Rank: Elder


Joined: 7/23/2008
Posts: 3,017
For those who have found an entry point, congrats, shares is more a gut thing.

However, bare in mind that we are stuck in the middle of the worst drought in 60 years, we have power rationing, the gava is borrowing every penny it can see, there are elections next year and there is no foreign investor relief coming from the imploding, riot infested, debt ridden western world.

There will probably be a new bottom tomorrow, and another the next day, what I know is that many people (retail and unprofessional advisors to institutional investors) are now timid after watching their paper millions disappear and will need a lot of cajoling to add new capital to the market.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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guru267
#28 Posted : Tuesday, August 09, 2011 7:31:22 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Obi 1 Kanobi wrote:
There will probably be a new bottom tomorrow, and another the next day, what I know is that many people (retail and unprofessional advisors to institutional investors) are now timid after watching their paper millions disappear and will need a lot of cajoling to add new capital to the market.


How tomorrow pans out on the NSE depends entirely on Mr. Ben Bernanke!! He holds the future of the world's capital markets in his hands tonight...
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#29 Posted : Tuesday, August 09, 2011 7:33:14 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
RAO is the next president pending ratification next year, so all us go back to work. Ever since he ceased trashing Vision 2030 he can be my president even kesho. Kazi Iendelee!
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Aguytrying
#30 Posted : Tuesday, August 09, 2011 7:33:48 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Im fully in. waiting for kenol kobil. at 8.00. ha ha. sounds ridiculous?......... just look around you.
The investor's chief problem - and even his worst enemy - is likely to be himself
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BGL
#31 Posted : Tuesday, August 09, 2011 7:34:52 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
guru267 wrote:
QW25071985 wrote:
So some of us think we will see a rally ,really. With the current high political temp in the country?even if this global selloff stops.am hard pressed to see where demand will come from to cause a rally.
Thats why i believe low ,very low prices are coming.


The current Political tempo is just hot air..

As soon as Uhuru and Ruto hear their charges in september and step down by force then everything will cool off and Kenyans will prepare to elect RAO into office peacefully in 2012/13..


This has nothing to do with Siasa if you watch CNBC and Bloomberg then you can know the direction all the markets have taken. This thing started last week when S & P downgraded the US Credit rating from AAA to AA+.

But i am not selling though i do not know how soon i will start buying. Where is YBC!! Infact i am thinking of accumulating Gold.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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guru267
#32 Posted : Tuesday, August 09, 2011 7:36:37 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
Im fully in. waiting for kenol kobil. at 8.00. ha ha. sounds ridiculous?......... just look around you.


Stock markets do not fall indefinitely!! If you feel the stock is cheap now then buy NOW!

The market can never fall to the level you find ideal.. Never!! God doesnt work like that
Mark 12:29
Deuteronomy 4:16
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the deal
#33 Posted : Tuesday, August 09, 2011 7:37:21 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Like i said in my note yesterday Shares widely held by foreigners will lead the slide...this is 1st sell off..i expect a real 2012 sell early next year..
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guru267
#34 Posted : Tuesday, August 09, 2011 7:39:40 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
Like i said in my note yesterday Share widely by foreigners will lead the slide...this is 1st sell off..i expect a real 2012 sell early next year..


When Uhuru and Ruto are out of the presidential race after events set to take place in september then 2012 will be even more calm than 2010/11...
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#35 Posted : Tuesday, August 09, 2011 7:48:05 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
the deal wrote:
Like i said in my note yesterday Share widely by foreigners will lead the slide...this is 1st sell off..i expect a real 2012 sell early next year..


When Uhuru and Ruto are out of the presidential race after events set to take place in september then 2012 will be even more calm than 2010/11...

@guru we r in agreement a lot today. I've preached the same.
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Cde Monomotapa
#36 Posted : Tuesday, August 09, 2011 8:18:52 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
People need to understand that ever since PEV, the security & intelligence compliment was grown exponentially!! wait for violence @ ur own expense. Elections are over after Obaks hands over to the next Prezz, I know he won't entertain crap again.
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erifloss
#37 Posted : Tuesday, August 09, 2011 8:35:20 PM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
I think we haven't seen the last of this sell-off yet. Smart money is on other investments & will check in much later.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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youcan'tstopusnow
#38 Posted : Wednesday, August 10, 2011 12:12:56 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
Just came back from a round of golf with sme heavy dudes. Certain counters will be mopped up kesho.


Nkt! Kwani you were talking heavy in terms of weight?
GOD BLESS YOUR LIFE
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