Wazua
»
Investor
»
Stocks
»
How to tell NSE has bottomed out
Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
|
No one ever got anywhere using herd mentality! It's not a time to run away but a time to slowly accumulate for as long as the recession/fears of recession hold. For us it's even juicier, what with looming elections, a weak KES, high interest rates, high inflation etc! If u can get KK, at sub 10 before 19th Aug with a div of 0.57, pick some few, HF at 17.50 with a div of 50cts, grab yourself a slice! You will have your cake and eat it!  @SufficientlyP
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
Sufficiently Philanga....thropic wrote:No one ever got anywhere using herd mentality! It's not a time to run away but a time to slowly accumulate for as long as the recession/fears of recession hold. For us it's even juicier, what with looming elections, a weak KES, high interest rates, high inflation etc! If u can get KK, at sub 10 before 19th Aug with a div of 0.57, pick some few, HF at 17.50 with a div of 50cts, grab yourself a slice! You will have your cake and eat it! Are we looking at the same n.s.e my friend? kk hasn't gone below 11.00 let alone 10.00. And you are posting this on today the day it goes ex after its been above 11.00 all this time. highly doubt in the time we have left until market close it will go there. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
|
|
|
Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
|
Sufficiently Philanga....thropic wrote:No one ever got anywhere using herd mentality! It's not a time to run away but a time to slowly accumulate for as long as the recession/fears of recession hold. For us it's even juicier, what with looming elections, a weak KES, high interest rates, high inflation etc! If u can get KK, at sub 10 before 19th Aug with a div of 0.57, pick some few, HF at 17.50 with a div of 50cts, grab yourself a slice! You will have your cake and eat it! First are you in your 20's, 30's, 40's or 50's. I think that will & should guide your risk apetite. I remember in Feb guys were still talking of accumulation, well the reality is the NSE index has dropped by 20% since then. We all know we are in the game to make money & not to fall in love, sit down & do your analysis of the exchange & you'll realise that our market is always up when foreigners come in & as it stands now most of them are liquidating their risky assets in all parts of the world & Kenya is not immune. I see 3200 by November maybe even earlier. Everday we see new lows thus accumulate wisely & always be ready to see your invesment go in the red in a way that even the dividends can't mitigate. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
|
Aguytrying wrote:Sufficiently Philanga....thropic wrote:No one ever got anywhere using herd mentality! It's not a time to run away but a time to slowly accumulate for as long as the recession/fears of recession hold. For us it's even juicier, what with looming elections, a weak KES, high interest rates, high inflation etc! If u can get KK, at sub 10 before 19th Aug with a div of 0.57, pick some few, HF at 17.50 with a div of 50cts, grab yourself a slice! You will have your cake and eat it! Are we looking at the same n.s.e my friend? kk hasn't gone below 11.00 let alone 10.00. And you are posting this on today the day it goes ex after its been above 11.00 all this time. highly doubt in the time we have left until market close it will go there. @Aguy, honestly thought today was way before 19th Aug. Too bad, can't get KK below 9 cum div, but yes, xd its possible if the global markets continue plummeting! And it could even be next week! @SufficientlyP
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
NSE closes @3546. First time after many weeks of lower lows. Now we have the first lower high close and forming a hammer candle pattern pinned @3501 which was the low this week on Monday 15th. Last week NSE closed @3511 on Friday 12th. The bounce continues...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
"lower lows" LMAO good summary.
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
The Week In Review Bulls and bears make money, Centum gained 11% this week..  Read the article here http://www.contrarianinv...-losers-at-the-nse.html
|
|
|
Rank: Member Joined: 11/6/2010 Posts: 222 Location: NAMANGA
|
hisah wrote:NSE closes @3546. First time after many weeks of lower lows. Now we have the first lower high close and forming a hammer candle pattern pinned @3501 which was the low this week on Monday 15th. Last week NSE closed @3511 on Friday 12th. The bounce continues... the big boys are playing you. the current rally is the red herring to LURE the omena back into the basket..........  waiting for 3,000 mark It is humiliating to be associated with thieves and murderers.
|
|
|
Rank: Veteran Joined: 3/25/2011 Posts: 946
|
The question isnt if there at bounce or nt but are you enjoying the current bounce ?
We have waited for quite a while for this bounce so make sure you server the moment.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
With the 2 tenders in KK's possesion...sub 10 XD might be a fleeting illusion Process managers win
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Cde Monomotapa wrote:With the 2 tenders in KK's possesion...sub 10 XD might be a fleeting illusion Process managers win While other stocks rallied just for the sake of rallying, KK couldn't even rally for cum-dividends sake  GOD BLESS YOUR LIFE
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
youcan'tstopusnow wrote: While other stocks rallied just for the sake of rallying, KK couldn't even rally for cum-dividends sake @youcant my broker tells me a big foreign shareholder was selling out at 11.1-11.3 so the price couldnt rally.. Right now kenol is one of those stocks you lock away in ur closet and sit on a very FAT dividend until capital gains start coming in... As this already cheap stock becomes even cheaper next week, its time to continue buying.. Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
I disdain those lines: "my broker told/called/emailed me" being made to feel "special"
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Coz more often than not, "..that's how U get Timbaland up!" - Nas.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
But in terms of "Ponyoka na KK XD" I am also more than willing to relieve the doomsayers.
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
guru267 wrote:youcan'tstopusnow wrote: While other stocks rallied just for the sake of rallying, KK couldn't even rally for cum-dividends sake @youcant my broker tells me a big foreign shareholder was selling out at 11.1-11.3 so the price couldnt rally.. Right now kenol is one of those stocks you lock away in ur closet and sit on a very FAT dividend until capital gains start coming in... As this already cheap stock becomes even cheaper next week, its time to continue buying.. Yeah. If those crazy prices guys are talking about do materialise (sub 9), that will be a crazy valuation. Hope you are also looking at Centum also. The stock went as low as 15.90. But should wait after the bonus shares hit the market then dive in. Will the company profits be as affected as some insurance companies have been by the slump of the NSE? Well only 26% of its portfolio is in QPE. There is the cash from horton's Carbacid. 2 divestures by end of the financial year plus at least 1 acquision GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
hisah, I never heard you talk of how the charts are lookingfor the following stocks: KCB, CENTUM, MUMIAS, SASINI GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Sufficiently Philanga....thropic wrote:@Hisah, maybe a could add some............
4) When the market is forced to open late or
close early because of a "technical error in
the ATS"
- This happened in Jan 2009!
5) When brokers take it upon themselves to call
their clients/emailing them buy proposals of
some specific stocks and urging them to take
the plunge citing IT'S TIME TO BUY!
6) When a day passes and not a single thread or
post has been made here in Wazua!
7) When u visit the brokers office and you are
the only client.
- I saw this in Oct 2008 and Mar 2009 when the
index sank to 3,300 and 2,300 respectively!
SPt, all but one (number 4) of your conditions have already occured GOD BLESS YOUR LIFE
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
youcan'tstopusnow wrote:
Yeah. If those crazy prices guys are talking about do materialise (sub 9), that will be a crazy valuation. Hope you are also looking at Centum also. The stock went as low as 15.90. But should wait after the bonus shares hit the market then dive in. Will the company profits be as affected as some insurance companies have been by the slump of the NSE? Well only 26% of its portfolio is in QPE. There is the cash from horton's Carbacid. 2 divestures by end of the financial year plus at least 1 acquision
@youcan't I never invest in stocks with similar business model and except insurance jub and centum are both private equity firms in real estate and power generation.. That said, centum is dirt cheap so any longterm investor is bound to make a serious killing getting in now.. Theyve been diversifing out of the NSE but I dont know if their new projects have started to pay off in 2011 but there should be some serious gains on asset sales in 2011. Mark 12:29
Deuteronomy 4:16
|
|
|
Wazua
»
Investor
»
Stocks
»
How to tell NSE has bottomed out
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|