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How to tell NSE has bottomed out
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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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
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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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
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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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
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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"lower lows" LMAO good summary.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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
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Rank: Member Joined: 11/6/2010 Posts: 222 Location: NAMANGA
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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.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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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.
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How to tell NSE has bottomed out
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