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Banking stocks primed for buy-in after six month drop
hisah
#1 Posted : Friday, September 02, 2011 11:51:13 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
http://www.businessdaily.../-/5pyesnz/-/index.html

As per Biz Daily article on Aug 29th - that was the headline...

Let us give this headline 3 months from Aug 29 which will take us to Nov 29 then we see how many bank stocks will have rallied back to their 1st July 2011 levels.

The purpose is to educate investors on why not to follow the lamestream media and instead to do their own due diligence and to follow the opposite direction of the group-think. That's how Mr. Market works...

NSE is yet to get to bearish extreme levels since some investors/fund managers are still talking about accumulating even as the massacre continues...

When this crowd stops parading the accumulation story and biz daily is full of copy-paste biz stories from other lamestream international news sites, then one can start accumulating since the bearish mood will be bordering on the extreme zone... And as usual wazua posts will be a droplet on stocks, but numerous on other topics like in the groups and market sections.

For every action there is a reaction.

1. Mr. Market dislikes crowds... action
1. Mr. Market likes volumes... reaction
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
incognito
#2 Posted : Friday, September 02, 2011 1:31:58 PM
Rank: Member


Joined: 6/29/2011
Posts: 233
Tafsiri tafadhali. Incognito is lost. smile
Excelsior
hisah
#3 Posted : Friday, September 02, 2011 1:56:40 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
incognito wrote:
Tafsiri tafadhali. Incognito is lost. smile


As in we want to see how Biz Daily (lamestream media) is good as a financial advisor...

There is a market saying that goes like "Buy the rumour, sell the news... Biz daily is hyping bank stocks to the public, while the professional money will be selling to the unsuspecting public... Ouch d'oh!

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#4 Posted : Friday, September 02, 2011 3:39:56 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@Hisah. Right on the money. How do they know where the bottom is.... poor mr market.
On that note could we list companies that will be most suitable for a buy when the true bottom comes.
The investor's chief problem - and even his worst enemy - is likely to be himself
Kirika
#5 Posted : Friday, September 02, 2011 3:45:20 PM
Rank: Member


Joined: 1/26/2011
Posts: 211
Location: Nairobi

My stock picks when the 'true' bottom hits @ Circa 2500 points will be;

1. Jubilee
2. DTB
3. KCB
4. KPLC
5. NIC

In that order and fashion.....
hisah
#6 Posted : Friday, September 02, 2011 4:03:42 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ekwety - Helios aka Soros - track it
Barclays - foreign origins
SCB - foreign origins
Mpesa - Morgan Stanley and brits track it - 4G monopoly likely. Bad for consumers Sad Good for investors...
KQ - foreigners track it - they like it since airline stocks at the 1st world are dead wood for years now.

These are favoured by foreigners for whatever other reasons...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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