wazua Mon, Sep 22, 2025
Welcome Guest Search | Active Topics | Log In

2 Pages<12
Stocks in 2year low. Time to get it?
Options
Previous Topic · Next Topic
hisah
#21 Posted : Thursday, December 08, 2011 6:07:07 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Sober wrote:
When NIC brokee the 24 bob barrier i knew a lot was in store for the bourse.

NIC breaking below 25 was just reaffirming bank stocks are yet again going to be wringed.

Trendline examples...

2010 - MSC breaks below 13.50, snapping off the bull trend. AK snaps at 15. Mpesa snaps at 4.40.

2011 - KCB breaks below 19.50. KQ snaps at 25. Snapping means a vigorous capitulation aka selloff flood gate is coming soon.

Just a few examples. A number of stocks are breaking below bull trend lines even before NSE snaps. And when NSE snaps @3010 - 3030, they will be more bleeding. Some bluechip prices will be so ridiculous (fat tails) vs NAV - if not already. Picking bottoms during such an episode becomes suicidal since funds are never infinite...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
 Report Abusive | Report SPAM | Edit by user: Thursday, December 08, 2011 6:10 AM | Reason: Not specified
Aguytrying
#22 Posted : Thursday, December 08, 2011 7:55:07 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Bottom picking is never advisable. You may never buy, or you will buy at higher price than currently.
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
 Report Abusive | Report SPAM
earthvoice
#23 Posted : Thursday, December 08, 2011 8:18:03 PM
Rank: Member


Joined: 1/29/2011
Posts: 257
Noone really knows when the price of a stock has bottomed out... until it begins to rise steadily once again. And for those who were waiting for the 'rock-bottom' price, that may turn out to be too little too late.

It's just as noone will know when the NSE has finally bottomed out... until it begins its steady recovery. Case in point, see thread on 'How to tell NSE has bottomed out'
http://www.wazua.co.ke/f...spx?g=posts&t=13719

At best, educated guesses; at worst, gut feelings and pure speculation.

Tafakari hayo! Think
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
Back to top
 Report Abusive | Report SPAM
QW25081985
#24 Posted : Thursday, December 08, 2011 9:09:19 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
the trick is just to buy small quantities as they dip ...
we are far away from any signal of a bottom but am always on the look out ..lets see where the bounce will take us ...
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (2)
2 Pages<12
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.