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How can the NSE index be gaining towards elections?
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murchr
#21 Posted : Saturday, February 09, 2013 5:40:29 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
the deal wrote:
This thing is beyond peaceful elections...its also about who gets elected and the implications of that persons policies/government on the economy...all shall be known post March 4...its boom or bust...in case of a bust re: sanctions...none of this banks can withstand such kind of a shock...Sell Buy Back schemes will be too small too work from the ensuing bank runs, defaults and asset devaluation...so vote wisely...that's my only prayer...it will be sad to see Kenya go the Zimbabwe way...the road of self destruction.


@deal...forget about sanctions and Zimbabwe...these people act like mafia's, there's a reason behind all this noise...if/when they are given "an offer they cant refuse" the noise will go down significantly. Infact, am hoping it causes some shedding come monday, I haven't taken advantage of the NSE as i should have
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Cde Monomotapa
#22 Posted : Saturday, February 09, 2013 7:38:47 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
I sympathize with @deal If Kenya goes it's all bets off for RSE & USE..Mmm he wouldn't dare invest on the ZSE, infact he dreads the country as a whole & the Nam stock ex is nothing to write home about. The JSE? Nah, wouldn't do it myself due to heavy global econ connex. Then @deal will be out of biz, thus, the best is for him wish this country well, no matter who wins smile smile smile
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kaifastus
#23 Posted : Saturday, February 09, 2013 9:06:30 PM
Rank: Member


Joined: 8/17/2011
Posts: 207
Location: humu humu
Read this somewhere "Initial advance attracts traders, upward momentum. Smart money begins to distribute stock, trying not to kill demand.
Eventually downturn, but smart money comes in to support demand, manipulation. (left shoulder)
Upward momentum resumes, ends when smart money has distributed all shares; market drops.
New traders try to exploit well-known tendency to rally. New weak rally, right shoulder, then a breakout". (Edwards & Magee).Be cautious..
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Mukiri
#24 Posted : Saturday, February 09, 2013 9:57:02 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
the deal wrote:
This thing is beyond peaceful elections...its also about who gets elected and the implications of that persons policies/government on the economy...all shall be known post March 4...its boom or bust...in case of a bust re: sanctions...none of this banks can withstand such kind of a shock...Sell Buy Back schemes will be too small too work from the ensuing bank runs, defaults and asset devaluation...so vote wisely...that's my only prayer...it will be sad to see Kenya go the Zimbabwe way...the road of self destruction.

Ditto. Its what I'd said.

And boss, how come your Coop is not enjoying much sunshine?

Proverbs 19:21
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