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Despite the rally, notable laggards.
Rank: Member Joined: 2/1/2007 Posts: 112 Location: Nairobi
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The NSE rally has been going on for sometime now albeit slow. However, since 2nd week of Jan the pace heightened and most counters are appreciating significantly daily. Some key counters have been lagging behind or they are almost stagnant. What's happening to the likes of Accesskenya, Kcb and Equity? It's amazing what you can achieve when you get rid of fear.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Was waiting to exit EB at 17 bt seems it may be a long wait. Im out nxt wk. TULIA.........UFUNZWE!
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Rank: Member Joined: 4/15/2008 Posts: 205
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logic dictates that there must be balance to some extent in the nse and as such parity must be restored to a time just before the meltdown Do it today! Tomorrow is promise to no-one.
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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NMG is one cyclical stock posed for greatness with world cup and 2012 in the horizon. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@simonkabz
hold your horses,there was a seller detemined to quit,should be over today.Chasing other counters on a bull can be expensive.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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EB is doing OK but @cnn there many sellers... why do you think there is one large seller? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/1/2007 Posts: 112 Location: Nairobi
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I hold quite a chunk of Access, Kcb and EB and was worried for the lack of action on these counters given two of them were in the red having been bought before the recession. Finally, patience pays and there is significant action on all. I can't forgive CFCFS though for their delay in processing orders that cost me KQ @ ksh 21 but i take comfort in that i diverted the funds to safcom. It's amazing what you can achieve when you get rid of fear.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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If you've missed buses, jump onto a mkokoteni Kenya-Re and HFCK...this year they won't disappoint.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@simonkabz
1ts at 15.80 today
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Equity at 16 KQ at 50 Safcom at 6.10 Yep, how long can this go on... Of course, remember some of the prices are valid... coz of profit growth (or future/potential growth) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Turnover(headed to KES 1billion)says something about what to expect. The last time we did billions was somewhere September to end of 2008 thereabout. I am reminded of that good old 10% bus that got a flat a few yards down the road, but this bus!! A New Kenya
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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YTD: 32 are up, lead by KQ [30%] MSC [26%] and SCOM [22%] 16 are flat 14 are don, trailed by Wiliamson [11%], City Trust [9%] and SGL [8%] Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 2/1/2007 Posts: 112 Location: Nairobi
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This bull must have taken a shot of adrenalin. Looks like you don't have to be very savvy to make a good pick right now. There are many buses and bicycles amidst them. It's amazing what you can achieve when you get rid of fear.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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should wanjiku jump in or bail out? what will wanjiku do? A New Kenya
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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i don't see this upbeat mkt endure for long.. for those who've reaped it's time to cash in before the counters start to dive.. When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@mdosi - True... but some will be able to maintain the current price as results come in... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/8/2008 Posts: 77
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I think its more of an upward correction, than a bull run. Prices were artificially depressed, and they are now seeking their true values, spurred by new money.
Hopefully, our good old contributors like Jammo, Mainat, etc will now re-start posting actively!
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Rank: Member Joined: 1/31/2007 Posts: 304
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> I dont think much of this bull run
>Its too sudden and too strong
> Its neither supported by fundamentals-the whole of last year companies were reporting stagnating or declining profits.This should b a reflection of what the full year should b.So what has changed???
>demand/money after shares has increased exponentially, on the other hand supply has not increased in proportion.
safcom is a clear example of a company struggling to increase its profits.I bet the profit will b around the same as last years.
The bull run will last as long as the increased money lasts
My advice is therefore if u have made money from this ..maybe its not a bad idea if u cashed out now.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@kaffir, i agree that this is a correction. The nse fell in Q4 2009 while the major world indices gained -Perceived political risks and low corp earnings. I expect prices to stabilise sooner than later. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@moneydust - The optimism is about 2010 NOT about the pathetic & tough 2009... Of course, the year has barely started so... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Despite the rally, notable laggards.
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