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Despite the rally, notable laggards.
Much Know
#31 Posted : Wednesday, January 20, 2010 7:38:54 PM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
@Deal, wakoloni watarudi through shares
Ras Kienyeji Man
Scubidu
#32 Posted : Thursday, January 21, 2010 6:31:32 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
@moneydust. I have no insider info on KQ rally but people seemed to have reacted b4 getting all info. Maybe it's the feel-good-factor kicking in or the fact that the share was ripe for a correction having being oversold.

They normally make a 3rd qtr announcement in January but I haven't heard anything. There are legitimate reasons for good GDP growth in 2010 with recoveries in key sectors such as transport & comm as well as tourism (that will support KQs earnings).

But another factors such as the impact inflation will have in deflating Kenya's nominal GDP growth in 2010. An interesting estimate by the World Bank is that the GDP Deflator is expected to drop to 7.5% in 2010 from 12.5% in 2009 and 13.1% in 2008, so real economic growth will def be higher this year.

It's all a game of numbers and if the economy looks to be growing, markets will rally, KQ included. As you mentioned it's important to know how to trade the volatile markets and I want to introduce a new post called 'Tech Corner' that can help us know when to get in and also out.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
VituVingiSana
#33 Posted : Thursday, January 21, 2010 6:45:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Much Know wrote:
@Deal, wakoloni watarudi through shares


Well, then do not sell you shares...

@muchknow - That is a pathetic argument... In the 90s, when EABL (then KBL) wanted to raise cash, they did a Scrips Issue & Rights Issue...

Kenyans refused to buy... so Diageo stepped in... they recharged the company, fought off SAB/Castle and made awesome profits...

Some idiots then complained that Diageo was unfair to local shareholders... Diageo tried everything to encourage local shareholders to exercise their rights (short of giving loans) lakini sisi tulisema... HAPANA...!!!

People (KENYANS) started to write off Kenya Breweries in those Castle days!!!

I am proud to say I put my money where my mouth is... and I reaped some nice rewards!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
novestor
#34 Posted : Thursday, January 21, 2010 6:58:55 AM
Rank: Member

Joined: 9/4/2008
Posts: 48
Vvs that line was part of communist demagougry in tz and other countries to create fear of capitalism. I just feel throwing that line might awaken wanjiku into action.
Learn Something New Every Day!
Much Know
#35 Posted : Thursday, January 21, 2010 7:14:53 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
Novestor i doubt. Foreignor are in control, you can see how they play the market. Kenyans need to invest more in this market
Ras Kienyeji Man
VituVingiSana
#36 Posted : Thursday, January 21, 2010 8:32:25 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Let 'foreigners' play the market... Kwani???

If the price is low... u buy... if high u sell...

Take Safaricom... Kenyans were selling it till it came to 2.50... When it was 6... you could have sold...

Kwani??? Those foreigners are holding a gun to your head as to when you can buy or sell???
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kazikwisha
#37 Posted : Thursday, January 21, 2010 8:50:43 AM
Rank: Member

Joined: 5/2/2007
Posts: 48
well put vituvingi,the local investor is really good at being caught of play,alafu they say the market is bad,ukiuza kuna mutu ananunua ask yourself what do they know that you don't?
hapa saa hii leo
mdosi
#38 Posted : Thursday, January 21, 2010 9:57:41 AM
Rank: Member

Joined: 2/1/2007
Posts: 112
Location: Nairobi
It looks like the market is cooling off because the rally has slowed down for most counters. I'm sticking to my guns coz i have gained substantial ground in recovering my paper losses. Just 3% to go. Meanwhile, Mr. Aly Khan Satchu has locked us out of his site where i was checking live trading. i can't blame his coz we slowed his site and paid clients need quality. Now now, how much does he charge, it's time i stopped kudoea kwingi.
It's amazing what you can achieve when you get rid of fear.
VituVingiSana
#39 Posted : Thursday, January 21, 2010 10:12:39 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
kazikwisha wrote:
ukiuza kuna mutu ananunua ask yourself what do they know that you don't?


That is what makes a market... As long as there is no scam/fraud going on...

I buy, you sell... there must be a reason...

I had Safaricom at 5/-...
I sold at 6/-...
Now I am waiting for 5/- again...

BUT... if the price rises beyond 6/-... should I blame the 'foreigner' who bought my shares???

The answer is NO... coz I sold of my own volition!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
ecstacy
#40 Posted : Thursday, January 21, 2010 11:38:50 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
in the profit taking, piling unheralded Kenya-Re and HFCK...
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