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Why are the share prices for most of the stocks suddenly going downhill?
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stranger
#1 Posted : Thursday, January 21, 2010 10:44:26 AM
Rank: New-farer


Joined: 1/18/2010
Posts: 13
Location: Nairobi
First the prices went up for most stocks, now the same prices are going downhill. Anyone who has an idea why?

For those who buy low and sell high it is very disappointing when the prices of what you had bought suddenly go down.
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Much Know
#2 Posted : Thursday, January 21, 2010 10:53:13 AM
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Joined: 12/6/2008
Posts: 3,548
Foreign investors were cautioned on monday after al shabaab demonstrated in Nairobi perhaps
A New Kenya
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guru267
#3 Posted : Thursday, January 21, 2010 11:02:29 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hey there!! don worry.. its just a correction due to resistance... too many sell orders at yesterday's prices
Mark 12:29
Deuteronomy 4:16
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muganda
#4 Posted : Thursday, January 21, 2010 11:03:17 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Very normal... In my novice opinion, both upward/decline movements proceed in a see-saw format; but the trend is generally up or down over time.

Problem with us as investors is emotion overcomes rationality. Question is:
--are you buying to make short-term gains; if so always sell when share is going up e.g. MSC at 9.00 not when it starts coming down
--are you buying for long-term gains; if so your mistake was to follow the market keenly. You'd make more money if you were asleep and woke up at the end of the year.

See lessons from the investor Warren Buffet admires most http://www.bottomlinesecrets.co...le.html?article_id=13203. I mean the guy was asleep for decades...
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ecstacy
#5 Posted : Thursday, January 21, 2010 11:23:18 AM
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Joined: 2/26/2008
Posts: 4,449
If I were you, I would not worry myself sick with day to day prices. Be concerned with the general trend going forward in 2010...
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sokomjinga
#6 Posted : Thursday, January 21, 2010 11:28:20 AM
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Joined: 4/5/2008
Posts: 183
It's weekend! Profit-taking ...........
Taunet Neelel ..... New Beginning .....
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mdosi
#7 Posted : Thursday, January 21, 2010 11:55:54 AM
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Joined: 2/1/2007
Posts: 112
Location: Nairobi
Speculators are already taking profits.
It's amazing what you can achieve when you get rid of fear.
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VituVingiSana
#8 Posted : Thursday, January 21, 2010 12:26:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
I need pesa for beer... so u should buy EABL... that is where my cash is going...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#9 Posted : Thursday, January 21, 2010 12:30:40 PM
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Joined: 6/17/2009
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where are the smokers? after accumulating a good amount in capital gains the BAT counter is my trusted banker.
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VituVingiSana
#10 Posted : Thursday, January 21, 2010 12:33:22 PM
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@cnn - Lots of BAT being bought by foreign buyers...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gatheuzi
#11 Posted : Thursday, January 21, 2010 2:33:55 PM
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Joined: 8/16/2009
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To see the potential of gains you need to go back to Jan 2007 when the index touched 6,000 points. We are still under 4,000 points. Then although the usual zig zag of the curve will remain, get your focus on the next 1 year of 2. The profit taking and demand supply dynamics will always lead to corrections, but for me if the price goes down, well I can increase my stake and if up then I won't mind the profits.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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chaliwong
#12 Posted : Thursday, January 21, 2010 9:58:53 PM
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Joined: 1/10/2010
Posts: 73
Location: kenya
From what I see is that the upswing has shifted to other counters and not the usual movers.Whatevever that has been creating the demand this week on the usual counters is looking elsewhere to distribute the risk now that the market is looking promising.I think.
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stranger
#13 Posted : Friday, January 22, 2010 6:29:43 AM
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Joined: 1/18/2010
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Location: Nairobi
I have been investing long term but it has not been paying off especially because the economy changed from good to worse. So i made a resolution to monitor the market prices on a daily basis, buy low sell high. Though there have been bad days, overall it's paying off.
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VituVingiSana
#14 Posted : Friday, January 22, 2010 7:04:20 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Bia leo!!!!

Well, after a few more hours!!!

I hope those stone-throwing faisal supporting idiots have been deported. They messed up my Friday...!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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akowally
#15 Posted : Friday, January 22, 2010 7:35:11 AM
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Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
Gatheuzi wrote:
To see the potential of gains you need to go back to Jan 2007 when the index touched 6,000 points. We are still under 4,000 points. Then although the usual zig zag of the curve will remain, get your focus on the next 1 year of 2. The profit taking and demand supply dynamics will always lead to corrections, but for me if the price goes down, well I can increase my stake and if up then I won't mind the profits.



@ Gatheuzi

Great response, simple but true
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Wa_ithaka
#16 Posted : Friday, January 22, 2010 7:46:05 AM
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Joined: 1/7/2010
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Location: nbi
Soma biblia yako kijana/msichana...
All that goes up, must surely come down. The first law of stock investment.
The Governor of Nyeri - 2017
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novestor
#17 Posted : Friday, January 22, 2010 8:57:47 AM
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Joined: 9/4/2008
Posts: 48
Volumes/Turnover is also shrinking with falling prices, i expect upswing even as early as later today (if i were a day trader i would bet on it), ofcourse this is just a good guess from my long instinctual observation and not a technical analysis, lets see.
Learn Something New Every Day!
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novestor
#18 Posted : Friday, January 22, 2010 8:58:39 AM
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Joined: 9/4/2008
Posts: 48
Volumes/Turnover is also shrinking with falling prices, i expect upswing even as early as later today (if i were a day trader i would bet on it), ofcourse this is just a good guess from my long instinctual observation and not a technical analysis, lets see.
Learn Something New Every Day!
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