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Madness at the NSE
Rank: Member Joined: 6/26/2008 Posts: 399
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lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know  . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 4/21/2015 Posts: 151
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xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. The CBK governor warns investors to expect lower returns from banks.Enjoy while it lasts!
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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If the cap goes it won't be very easy to get top banks at a discounted price "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Close of trade Thursday 31 October 2019 SCOM 23.21M 1.19T KCB 15.01M 159.78B EQTY 14.40M 175.48B COOP 2.93M 85.37B KEGN 2.45M 38.25B Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/1/2009 Posts: 272
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Ericsson wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Close of trade Thursday 31 October 2019 SCOM 23.21M 1.19T KCB 15.01M 159.78B EQTY 14.40M 175.48B COOP 2.93M 85.37B KEGN 2.45M 38.25B It's become a frenzy. My days of quietly accumulating dividend stocks at a discount seem to be over. No point in buying any more for now.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Fyatu wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. Wamekula huu na hasara juu.. Never move with the crowd. Chart your own path. I'm a seller for COOP at KES 17, HF at KES 12, KCB at KES 61, KENRE at KES 5 and KQ at KES 12.68
KQ ABP 4.26
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Rank: Member Joined: 6/26/2008 Posts: 399
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lochaz-index wrote:xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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obiero wrote:Fyatu wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. Wamekula huu na hasara juu.. Never move with the crowd. Chart your own path. I'm a seller for COOP at KES 17, HF at KES 12, KCB at KES 61, KENRE at KES 5 and KQ at KES 12.68 One fact that most investors have conveniently chosen to forget/ignore is that banks and most other firms listed in NSE posted very impressive results for HY 2019. All indications are that most firms are back to recovery post 2017 election year. The fundamentals are strong..If you doubt what i am talking about just download a few HY 2019 reports from top firms in KE and see for yourself. It is not only the rate cap at play here. It is many variables such as profitability, good politics(Handshake), Good rains etc. Wazuans should stop being too pessimistic with Kenya economy. The facts are there for all to see Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Fyatu wrote:obiero wrote:Fyatu wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. Wamekula huu na hasara juu.. Never move with the crowd. Chart your own path. I'm a seller for COOP at KES 17, HF at KES 12, KCB at KES 61, KENRE at KES 5 and KQ at KES 12.68 One fact that most investors have conveniently chosen to forget/ignore is that banks and most other firms listed in NSE posted very impressive results for HY 2019. All indications are that most firms are back to recovery post 2017 election year. The fundamentals are strong..If you doubt what i am talking about just download a few HY 2019 reports from top firms in KE and see for yourself. It is not only the rate cap at play here. It is many variables such as profitability, good politics(Handshake), Good rains etc. Wazuans should stop being too pessimistic with Kenya economy. The facts are there for all to see The economy is not doing well overall but banks continue to suck on the weak
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Fyatu wrote:obiero wrote:Fyatu wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. Wamekula huu na hasara juu.. Never move with the crowd. Chart your own path. I'm a seller for COOP at KES 17, HF at KES 12, KCB at KES 61, KENRE at KES 5 and KQ at KES 12.68 One fact that most investors have conveniently chosen to forget/ignore is that banks and most other firms listed in NSE posted very impressive results for HY 2019. All indications are that most firms are back to recovery post 2017 election year. The fundamentals are strong..If you doubt what i am talking about just download a few HY 2019 reports from top firms in KE and see for yourself. It is not only the rate cap at play here. It is many variables such as profitability, good politics(Handshake), Good rains etc. Wazuans should stop being too pessimistic with Kenya economy. The facts are there for all to see Wish you better luck this time. Avoid the monkeys Life is short. Live passionately.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Fyatu wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. One day has barely elapsed and Business daily has a headline about how known Kenyan billionaires have gained billions in paper value.........i will say it again. History does not repeat itself but it rhyme. Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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sparkly wrote:Fyatu wrote:obiero wrote:Fyatu wrote:mlennyma wrote:If the cap goes it won't be very easy to get top banks at a discounted price Mark Twain is credited to have said..." History does not repeat itself but it rhymes". Tafakari The bear was here for 4 solid years and at some point counters like simba and Memba traded at Kshs. 24. while @Obieros diamond was trading at 3 bob with huge supply as late as May this year.Indeed, human beings never learn. Lakini, all is not lost. Insurance firms are yet to get jolted but i have noticed pia huko supply is drying-up fast and soon some wazuans will be left watching as fresh Uhuru Kenyatta millionaires get minted. I learnt the hard way circa 2011-2014 when i painfully watched despised Britam(and many others) move from sub 4 bob to 36 bob(a straight nine bagger). All i saw was newspaper articles annotating how JM(Equity) and other billionaires wealth had multiplied within a short span of months.In short i was reduced to kula na macho(spectator). Kwa wale mko ndani enjoy. To those who were lamenting here sijui oh, sijui ah....endeleeni kula na macho. Wamekula huu na hasara juu.. Never move with the crowd. Chart your own path. I'm a seller for COOP at KES 17, HF at KES 12, KCB at KES 61, KENRE at KES 5 and KQ at KES 12.68 One fact that most investors have conveniently chosen to forget/ignore is that banks and most other firms listed in NSE posted very impressive results for HY 2019. All indications are that most firms are back to recovery post 2017 election year. The fundamentals are strong..If you doubt what i am talking about just download a few HY 2019 reports from top firms in KE and see for yourself. It is not only the rate cap at play here. It is many variables such as profitability, good politics(Handshake), Good rains etc. Wazuans should stop being too pessimistic with Kenya economy. The facts are there for all to see Wish you better luck this time. Avoid the monkeys Once bitten twice shy......the bull is here. I can see that even Uchumi and Home Africa some favourites of wazuans back in the day are also in the green Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 5/2/2018 Posts: 267
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Co-op, Equity, BBK now easing off. Tuesday determines the next direction: if M-Pigs pull a fast one, journey South again; if they Okey the amendment, journy North continues...
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