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NSE fully priced awaiting referendum
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Wa_ithaka
#1 Posted : Monday, July 26, 2010 10:24:44 AM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
If you look at the market right now, almost all the 50 stocks are within 10% of their 52-week highs.
What does that mean? The market has no direction and is awaiting for either share-specific events or macro-event to either push it higher or lower.

Greenhorns beware.
The Governor of Nyeri - 2017
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the deal
#2 Posted : Monday, July 26, 2010 10:34:19 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
At a PE of 12 the market is definitely fully priced...only few counters u can call Warren Buffet type bargains....the rest are fully priced...hence the referundum can act as a catalyst for a serious pullback....
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guru267
#3 Posted : Monday, July 26, 2010 11:38:32 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
At a PE of 12 the market is definitely fully priced...only few counters u can call Warren Buffet type bargains....the rest are fully priced...hence the referundum can act as a catalyst for a serious pullback....

A trailing p/e of 12 is far from being fully priced.... A forward p/e of 12 is fully priced...
Mark 12:29
Deuteronomy 4:16
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