sparkly, seems qw has found himself a new buddy

Let us not forget that WB who claims investing is easy and doesn't need knowledge of math is holding a degree in statistical economics..

liquidity of a share...how many of the shares are traded daily...is dependent on your volume interest.

Assume back to January 5th 2010..30 weeks ago.. to date Unga has traded 2,603,200 shares... on average that is 17,300 shares a day..

consider also, the counter has never witnessed a one-off bulk volume transfer within the same period...

This also implies that as long as you have a total volume of trade of at most 6,000 shares..you can sell off easily once you put an order to do so.. for you the counter is liquid.

for someone with >20,000 shares..that is a different case.. not all shares will go on one trade..making the counter illiquid for them.. a sudden sell off of over 20,000 shares of unga is enuff to change market direction for the share price..

guru, I think VVS got the point I was trying to make when he said, "buy 5 or so good firms, at good prices with good managements... & all will be good..."
You don't need a degree in statistical economics (or any other for that matter) to make it in the stock market.

hisah, glad to hear you're not an 'expert' So you also think UNGA is a BUY?

@y. Cfc stanbic online trading isnt working . Wats goin on !?!

I have also tried and it seems to be down.

@underweight....cant believe u also noticed the co-relation...in 2008 it was crazy, online systems went AWOL...U would run to your broker place sell orders at best price on everything but they would delay executing while youre haemorraging 7-9% a day...and when you felt it was too late and cancelled the sell orders they would rush to sell at the already oversold rockbottom prices and tell u it was already executed...what a crazy game...it was then that I knew the NSE was a mafia/satans bourse.

No change in fundamentals of the companies. Plus, Kenyan economy on a growth trajectory and most importantly of all, political risk of investing in Kenya considered minimal/investor confidence boosted after peaceful referendum. These are the reasons I will not sell. Plus i'm not a trader (difficult to trade with such expensive charges such as the 2.1 percent commissions for every transaction. Contrast that to the N.Y.S.E which charges a fixed rate of 0.00025 dollars (2 cents) per share. ama nimeona vibaya? phx.corporate-ir.net/phoenix.zhtml?c=129145&p=irol-newsArticle&ID=878156&highlight= try copying and pasting the address to the address bar if you'd like to access the site with the info

Your questions answered :

1. Is there a market correction coming in the short-term (a couple of days) . Yes.

2. Will the rebound be bigger and better exiting . YES

3. what shares shld i buy during the correction or add to my portfolio

- KQ
- NIC
- Mumias
- ARM