Wazua
»
Investor
»
Stocks
»
NSE TO BREACH 6500
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Guys, reckon the index will quite easily breach the 6500 mark in 1 yr time. My reasons for this are quite simple.
1. Banks are awash with cash. Alot of this liquidity will find itself in the stock Market. Borrowing money today is easier and cheaper than it has ever been. Fixed deposit rates and call rates are a joke. At 1.5% pa, ud rather buy a stock that pays 4% divs.
2. The public is awash with cash. Just look at the latest statistic of new cars imported in Kenya (maybe mitumba but new in Kenya)
3. Political stability.
4.there are stocks still quite cheap. Eg jubilee has been growing eps for the last 8 years on an average of 25%. That means every 4 years, it's profit doubles.at the moment, it's trading at a trailing pe of 10; 'Nuff said?!?! Among others.
5. Wait for the fund managers and foreigners to jump in. This lull we are going thru isn't sustainable so if u has cash, no time like the present.
6. EAC is heavily tilted in our favour when it comes to biashara, goods etc. Also the infrastructure being built in the region is quite heavy investment and this is sure to increase business.
|
|
|
Rank: Member Joined: 8/29/2008 Posts: 571
|
I don't agree with you.I'm waiting for "bad news" to happen so that I jump in.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Just passed by my broker to sort out some issues, i tell you people are selling, selling, selling. In the 10 min i took to finish my business, the attendant received no fewer than 5 calls, people asking if their sell orders had gone thru. After this selling frenzy is done, we will see prices shooting up. Life is short. Live passionately.
|
|
|
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
|
@ ali baba you will be surprised when the stock you are waiting to go down will only continue going up therefore the bus will leave you
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
Ali Baba wrote:I don't agree with you.I'm waiting for "bad news" to happen so that I jump in. Ati bad news.. Dude you'll be waiting for 4 years.... Have you seen the listed and non listed companies results?? (Except kenya re) We are clearly headed for a boom so i advise you to stock up... Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Member Joined: 2/20/2007 Posts: 359
|
sparkly wrote:Just passed by my broker to sort out some issues, i tell you people are selling, selling, selling. In the 10 min i took to finish my business, the attendant received no fewer than 5 calls, people asking if their sell orders had gone thru. After this selling frenzy is done, we will see prices shooting up. I thought when peeps are selling selling selling, there are also peeps buying buying buying those sales!
|
|
|
Rank: Member Joined: 1/25/2009 Posts: 184 Location: For now El-Fashier - Darfur
|
 @sparky, I believe those who are selling are the one who were panicking when there was a slight market correction last week. Also remember school are opening in a couple of weeks time.... Fees zatafutwa. So dont panick. Has fundamentals changed? I believe No. "A bad decision made now is beta that a good one made later!!"
|
|
|
Rank: Elder Joined: 2/10/2007 Posts: 1,587
|
underweight wrote: @sparky, I believe those who are selling are the one who were panicking when there was a slight market correction last week. Also remember school are opening in a couple of weeks time.... Fees zatafutwa. So dont panick. Has fundamentals changed? I believe No. I do not see much correlation between schools openning and shares selling. Once I waited for prices to drop in December so that I could take a position and was shocked, the prices rose from Dec to March!
|
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
sparkly wrote:Just passed by my broker to sort out some issues, i tell you people are selling, selling, selling. In the 10 min i took to finish my business, the attendant received no fewer than 5 calls, people asking if their sell orders had gone thru. After this selling frenzy is done, we will see prices shooting up. sadly im one of these people...i have to reduce some positions...ill be back with a bang come Oct. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
sheep wrote:sparkly wrote:Just passed by my broker to sort out some issues, i tell you people are selling, selling, selling. In the 10 min i took to finish my business, the attendant received no fewer than 5 calls, people asking if their sell orders had gone thru. After this selling frenzy is done, we will see prices shooting up. sadly im one of these people...i have to reduce some positions...ill be back with a bang come Oct. @ sheep did u need the moolah ama u were getting out coz of something?
|
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
@Horton...I have some personal convictions which may turn false...anyway i need to lock in some profits for peace of mind The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
sheep wrote:@Horton...I have some personal convictions which may turn false...anyway i need to lock in some profits for peace of mind fair enough..
|
|
|
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
|
@sheep. Can a sheep trade ? Lol Your future depends on your dreams so go to sleep !
|
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
@qw...he he he...im it for the money not excitement...dont sweat the technique. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
|
|
|
Wazua
»
Investor
»
Stocks
»
NSE TO BREACH 6500
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|