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Market slow down! or up!
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Spendthrift
#1 Posted : Tuesday, July 14, 2009 12:31:00 PM
Rank: Member

Joined: 4/26/2008
Posts: 132
Looks like this envelop affairs is causing jitters at the NSE. I was keen on exiting some counters like Centum but the drops will delay this.



Everyday!
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Kaigangio
#2 Posted : Tuesday, July 14, 2009 1:50:00 PM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
The dip has got nothing to do with the envelop. This is a market correction taking place. It had been predicted a while back by SKerians here. Why not sell as they go down and by them back when they reach the bottom....

NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB
...besides, the presence of a safe alone does not signify that there is money inside...
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Njunge
#3 Posted : Tuesday, July 14, 2009 2:46:00 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Gizzard,

Me thinks this is neither a dip nor a correction.It's a fall....a hard fall.......Too many things working against NSE.Unstable government ( Read envelope ),power rationing (Higher cost of doing business) and yes.....A looming famine (And this one will make what we are experiencing look like play stuff ).


Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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kishindo
#4 Posted : Tuesday, July 14, 2009 7:04:00 PM
Rank: Member

Joined: 1/11/2008
Posts: 121
interesting turn of events,when are the govt. bonds and t-bills for filling the budget gap likely to hit the market? They may/will 'aid' the correction further...my thoughts..

less is more for Architects only!!
Less is more....for Architects only!!
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VituVingiSana
#5 Posted : Wednesday, July 15, 2009 5:31:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
watch c kirubi. He has borrowed chumz. Margin. Will be interesting.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kaigangio
#6 Posted : Wednesday, July 15, 2009 6:55:00 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
As at 9.50am the greens on the live feed are just too few...the increamental margins are too small.....Should we be set for real shock today??? It appears likely!

NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB
...besides, the presence of a safe alone does not signify that there is money inside...
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VituVingiSana
#7 Posted : Wednesday, July 15, 2009 7:20:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
I agree. The negatives outpace the positives by a large margin. EA Cables have good results & expect a better 2H 2009. That said,the market does not care much

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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stocksguru
#8 Posted : Wednesday, July 15, 2009 7:27:00 AM
Rank: Member

Joined: 4/19/2007
Posts: 68
On the overall,foreigners are getting into NSE,while we stare at the 'greens'
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VituVingiSana
#9 Posted : Wednesday, July 15, 2009 8:01:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
Yep,net purchases are by foreigners. No counter shows net sales by foreigners. And in typical Kenyan fashion,the pumbavus watalia ati wa-foreigners own the country.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#10 Posted : Wednesday, July 15, 2009 8:16:00 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
The drops are the typical knee jerk reactions that I have seen on the NSE many times over. Share prices fall and guys run for the hills. But as you may observe the volumes on offer are fairly low,and whatever is available on the liquid counters is being snapped up by foreigners. This is the time to be buying,albeit spreading out the purchases over the next few days. In two weeks time or less,I expect prices to be on the up again as bank results start trickling in and full year results for the June year-ends. I am plunging in!

Opportunity calls but few respond.
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