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Market correction after Refurendum????
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oam
#1 Posted : Thursday, August 05, 2010 10:46:25 PM
Rank: New-farer


Joined: 7/20/2010
Posts: 17
Location: kenya
Will this come very soon or might take some time after the announcement???
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tkzee
#2 Posted : Thursday, August 05, 2010 11:04:43 PM
Rank: Member


Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
At the moment there seems to be limited supply on most counters which means the rally would still continue.The test will be whether the market touches the 5000 mark,then we may see some weaknesses.
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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youcan'tstopusnow
#3 Posted : Thursday, August 05, 2010 11:05:09 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
So called market corrections do not bother me. I believe the market is where it should be. If you feel a counter you are holding is overvalued, then sell and get an undervalued one. If not, then a drop in price (not value) is an opportunity to get more shares. (refer to KENOL/KOBIL threads and see how VVS managed to scoop more Kenol thanks to the incompetence of NMG writers)
GOD BLESS YOUR LIFE
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guru267
#4 Posted : Thursday, August 05, 2010 11:30:02 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Market correction??? Whoever would be dumb enough to drive down share prices now please be my guest... I'm sitting on alot of cash
Mark 12:29
Deuteronomy 4:16
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qw25041985
#5 Posted : Friday, August 06, 2010 1:46:27 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
What are u guys talkin abt ????? ofcourse market correction has started !!!!! the index is at an RSI of 72 and that means its over-bought...so i suggest you get out (as in take profits) before every tom dick and harry does....Today - Friday : KQ will .close down .Safaricom will also close down.KCB will also close down.
so if anyone is wondering about market correction its here with us...
Your future depends on your dreams so go to sleep !
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PKoli
#6 Posted : Friday, August 06, 2010 9:54:04 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@qw25041985

The market will open in a short while. What are the reasons for your predictions for the decline of the stocks you have just mentioned. They are already low!
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mv_ufanisi
#7 Posted : Friday, August 06, 2010 9:57:09 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
guru267 wrote:
Market correction??? Whoever would be dumb enough to drive down share prices now please be my guest... I'm sitting on alot of cash


So what are u planning to get into?
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speculator
#8 Posted : Friday, August 06, 2010 10:45:22 AM
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Joined: 12/1/2009
Posts: 75
Location: nairobi
Made a big mistake goin liquid a big way fearin referendum. Waitin for bargains to show up.
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Wa_ithaka
#9 Posted : Friday, August 06, 2010 10:51:52 AM
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Joined: 1/7/2010
Posts: 1,279
Location: nbi
Very unlikely. Market will now be pricing an uninterrupted period (barring any droughts) of economic growth until 2012.

Saying that, I think I am almost done on the buying side apart from Centum if it has any weak periods.
The Governor of Nyeri - 2017
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sparkly
#10 Posted : Friday, August 06, 2010 10:52:39 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
speculator wrote:
Made a big mistake goin liquid a big way fearin referendum. Waitin for bargains to show up.

@speculator, no wonder going by your screen name. I approximate your cost of going liquid at 10%, being 4.5% to sell out then buy back into the market and 5% rise in stocks over ref period.
Life is short. Live passionately.
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sparkly
#11 Posted : Friday, August 06, 2010 10:56:12 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wa_ithaka wrote:
Very unlikely. Market will now be pricing an uninterrupted period (barring any droughts) of economic growth until 2012.

Saying that, I think I am almost done on the buying side apart from Centum if it has any weak periods.

@w i agree mimi tanunua kcb tu.
Life is short. Live passionately.
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speculator
#12 Posted : Friday, August 06, 2010 11:50:06 AM
Rank: New-farer


Joined: 12/1/2009
Posts: 75
Location: nairobi
sparkly wrote:
speculator wrote:
Made a big mistake goin liquid a big way fearin referendum. Waitin for bargains to show up.

@speculator, no wonder going by your screen name. I approximate your cost of going liquid at 10%, being 4.5% to sell out then buy back into the market and 5% rise in stocks over ref period.

We need an Ipo to cool this market. What happened to bread maker ipo. Consolidated bank privatisation?.
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sparkly
#13 Posted : Friday, August 06, 2010 11:55:05 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
speculator wrote:
sparkly wrote:
speculator wrote:
Made a big mistake goin liquid a big way fearin referendum. Waitin for bargains to show up.

@speculator, no wonder going by your screen name. I approximate your cost of going liquid at 10%, being 4.5% to sell out then buy back into the market and 5% rise in stocks over ref period.

We need an Ipo to cool this market. What happened to bread maker ipo. Consolidated bank privatisation?.

There is also supposed to be a second offering for kengen?
Life is short. Live passionately.
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PKoli
#14 Posted : Friday, August 06, 2010 11:55:48 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@sparkly
Agreed on KCB.
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Horton
#15 Posted : Friday, August 06, 2010 12:07:54 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
And the euphoria fades!!!
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VituVingiSana
#16 Posted : Friday, August 06, 2010 12:11:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
Now it's back to WORK... Unless Kenya gets back to work to produce real wealth the market will stagnate or drop!

Anyway, I see fewer Referendum discussions in the streets which means folks are moving back to putting ugali on the table...

The key are regional markets. We need to push the neighbouring countries esp Tanzania to open the markets to us not just South Africa & China.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#17 Posted : Friday, August 06, 2010 12:17:16 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@VituVingiSana

We should take advantage of the few markets open to us like USE and trade. Volumes on USE are very thin, implying minimal participation by Kenyans. Last year, there was a day when no single trading occured on USE!
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qw25041985
#18 Posted : Friday, August 06, 2010 12:18:53 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
Now who are those who are buying KCB how about you wait even 4 the rights to start trading !! And i wld suggest first u guys to wait for the correction to near its end then u cn buy bk. Its too early to buy now .....
Your future depends on your dreams so go to sleep !
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PKoli
#19 Posted : Friday, August 06, 2010 12:31:02 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
qw25041985,

I am not sure whether the price will come down. I am convinced that KCB at 19 bob is a bargain, I do not have to wait to fight with the market. I am taking all my profits from CFC to KCB.
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Evolve
#20 Posted : Friday, August 06, 2010 12:35:03 PM
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Joined: 9/25/2007
Posts: 96
KCB is a bargain for the long haul. If one is looking for quick gains it might take long.
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