Wazua
»
Investor
»
Stocks
»
Taking positions for 2010
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
mkonomtupu wrote:guru267 wrote:has any one seen equity's trade... damn... 10,963,000 shares... this market is racing in the months when it should start becoming quiet... Guru, remember I told you on another thread that NSE has a trend of peak and dips in certain months of the year. @mkonomtupu i remember what you told me... you said march to april the market experiences depressed trading and interest... how wrong you were  Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
|
anyone intending to buy big at this time must have a huge appetite for risk. the opportunity was early last year. the market is starting to look overpriced and any negative event may cause people to go kamikaze..
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
@obiero hakuna kitu which is overpriced... the market is using future earnings as the bench mark... but this bull is crazy... i'm trying to finalize some positions but damn the prices are running too fast!!!  Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
|
man! i gave up last week! kwanza the financials have js gone insane! waiting for end year when the market will calm down.. hopefully! lol
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
|
Future profits matter and there is a lot of optimism in the market & economy... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Member Joined: 8/25/2006 Posts: 101
|
Looking at the charts, I think people should start taking profits now. Volumes are falling significantly with every upturn cycle and shares are looking overpriced when you consider their PE. The rise in share price is much higher than rise in earnings. I predict this current run will be the last for a while before a significant correction, but we should still close above 4000 for the year
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
@gladiator,take equity as they are the ones we already have 1st quarter results,assuming the same momentum is kept to year end and a 40% growth in EPS. Then the forward PE at current price is 18.4/1.596=11.52, is that overpriced?.True some counters like mumias look expensive to me,but financials,Kenol and KPLC if they could stop taking forever with the restructuring process are still well priced.
|
|
|
Rank: Member Joined: 8/25/2006 Posts: 101
|
I do not claim that all stocks are overpriced (that is why I personally still have a hold on EQTY that I bought a November last year). What I am saying is that this rally will probably not last long especially given the way the charts are trending. I expect that as soon as more banks release the Q1 results, there will be a major correction. This correction should provide another good buying opportunity to buy in too the market for the rest of the year.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
|
For many folks (well, I for one) dont really care too much about the short-term fluctuations... Unless the idiots who believe all the crap the politicians say go crazy... the overall trend will be higher... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
@gladiator if you have the money, your last chance to buy. Stocks have been rising since march last year. The rise is never steady but rather in spurts and bursts. If you dilly dally you end up buying at high prices which will increase chances of loses, unless if you are a reasoned trader. Life is short. Live passionately.
|
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
This is the time I am supposed to sleep like a sloth,watch the market work itself.I have no purchasing power and I am not willing to sell. 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: 3/16/2009 Posts: 1,464
|
@ Sheep, That makes two of us 
|
|
|
Rank: Member Joined: 9/22/2008 Posts: 79
|
So when do you think this bull run will last
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
mwala wrote:So when do you think this bull run will last @mwala this bull is being driven by fundamentals hence it may last more than a year or even until the next crisis 10 years from now... but be sure there is nothing temporary going on here though you can expect a few market corrections here and there.... Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Mwala, guru is right. This bull run IS driven purely by fundamentals. The economy is picking up well and companies are set for a period of growth. A new constitution will send a good signal to investors. Personally I'm not considering selling any time soon. I see myself holding what I have for long. Maybe I'll only sell to get money for KPLC after the split or the EAPC public offer when the government sells its stake, or any IPO which will be in the offing this year (KPC, KWAL, etc) GOD BLESS YOUR LIFE
|
|
|
Rank: Member Joined: 8/25/2006 Posts: 101
|
@sparkly
I am seasoned trader and usually re-balance my portfolio about 2 times a year. What I mean is that I expect a major correction in a month or so and that should provide a perfect opportunity to cash out some gains now and look for better opportunities in this current bull run
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Gladiator, seems like you/the charts? were right. Equity,Kenya-Re,Access Kenya,Mumias and many others went down giving people an opportunity to get a piece of the pie. But I don't see the lull lasting for long. Maybe this week was the proverbial, "lull before the storm?" A good storm, that is.(If there is such a thing) GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Mumias is currently trading at 13.60/= Where the hell is Mututho when you need him? I need him and his committee to release some more "threats" so that the counter can go down. I'm afraid it will go past 14 bob before I'm finished stacking up on some more Mumias. GOD BLESS YOUR LIFE
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
@youcant.... dont wait for anyone to say anything... if you see value in a stock at its current value buy!! buy!! i also waited for Kenol Kobil to go down when it was at 84... Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
|
@guru - Kenol is 102 now... and no sellers... I see 110/- by Friday... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Taking positions for 2010
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.
|