Wazua
»
Investor
»
Stocks
»
Madness at the NSE
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
Scooping Safcom at 23....amazing
|
|
|
Rank: Member Joined: 6/1/2017 Posts: 288
|
watesh wrote:Scooping Safcom at 23....amazing This is just my personal opinion but I wouldnt buy Kenyan stocks now until the meltdown of Western markets and coronavirus menace fully plays out.The decline of the Kenyan bourse is largely a result of Western investors selling our shares to meet liquidity margin calls in their faltering markets. The implosion of Western markets is most likely far from over and best to wait to see how that affair plays out.Then again just my opinion Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
|
|
|
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
|
watesh wrote:Scooping Safcom at 23....amazing Leisurely buying more...the fear gauge is extreme before doubling down on the short side when the bounce fades. NSE20 closed at 2236 points yesterday, the drop today will be in the 100+ region meaning a sub 2100 closing is mighty possible. The main purpose of the stock market is to make fools of as many people as possible.
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
slick wrote:watesh wrote:Scooping Safcom at 23....amazing This is just my personal opinion but I wouldnt buy Kenyan stocks now until the meltdown of Western markets and coronavirus menace fully plays out.The decline of the Kenyan bourse is largely a result of Western investors selling our shares to meet liquidity margin calls in their faltering markets. The implosion of Western markets is most likely far from over and best to wait to see how that affair plays out.Then again just my opinion The Western markets will get waaaaay worse in the coming week, once shut down starts in different States. So my take in local stocks, just nibble on stocks which have excellent cashflows, their recovery times are faster once we recover from the virus so booking those gains will be faster then redeploy on those stocks that will take more time to recover. Safcom may go below 20 in the coming weeks and I will still be buying.
|
|
|
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
|
slick wrote:watesh wrote:Scooping Safcom at 23....amazing This is just my personal opinion but I wouldnt buy Kenyan stocks now until the meltdown of Western markets and coronavirus menace fully plays out.The decline of the Kenyan bourse is largely a result of Western investors selling our shares to meet liquidity margin calls in their faltering markets. The implosion of Western markets is most likely far from over and best to wait to see how that affair plays out.Then again just my opinion Agreed.
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,652
|
https://www.businessdail...89384-yb4xl3/index.html
Once WHO declared pandemic your medical cover became useless for corona treatment. You are better off holding onto cash if you or loved one has to seek emergency treatment.
|
|
|
Rank: Member Joined: 7/1/2019 Posts: 119
|
There is no time in my lifetime where the phrase "CASH IS KING" has made more sense than now. I now understand why Warren Buffet keeps loads of cash in his portfolio.
|
|
|
Rank: New-farer Joined: 4/28/2019 Posts: 88 Location: Talai
|
ONE SINGLE CASE OF Coronavirus disease (COVID-19) IS Causing a massive nose dive at nse.. what about days ahead.. God HELP US!
|
|
|
Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
|
Market put on hold...not looking good.
|
|
|
Rank: Member Joined: 5/6/2008 Posts: 199
|
Exchange Announcements
MARKET HALT: We have halted the market in accordance with Rule 9.4.1 (ii) of the NSE Equity Trading Rules. Trading will resume on Monday. 14:49:02
|
|
|
Rank: Member Joined: 5/2/2018 Posts: 267
|
|
|
|
Rank: Member Joined: 9/27/2006 Posts: 505
|
Can confirm my portfolio has taken a beating.
|
|
|
Rank: Member Joined: 6/26/2008 Posts: 399
|
deadpoet wrote:Can confirm my portfolio has taken a beating. But look on the bright side, an opportunity to buy more....
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
xtina wrote:deadpoet wrote:Can confirm my portfolio has taken a beating. But look on the bright side, an opportunity to buy more .... Why would this covid 19 nist be a sampler/ innocurator. Say aftermath may or Will be deadly.a do disater. Buy more murubaines I guess is a better bet than cash us king of shenaniganism. I got flue like symptoms and am keeping in house till kingdom o kam ,Behold, a sower went forth to sow;....
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
muandiwambeu wrote:xtina wrote:deadpoet wrote:Can confirm my portfolio has taken a beating. But look on the bright side, an opportunity to buy more .... Why would this covid 19 nist be a sampler/ innocurator. Say aftermath may or Will be deadly.a do disater. Buy more murubaines I guess is a better bet than cash us king of shenaniganism. I got flue like symptoms and am keeping in house till kingdom o kam Are you high on sanitiser  Life is short. Live passionately.
|
|
|
Wazua
»
Investor
»
Stocks
»
Madness at the NSE
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.
|