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Taking positions for 2010
guru267
#181 Posted : Friday, April 23, 2010 5:48:22 AM
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 Shame on you
Mark 12:29
Deuteronomy 4:16
obiero
#182 Posted : Friday, April 23, 2010 6:27:44 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
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..

KQ ABP 4.26
guru267
#183 Posted : Friday, April 23, 2010 7:46:04 AM
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!!! Sad
Mark 12:29
Deuteronomy 4:16
obiero
#184 Posted : Friday, April 23, 2010 8:05:44 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
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

KQ ABP 4.26
VituVingiSana
#185 Posted : Friday, April 23, 2010 4:02:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
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
gladiator
#186 Posted : Saturday, April 24, 2010 5:52:54 PM
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
cnn
#187 Posted : Saturday, April 24, 2010 6:09:28 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@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.
gladiator
#188 Posted : Sunday, April 25, 2010 6:39:56 PM
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.
VituVingiSana
#189 Posted : Sunday, April 25, 2010 7:04:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
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
sparkly
#190 Posted : Sunday, April 25, 2010 7:33:23 PM
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.
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