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Despite the rally, notable laggards.
Much Know
#11 Posted : Monday, January 18, 2010 10:12:05 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
Turnover(headed to KES 1billion)says something about what to expect. The last time we did billions was somewhere September to end of 2008 thereabout. I am reminded of that good old 10% bus that got a flat a few yards down the road, but this bus!!
Ras Kienyeji Man
mukiha
#12 Posted : Monday, January 18, 2010 10:49:11 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
YTD:

32 are up, lead by KQ [30%] MSC [26%] and SCOM [22%]

16 are flat

14 are don, trailed by Wiliamson [11%], City Trust [9%] and SGL [8%]
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mdosi
#13 Posted : Monday, January 18, 2010 11:30:03 AM
Rank: Member

Joined: 2/1/2007
Posts: 112
Location: Nairobi
This bull must have taken a shot of adrenalin. Looks like you don't have to be very savvy to make a good pick right now. There are many buses and bicycles amidst them.
It's amazing what you can achieve when you get rid of fear.
Much Know
#14 Posted : Monday, January 18, 2010 11:40:14 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
should wanjiku jump in or bail out? what will wanjiku do?
Ras Kienyeji Man
Kamaa
#15 Posted : Monday, January 18, 2010 11:49:55 AM
Rank: Veteran

Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
i don't see this upbeat mkt endure for long..

for those who've reaped it's time to cash in before the counters start to dive..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
VituVingiSana
#16 Posted : Monday, January 18, 2010 11:58:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@mdosi - True... but some will be able to maintain the current price as results come in...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kaffir
#17 Posted : Monday, January 18, 2010 1:29:35 PM
Rank: Member

Joined: 5/8/2008
Posts: 77
I think its more of an upward correction, than a bull run. Prices were artificially depressed, and they are now seeking their true values, spurred by new money.
Hopefully, our good old contributors like Jammo, Mainat, etc will now re-start posting actively!
moneydust
#18 Posted : Monday, January 18, 2010 3:07:37 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
> I dont think much of this bull run

>Its too sudden and too strong

> Its neither supported by fundamentals-the whole of last year companies were reporting stagnating or declining profits.This should b a reflection of what the full year should b.So what has changed???

>demand/money after shares has increased exponentially, on the other hand supply has not increased in proportion.

safcom is a clear example of a company struggling to increase its profits.I bet the profit will b around the same as last years.

The bull run will last as long as the increased money lasts

My advice is therefore if u have made money from this ..maybe its not a bad idea if u cashed out now.
sparkly
#19 Posted : Monday, January 18, 2010 8:37:59 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@kaffir, i agree that this is a correction. The nse fell in Q4 2009 while the major world indices gained -Perceived political risks and low corp earnings. I expect prices to stabilise sooner than later.
Life is short. Live passionately.
VituVingiSana
#20 Posted : Tuesday, January 19, 2010 7:55:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@moneydust - The optimism is about 2010 NOT about the pathetic & tough 2009...

Of course, the year has barely started so...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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