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How to tell NSE has bottomed out
youcan'tstopusnow
#2531 Posted : Thursday, March 07, 2013 8:06:26 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Aguy, hehe. Very true. Seems folks sold off the market waiting for an Armageddon scenario:

Ignore politics and macroeconomics when picking stocks.


"We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.
"But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

Source: Warren Buffett's Chairman's Letter, 1994
GOD BLESS YOUR LIFE
youcan'tstopusnow
#2532 Posted : Thursday, March 07, 2013 8:12:19 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Aguytrying wrote:
youcan'tstopusnow wrote:
youcan'tstopusnow wrote:
Only 6 counters were down today. Will we see 4600?

15 points shy of 4600:

Some 37M shares valued at Kes.393M were traded in 1,300 deals, down from 34M shares that were valued at Kes.421M posted yesterday.

The NSE 20 Share Index notched up 38.24 points to stand at 4585.07.
All Share Index (NASI) was up 1.02 points to stand at 110.30.

The Bond market had bonds worth Kes.1.55bn transacted

Update: They do give the FTSE figures in their website:

FTSE NSE Kenya 15 Index 145.35
FTSE NSE Kenya 25 Index 148.51


@ycsun. This place is quiet nowadays.

The market is heading to 5000 as people are following "erections"


I trust you know what to do when 'noise' reaches fever pitch;-)
GOD BLESS YOUR LIFE
ChessMaster
#2533 Posted : Thursday, March 07, 2013 9:51:21 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Found it to be a great day.Quite a few stocks hit 9%.The stock that caught my eye,KenyaRe.HFCK looked interesting although I'm uncertain whether its ready for a rally.Tomorrow will be interesting.
Uncertainty is certain.Let go
hisah
#2534 Posted : Thursday, March 07, 2013 10:20:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@aguy - shhh... don't wake up the rest while jumping the queue smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#2535 Posted : Friday, March 08, 2013 5:28:59 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
ChessMaster wrote:
Found it to be a great day.Quite a few stocks hit 9%.The stock that caught my eye,KenyaRe.HFCK looked interesting although I'm uncertain whether its ready for a rally.Tomorrow will be interesting.


You've doubted HFCK even when it was sub 20.00. keep watching, 30.00 by end year.
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#2536 Posted : Friday, March 08, 2013 5:33:59 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
youcan'tstopusnow wrote:
Aguy, hehe. Very true. Seems folks sold off the market waiting for an Armageddon scenario:

Ignore politics and macroeconomics when picking stocks.


"We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.
"But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

Source: Warren Buffett's Chairman's Letter, 1994


so so true. Stock buying not related to time of the year, day of the week, weather pattern, alignment of stars or other events.
on a personal note, im looking to buy soon. found myself in higher cash position, due to kengen "rights" issue debacle
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#2537 Posted : Friday, March 08, 2013 5:35:40 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
@aguy - shhh... don't wake up the rest while jumping the queue smile


sawa boss. CFCI!!! laha ndani ya loho. moving with britak, jana pushing for upper day limit.
The investor's chief problem - and even his worst enemy - is likely to be himself
ChessMaster
#2538 Posted : Friday, March 08, 2013 10:39:07 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Aguytrying wrote:
ChessMaster wrote:
Found it to be a great day.Quite a few stocks hit 9%.The stock that caught my eye,KenyaRe.HFCK looked interesting although I'm uncertain whether its ready for a rally.Tomorrow will be interesting.


You've doubted HFCK even when it was sub 20.00. keep watching, 30.00 by end year.


I don't doubt HFCK at all.Check my previous posts.

Let's see how badly investors want KenyaRe.
Uncertainty is certain.Let go
youcan'tstopusnow
#2539 Posted : Friday, March 08, 2013 12:46:25 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Seems green is the colour of choice today. Oh well...
GOD BLESS YOUR LIFE
ChessMaster
#2540 Posted : Friday, March 08, 2013 12:52:14 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
I agree.I think its time for the rally to begin.
Uncertainty is certain.Let go
570 Pages«<252253254255256>»
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