Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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jerry wrote:Pesa Nane wrote:Whenever I remember my Ksh. 49.50 a piece mumias sugarless shares, I can't help but wonder "what was I thinking?" Some stocks at todays prices will elicit the same sentiments sometime into the nearer future Name some! Aguytrying wrote:I have now seen the signs of the bull and its slaughter. If you looked at the NSE today you'd be forgiven for thinking you were looking at 2010. The casual investors are gaining confidence in the market day by day. They know how much safcom is trading at. wait for the headlines when it reaches 10.00.
For other investors, this should really be a time of fear, fear of extreme over valuation. do you sell, do you hold? you certainly cant buy over valued counters? or can you? choice is yours.
It will be a time of great joy until its not. the oil finds complicate issues, the bull may last a long long time and if the market start rallying like crazy every year, who will want to be left of stocks?
That's why i say its a time to be fearful. Fortunately, there are some counters that for one reason or another have not joined the fair valuation bandwagon or are "only" fairly valued ( we can now afford to be ok with fairly valued) so that gives some respite for now. Pesa Nane plans to be shilingi when he grows up.
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