Genghis Khan wrote:...bears make money...
I am not planning on selling anything else this year...
I hate that USD is @90, oil, infaltion, rain, etc. ... but generally the fundamentals don't look as grim, I expect most companies to still grow profits... no?
I will buy in small bits all the way to the floor (if thats where we are going)... na ikipanda bado tunanunua kidogokidogo... bei ya mkate ikishuka, furahia unless you are a baker!
@deal... "KCB has underperformed market for 4yrs"... allow me to assume that since the price has not risen dramatically, then it is cheap. And i should buy?? (since it has remained profitable and will be more so)
I also think that any cash I hold will do much worse than stocks so I buy...
I'd decided sometime last week to slow down the shopping spree or even stop, my broker resisted and asked me to go see her.
This morning I had a 30min chat with her and she didn't have a clear plan for me.
I killed the standing orders and I'm concetrating on clearing my business overdrafts...
I'll even open a fixed deposit account if the tide still hasn't turned in a few months...
In the meantine, I watch & wait... it will turn eventually. And I will be waiting with CASH.
Had thought I would buy all the way to the floor... but the bottom may not be nigh!
I've changed tact... only a fool doesn't change his mind.
I'm still bullish on KCB, small orders spread all over...
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE