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ANOTHER BUY OPPORTUNITY IS COMMING
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slicky d
#1 Posted : Thursday, August 27, 2009 12:46:00 PM
Rank: Member


Joined: 10/6/2006
Posts: 22
another buy opportunity is comming soon. who is a chartist to tell us arround where the market will bottom so that we can buy 2 weeks before?

The stock market is not for the faint hearted. The US market has had over 50 market corrections in 70 years
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sheep
#2 Posted : Thursday, August 27, 2009 3:13:00 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
I am no chartist but I have observed two resistance levels between 3450 on the upside and 2800 on downsides.Right now my focus is whether the index will cross 3000,if it does I wait to see if it crosses 2800pts,but if there is any slight sign of resistance before crossing 3000pts I will make my first purchase if it moves up will I buy more and so on but if it moves below I will sell faster than lightning......well thats how I trade nowadays and it hasnt let me down since march but you need a very fast broker or agent or you will live to regret also you have to resist frequent trading coz you always loose.my two cents
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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murenj
#3 Posted : Thursday, August 27, 2009 7:33:00 PM
Rank: Member


Joined: 7/22/2008
Posts: 851
Location: nairobi
The supply on most counters is thinning out. The drop in prices has slowed down. It is time to make purchases but in small amounts.

Muthonwa a Agikuyu
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Mainat
#4 Posted : Friday, August 28, 2009 5:22:00 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
More likely to touch 3,000 than 3,200 in the short-term.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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across
#5 Posted : Friday, August 28, 2009 11:11:00 AM
Rank: Member


Joined: 5/7/2008
Posts: 54
I think as much as the NSE index gives a pointer of where the market is headed,at times it doesnt give the real picture of the bargain prices available especially given the heavy weighting that safaricom and equity have on the index. I would rather assess buy opportunities on a counter by counter basis by looking at both fundamentals and technical aspects as opposed to concluding solely based on the index levels.
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mv ufanisi
#6 Posted : Friday, August 28, 2009 12:07:00 PM
Rank: Member


Joined: 12/13/2006
Posts: 108
2009 is shaping up to be a very tough year for the Kenyan economy. We are hit hard by multiple calamities - after effects of PEV,political wrangling,drought,depressed world market,corruption at the NSE,poor leadership. It just looks bad at the moment even though we were almost getting out of the worst in February - March. Looks like we might be slipping back.
Right now it remains to be seen what can save us and get us out of the mud. Any ideas?
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