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What Have You Learnt From Global Stocks Slide ?
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skatotsi
#21 Posted : Friday, May 01, 2009 4:35:00 PM
Rank: Member


Joined: 8/20/2008
Posts: 16
How do we buy gold from here,Kenya?

Mors Tua,Vita Mea. (latin)
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Tusker Baridi
#22 Posted : Friday, May 01, 2009 5:01:00 PM
Rank: Member


Joined: 12/9/2006
Posts: 186
Please stay away from gold,it is so overbought it can only go down from here. And Obama is just doing fine with the economy,the stimulus package will begin to hit the economy soon and the recession should bottom this summer. Going forward longterm,commodities(especially oil and gas) stocks is the way to play the recovery period.
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sheep
#23 Posted : Saturday, May 02, 2009 8:32:00 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
Buy gold? No way! If you havent noticed the great panic of 2008 is over and capitalism survived.The bull run is already started albeit slow
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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VituVingiSana
#24 Posted : Saturday, May 02, 2009 6:01:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
WB (rather Berkshire Hathaway) is poised for great gains as the US economy improves. BH is buying assets on the cheap. Expect other deals in 2009 that will boost BH's insurance business.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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netscape
#25 Posted : Sunday, May 03, 2009 8:48:00 AM
Rank: Member


Joined: 6/30/2007
Posts: 5
Yes Buy gold guys,you will not regret! Obama aint doing any good to the economy,he is just making things worse,period! What is needed is for the market to correct itself and not government to interfere with the market. That is basic economics. Those prices for goods e.g houses are too high and need to re-adjust,so interfering with it causes another big problem.
For your information dont expect American economy to recover soon,it will take time even upto a decade. So dont be surprised,just buy gold.

Our tomorrow depends on life's present efforts {input}.
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chemos
#26 Posted : Sunday, May 03, 2009 10:43:00 AM
Rank: Elder


Joined: 11/28/2006
Posts: 1,799
@netscape...

ARE U A GOLDSMITH?
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Goals
#27 Posted : Tuesday, May 05, 2009 12:46:00 PM
Rank: Member


Joined: 10/6/2008
Posts: 118
My Greatest lesson is to take profits as soon as possible. I used to prepare daily analysis of expected earnings but never realised it. Cant compare the anaylitical review of both periods.

Property has good returns except for conmen.



I can teach anybody how to get whatever they want out of life. The problem is that I can't find anybody who can tell me what they want.' Mark Twain
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VituVingiSana
#28 Posted : Tuesday, May 05, 2009 1:09:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Many stocks are 'liquid' i.e. you can sell relatively easily... esp the popular ones like KQ,BBK,EB,etc...

***Property ni ngumu to sell...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Tusker Baridi
#29 Posted : Friday, May 08, 2009 8:05:00 PM
Rank: Member


Joined: 12/9/2006
Posts: 186
After a 8 week bull run on Bank of America(BAC),I sold all my positions and realised an amazing 463% gain!! Just this week,BAC is up almost 80%.It will trade sideways for the next weeks and possibly experience some pullback,might double by mid summer. For me and my money,its time to get off this train and board another train bound for a quick five fold increase.

Happy trading.
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Mainat
#30 Posted : Friday, May 08, 2009 8:37:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Good work TB. Barclays has given similar returns...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Tusker Baridi
#31 Posted : Friday, May 08, 2009 8:55:00 PM
Rank: Member


Joined: 12/9/2006
Posts: 186
Thanx Mainat,yes BAC has been good to me,but I had to take all the money off the table because I have a feeling we might experience a healthy pullback within the next two weeks.

I still maintain my daytrading account(25% of my portfolio) for some quick derivatives tradings otherwise I'm all cash for now. I have an eye on some oil and gas stocks,just waiting for a pullback on crude oil before jumping back for hopefully another quick 5 bagger.

Barclays has to be the best bank in the world right now,and if you imagine BAC almost made a bid for it a few years ago. Now barclays could buy Bank of America easy.
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