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mini correction in the offing
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ndumesidubu
#11 Posted : Tuesday, November 09, 2010 10:52:48 AM
Rank: New-farer

Joined: 10/31/2010
Posts: 11
Location: nairobi
sheep wrote:
The Feds are the ones to decide..if they go on with QE..stocks will most likely rally,though its not a given.

Sheep, I personally think its the craziest thing in the world to spit out bank notes , stinks like some African dictator panicking from an economy running out of control..or trying to buy his son a new jet. But who can argue with Bernanke.
"Individuals who cannot master their emotions are ill-suited to profit from the investment process."
Benjamin Graham
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the deal
#12 Posted : Monday, November 15, 2010 11:13:14 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Key point to watch is 4500 of the NSE 20 it's proving to be a huge pillar of support...if we break that then a mini bear is upon us...4700 is the key resistance at the moment.
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Sufficiently Philanga....thropic
#13 Posted : Tuesday, November 16, 2010 11:38:11 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
The mid month effect has taken its toll on the NSE with most stocks flat as at mid morning, SCOM down to 4.50, Kengen had gone below 16, and generally with most stocks supply overwhelming demand.
Truly at this time Cash is King!
I'm not seeing the profit taking proceeding for long, the mkt is due for a turnaround any time!
@SufficientlyP
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Sober
#14 Posted : Tuesday, November 16, 2010 11:52:21 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
the deal wrote:
Maybe its underway...


with the stagnating of the prices as it is now. i guess it is here with us already.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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mlennyma
#15 Posted : Tuesday, November 16, 2010 3:29:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ngai,ngai,ngai !! The nse meltdown is the right name here and not a mini-correction...if this trend continues we could land below 4000 before xmas.
"Don't let the fear of losing be greater than the excitement of winning."
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mwanahisa
#16 Posted : Tuesday, November 16, 2010 3:41:24 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
mlennyma wrote:
Ngai,ngai,ngai !! The nse meltdown is the right name here and not a mini-correction...if this trend continues we could land below 4000 before xmas.


That's the spirit mlennyma. Spread the panic, the NSE is crashing (*100).

You will really help many of us who have been wanting to buy into some counters.

How about some predictions?:

1. KQ to hit 35 by Dec 15;
2. Equity Bank to slump to 24 by Dec 1;
3. KPLC to trade close to its rights price of 150 by Nov 29.

etc, etc.
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Sober
#17 Posted : Tuesday, November 16, 2010 4:26:44 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
mwanahisa wrote:
mlennyma wrote:
Ngai,ngai,ngai !! The nse meltdown is the right name here and not a mini-correction...if this trend continues we could land below 4000 before xmas.


That's the spirit mlennyma. Spread the panic, the NSE is crashing (*100).

You will really help many of us who have been wanting to buy into some counters.

How about some predictions?:

1. KQ to hit 35 by Dec 15;
2. Equity Bank to slump to 24 by Dec 1;
3. KPLC to trade close to its rights price of 150 by Nov 29.

etc, etc.



for KPLC it is a special counter because of the activity involved. ever heard of a conversion cum rights come split coming rights issue.you wait for a lower price from this week's and you will regret.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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mlennyma
#18 Posted : Tuesday, November 16, 2010 4:47:02 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Just a matter of time kplc will crash to 150's
"Don't let the fear of losing be greater than the excitement of winning."
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2012
#19 Posted : Tuesday, November 16, 2010 4:57:42 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mlennyma wrote:
Just a matter of time kplc will crash to 150's


All the best if that's what you're waiting for. My advice, buy now or forever hold your peace. I'm sure the rebranding that will come soon after will give this counter the attention it deserves and there'll be no looking back.

BBI will solve it :)
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  | | Edit by user: Tuesday, November 16, 2010 5:01 PM | Reason: Not specified
the deal
#20 Posted : Tuesday, November 16, 2010 5:16:19 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
This is just a mini correction the market will turn up we just need to scratch the 4500 mark...no need for panic...
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