wazua Wed, Mar 25, 2026
Welcome Guest Search | Active Topics | Log In

7 Pages«<34567>
The writting on the wall
Wa_ithaka
#41 Posted : Thursday, March 10, 2011 9:56:45 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Given March-May rains forecast to be below normal, I'd say the market is still massively overvalued. By a good 20%.
The Governor of Nyeri - 2017
jawz1
#42 Posted : Thursday, March 10, 2011 9:59:53 AM
Rank: Member

Joined: 8/4/2008
Posts: 205
Location: Nairobi
Wa_ithaka wrote:
Given March-May rains forecast to be below normal, I'd say the market is still massively overvalued. By a good 20%.


Looks like the market agrees with you; there's blood on the floor of the NSE with almost all counters in red!
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
VituVingiSana
#43 Posted : Thursday, March 10, 2011 10:03:48 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
jawz1 wrote:
Wa_ithaka wrote:
Given March-May rains forecast to be below normal, I'd say the market is still massively overvalued. By a good 20%.

Looks like the market agrees with you; there's blood on the floor of the NSE with almost all counters in red!
good thing I am generally a contrarian... Pray Pray Pray

The drought will hurt us but that is temporary [tho Kenyans need to stop breeding like rabbits] until it rains...

It will rain but will we be ready?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
msupious financially
#44 Posted : Thursday, March 10, 2011 10:03:48 AM
Rank: New-farer

Joined: 1/17/2011
Posts: 70
Tommy wrote:
This is bad, and i cant see a relief in sight, I think that its time i dust myself and pick up the pieces and start bargain hunting. @Msupiuos, Optimism wont help, i suggest jumping off.



Weighing my options now, its getting worse n worst everyday.
Surealligator
#45 Posted : Thursday, March 10, 2011 10:24:30 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
Muthawamunene wrote:
@surealligator come slow now. mdogo mdogo. Yes we lost more than stocks in '08. but habouring hate will only bring more anguish. Life will screw the perps in its own way. For now, lets scoop up what we can manage out of this madness.

if your portfolio has not lost more than 17% then sijui uko nse gani


@Muthawamunene

The only share I was still holding was 10000 BBK. I sold them in mid Feb 2011 at 70 bob. Now I don't have a single share at the NSE.

So, am not hating. I was only saying, the situation that helped cook my goose in 2008 was a case of my short sightedness. This time, am seeing very far.

I have put in 4m into the 30yr bond at 12%. Another similar amount has gone to land. The rest of the portfolio is in Cash. The only thing that can bring down the NSE is some action on the streets. Blood on the streets. Then, I can move in for the kill.

That is why am asking my kin, Ruto, to do something sooner than later.

I know those still holding shares at NSE have crossed their fingers. I have learnt to operate like foreign investors. When there is political uncertainty, move out. The earlier the better. Even if the crisis does not happen, you still sleep easy and you can always come back.

There is a guy here whom I advised to sell his shares in Jan except BBK. Told him to sell BBK after they announce end yr results. I gave advice based on what I was doing.

Right now, the government is split in the middle about ICC. The worst part will come if either of the 2 principals is summoned.

If you think Ruto wont sing, you are very wrong. Actually, Uhuru, Muthaura and Ali are not pushing the government. MK is pushing the government to stop the case for fear the O6 might spill the beans.

We all want impunity to end but not at the expense of national stability, we want impunity to end starting with George Bush, we want impunity to end but not by propping up American impunity on Africa.

Why are our leaders answerable to America? Why is Obama not answerable to Museveni. The day we will have leaders who are not answerable to western leaders, there will be hope. Among the bad leaders we have, a few will emerge and steer their countries to prosperity. Remember Singapore, china etc. They made it on their own cauze some idiot did not insist on them answering to some gangster elsewhere.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
VituVingiSana
#46 Posted : Thursday, March 10, 2011 10:30:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
Surealligator wrote:
Why are our leaders answerable to America? Why is Obama not answerable to Museveni.
Simple. Obama does not kill his own countrymen. In 2000, there was a disputed election. Very, very close. The Americans did not draw their guns, unpack machetes, burn churches or kill farmers who were originally from other states...

They went to court. Finally, one said... enough is enough... Let's not tear the country apart [btw, bila violence] & went on to command respect for his other work... Gore was not hounded by Bush... Gore did not go around bad-mouthing Bush in public...

Life went on. There was no fear that Democrats would [physically] attack Republicans or vice versa...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Simplified
#47 Posted : Thursday, March 10, 2011 10:43:00 AM
Rank: Member

Joined: 11/26/2009
Posts: 67
Location: Pare pare
@surealligator
Shame on you Siasa mbaya maisha mbaya. Disputed elections are no justification to kill your neighbour. I see the hand of God in the Hague process. No matter what they do,that bus is going down. You forget we are answerable to the west due to aid dependency that is inspired by the maize,goldenberg et al scandals.
If it makes you happy,by vision 2030 we will be answerable to the chinese. Stock market wise uko poa but kisiasa umechemsha.
Back to the market....Just released Kenol kobil to get me liquid....timing is of the essence but darkness is all I can see.
Hug the bear....ride the bull.....di$mount!!!
blaksheep
#48 Posted : Thursday, March 10, 2011 10:58:10 AM
Rank: Hello

Joined: 3/10/2011
Posts: 2
I be feeling this good vibe about the NSE...at least now the future looks a bit brighter...buying my fav stocks at p/e's of less than 10...glad I took a small hiatus from the market.
Fyatu
#49 Posted : Thursday, March 10, 2011 10:58:35 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
i'm looking at richLIVE......someone has just sold COOP at 16 bob....what???
Dumb money becomes dumb only when it listens to smart money
Njung'e
#50 Posted : Thursday, March 10, 2011 11:31:11 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
massacre!!
Nothing great was ever achieved without enthusiasm.
7 Pages«<34567>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.