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We are in a Bear Market: Whats your Strategy?
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Muthawamunene
#21 Posted : Monday, March 28, 2011 10:13:09 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
For Sport wrote:
youcan'tstopusnow wrote:
Don't try to time the market. Just buy gradually.


This works for me. I’m pathetic at timing. Have been investing a regular amount on a monthly basis. Will keep buying all the way to the bottom of this bear.
Main focus is on blue chips, particularly those whose price is way up there in a normal market.
Will be adding me some beer, some banks (BBK, KCB) and maybe some oil – stocks i’ve been holding for some time, and will be happy to hold anytime.

Also keeping a piggy bank (my war chest) in the hope that the doom enough of us are predicting for next year at the nse comes to pass.

When the market turns up, I’ll stop buying and watch people chasing the price up (and starting threads on this and that bus or plane taking off). I have time on my side.



Am pathetic at timimg too. I once chased a stock and it dint end well. It helps when you set a price cap above which you just have to let it go. I also an advocate for regular buying in small quantities. say monthly.
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Cde Monomotapa
#22 Posted : Tuesday, March 29, 2011 4:55:25 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Lots of lungula! Tried & tested in '08.
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Tommy
#23 Posted : Tuesday, March 29, 2011 8:30:34 AM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
Cde Monomotapa wrote:
Lots of lungula! Tried & tested in '08.

meaning.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Cde Monomotapa
#24 Posted : Tuesday, March 29, 2011 9:02:58 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Tommy wrote:
Cde Monomotapa wrote:
Lots of lungula! Tried & tested in '08.

meaning.

Having a lot more sex during bear markets is a good way to weather the period.during the last big bear in 2008 it helped me a lot. "u r either getting paid or getting laid"
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Kirika
#25 Posted : Tuesday, March 29, 2011 9:22:41 AM
Rank: Member

Joined: 1/26/2011
Posts: 211
Location: Nairobi
@ Monomotapa Laughing out loudly Laughing out loudly Laughing out loudly

I've cracked a rib.

I was to make a move last few weeks but then i realized the bear is relentless. Now im sitting on my pile of cash and accumulating more maybe for the next 2 years. Hoping to have built a sizeable war chest in 2013 then swoop down on nice pickings.

In 3 months the NSE has lost 800 pts, with the politics yet to reach fever pitch i think we may be down another 1000pts.

I think its time to hibernate and avoid the bear.
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Cde Monomotapa
#26 Posted : Tuesday, March 29, 2011 9:33:02 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@Kirika.most welcome. Men r said to be smartest immediately after sex & i'd like to think it contributed to me maintaining in the game. Lol!! <thanx 2 tha ol' gal-wouldn't trade u for anything>
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Sufficiently Philanga....thropic
#27 Posted : Tuesday, March 29, 2011 12:27:08 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Bear market it is and may continue for the next one year, but certainly not today, not with a turnover of almost 500M at 12.26PM!
@SufficientlyP
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the deal
#28 Posted : Tuesday, March 29, 2011 1:02:21 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
How low can Jubilee go? hope it holds at 170 bob.
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mwanahisa
#29 Posted : Tuesday, March 29, 2011 9:15:06 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
the deal wrote:
How low can Jubilee go? hope it holds at 170 bob.


Hope it goes lower. Note, I am a shareholder but would like more at a lower price.
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mwanahisa
#30 Posted : Tuesday, March 29, 2011 9:22:49 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
This Comrade Mono...is quite the man! But on a serious note, @Kirika, I am quite willing to bet that the market WILL NOT lose another 1,000 points before end of next year.

I expect a downward trend but with spikes and troughs along the way but I honestly can't see the NSE going down BELOW 2,900 as you suggest, unless there's CIVIL WAR. Maybe I am too much of an optimist, although I have put some cash aside to take advantage of some bargains that will keep on coming (AND GOING). How much do you want to wager, Kirika?

Kirika wrote:
@ Monomotapa Laughing out loudly Laughing out loudly Laughing out loudly

I've cracked a rib.

I was to make a move last few weeks but then i realized the bear is relentless. Now im sitting on my pile of cash and accumulating more maybe for the next 2 years. Hoping to have built a sizeable war chest in 2013 then swoop down on nice pickings.

In 3 months the NSE has lost 800 pts, with the politics yet to reach fever pitch i think we may be down another 1000pts.

I think its time to hibernate and avoid the bear.
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