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How to tell NSE has bottomed out
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Today I have placed a major bet on a turnaround in the market. My first tranche of funds was deployed as follows:
1.KK @ 10.50
2.Equity Bank @ 23
3.CoopBank @ 14.90
4.East African Cables - between 11.50 & 11.90
The last is purely speculative on account of improved results and the TCL listing. As for the others, I believe they are good counters which have been oversold on account of market pessimism.
Now I wait to see whether this was a foolhardy or an inspired decision.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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mwanahisa wrote:Today I have placed a major bet on a turnaround in the market. My first tranche of funds was deployed as follows:
1.KK @ 10.50
2.Equity Bank @ 23
3.CoopBank @ 14.90
4.East African Cables - between 11.50 & 11.90
The last is purely speculative on account of improved results and the TCL listing. As for the others, I believe they are good counters which have been oversold on account of market pessimism.
Now I wait to see whether this was a foolhardy or an inspired decision. I always envy Carbacid (i don't know why), i am also buying more of safcon (but stepwise i.e. weekly). Now, am never a fan of banks and insurance sectors neither am i in agrics. For me, services and industrial are my stocks! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Carbacid at 111/- today i consider it very cheap. It's a really good buy right now.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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FUNKY wrote:Carbacid at 111/- today i consider it very cheap. It's a really good buy right now. Actually, someone has just scooped it at 110. I tried 3 times to pick it at 121 (4weeks ago) but zote i missed. Labda ni mungu hataki au ananiwekea ninyakue zikiwa 100. Just like Kapchorua, i scooped it at 103, now its at 133, but they are difficult to sell, those agrics are bad! They need to be bought in hundreds not thousands! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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hahaha dunkang...right..some agri shares need to be bought in hundreds only...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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When you log into Wazua and intead of seeing: Users browsing this forum dunkang, Guest (63), innovator, Kaffir, KNM, Layman, liomungai, mycool you see: Users browsing this forum dunkang, Guest (3), innovator, Kaffir, KNM, Layman, liomungai, mycool GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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mwanahisa wrote:Today I have placed a major bet on a turnaround in the market. My first tranche of funds was deployed as follows:
1.KK @ 10.50
2.Equity Bank @ 23
3.CoopBank @ 14.90
4.East African Cables - between 11.50 & 11.90
The last is purely speculative on account of improved results and the TCL listing. As for the others, I believe they are good counters which have been oversold on account of market pessimism.
Now I wait to see whether this was a foolhardy or an inspired decision. Well, T+1 after yesterday's purchases. I know its early days yet, but this is a quick review. Purchases 1,3 & 4 are ALL in the GREEN. Equity is stable.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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mwanahisa wrote:mwanahisa wrote:Today I have placed a major bet on a turnaround in the market. My first tranche of funds was deployed as follows:
1.KK @ 10.50
2.Equity Bank @ 23
3.CoopBank @ 14.90
4.East African Cables - between 11.50 & 11.90
The last is purely speculative on account of improved results and the TCL listing. As for the others, I believe they are good counters which have been oversold on account of market pessimism.
Now I wait to see whether this was a foolhardy or an inspired decision. Well, T+1 after yesterday's purchases. I know its early days yet, but this is a quick review. Purchases 1,3 & 4 are ALL in the GREEN. Equity is stable. ever heard of a dead cat bounce. ???? that is what is happening now.i am banking on even lower prices....
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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youcan'tstopusnow wrote:When you log into Wazua and intead of seeing:
Users browsing this forum
dunkang, Guest (63), innovator, Kaffir, KNM, Layman, liomungai, mycool
you see:
Users browsing this forum
dunkang, Guest (3), innovator, Kaffir, KNM, Layman, liomungai, mycool and the point is ?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. @the deal i always run when there is a bear... It helps me to avoid panic selling... But i must say stocks are looking way to attractive at these levels... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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you'll know the market has bottomd when i start buying....lol.
mambo bado my friends. this is just a breather the market is having before more selling comes up..
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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guru267 wrote:the deal wrote:Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. @the deal i always run when there is a bear... It helps me to avoid panic selling... But i must say stocks are looking way to attractive at these levels... asin you dnt look at the closing prices or what ... 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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QW25071985 wrote:guru267 wrote:the deal wrote:Watch for Bellwether SAFCON...if it closes higher today the market might be turning...and @Guru stop your disappearing acts.. @the deal i always run when there is a bear... It helps me to avoid panic selling... But i must say stocks are looking way to attractive at these levels... asin you dnt look at the closing prices or what ... As in I forget Im an investor... But now that buying opportunity has arrived, I'm back!!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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WE NEED MORE EARNINGS! Late reporters will keep getting hammered! "look @ how they massacred my boy (KGN)"
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