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Fear on the Street: Inside the Stock Sell-Off
Fomoney
#81 Posted : Monday, August 08, 2011 10:28:37 AM
Rank: Member

Joined: 7/9/2006
Posts: 79
The yen has been manipulated for the longest. Let the yen float and we'll see how fast china grows. If I had to choose where to live, the old US of A is better. I invest where the numbers lead me. Can make money of any mkt.
FUNKY
#82 Posted : Monday, August 08, 2011 10:39:27 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
The NSE is taking a beating today. Most of the counters are in RED. HFCK 19/-,NIC 34/- CABLES 12/-,KCB 21.75/ are all strong buys at current prices.
StatMeister
#83 Posted : Monday, August 08, 2011 10:48:48 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Many of the stocks in black ink so far today have traded 100-200 shares.
A bad day fishing is better than a good day at work
mkonomtupu
#84 Posted : Monday, August 08, 2011 11:05:43 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
I feel like the only idiot who is still buying companies at bei ya jioni, some of the prices are too good to be true
Cde Monomotapa
#85 Posted : Monday, August 08, 2011 11:26:18 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mkonomtupu wrote:
I feel like the only idiot who is still buying companies at bei ya jioni, some of the prices are too good to be true

Exactly...and for economic problems we r not even a part of! Work on the div.yields.
ecstacy
#86 Posted : Monday, August 08, 2011 11:43:01 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
ICC hearings coming up, inflation headed 18-22% year end, drought and famine, lost productivity & increased production costs due to power rationing, weak KES, weak export markets, foreign investor avertion due to political risk as 2012 elections etc Maybe this is the end of the beginning of the sell off...liking the price trends!!!
VituVingiSana
#87 Posted : Monday, August 08, 2011 12:01:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
If Euro crashes so will the income from exports of flowers & produce.

Not to forget losses from tourism as tourism declines due to economic hardship AND folks will want to pay same Euros to us but we get a 'weaker' Euro...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#88 Posted : Monday, August 08, 2011 12:04:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Hard Winter in Harare Africa Confidential
Law & Politics

As senior allies of President Robert Gabriel Mugabe concede through
gritted teeth that there can be no national elections this year, they
have moved the battleground to economic policy. Their main target is
outspoken Finance Minister Tendai Biti, who is also Secretary General
of the Movement for Democratic Change (MDC). President Mugabe, his
allies say, clashed repeatedly with Biti at recent cabinet meetings
over the payment of higher salaries to the country’s 200,000 civil
servants.

The state payroll includes some 75,000 names which auditors Ernst and
Young found were either entirely fictitious or of people ‘not properly
qualified’. Biti’s sarcastic speeches in Parliament targeted his
opponents’ view that ‘money must be eaten’ whatever the national
consequences and referred to ‘Dotito’, a remote corner of Mashonaland
West which has become a byword for Mugabe’s patronage.Mugabe insists
that the civil service pay awards go ahead but Biti forecasts that
that will mean an unfunded deficit of some US$500 million this year on
top of the government’s planned $2.7 billion budget. For once, Mugabe
and his allies believe they have a nationally popular cause, as well
as an economically convenient one.

Biti has long insisted that all diamond revenue be lodged with the
Treasury by the Zimbabwe Mining and Development Corporation (ZMDC),
which has on paper been handling sales from Marange and other diamond
fields. Marange alone has the potential to produce about $1 bn. Until
these monies are lodged with the Treasury, Biti said he could not
consider approving the civil service pay rise.

Civil servants were then surprised to receive the promised increase in
their June pay packets. What had happened is that contrary to all
usual procedures, the ZMDC had transferred $40 mn. directly to the
Government Salaries Account, whence the pro-ZANU bureaucrats paid the
increases directly. This highly irregular operation completely
bypassed the Treasury. It shows that the higher reaches of the civil
service will still act to placate the President and damn the
consequences for an MDC minister.

In a shouting match in cabinet, Mugabe warned ‘this young man’ that he
had gone too far and ‘would be dealt with decisively’.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#89 Posted : Monday, August 08, 2011 12:30:45 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
FUNKY wrote:
The NSE is taking a beating today. Most of the counters are in RED. HFCK 19/-,NIC 34/- CABLES 12/-,KCB 21.75/ are all strong buys at current prices.


every time i look at NIC i feel as thought it is discounted, only for it to hit a lower figure.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
youcan'tstopusnow
#90 Posted : Monday, August 08, 2011 12:59:29 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
lovely2010, seems the preaching has truly began nowsmile
GOD BLESS YOUR LIFE
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