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Finally sold my last holding in the NSE
QW25071985
#11 Posted : Thursday, March 31, 2011 12:39:13 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . I amost chockd out of laughter reading this post. @ obi. Are you out of your mind. ???
Your strategy will only have workd if we have violence, which i dnt see happening.
All in all these will be the most foolish decision if you sold your high yielding defensive stocks that you might have heard as they do very well in bear market conditios like the one you are in.i hope you know what high yeilding defensive stocks are .they include
WTK, BAT , NMG ,DTB .
All the same i will gladly sell to you at a higher price when u come back.
Sufficiently Philanga....thropic
#12 Posted : Thursday, March 31, 2011 12:40:23 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Correction, inflation figure is not at 16% as you say but slightly more than half of that, 9.19% as of this month!
I strongly believe the inflation figure for the month of April will be slightly lower than this given some food items eg Sukuma wiki and cabbages will go down. Prices of maize flour etc will have to wait for another 3 or so months to come down assuming the rains hold.As for oil, i feel we still will be above $100 a barrel for a few more months.
All the same, happy investing as you channel your funds elsewhere!
@SufficientlyP
Tommy
#13 Posted : Thursday, March 31, 2011 2:35:35 PM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
I also don't own any share. Out of need for money i sold all my stocks in January little did i know that a bear will pay us a visit.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
KIRTI
#14 Posted : Thursday, March 31, 2011 2:57:46 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
It look likes now Bull market will start very soon.
The Merchant
#15 Posted : Thursday, March 31, 2011 3:44:27 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
KIRTI wrote:
It look likes now Bull market will start very soon.

Max. pessimism point? He he...However,are we really in a bear market yet? Stocks have not fallen enough according to moi.....I could be wrong, ofcourseSad
Obi 1 Kanobi
#16 Posted : Tuesday, August 09, 2011 5:31:43 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
QW25071985 wrote:
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . I amost chockd out of laughter reading this post. @ obi. Are you out of your mind. ???
Your strategy will only have workd if we have violence, which i dnt see happening.
All in all these will be the most foolish decision if you sold your high yielding defensive stocks that you might have heard as they do very well in bear market conditios like the one you are in.i hope you know what high yeilding defensive stocks are .they include
WTK, BAT , NMG ,DTB .
All the same i will gladly sell to you at a higher price when u come back.


I don't mean to gloat, BUT WHO IS LAUGHING NOWsmile smile smile . I had no idear it would be this bad, but my decision to quit the market now reads like the most inspired decision on this forum.
I am currently looking to make a comeback and I feel like a kid in candy store, what to pick!
However, not so soon, the bond market will soon scorch a few follow me investors (those who buy what nani bought) mostly pension schemes insurances and banks, the banks/insurances will then return to holding to maturity (for interest)while the pension scheme will sell and return to shares with higher EPS (mostly because of panic and knee jerk reaction). The reduced trading on bonds means people (speculators) will return to good old shares, then the bull will arise. when this happens, I don't know, but lets look to around year end when most banks/insurers start looking at the damage done by bond trading and the pension scheme trustees look to report reduced interest to members.

Real estate will also let off steam when the nairobi transport is sorted, something that now looks like happening.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
VituVingiSana
#17 Posted : Tuesday, August 09, 2011 5:56:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Obi 1 Kanobi is truly a Jedi Master!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#18 Posted : Tuesday, August 09, 2011 5:58:03 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@Obi1 uliona mbali kama 'chiraffee' he he hee. This is so familiar... Last time the bear visited i made 40% on whole portifolio and i was defensive. This time i will up the stakes see if 80% is possible.
Life is short. Live passionately.
QW25071985
#19 Posted : Tuesday, August 09, 2011 6:20:44 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
I cnt believe what i am seeing !!!!
Now i have even changed my target for safcom to sub 2.00
oh boy even kplc broke the rights price.
When i look at these prices am just drollin.
Oh btw am still accumulting access kenya .i lik the way its behaving itself in the current selloff. Target 16.00
hisah
#20 Posted : Tuesday, August 09, 2011 6:47:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
I cnt believe what i am seeing !!!!
Now i have even changed my target for safcom to sub 2.00
oh boy even kplc broke the rights price.
When i look at these prices am just drollin.
Oh btw am still accumulting access kenya .i lik the way its behaving itself in the current selloff. Target 16.00



Ah, finally you show up. I thought that when it started raining boulders, you were accidently hit. Phew! We'll talk more on the forex thread.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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