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Banks Wont make you Money in 2011
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QW25081985
#51 Posted : Thursday, September 29, 2011 2:26:23 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
the deal wrote:
mlennyma wrote:
The true prophesy!! isnt it?

People thought I was insane...cos we were in April...but my eagle eyes noticed way before banks made a killing from bonds...also the economic cycle was about to turn...this bonds saga is yet to unravel...i have some resources with me here which I can share which will change the way you approach the market forever...


care to share . is it technical ???
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hisah
#52 Posted : Thursday, September 29, 2011 5:50:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Oh dear @Fyatu - indeed it was a prophesy of doom back in Feb 2011 Sad

http://www.wazua.co.ke/f...amp;m=149707#post149707

Then in March 2011 -> http://www.wazua.co.ke/f...&m=156061#post156061
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, September 29, 2011 5:55 PM | Reason: Not specified
the deal
#53 Posted : Thursday, September 29, 2011 6:08:45 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
[quote=hisah]Oh dear @Fyatu - indeed it was a prophesy of doom back in Feb 2011 Sad

http://www.wazua.co.ke/f...amp;m=149707#post149707

Then in March 2011 -> http://www.wazua.co.ke/f...amp;m=156061#post156061[/quote]
Lol @Hisah what happens when the neck line breaks??? *Crash* since i'm an elliot wave theorist...we can say the market topped out in Feb...Oh we have to look for @mwanahisa who confensed on this thread in February that his portfolio is 70% in banks...lets hope he is well
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hisah
#54 Posted : Friday, September 30, 2011 8:09:02 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
[quote=hisah]Oh dear @Fyatu - indeed it was a prophesy of doom back in Feb 2011 Sad

http://www.wazua.co.ke/f...amp;m=149707#post149707

Then in March 2011 -> http://www.wazua.co.ke/f...amp;m=156061#post156061[/quote]
Lol @Hisah what happens when the neck line breaks??? *Crash* since i'm an elliot wave theorist...we can say the market topped out in Feb...Oh we have to look for @mwanahisa who confensed on this thread in February that his portfolio is 70% in banks...lets hope he is well



Let's avoid the neckline breaking query. Ouch.
Will start tracking blue chips with 10%+ dividend yield as I plan for 2013 come back.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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sparkly
#55 Posted : Friday, September 30, 2011 8:41:18 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the deal wrote:
mlennyma wrote:
The true prophesy!! isnt it?

People thought I was insane...cos we were in April...but my eagle eyes noticed way before banks made a killing from bonds...also the economic cycle was about to turn...this bonds saga is yet to unravel...i have some resources with me here which I can share which will change the way you approach the market forever...

Life is short. Live passionately.
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mkonomtupu
#56 Posted : Friday, September 30, 2011 8:46:27 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
@deal, mwanahisa is even better my portfolio was 79% banks and although I did exit KCB for speculative play with uchumi and sasini I am still well and I am now accumulating KCB once again. At NIC now in the top 1500 shareholders and still accumulating. I left KPLC but retained Kengen. Banks now make up 40% of my portfolio and I am still well.

I'm still glad i didn't touch Total, KK, mumias, C&G, CMC as you had recommended.
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the deal
#57 Posted : Friday, September 30, 2011 12:56:08 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mkonomtupu wrote:
@deal, mwanahisa is even better my portfolio was 79% banks and although I did exit KCB for speculative play with uchumi and sasini I am still well and I am now accumulating KCB once again. At NIC now in the top 1500 shareholders and still accumulating. I left KPLC but retained Kengen. Banks now make up 40% of my portfolio and I am still well.

I'm still glad i didn't touch Total, KK, mumias, C&G, CMC as you had recommended.


KK kicked A**
Mumias too...what a bumper dividend...C&G, Total & CMC...dissapointed but those 3 never made it or tossed them from my portfolio..i love industrials...what with Banks overcooking their books..but my contrarian side is now stalking banks...i'm still waiting for the right time to go for the kill...i know I will buy at a 60-70% discount..your loss is my gain...it's just business...
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the deal
#58 Posted : Sunday, October 02, 2011 12:59:49 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Barclays and KCB made more than Sh1Billion from trading in Forex by 1H 2011...if CBK is serious with the recent intervations then this two are in trouble! I think they should also be investigated for arbitrage...how do you make billions from forex trading in 6 month???
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  | | Edit by user: Sunday, October 02, 2011 1:47 AM | Reason: Not specified
Cde Monomotapa
#59 Posted : Sunday, October 02, 2011 7:10:56 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Barclays and KCB made more than Sh1Billion from trading in Forex by 1H 2011...if CBK is serious with the recent intervations then this two are in trouble! I think they should also be investigated for arbitrage...how do you make billions from forex trading in 6 month???

ROAR! Look out for Q3 Laughing out loudly Laughing out loudly. I concur that the game might be up with CBK's latest policy stance but fortunately for KCB we are still hustling for fundamental banking biz both in Kenya & EAC. I'd be more concerned about BBK who appear to have lost the drive/capacity to attract regular banking business.
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Cde Monomotapa
#60 Posted : Sunday, October 02, 2011 7:36:28 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
In addition, in my interpretation of the major CBK policy shifts in 2011, the underlying message I get is a pointer to a return to fundamental banking i.e. go out marketing, gather deposits & make loans. Thus, I still carry the conviction that we might experience banking sector consolidation. "big bank takes lil' bank"
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