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Equity Bank: What goes up must come down.
Kamau Mugi
#1 Posted : Wednesday, June 25, 2008 12:49:00 PM
Rank: Member


Joined: 6/25/2008
Posts: 6
The reason Equity Bank shares have been rallying is because that is how markets behave in the final stages of a bull run.

The prices get disconnected from fundamentals and enter a blow off stage _everyone wants a piece of the action.

It's all about timing. Knowing when to get in and most importantly,when to gracefully bow out.

Sell,Sell. For the Love of God Sell!

Work as hard as a Luhya,Save as much as a Kikuyu and one day You'll live like a Luo.
mlefu
#2 Posted : Wednesday, June 25, 2008 12:57:00 PM
Rank: Elder


Joined: 2/11/2007
Posts: 1,680
Location: nairobi
ur are damn fake..i dont believe that everything that goes up must come down,what the hell wld you be doing down there waiting for it to come down!!!!!!

check even your signature..aiiihhhh

now its your turn...YES!

keep smiling
across
#3 Posted : Wednesday, June 25, 2008 1:43:00 PM
Rank: Member


Joined: 5/7/2008
Posts: 54
very wise...please keep waiting down there...we aint coming down anytime soon...unless they have a corporate action...

frowo
#4 Posted : Wednesday, June 25, 2008 1:51:00 PM
Rank: Member


Joined: 10/28/2006
Posts: 4
...seems somebody has missed the bus and hopes to buy cheap again...hahaha
mjuaji
#5 Posted : Wednesday, June 25, 2008 1:53:00 PM
Rank: Member


Joined: 9/11/2007
Posts: 10
@mlefu/across



You don’t fear a P/E of 47?



'In the world there's three types of people: Those who can count and those who can't'
Njunge
#6 Posted : Wednesday, June 25, 2008 1:55:00 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
EB will keep floating in the air like a butterfly for a long time and if it ever comes down,it will drift just like Galactica ..........away from reach of an undertaker's outstretched hands....ha!
Nothing great was ever achieved without enthusiasm.
LADYL
#7 Posted : Wednesday, June 25, 2008 1:59:00 PM
Rank: Member


Joined: 6/26/2008
Posts: 1
New in here,but i think it comes down to demand and supply..... what you ma perceive as the end of the bull,some investors will perceive otherwise.... but at 326?? its stretched i guess.
ikonini
#8 Posted : Wednesday, June 25, 2008 2:03:00 PM
Rank: Member


Joined: 8/29/2007
Posts: 93
@Mjuaji

Mlefu might tell you he loved PE .....back in primary school ..............

............Physical Education...........


`THE EASIEST WAY TO EARN MONEY

………………… IS THE HARDEST WAY`

(QUOTE: Kularaha-Chairman SK Investment Co.)
MAKE A CHOICE TO TAKE A CHANCE OR YOUR LIFE WILL NEVER CHANGE.
across
#9 Posted : Wednesday, June 25, 2008 2:19:00 PM
Rank: Member


Joined: 5/7/2008
Posts: 54
@ mjuaji

No fear at all....at that P/E then a split is inevitable when we get to levels of 350+
mlefu
#10 Posted : Wednesday, June 25, 2008 2:27:00 PM
Rank: Elder


Joined: 2/11/2007
Posts: 1,680
Location: nairobi
hehehehe...wewe ni fundahhh

anyway the PE and EPE..all that i leave to the gurus..man me sells tyre..ask me about the stroke..but i find it funny 'what goes up must come down'.. i hvnt bought EB and dont intend to..nimesota..otherwise.....mimi ni mwenye sharti..ningekuwa ndani kama.....

now its your turn...YES!

keep smiling
Hi-Lo
#11 Posted : Wednesday, June 25, 2008 3:25:00 PM
Rank: Member


Joined: 10/5/2007
Posts: 91
Lets try ‘what goes around … must come around’. Height sounds scary – though am at a loss how a galatica lands… I’v seen it take off.


In a situation like this,what would one do?
Irene E
#12 Posted : Wednesday, September 10, 2008 10:27:00 AM
Rank: Member


Joined: 6/17/2008
Posts: 1
@ Kamau

Now that Equity bank HAS come down (last I checked it traded at Ksh.218),what would you say is a good entry level?

With God,all things are possible.
ecstacy
#13 Posted : Wednesday, September 10, 2008 10:56:00 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Based on half-year results and expected second-half year results,what is the projected 2008 end-year value for the Equity Bank share?
Illuminati
#14 Posted : Wednesday, September 10, 2008 12:11:00 PM
Rank: Member


Joined: 6/26/2008
Posts: 1
hi guyz

why is this counter droping? jus like that? will it ever rise agai like it had? or should those who have the stock sell now even if at a loss?


'Make a decision,mint the money,for now is the time'
mugi
#15 Posted : Wednesday, September 10, 2008 1:55:00 PM
Rank: Member


Joined: 10/24/2006
Posts: 4
Is the Equity IPO feared so much that it is shedding shillings daily?. Or is it Non-performing loans?. Supply on this counter has been greater than Demand,sometimes as high as 6x,since mid-last week.

I have noted that Foreign sales are accounting for a huge chunk of the total. Yesterday,they accounted for over 80%.

I see this share hitting 200shs and going by today's drop,it may hit that number by early next week.
marktplaatz
#16 Posted : Wednesday, September 10, 2008 2:50:00 PM
Rank: Member


Joined: 6/23/2008
Posts: 12
Equity is just being called out for 'cooking' its books to hoodwink the public. You can't cook them forever. The 'foreigners' who 'invested' have realized that the business is a paper tiger,they are perking their profits elsewhere. I don't see so much love for Equity on SK nowadays,why?
ecstacy
#17 Posted : Wednesday, September 10, 2008 3:10:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Let us not be a careless lot. Your allowed to revel in the current price dip but surely what evidence do you have to support your claim that Equity is 'cooking' its books? If you have to make claims,support them with facts. I see none to support this claim. Next.
tonicasert
#18 Posted : Wednesday, September 10, 2008 3:29:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
I think Equity share qualifies as a highly speculative share,especially at levels above 250,unlike investment/growth quality shares like KCB. Savvy investors know when to get in,to hold and when to run. Am seeing it settle at 160-180 level. Too many guys are burning and thereby cutting losses.

Personally cant touch that share...
kenyanboy
#19 Posted : Wednesday, September 10, 2008 5:12:00 PM
Rank: Member


Joined: 1/6/2007
Posts: 17
Great analysis Kamau. Your analysis was spot on. Equity was indeed on the 3rd wave of the Elliot Wave back in June.

Now the real 'fakes' are revealed: frowo,njung'e and mlefu. Pass over some of that egg on your faces,I'll make you omelettes.
kenyanboy
#20 Posted : Wednesday, September 10, 2008 5:36:00 PM
Rank: Member


Joined: 1/6/2007
Posts: 17
Ralph Nelson Elliott developed the Elliott Wave Theory in the late 1920s by discovering that stock markets,thought to behave in a somewhat chaotic manner,in fact,did not. They traded in repetitive cycles,which he discovered were the emotions of investors as a cause of outside influences,or predominant psychology of the masses at the time. Elliott stated that the upward and downward swings of the mass psychology always showed up in the same repetitive patterns,which were then divided into patterns he termed 'waves'

In the financial markets we know that 'every action creates an equal and opposite reaction' as a price movement up or down must be followed by a contrary movement. Price action is divided into trends and corrections or sideways movements. Trends show the main direction of prices while corrections move against the trend. Elliott labeled these 'impulsive waves' and 'corrective waves'.

The interpretation of the Elliott Wave Theory is as follows:
Every action is followed by a reaction.
There are five waves in the direction of the main trend followed by three corrective waves (a '5-3' move).
A 5-3 move completes a cycle.
This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
The underlying 5-3 pattern remains constant,though the time span of each may vary.



We are now in the 1st corrective wave. Expect a slight rise as supply evens out and bargain hunters pick up bids,followed by the 2nd corrective wave.
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