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When is the Next NSE Bus Leaving the Stage
Rank: Member Joined: 8/17/2011 Posts: 207 Location: humu humu
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S.Mutaga III wrote:sparkly wrote:Mukiri wrote:kenmac wrote:Time to buy is coming. Time to be keen with the market.
low bargains likely from
Dec 15-January 15
and
Feb 20 - March 10 Hefty bonuses expected in the account soon. The question now is, what to (short-term)buy? Prophets, where are you? The good stocks are not cheap ie EABL, NMG, BAT, ARM, Safcom. Banks cheap on PE valuations but expensive in absolute terms, likely to go down unless the market rises. for now hold cash and wait for discounts on the good stocks. If you must buy, you might consider Kengen, HF, Centum, KQ, CFC. ...I remember back towards the end of of 2011,when sacom traded at 2.8 range...at the height of negativity,nobody wanted to buy the stock here in wazua...some even called it a Ksh 2 stock...funny how things change. I think most wazuans are trend followers...instead of buying at the height of negativity at rock bottom prices. You were in wazua then...you seriously remind me of someone!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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kaifastus wrote:S.Mutaga III wrote:
...I remember back towards the end of of 2011,when sacom traded at 2.8 range...at the height of negativity,nobody wanted to buy the stock here in wazua...some even called it a Ksh 2 stock...funny how things change. I think most wazuans are trend followers...instead of buying at the height of negativity at rock bottom prices.
You were in wazua then...you seriously remind me of someone! Me too think he is familiar. My last bunch of Safcom shares i bought at 2.90/-. Sweet sweet Memory. That Equity bank guy at the custodial desk Marsabit town thought i was mad and even tried to 'educate' me on stocks trading. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 3/26/2012 Posts: 830
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dunkang wrote:kaifastus wrote:S.Mutaga III wrote:
...I remember back towards the end of of 2011,when sacom traded at 2.8 range...at the height of negativity,nobody wanted to buy the stock here in wazua...some even called it a Ksh 2 stock...funny how things change. I think most wazuans are trend followers...instead of buying at the height of negativity at rock bottom prices.
You were in wazua then...you seriously remind me of someone! Me too think he is familiar. My last bunch of Safcom shares i bought at 2.90/-. Sweet sweet Memory. That Equity bank guy at the custodial desk Marsabit town thought i was mad and even tried to 'educate' me on stocks trading. I remember an equity broker advising me not to catch a falling knife,at that time pan africa had a dividend yield of above 10% and a p/e of 2...at around ksh 19...I told him to excecute the order and shut the f*** up...when I went to cash in those Pan Africa shares last week,he asked me for advice...haha! A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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lol!!! wazuans trendfollowers?? I think more of herd followers....they seem similar but they ain't.
the herd followers don't cut their losses quick and suffer from disposition effect.
any breakout traders in wazua? most guys here are fundamental traders,tried it but found it almost impossible to consistently profit from it.
I consider myself a trendfollower trading long-term breakouts 80+ days with loose % trailing stops.
with clever pyramiding you will blow away all buy and holders with half as much drawdowns....go figure
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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sentinel prime wrote:with clever pyramiding you will blow away all buy and holders with half as much drawdowns....go figure   , @hisah, @the deal, @techboy, et al #?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@sentinel prime, if you may, whats your buy/hold/sell list
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:sentinel prime wrote:with clever pyramiding you will blow away all buy and holders with half as much drawdowns....go figure , @hisah, @the deal, @techboy, et al #? Buying on long timeframe breakouts as long the trend keeps up and doing the opposite on breakdowns.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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King G wrote:mwekez@ji wrote:[quote=sentinel prime]with clever pyramiding you will blow away all buy and holders with half as much drawdowns....go finger [/quo te] , @hisah, @the deal, @techboy, et al #?  lol...breakouts have been traded since time beginning,the style is as old as the market. basically you buy on n-day breakout.The longer the n-day the more robust the Breakout. for a market like NSE where the commissions are atrocious you need to trade 4-12 months or more breakouts to overcome costs and market noise. pyramiding is just adding more as the trade progresses higher preferably after pullbacks.The mental % trailing stop( not less than 25% or below higher low point ) has to be adjusted upwards /tightened to reduce the increased exposure and since there is no leverage in the NSE the danger of heavy losses way past your stop loss point is remote. You have to overcome your human biases to trade this way.cut your losses quick and ride your winners sounds so cliche but its the only way. there is so much more material on this but this is the basic structure.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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sparkly wrote:Mukiri wrote:kenmac wrote:Time to buy is coming. Time to be keen with the market.
low bargains likely from
Dec 15-January 15
and
Feb 20 - March 10 Hefty bonuses expected in the account soon. The question now is, what to (short-term)buy? Prophets, where are you? The good stocks are not cheap ie EABL, NMG, BAT, ARM, Safcom. Banks cheap on PE valuations but expensive in absolute terms, likely to go down unless the market rises. for now hold cash and wait for discounts on the good stocks. If you must buy, you might consider Kengen, HF, Centum, KQ, CFC. ..well put couldnt have said it better. possunt quia posse videntur
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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....for students of the tape,this uptrend feels overextended....foreigners will most likely bail out 1st quarter ....or a crazed stampede out the gates....wanjiku has no muscle at all to hold the break.
expect atleast 15% correction on the broader index ....
my 2 cents.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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sentinel prime wrote:....for students of the tape,this uptrend feels overextended....foreigners will most likely bail out 1st quarter ....or a crazed stampede out the gates....wanjiku has no muscle at all to hold the break.
expect atleast 15% correction on the broader index ....
my 2 cents.
This is a scary remark  Is this a general consensus? I might as well sell of all my counters and repurchase later
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mukiri wrote:sentinel prime wrote:....for students of the tape,this uptrend feels overextended....foreigners will most likely bail out 1st quarter ....or a crazed stampede out the gates....wanjiku has no muscle at all to hold the break.
expect atleast 15% correction on the broader index ....
my 2 cents.
This is a scary remark Is this a general consensus? I might as well sell of all my counters and repurchase later You should see the charts by @hisah here >>> http://www.wazua.co.ke/forum.as...&m=344160#post344160
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:mwekez@ji wrote:sentinel prime wrote:with clever pyramiding you will blow away all buy and holders with half as much drawdowns....go figure , @hisah, @the deal, @techboy, et al #? Buying on long timeframe breakouts as long the trend keeps up and doing the opposite on breakdowns. @hisah, Asante sana. @sentinel prime, which stocks have you successfully used this strategy. KCB comes to ma mind when i think of this
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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I am looking for nse stats.Demand and supply,local vs foreign investors,bids and ask prices.rich.co.ke doesn't offer local vs foreign investor data and you can't get the data for previous days. Nse which product can offer that because some of their descriptions are vague.Thanks in advance. Uncertainty is certain.Let go
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mwekez@ji wrote:Mukiri wrote:sentinel prime wrote:....for students of the tape,this uptrend feels overextended....foreigners will most likely bail out 1st quarter ....or a crazed stampede out the gates....wanjiku has no muscle at all to hold the break.
expect atleast 15% correction on the broader index ....
my 2 cents.
This is a scary remark Is this a general consensus? I might as well sell of all my counters and repurchase later You should see the charts by @hisah here >>> http://www.wazua.co.ke/forum.as...&m=344160#post344160  @hisah predicts a vibrant January, complete with stats @SP, do you have any 'supporting dox'?
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I wanted to sell and re-enter the nse by january/feb but a second thought came that most companies have done well and feb being the dividend announcing period for many companies,attractive entry points may be elusive. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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Mukiri wrote:mwekez@ji wrote:Mukiri wrote:sentinel prime wrote:....for students of the tape,this uptrend feels overextended....foreigners will most likely bail out 1st quarter ....or a crazed stampede out the gates....wanjiku has no muscle at all to hold the break.
expect atleast 15% correction on the broader index ....
my 2 cents.
This is a scary remark Is this a general consensus? I might as well sell of all my counters and repurchase later You should see the charts by @hisah here >>> http://www.wazua.co.ke/forum.as...&m=344160#post344160 @hisah predicts a vibrant January, complete with stats @SP, do you have any 'supporting dox'? I respect hisahs predictions.....mine are just opinions.....I can't verify them....intuition has served me really well and I just can't ignore it. but you would do well to ignore general consensus ....its often wrong.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Shilling is falling. Who's making money from that?
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Mukiri wrote:Shilling is falling. Who's making money from that? I freelance as a writer and programmer and paid in dollars. I also work from home now. So I guess yes I am making money from the fall of the shilling.
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