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How to tell NSE has bottomed out
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Britak at 8.00, CFCI at 7.7. The market is rallying. at this rate by the time euphoria of election is over the index will be far up. and some peeps will have been made mullah. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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And the market will tank coz of elections... Herd mentality taking it in the chin... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Only 6 counters were down today. Will we see 4600? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:And the market will tank coz of elections... Herd mentality taking it in the chin... Cash was not king! Well, at least not so far... GOD BLESS YOUR LIFE
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Rank: Member Joined: 9/18/2006 Posts: 131
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youcan'tstopusnow wrote:hisah wrote:And the market will tank coz of elections... Herd mentality taking it in the chin... Cash was not king! Well, at least not so far... I think by the time most people start relooking at the market from Monday, most prices will be up 20-30%
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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youcan'tstopusnow wrote:Only 6 counters were down today. Will we see 4600?
15 points shy of 4600: Some 37M shares valued at Kes.393M were traded in 1,300 deals, down from 34M shares that were valued at Kes.421M posted yesterday. The NSE 20 Share Index notched up 38.24 points to stand at 4585.07. All Share Index (NASI) was up 1.02 points to stand at 110.30. The Bond market had bonds worth Kes.1.55bn transacted Update: They do give the FTSE figures in their website: FTSE NSE Kenya 15 Index 145.35 FTSE NSE Kenya 25 Index 148.51 GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Repeat GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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kazee wrote:youcan'tstopusnow wrote:hisah wrote:And the market will tank coz of elections... Herd mentality taking it in the chin... Cash was not king! Well, at least not so far... I think by the time most people start relooking at the market from Monday, most prices will be up 20-30% Wonder when Britak hit 8/= guess i've been away too long.
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Rank: User Joined: 6/18/2009 Posts: 271
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mind blowing . indeed cash wasn't king this time
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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youcan'tstopusnow wrote:youcan'tstopusnow wrote:Only 6 counters were down today. Will we see 4600?
15 points shy of 4600: Some 37M shares valued at Kes.393M were traded in 1,300 deals, down from 34M shares that were valued at Kes.421M posted yesterday. The NSE 20 Share Index notched up 38.24 points to stand at 4585.07. All Share Index (NASI) was up 1.02 points to stand at 110.30. The Bond market had bonds worth Kes.1.55bn transacted Update: They do give the FTSE figures in their website: FTSE NSE Kenya 15 Index 145.35 FTSE NSE Kenya 25 Index 148.51 @ycsun. This place is quiet nowadays. The market is heading to 5000 as people are following "erections" The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguy, hehe. Very true. Seems folks sold off the market waiting for an Armageddon scenario: Ignore politics and macroeconomics when picking stocks." We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%. "But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.Source: Warren Buffett's Chairman's Letter, 1994 GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguytrying wrote:youcan'tstopusnow wrote:youcan'tstopusnow wrote:Only 6 counters were down today. Will we see 4600?
15 points shy of 4600: Some 37M shares valued at Kes.393M were traded in 1,300 deals, down from 34M shares that were valued at Kes.421M posted yesterday. The NSE 20 Share Index notched up 38.24 points to stand at 4585.07. All Share Index (NASI) was up 1.02 points to stand at 110.30. The Bond market had bonds worth Kes.1.55bn transacted Update: They do give the FTSE figures in their website: FTSE NSE Kenya 15 Index 145.35 FTSE NSE Kenya 25 Index 148.51 @ycsun. This place is quiet nowadays. The market is heading to 5000 as people are following "erections" I trust you know what to do when 'noise' reaches fever pitch;-) GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Found it to be a great day.Quite a few stocks hit 9%.The stock that caught my eye,KenyaRe.HFCK looked interesting although I'm uncertain whether its ready for a rally.Tomorrow will be interesting. Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@aguy - shhh... don't wake up the rest while jumping the queue  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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ChessMaster wrote:Found it to be a great day.Quite a few stocks hit 9%.The stock that caught my eye,KenyaRe.HFCK looked interesting although I'm uncertain whether its ready for a rally.Tomorrow will be interesting. You've doubted HFCK even when it was sub 20.00. keep watching, 30.00 by end year. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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youcan'tstopusnow wrote:Aguy, hehe. Very true. Seems folks sold off the market waiting for an Armageddon scenario:
Ignore politics and macroeconomics when picking stocks.
"We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%. "But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.
Source: Warren Buffett's Chairman's Letter, 1994
so so true. Stock buying not related to time of the year, day of the week, weather pattern, alignment of stars or other events. on a personal note, im looking to buy soon. found myself in higher cash position, due to kengen "rights" issue debacle The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:@aguy - shhh... don't wake up the rest while jumping the queue  sawa boss. CFCI!!! laha ndani ya loho. moving with britak, jana pushing for upper day limit. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Aguytrying wrote:ChessMaster wrote:Found it to be a great day.Quite a few stocks hit 9%.The stock that caught my eye,KenyaRe.HFCK looked interesting although I'm uncertain whether its ready for a rally.Tomorrow will be interesting. You've doubted HFCK even when it was sub 20.00. keep watching, 30.00 by end year. I don't doubt HFCK at all.Check my previous posts. Let's see how badly investors want KenyaRe. Uncertainty is certain.Let go
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Seems green is the colour of choice today. Oh well... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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I agree.I think its time for the rally to begin. Uncertainty is certain.Let go
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How to tell NSE has bottomed out
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