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How to tell NSE has topped/Maxed out.
Ericsson
#51 Posted : Monday, December 22, 2014 3:07:10 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Scan group trading 17.3mn shares today.Significant number of shares and close to 6% of the total issued shares.
A major investor in the works
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
hisah
#52 Posted : Monday, December 22, 2014 4:00:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Mukiri - I don't remember KCB @20s back in Nov 2013. Banks have been toppish since Nov 2013 and I stick with this argument, so don't be surprised by my stand. I just trade the charts (techs and fundies). It has nothing to do with ego and I wonder where this accusation is coming from. Once in a while some calls may fail to come by as expected since prediction outcomes are never 100% when a market is in a period of irrational exuberance. But eventually the madness fades and the market resets to normal levels.

I will continue betting against the crowd until the charts revert their patterns.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Mukiri
#53 Posted : Monday, December 22, 2014 5:11:33 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
hisah wrote:
@Mukiri - I don't remember KCB @20s back in Nov 2013. Banks have been toppish since Nov 2013 and I stick with this argument, so don't be surprised by my stand. I just trade the charts (techs and fundies). It has nothing to do with ego and I wonder where this accusation is coming from. Once in a while some calls may fail to come by as expected since prediction outcomes are never 100% when a market is in a period of irrational exuberance. But eventually the madness fades and the market resets to normal levels.

I will continue betting against the crowd until the charts revert their patterns.

Okei mkubwa. No hard feelings. I have made money from some of your predictions, but this one! In my books... you failed completely. Even if there's, as you'd predicted, a 30% correction, it would not get to -Nov '13 prices. However, time will tell.

Proverbs 19:21
Aguytrying
#54 Posted : Monday, December 22, 2014 8:06:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@mukiri. don't shoot the messenger. especially when the predictions are just starting to become true. the actions of late all point to a very red nse in 2015, use the predictions wisely instead of fighting them.
The investor's chief problem - and even his worst enemy - is likely to be himself
Mukiri
#55 Posted : Monday, December 22, 2014 9:23:35 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Aguytrying wrote:
@mukiri. don't shoot the messenger. especially when the predictions are just starting to become true. the actions of late all point to a very red nse in 2015, use the predictions wisely instead of fighting them.

Okei.

Proverbs 19:21
sizzla
#56 Posted : Tuesday, December 23, 2014 6:49:07 AM
Rank: Member

Joined: 6/10/2006
Posts: 201
Location: Nairobi
I tend to think the market is just correcting because of capital outflows by foreign investors and those in general who are spooked by CGT. However 2015 will still be a Bull Market primarily because lower fuel prices will translate into a boost for the economy...my 2 cents
guru267
#57 Posted : Tuesday, December 23, 2014 9:25:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
@mukiri. don't shoot the messenger. especially when the predictions are just starting to become true. the actions of late all point to a very red nse in 2015, use the predictions wisely instead of fighting them.


Markets fall every year at this time due to inactivity... It has no bearing on the following year though!
Mark 12:29
Deuteronomy 4:16
guru267
#58 Posted : Tuesday, December 23, 2014 9:26:51 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hisah wrote:
@Mukiri - I don't remember KCB @20s back in Nov 2013. Banks have been toppish since Nov 2013 and I stick with this argument, so don't be surprised by my stand. I just trade the charts (techs and fundies). It has nothing to do with ego and I wonder where this accusation is coming from. Once in a while some calls may fail to come by as expected since prediction outcomes are never 100% when a market is in a period of irrational exuberance. But eventually the madness fades and the market resets to normal levels.

I will continue betting against the crowd until the charts revert their patterns.


@hisah I do remember KCB at 17bob in 2013 so guys have made a killing on these!

Unfortunately I had to sell all the banks I own when I converted religions..
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#59 Posted : Tuesday, December 23, 2014 9:41:08 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
guru267 wrote:
hisah wrote:
@Mukiri - I don't remember KCB @20s back in Nov 2013. Banks have been toppish since Nov 2013 and I stick with this argument, so don't be surprised by my stand. I just trade the charts (techs and fundies). It has nothing to do with ego and I wonder where this accusation is coming from. Once in a while some calls may fail to come by as expected since prediction outcomes are never 100% when a market is in a period of irrational exuberance. But eventually the madness fades and the market resets to normal levels.

I will continue betting against the crowd until the charts revert their patterns.


@hisah I do remember KCB at 17bob in 2013 so guys have made a killing on these!

Unfortunately I had to sell all the banks I own when I converted religions..
Why 'unfortunately'? You made a life choice/decision. Are you regretting it?
And which religion doesn't allow you to own shares in a bank?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#60 Posted : Tuesday, December 23, 2014 9:49:11 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
hisah wrote:
@Mukiri - I don't remember KCB @20s back in Nov 2013. Banks have been toppish since Nov 2013 and I stick with this argument, so don't be surprised by my stand. I just trade the charts (techs and fundies). It has nothing to do with ego and I wonder where this accusation is coming from. Once in a while some calls may fail to come by as expected since prediction outcomes are never 100% when a market is in a period of irrational exuberance. But eventually the madness fades and the market resets to normal levels.

I will continue betting against the crowd until the charts revert their patterns.


@hisah I do remember KCB at 17bob in 2013 so guys have made a killing on these!

Unfortunately I had to sell all the banks I own when I converted religions..
Why 'unfortunately'? You made a life choice/decision. Are you regretting it?
And which religion doesn't allow you to own shares in a bank?


Islam does not allow one to benefit from interest income... None of the listed banks are Sharia compliant!

It was a tough choice but a right one!
Mark 12:29
Deuteronomy 4:16
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