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AND NOW NSE goes south
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sparkly
#11 Posted : Wednesday, May 26, 2010 1:07:19 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwenza wrote:
Almost all the counters are going south today.

Is it because of the Kadhi courts or is our market reponding to the global markets downturn? Even Safcom, after posting such splendid results has not been spared.

Those who did not alight from the bus during the bull-run shauri yenu.

Meanwhile i wait to board the Equity bus at 18bob.

Its the latter, the nse tends to shadow global markets albeit lagging
Life is short. Live passionately.
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WAGUMA
#12 Posted : Wednesday, May 26, 2010 1:27:41 PM
Rank: Member

Joined: 7/11/2008
Posts: 21
its not just today that they are going south.they have been since the begining of this week despite the NSE index hitting 4300pts.
its only a fool who'd dare sell right now.......advice is to buy and hold onto your seats tightly.Bamburi,BBK & KCB are good buys.Access is shacky but a great one too.

@maichblack,kenol is still going to drop beyond 96.5 so ad advice you to give it a few more days before you buy.
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ProverB
#13 Posted : Wednesday, May 26, 2010 1:50:08 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
WAGUMA wrote:
Access is shacky but a great one too.

@maichblack,kenol is still going to drop beyond 96.5 so ad advice you to give it a few more days before you buy.



???
Access a good buy? how do you explain whack service whole last week with internet on n off for users...losing home based clients to safcom, zain, orange n Yu data products while losing corporates to competition..ours moved to kdn this week...Safcom plans to go corporate on data..huge brand giving more muscle to it...

and doesn't kenol close its books for split on tuesday? how many "few more days" are you counting?

does guru selling safcom now after boarding at under 3bob become a fool?? Dude..your hypothesis is way off base...or so i think...but hey..just me.smile

Happy Investing.Pray
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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VituVingiSana
#14 Posted : Wednesday, May 26, 2010 2:13:21 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
I wish I had more cash!!! I planned to sell Kenol to buy KQ lakini I cant buy either LOL....
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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WAGUMA
#15 Posted : Wednesday, May 26, 2010 2:55:34 PM
Rank: Member

Joined: 7/11/2008
Posts: 21
@ProverB,the whole purpose of a split is to increase liquidity and make the stock more affordable to the public.Kenol is already falling due to the impending split and once that goes thru,the mkt price could even go below the split price.

As for access,its still cheaper than safcom data esp for corporate bodies.last week was a hitch that you had to feel.my co. uses UUNET and trust me its worse than Access so given time,it will pounce back.its a very stable I.T company.

@guru,if u bought at 3bob you should have sold when it was trading at 5.8 tho u can still go ahead.
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VituVingiSana
#16 Posted : Wednesday, May 26, 2010 8:48:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@waguma... LOL... nothing of the sort... I am ready to bet that KenolKobil will RISE in price after the split...

So if someone wants to bet with me that post-split KK will be above 9.95 by 15 Oct 2010... I am ready!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#17 Posted : Thursday, May 27, 2010 9:14:52 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The European markets are firing up...the NSE to follow...only if the politicians fix this Khadis courts impaasse...
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2012
#18 Posted : Thursday, May 27, 2010 9:29:28 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
the deal wrote:
only if the politicians fix this Khadis courts impaasse...


I doubt the Khadhi Courts have anything to do with it. The ruling right now is inconsequential. The proposed draft cannot be changed and the Judiciary cannot change anything in the present constitution if the new one fails.

Those foreign Investors will be back. I think they outsmarted us, and are profit taking. The effect is a deep then they'll come and pick them up from us for a song. Again.

BBI will solve it :)
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edwing
#19 Posted : Thursday, May 27, 2010 9:38:15 AM
Rank: New-farer

Joined: 1/31/2010
Posts: 23
Location: Nairobi
All those outside WAIT AND SEE. All those inside PRAY.
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mwenza
#20 Posted : Thursday, May 27, 2010 9:40:31 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
In the good old SK days somebody(can't remember who) explained to us how the stock market works. He went ahead and gave a very good example of a Mzungu and Monkeys.

Am now wondering.....Have we been left holding the useless monkeys??
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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  | | Edit by user: Thursday, May 27, 2010 9:42 AM | Reason: Not specified
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