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AND NOW NSE goes south
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VituVingiSana
#21 Posted : Thursday, May 27, 2010 9:43:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mwenza wrote:
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??

Nonsense... kwani, you were forced to buy the shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwenza
#22 Posted : Thursday, May 27, 2010 9:48:03 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
@VVS............Even those who bought the monkeys, in the story, were NOT forced to buy. It was a case of willing buyer willing seller.However,they had one thing in common with us.........GREED!!!!.
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 10:02 AM | Reason: Not specified
mwenza
#23 Posted : Thursday, May 27, 2010 10:00:59 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
I know its bitter to most of us...................But am afraid the front tyres of this bus have come off. Lets prepare for a crash.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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guru267
#24 Posted : Thursday, May 27, 2010 10:02:14 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i've been trying to understand the African mentality and i see that we are still under the mzungu's spell...

the markets are falling and so what??? i said it about two or three weeks ago warning investors that the NSE wouldnt be spared from this disaster but that doesnt mean we start running for the hills but instead start accumulating cash and take advantage of good buying opportunities that have come...

and for the others who may not have cash... DONT SELL!!! the NSE falling does not mean your company wont earn profits so as it falls instead of selling at a loss sit back and enjoy the dividends and wait for it to bounce back since nothing lasts forever...

and one message for the "FOOLS" who take loans, their rent or mortgage money, childrens school fees, grocery money and the like to invest short term at the NSE.... times like these will teach you a very good lesson....

EQUITIES WILL NEVER LET DOWN THOSE WHO HOLD THEM FOR THE MEDIUM TO LONG TERM
Mark 12:29
Deuteronomy 4:16
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mwenza
#25 Posted : Thursday, May 27, 2010 10:06:40 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
@guru...........very good consolation. But you realise that the events of the last few days have left most of us very broke indeed. Especially when we started chasing Equity shares from 19bob to 24bob.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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sky5
#26 Posted : Thursday, May 27, 2010 10:10:17 AM
Rank: Member

Joined: 5/7/2010
Posts: 282
Location: Nairobi
@guru. You are right on spot. Market will rise-fall-rise... If you planted your farm yesterday, why would you expect to harvest today? If you can wait longer, you can reap big. Infact, if you have money, prepare to get on board at your right time.
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  | | Edit by user: Thursday, May 27, 2010 10:12 AM | Reason: additional thought
mwenza
#27 Posted : Thursday, May 27, 2010 10:10:21 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
When the bull is running North, a good number of people tell us what price they bought their shares at, naturally at low prices......si hata sasa mwendelee kutuambia!!.

Sasa tumepatikana.


Read my signature herebelow.
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 10:11 AM | Reason: Not specified
2012
#28 Posted : Thursday, May 27, 2010 10:31:07 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I don't know about you but I see a lot of opportunity. Remember the story of the two shoes salesmen in Africa? I have over 100k shares SCOM but I'm not complaining coz I'll still get over 20k in dividend.
But I'm more excited to see KPLC, Kenol Kobil, NIC, NBK, KQ, Total etc coming down to levels I consider to be good bargains. My sell for SCOM remains 6.2 whatever time it takes.

BBI will solve it :)
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the deal
#29 Posted : Thursday, May 27, 2010 11:29:09 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
everything is in the red...i'm in pain...nothing to cheer..LOL.
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mukiha
#30 Posted : Thursday, May 27, 2010 12:43:25 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I sold some EQTY at 23.75 and stopped buying CFC when it went above 60. Had one last order at 63.50 but I pulled it back. Now things a falling together [not apart!] and I wait for sub-20 and sub-60 on these two, then I dive in again.

In the meantime, I'm in for some Ugali; anyone care to join me?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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