Wazua
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Elliott Wave Analysis Of The NSE 20
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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I see a lot of correlation=causality in these arguments For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 4/21/2015 Posts: 151
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mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart?
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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AndyC wrote:mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart? Nic is next wait for 45-50 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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mlennyma wrote:AndyC wrote:mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart? Nic is next wait for 45-50 You are forgetting when KCB was at 60, NIC was at 70+ relax!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Angelica _ann wrote:mlennyma wrote:AndyC wrote:mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart? Nic is next wait for 45-50 You are forgetting when KCB was at 60, NIC was at 70+ relax!!! The current ‘rally’ shall injure some.. Look at it, why would a share trade at higher value with flat or even worse decline in both NII & PBT.. The NFI game is heating up and so far Safaricom is king. Banks valuations are largely false right now, across the tiers
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Angelica _ann wrote:mlennyma wrote:AndyC wrote:mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart? Nic is next wait for 45-50 You are forgetting when KCB was at 60, NIC was at 70+ relax!!! The current ‘rally’ shall injure some.. Look at it, why would a share trade at higher value with flat or even worse decline in both NII & PBT.. The NFI game is heating up and so far Safaricom is king. Banks valuations are largely false right now, across the tiers
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:Angelica _ann wrote:mlennyma wrote:AndyC wrote:mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart? Nic is next wait for 45-50 You are forgetting when KCB was at 60, NIC was at 70+ relax!!! The current ‘rally’ shall injure some.. Look at it, why would a share trade at higher value with flat or even worse decline in both NII & PBT.. The NFI game is heating up and so far Safaricom is king. Banks valuations are largely false right now, across the tiers Agreed. Those chasing prices are headed for extremely choppy waters. The guys who bought financials as a fear play during the rate cap sell-off have made a pretty penny. Extrapolating that rally to the period after the rate cap is lifted is erroneous. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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lochaz-index wrote:obiero wrote:Angelica _ann wrote:mlennyma wrote:AndyC wrote:mlennyma wrote:Bank stocks have so far made people smile,the narrative here was bank stocks won't do well,wazua can be misleading if you take words like law Some bank stocks. Is there anything to smile about in NIC, NBK and StanChart? Nic is next wait for 45-50 You are forgetting when KCB was at 60, NIC was at 70+ relax!!! The current ‘rally’ shall injure some.. Look at it, why would a share trade at higher value with flat or even worse decline in both NII & PBT.. The NFI game is heating up and so far Safaricom is king. Banks valuations are largely false right now, across the tiers Agreed. Those chasing prices are headed for extremely choppy waters. The guys who bought financials as a fear play during the rate cap sell-off have made a pretty penny. Extrapolating that rally to the period after the rate cap is lifted is erroneous. Erroneous and suicidal at the same damn time
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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NASI hit an all time high yesterday at 186.6 with the NSE20 checking in at 3840 inches below a critical resistance point @3850. I think we have attained the March high as previously alluded to. Don't see much upside from here. Calling for a top. Bulls should get concerned if the downleg breaches 3450. The main purpose of the stock market is to make fools of as many people as possible.
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Elliott Wave Analysis Of The NSE 20
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