Wazua
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Madness at the NSE
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:We are waiting for The Donald to wake up.....in store for us, after that huge 4 digit figure sell off on the Dow.......is a plethora of Tweets..This should keep us going through the fire. Closer home, today, we slide below 2360 at the NSE20  .........in the absence of any positive news on the Corona virus. Early action on the NSE isn't encouraging for the bulls. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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FUNKY wrote:https://www.firstpost.com/business/sensex-sinks-1083-85-points-in-opening-session-amid-global-selloff-nifty-tanks-312-points-over-rs-5-lakh-cr-investor-wealth-wiped-off-8096571.html?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20News&utm_content=&utm_term= Nifty and sensex have both had a multi year bull charge in similar fashion to US market. With the Indian economy slowing down for three years back to back a correction was in order. Religious and civil tension in the country will only exacerbate the pounding. The more promising long plays are in the Chinese market...the irony. Shanghai composite has been tanking since 2015 and will bottom out faster than most markets. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 8/10/2014 Posts: 953 Location: Kenya
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Bank stocks on a free fall....demand is drying up
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Rank: Member Joined: 12/1/2007 Posts: 537 Location: Nakuru
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watesh wrote:Bank stocks on a free fall....demand is drying up Come baby come... COOP at 13.1 booked For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Veteran Joined: 8/10/2014 Posts: 953 Location: Kenya
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winmak wrote:watesh wrote:Bank stocks on a free fall....demand is drying up Come baby come... COOP at 13.1 booked KCB down to 44.50, Equity down to 46, NCBA down to 31, I&M down to 50
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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winmak wrote:watesh wrote:Bank stocks on a free fall....demand is drying up Come baby come... COOP at 13.1 booked Still room for further fall next week Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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xtina wrote:xtina wrote:lochaz-index wrote:xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know  . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. Nimetoka, wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good It seems I did make good decision after all, offloaded 90% of my shares at peak price then and buy early 2020. Glad to see shares retracting and looking very attractive. Shida ni sina pesa . Very good prices now 27th Feb: 1. Centum 25.55 2. Safcom 28.10 (but should really go lower)-- Goes below 28 in trading today.3. Equity 48 Check the plunge on Equity share price today4 KCB 46.5 (I can't believe it's even lower than Equity but I won't buy KCB) 5. NCBA 35.00 6. I$M 50 7 BAT 490 (I hope it goes lower). Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30  @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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VituVingiSana wrote:Sufficiently Philanga....thropic wrote:September 2019 low of 2420 taken out. NSE20 prints 2410..... 50 points shy of March 2009 GFC low of 2360  The Lost Decade for the NSE. Without Safaricom, would we be looking at 2,000 or lower? Praying we don't lose this one as well. @SufficientlyP
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Sufficiently Philanga....thropic wrote:NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 Now we need to look at specific counters,the lows they will hit. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/17/2009 Posts: 1,616
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Sufficiently Philanga....thropic wrote:NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%.
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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cnn wrote:Sufficiently Philanga....thropic wrote:NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/1/2009 Posts: 246
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cnn wrote:Sufficiently Philanga....thropic wrote:NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%. That's the beauty of holding solid firms long-term. As their earnings grow over time, so does your DY. One of my holdings of over 10 years has been giving me between 12-15%.
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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Monk wrote:cnn wrote:Sufficiently Philanga....thropic wrote:NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%. That's the beauty of holding solid firms long-term. As their earnings grow over time, so does your DY. One of my holdings of over 10 years has been giving me between 12-15%. Of course, we want higher dividends as time passes but like you I have some shares bought years ago that are yielding sweet dividends on the original purchase price. Long-term investing in good firms does pay dividends. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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https://www.cnbc.com/202...dvice-for-investing.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 12/14/2015 Posts: 29
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The Dragon Portfolio: How to Preserve and Grow Your Wealth for the Next CenturyIs this you VVS? The hot stock is the one that everyone thinks that everyone else thinks....is the hot stock (Dixit & Nalebuff, 2008).
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Somebody bought Kcb at 43 afew days ago and can sell 5bob more now. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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USDKES bulls in charge. Currently at 103.05. Interesting that foreigners have been net sellers over the past week at the NSE. @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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Sufficiently Philanga....thropic wrote:
USDKES bulls in charge. Currently at 103.05. Interesting that foreigners have been net sellers over the past week at the NSE.
Exporters eg WTK, Kakuzi and KTC will benefit but importers will be hurt. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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How long can this correction last? iam thinking hard. "Don't let the fear of losing be greater than the excitement of winning."
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