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Market correction after Refurendum????
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oam
#1 Posted : Thursday, August 05, 2010 10:46:25 PM
Rank: New-farer

Joined: 7/20/2010
Posts: 17
Location: kenya
Will this come very soon or might take some time after the announcement???
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tkzee
#2 Posted : Thursday, August 05, 2010 11:04:43 PM
Rank: Member

Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
At the moment there seems to be limited supply on most counters which means the rally would still continue.The test will be whether the market touches the 5000 mark,then we may see some weaknesses.
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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youcan'tstopusnow
#3 Posted : Thursday, August 05, 2010 11:05:09 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
So called market corrections do not bother me. I believe the market is where it should be. If you feel a counter you are holding is overvalued, then sell and get an undervalued one. If not, then a drop in price (not value) is an opportunity to get more shares. (refer to KENOL/KOBIL threads and see how VVS managed to scoop more Kenol thanks to the incompetence of NMG writers)
GOD BLESS YOUR LIFE
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guru267
#4 Posted : Thursday, August 05, 2010 11:30:02 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Market correction??? Whoever would be dumb enough to drive down share prices now please be my guest... I'm sitting on alot of cash
Mark 12:29
Deuteronomy 4:16
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qw25041985
#5 Posted : Friday, August 06, 2010 1:46:27 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
What are u guys talkin abt ????? ofcourse market correction has started !!!!! the index is at an RSI of 72 and that means its over-bought...so i suggest you get out (as in take profits) before every tom dick and harry does....Today - Friday : KQ will .close down .Safaricom will also close down.KCB will also close down.
so if anyone is wondering about market correction its here with us...
Your future depends on your dreams so go to sleep !
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  | | Edit by user: Friday, August 06, 2010 1:54 AM | Reason: Not specified
PKoli
#6 Posted : Friday, August 06, 2010 9:54:04 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@qw25041985

The market will open in a short while. What are the reasons for your predictions for the decline of the stocks you have just mentioned. They are already low!
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mv_ufanisi
#7 Posted : Friday, August 06, 2010 9:57:09 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
guru267 wrote:
Market correction??? Whoever would be dumb enough to drive down share prices now please be my guest... I'm sitting on alot of cash


So what are u planning to get into?
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speculator
#8 Posted : Friday, August 06, 2010 10:45:22 AM
Rank: New-farer

Joined: 12/1/2009
Posts: 75
Location: nairobi
Made a big mistake goin liquid a big way fearin referendum. Waitin for bargains to show up.
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Wa_ithaka
#9 Posted : Friday, August 06, 2010 10:51:52 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Very unlikely. Market will now be pricing an uninterrupted period (barring any droughts) of economic growth until 2012.

Saying that, I think I am almost done on the buying side apart from Centum if it has any weak periods.
The Governor of Nyeri - 2017
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sparkly
#10 Posted : Friday, August 06, 2010 10:52:39 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
speculator wrote:
Made a big mistake goin liquid a big way fearin referendum. Waitin for bargains to show up.

@speculator, no wonder going by your screen name. I approximate your cost of going liquid at 10%, being 4.5% to sell out then buy back into the market and 5% rise in stocks over ref period.
Life is short. Live passionately.
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