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Too many HELLOS, Time to quit stocks!
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi
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target1360 wrote:am even wandering on the logic of tieing up my money all year round for a 9% return from a money market account while i can monitor the market and make two plays to earn me atleast 15% twice a year without having to tie up my cash I think you misunderstood me...  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/14/2014 Posts: 289 Location: nairobi
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VituVingiSana wrote:target1360 wrote:am even wandering on the logic of tieing up my money all year round for a 9% return from a money market account while i can monitor the market and make two plays to earn me atleast 15% twice a year without having to tie up my cash I think you misunderstood me... vvs noted! I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Blue chips losing steam. NMG, Safaricom, Equity, EABL, KCB. Strong runs stalling. Tick stock Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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NMG surprised me, it has not gained for aloooong time then lost substantially! 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: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Angelica _ann wrote:NMG surprised me, it has not gained for aloooong time then lost substantially! ppl might be positioning??? could be like stan chart. down 280 then up to 340 ,am tempted to touch!! hope it doesn't go BMB way. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Boris Boyka wrote:Angelica _ann wrote:NMG surprised me, it has not gained for aloooong time then lost substantially! ppl might be positioning??? could be like stan chart. down 280 then up to 340 ,am tempted to touch!! hope it doesn't go BMB way. NMG breakout to the downside!
Vol spike, but prices have refused to break above 350. Not bullish for now until that resistance gives in. If the vol spike was in Apr 2013, I'd expect a sizable selloff coz that would have been a classic upthrust sellside action. I expect the price to slide, but not below 200 - 220 support zone. Below that zone would put bulls under pressure.
As @sparkly puts it the bluechips have steamed off. I've also stated a while back that the heavyweights are top heavy. A shakeout is coming and the likes of korch, olympia, paka et al which are bogus quality stocks cannot support the lofty market valuations.
Few bargains remain like kplc and TPS, which should be able to withstand the shakeout. I'm also speculating with MSC (high risk - balls of steel needed). I don't see why gok should kill this sugar firm.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:Boris Boyka wrote:Angelica _ann wrote:NMG surprised me, it has not gained for aloooong time then lost substantially! ppl might be positioning??? could be like stan chart. down 280 then up to 340 ,am tempted to touch!! hope it doesn't go BMB way. NMG breakout to the downside!
Vol spike, but prices have refused to break above 350. Not bullish for now until that resistance gives in. If the vol spike was in Apr 2013, I'd expect a sizable selloff coz that would have been a classic upthrust sellside action. I expect the price to slide, but not below 200 - 220 support zone. Below that zone would put bulls under pressure.
As @sparkly puts it the bluechips have steamed off. I've also stated a while back that the heavyweights are top heavy. A shakeout is coming and the likes of korch, olympia, paka et al which are bogus quality stocks cannot support the lofty market valuations.
Few bargains remain like kplc and TPS, which should be able to withstand the shakeout. I'm also speculating with MSC (high risk - balls of steel needed). I don't see why gok should kill this sugar firm.
Not that i follow NMG but i notice this material news http://kahawatungu.com/2014/10/...-board-leaving-december/Agreed on kplc and TPS. Also on Mumias kama ni speculating for the strong hearted. Long term investors are yet to be convinced on the viability of sugar companies in the western sugar belt especially after expiry of COMESA safeguards.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@mwekezaji - if that is material news it should be announced, right? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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He should leave, he's run out of ideas and has become more of a motivational speaker organizing confrences everywhere. You'd think by now Nation media would be pioneering the digital TV space but wapi....he's a flat tire. Infact the shares should rise. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:@mwekezaji - if that is material news it should be announced, right? Indeed. Changamoto kwa nse!
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Too many HELLOS, Time to quit stocks!
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