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Standard Chartered Kenya Cut to ‘Hold’ at African Alliance
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guru267
#11 Posted : Saturday, August 07, 2010 11:11:51 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
@qw stop laughing at my mistakes we all start somewhere...when i tell u today that i dont believe in broker recommendatin..u see how they screwed me...LOL...

You should always do your own analysis before then compare it with your brokers... SCBK was a buy at 180 not a hold but at 320 its definitely a hold and even moving towards a sell
Mark 12:29
Deuteronomy 4:16
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sparkly
#12 Posted : Saturday, August 07, 2010 11:51:34 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
deal, and these guys are the supposed 'experts'

I have come to the conclusion that advisors/brokers influence share prices. They do their research and send their recom (usually buy side) to institutional investors. The investors respond trustingly, by throwing big monies into the stock creating huge demand and bidding up the prices. Next time a broker makes a recom, pay attention not coz they are right but you might ride out the price increase caused by the instnal investor activity.
Life is short. Live passionately.
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sheep
#13 Posted : Saturday, August 07, 2010 11:51:54 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
I entered at 150,sold half at 202 and the rest at 300.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Horton
#14 Posted : Saturday, August 07, 2010 12:34:15 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Wow if guys went on in feb on AAs recomendation and held....not bought anymore, we wouldn't have made all dat moolah. So called "experts" indeed.
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cnn
#15 Posted : Saturday, August 07, 2010 12:43:38 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
I am glad i dont fall any broker recomendation.The money made from that counter has been sweet.
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PKoli
#16 Posted : Sunday, August 08, 2010 2:34:02 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
2012 wrote:
the deal wrote:
Feb. 16 (Bloomberg) -- Standard Chartered Bank Kenya Ltd. had its stock recommendation cut to “hold” from “buy” at African Alliance Kenya Securities, which cited recent gains in the lender’s share price for the downgrade in an e-mailed note today.



Now, what does that mean?



When brokers say hold, they often mean sell. At 300 bob for stanchart, I should take profit.
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sparkly
#17 Posted : Sunday, August 08, 2010 11:30:40 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@pk only the brokers understand their language. There is a broker who issued a hold recom on BBK when it was trading at 37 (last year) citing slow uptake of loans and limited expansion . I thought banks were about to collapse, but look where we are now.
Life is short. Live passionately.
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sheep
#18 Posted : Sunday, August 08, 2010 2:10:28 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
It takes lots of guts for a broker to recommend hold or sell...this may mean loss of future business with the said co.s...thats why most will shout BUY BUY BUY regardless...I respect brokers with independent opinions even if wrong.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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PKoli
#19 Posted : Sunday, August 08, 2010 2:30:00 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
sparkly wrote:
@pk only the brokers understand their language. There is a broker who issued a hold recom on BBK when it was trading at 37 (last year) citing slow uptake of loans and limited expansion . I thought banks were about to collapse, but look where we are now.


I think brokers are 'sponsors' of certain securities. They seem to be giving them varourable coverage/analysis.
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