Wazua
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CURRENT NSE BULL: HAS THE EAGLE ALREADY FLOWN?
Rank: Member Joined: 7/7/2009 Posts: 111
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Just here in another thread wazurians were asking me when i bought my shares because they looked like i had been conned. I have now started to smile. Figure this out: I have about 10K shares of Sasini bought at 18, 16, 15, 13, 8 etc. My average was 15bob for Sasini n i had figured i lost out as i would never sell it. But look at the good old NSE now they are where i want them. Same thing with KQ, i did 54, 40, 36, 25, 22, 19 for a total of 10K and an average of 29.50 and i thot i'd lost out. N NBK was the worst, my average was 48! Now surely i am having the last laugh ... BUT NOT YET BECAUSE I AM YET TO SELL AND I WILL WAIT A WHILE LONGER TO SEE HOW NSE PSYCHOLOGY BENEFITS OR KILLS ME! Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Cicero wrote:Just here in another thread wazurians were asking me when i bought my shares because they looked like i had been conned. I have now started to smile. Figure this out: I have about 10K shares of Sasini bought at 18, 16, 15, 13, 8 etc. My average was 15bob for Sasini n i had figured i lost out as i would never sell it. But look at the good old NSE now they are where i want them. Same thing with KQ, i did 54, 40, 36, 25, 22, 19 for a total of 10K and an average of 29.50 and i thot i'd lost out. N NBK was the worst, my average was 48! Now surely i am having the last laugh ... BUT NOT YET BECAUSE I AM YET TO SELL AND I WILL WAIT A WHILE LONGER TO SEE HOW NSE PSYCHOLOGY BENEFITS OR KILLS ME! @cicero is it that post where you were seeking advise and i said i would further average down sasini and kengen? Sasini was something like 6/- Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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The market has legs. There will be a downturn but overall for those who can/will wait, it will continue rising... unless the politicians screw us up... again! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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@cicero Just imagine if u had cut your losses quickly after it was clear you were making losses,then waited for an opportune moment to get in.I know conventional wisdom dictates that one cannot time the market but in my experience its not so hard infact in march lows it was so obvious almost beyond doubt that the NSE was about to rally...and if wazua was kind enough to retrieve the posts you will see several posts where I was shouting on roof tops for guyz to buy coz I had already made my commitments! yea coz when you buy and cant buy any more is when you urge people to buy!...the only problem is that I jumped in too soon rather than wait for the market to confirm my thinking was right by advancing,I cheated myself out of the early profits esp. in KQ. 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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Rank: Member Joined: 7/7/2009 Posts: 111
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Ithink i am getting experience at the NSE by the hour. If someone was an intelligent machine (like those cinema cyborgs from the future which Schwazzenegger was happy to act), with completely no human human emotions, i think such a "human-cyborg" can make a lot of money at the NSE. Bear me out for a bit ... A cyborg would sell shares without as much as a single emotion when necessary and buy shares worth a little fortune even when Warren Buffet is running to the hills! A cyborg would not have missed Mumias sugar when it was 2.70 or KQ when it was 17 bob or Kakuzi when it was 22 bob. It would have bought Williamson Tea at 45 bob when everyone had taken to the hills. It's all an issue of pychology and if someone was to do Yoga and meditate till they get an intimate hold of their chi, control it completely, acting only with 100% reason and 0% emotion, they'd make a killing at the NSE. Any thoughts to the contrally? Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Rank: Member Joined: 7/19/2006 Posts: 118 Location: Mombasa
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Its still time to buy, buy now, the index is supposed to hit 4040 - 4050! Next week "BUY AS MUCH AS YOU CAN AND HOLD AS LONG AS YOU FEEL" or UNTIL BIGCHAIR TELLS YOU TO! Sound that I love most: Is the ringing bell of Stock Market.
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Rank: Member Joined: 1/15/2010 Posts: 625
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The index is already at 4,000 points. Will it keep going up, will there be another frenzy? The principle of greed tells me YES. The people who were moving the markets and making a kill in 2006 are hungry to make it happen again. If a new constitution passes, there will be another bull. During a bull market your money works for you, during the bear your money runs away from you. This is a game of chess. If something negative happens though, beware the market could go to lows not previously reached. I'm no longer buying coz I'm out of money so I'm just watching from the sidelines for now.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@cicero you are very right... i dont ever touch agriculturals because of my negative sentiment towards them... now i'm just kicking myself for refusing to act on what was in my face... these stocks were/are extremely cheap but i think its almost impossible to get in now... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Agriculturals have had a great run,i still feel Kenya re,Kenol and Jubilee will do well once the results come in.KQ also seems to have some mileage left and if you have forgotten Equity look at the economic indicators all round,the bank thrives on the low end uptick.And pray the mpigs dont messy what is looking like a great year at the NSE.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@cnn, Kenol will do well. For a stock I first got at ksh 115, it has taken quite some buying to average to ksh 67. I expect a bonus issue given the acquisitions they have been making, there is no reason why the price shouldn't hit the nineties after announcement.
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CURRENT NSE BULL: HAS THE EAGLE ALREADY FLOWN?
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