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How to tell NSE has bottomed out

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Cde Monomotapa		#521 Posted : Monday, August 29, 2011 5:21:42 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		incognito wrote: Cde Monomotapa wrote: @incognito..Soon you'l come to find it profitable to do the opposite of what QW says Which is? What is contained in this thread
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Aguytrying		#522 Posted : Monday, August 29, 2011 6:34:17 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		Now people are talking about 2500!!! what. got a glimpse of my portfolio today(since last month) and almost fainted. though not that bad, i expected worse than 12%. This market can sure make an investor look dim. You buy a stock thinking its hit rock bottom only for it to continue falling. Scan today touched 40.75! equity 19.20!! Barclays 12.90. un-frakking believable.often of late when going through the daily prices i gasp in shock. The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa		#523 Posted : Monday, August 29, 2011 7:02:25 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		@aguy..since the NSE isn't responding to its own +ve economic fundamentals but fixated on matters abroad (tis good to b ambitious but not unreasonably) then I figure we swiftly move down technically to 2,500pts get it over with and bounce back #period#
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holycow		#524 Posted : Monday, August 29, 2011 7:46:56 PM
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home		Cde Monomotapa wrote: @aguy..since the NSE isn't responding to its own +ve economic fundamentals but fixated on matters abroad (tis good to b ambitious but not unreasonably) then I figure we swiftly move down technically to 2,500pts get it over with and bounce back #period# CDE for CMA/NSE Chairman.
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Cde Monomotapa		#525 Posted : Monday, August 29, 2011 7:58:29 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		holycow wrote: Cde Monomotapa wrote: @aguy..since the NSE isn't responding to its own +ve economic fundamentals but fixated on matters abroad (tis good to b ambitious but not unreasonably) then I figure we swiftly move down technically to 2, 500pts get it over with and bounce back #period# CDE for CMA/NSE Chairman. Gracias... I am honored
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youcan'tstopusnow		#526 Posted : Monday, August 29, 2011 8:03:21 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Cde Monomotapa finally admits that markets the world over are connected PROUD GOD BLESS YOUR LIFE
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Cde Monomotapa		#527 Posted : Monday, August 29, 2011 8:23:24 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		youcan'tstopusnow wrote: Cde Monomotapa finally admits that markets the world over are connected PROUD Hey! I've been misquoted coz I believe if we weaned ourselves off relying on foreign investors to drive our markets yet we have our own potential domestic market makers like public & private pension and investment funds i.e NSSF, ICEA, Insurance Co.s, Investment Groups e.t.c exposes ignorance of our domestic economic realities. Our companies report superior returns and yet we fail to co-relate it through the NSE as if our companies operate on Mars and yet it is us fueling at KK, shopping at Uchumi, banking at KCB, adding Mumias sugar to our tea every so often. That's how these companies make money to pay us dividends. Foreign investors don't even spend a dime in our real economy!!
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Cde Monomotapa		#528 Posted : Monday, August 29, 2011 8:37:18 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		I admit that we have challenges domestically like cyclical food inflation, high cost energy, a weak shilling e.t.c BUT we are still at a net positive economically! We don't have a soveriegn debt crisis here as our debt to GDP is healthy @53%* unlike in the West where they are over leveraged at both personal & national level. Our Govt.spending (national budget) is growing with a lot going into development and infrastructure UNLIKE the West who are implementing austerity measures by cutting public spending. SO when I find Kenyan investors overly fixated on happenings abroad it almost brings me to tears. If it wasn't for the bargains presented to me courtesy of such dislocations with economic reality...i'd probably be cardiac by now
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the deal		#529 Posted : Monday, August 29, 2011 8:58:53 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Well my thinking is, instead of fasting, engaging in prayers or spending endless hours analyzing charts why don't you monitor the performance of a few stocks which might provide key leads to where the market is headed, i call such stocks bell-weathers. The term bell-weather was initially used to describe a sheep which leads a flock, the sheep usually a castrated Ram would have a bell to attract other sheep's thus the sheep determined where others would go. Read more here http://www.contrarianinv...the-bellweathers.html
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youcan'tstopusnow		#530 Posted : Monday, August 29, 2011 9:35:30 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		They say even the CRAP rises with the tide... GOD BLESS YOUR LIFE
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