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How to tell NSE has bottomed out
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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lochaz-index wrote:Aguytrying wrote:Guys, i know what most of you are feeling....like shares will continue to sink forever so you are afraid to buy, right?
Well, fear not. Let's not forget the NSE 20 is at 3,500 points. 3,500! The NSE 20 was at 5400 less than 2 years ago, lets not forget that. In the previous bear market of 2011 it hit a low of about 3100. In 2008/9 it hit about 2800. If this is not the bottom it's not very far. It may take long it terms of time but in terms of further sinking we can't expect say another 50% drop.
But buying has to be selective. Take the leap of faith and buy your undervalued stocks.
The only time this feeling will go away is when it's clear to everyone that we found a bottom a while back and by then it might be too late or u will have missed some good low entry points.
#bear survival tactics It hit 2360 during the GFC. I am expecting a 50% drop from current levels...but that is no reason not to buy. Everyone has his/her own style and that is what as investors we should be refining/focusing on coz bottom fishing is not a science. In addition, all stocks wont hit the bottom at the same time. Choose your battles wisely. you beat me in pessimism, 50% further from today, a miracle. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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mlennyma wrote:lochaz-index wrote:Aguytrying wrote:Guys, i know what most of you are feeling....like shares will continue to sink forever so you are afraid to buy, right?
Well, fear not. Let's not forget the NSE 20 is at 3,500 points. 3,500! The NSE 20 was at 5400 less than 2 years ago, lets not forget that. In the previous bear market of 2011 it hit a low of about 3100. In 2008/9 it hit about 2800. If this is not the bottom it's not very far. It may take long it terms of time but in terms of further sinking we can't expect say another 50% drop.
But buying has to be selective. Take the leap of faith and buy your undervalued stocks.
The only time this feeling will go away is when it's clear to everyone that we found a bottom a while back and by then it might be too late or u will have missed some good low entry points.
#bear survival tactics It hit 2360 during the GFC. I am expecting a 50% drop from current levels...but that is no reason not to buy. Everyone has his/her own style and that is what as investors we should be refining/focusing on coz bottom fishing is not a science. In addition, all stocks wont hit the bottom at the same time. Choose your battles wisely. you beat me in pessimism, 50% further from today, a miracle. In deed battles are to be chosen wisely
KQ ABP 4.26
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mlennyma wrote:lochaz-index wrote:Aguytrying wrote:Guys, i know what most of you are feeling....like shares will continue to sink forever so you are afraid to buy, right?
Well, fear not. Let's not forget the NSE 20 is at 3,500 points. 3,500! The NSE 20 was at 5400 less than 2 years ago, lets not forget that. In the previous bear market of 2011 it hit a low of about 3100. In 2008/9 it hit about 2800. If this is not the bottom it's not very far. It may take long it terms of time but in terms of further sinking we can't expect say another 50% drop.
But buying has to be selective. Take the leap of faith and buy your undervalued stocks.
The only time this feeling will go away is when it's clear to everyone that we found a bottom a while back and by then it might be too late or u will have missed some good low entry points.
#bear survival tactics It hit 2360 during the GFC. I am expecting a 50% drop from current levels...but that is no reason not to buy. Everyone has his/her own style and that is what as investors we should be refining/focusing on coz bottom fishing is not a science. In addition, all stocks wont hit the bottom at the same time. Choose your battles wisely. you beat me in pessimism, 50% further from today, a miracle. 50% drop is just another way of saying sub 2000. The market is going to be a very exciting place for those who keep up without despair. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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No no, we are not feeling like shares will never stop sinking. We are feeling like we are sinking into a dark hole. Have heard of the Bermuda triangle
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Rank: User Joined: 1/20/2014 Posts: 3,528
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lochaz-index wrote:mlennyma wrote:lochaz-index wrote:Aguytrying wrote:Guys, i know what most of you are feeling....like shares will continue to sink forever so you are afraid to buy, right?
Well, fear not. Let's not forget the NSE 20 is at 3,500 points. 3,500! The NSE 20 was at 5400 less than 2 years ago, lets not forget that. In the previous bear market of 2011 it hit a low of about 3100. In 2008/9 it hit about 2800. If this is not the bottom it's not very far. It may take long it terms of time but in terms of further sinking we can't expect say another 50% drop.
But buying has to be selective. Take the leap of faith and buy your undervalued stocks.
The only time this feeling will go away is when it's clear to everyone that we found a bottom a while back and by then it might be too late or u will have missed some good low entry points.
#bear survival tactics It hit 2360 during the GFC. I am expecting a 50% drop from current levels...but that is no reason not to buy. Everyone has his/her own style and that is what as investors we should be refining/focusing on coz bottom fishing is not a science. In addition, all stocks wont hit the bottom at the same time. Choose your battles wisely. you beat me in pessimism, 50% further from today, a miracle. 50% drop is just another way of saying sub 2000. The market is going to be a very exciting place for those who keep up without despair. Kwani what will the prices be like then???  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Othelo wrote:lochaz-index wrote:mlennyma wrote:lochaz-index wrote:Aguytrying wrote:Guys, i know what most of you are feeling....like shares will continue to sink forever so you are afraid to buy, right?
Well, fear not. Let's not forget the NSE 20 is at 3,500 points. 3,500! The NSE 20 was at 5400 less than 2 years ago, lets not forget that. In the previous bear market of 2011 it hit a low of about 3100. In 2008/9 it hit about 2800. If this is not the bottom it's not very far. It may take long it terms of time but in terms of further sinking we can't expect say another 50% drop.
But buying has to be selective. Take the leap of faith and buy your undervalued stocks.
The only time this feeling will go away is when it's clear to everyone that we found a bottom a while back and by then it might be too late or u will have missed some good low entry points.
#bear survival tactics It hit 2360 during the GFC. I am expecting a 50% drop from current levels...but that is no reason not to buy. Everyone has his/her own style and that is what as investors we should be refining/focusing on coz bottom fishing is not a science. In addition, all stocks wont hit the bottom at the same time. Choose your battles wisely. you beat me in pessimism, 50% further from today, a miracle. 50% drop is just another way of saying sub 2000. The market is going to be a very exciting place for those who keep up without despair. Kwani what will the prices be like then??? its will so sweet, you will ur entire clan to bankroll you into buying binge ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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lochaz-index wrote:Aguytrying wrote:Guys, i know what most of you are feeling....like shares will continue to sink forever so you are afraid to buy, right?
Well, fear not. Let's not forget the NSE 20 is at 3,500 points. 3,500! The NSE 20 was at 5400 less than 2 years ago, lets not forget that. In the previous bear market of 2011 it hit a low of about 3100. In 2008/9 it hit about 2800. If this is not the bottom it's not very far. It may take long it terms of time but in terms of further sinking we can't expect say another 50% drop.
But buying has to be selective. Take the leap of faith and buy your undervalued stocks.
The only time this feeling will go away is when it's clear to everyone that we found a bottom a while back and by then it might be too late or u will have missed some good low entry points.
#bear survival tactics It hit 2360 during the GFC. I am expecting a 50% drop from current levels...but that is no reason not to buy. Everyone has his/her own style and that is what as investors we should be refining/focusing on coz bottom fishing is not a science. Besides, all stocks wont hit the bottom at the same time. Choose your battles wisely. I like that "choose your battles wisely" Very true they don't bottom at the same time. Wow 2000 even sub 3000 would be breathtaking to see. I'm targeting +200% gains next bull whenever that will be the longer bear last the longer I can buy and the rich I'll eventually be. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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streetwise wrote:No no, we are not feeling like shares will never stop sinking. We are feeling like we are sinking into a dark hole. Have heard of the Bermuda triangle Take heart brother, it's darkest before the dawn. Plan to plant The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Interest rate cap bill signed. Perfect! Time to revive this thread... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/31/2007 Posts: 304
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Aguytrying wrote:streetwise wrote:No no, we are not feeling like shares will never stop sinking. We are feeling like we are sinking into a dark hole. Have heard of the Bermuda triangle Take heart brother, it's darkest before the dawn. Plan to plant Forget about dawn,a new normal has been established with this government,chini kwa chini is the new trend so adjust accordingly.I was in denial for sometime but I have now accepted.Even seemingly good,strong and reliable stocks will plunge.At the moment you might not know why,but be guaranteed it will happen this clueless government will do something. The current events remind me of the last years of the Moi regime when the NSE was in a coma.Everything was just down it didn't matter what a company did. All these changed with the entry of Kibaki and it was like a light bulb had been switched on.
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