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How to tell NSE has bottomed out
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Aguytrying
#571 Posted : Friday, September 02, 2011 5:33:04 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Things are whats the word...... THICK. Im wondering...... we all knew this time would come, but we thought it would be around election time, it has come a full year ahead of schedule.
Does this mean that this will last till after election? or the bear may even get worse than we earlier thought as we near election? Or could their be another twist yet again, as it has already? just thinking out loud.
The investor's chief problem - and even his worst enemy - is likely to be himself
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QW25081985
#572 Posted : Friday, September 02, 2011 5:39:24 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
am waiting for access kenya @ 3 bob . Gosh Gosh gosh . cant wait ....
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kiterunner
#573 Posted : Friday, September 02, 2011 8:23:25 PM
Rank: Member

Joined: 7/9/2011
Posts: 730
Location: Nairobi
Now I believe the bottom is nowhere near, i have reluctantly sold my whole portfolio (thank God still in greens in total but bare so) I have revised my target prices downwards to get back

NMG 110
MPESA BANK 1.90
JUB 110
ACCESS 3
KQ 22
KCB 12
EQUITY 10

I will wait for these prices or for the official election dates announcement or for the NSSF Money to be poured. Whichever comes first.

For now i ll sit and watch
our goals are best achieved indirectly
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QW25081985
#574 Posted : Friday, September 02, 2011 8:35:49 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
kiterunner wrote:
Now I believe the bottom is nowhere near, i have reluctantly sold my whole portfolio (thank God still in greens in total but bare so) I have revised my target prices downwards to get back

NMG 110
MPESA BANK 1.90
JUB 110
ACCESS 3
KQ 22
KCB 12
EQUITY 10

I will wait for these prices or for the official election dates announcement or for the NSSF Money to be poured. Whichever comes first.

For now i ll sit and watch



Firstly you are pretty late in selling, lol Better work on your visionary skills, hehhehe.but atleast you aren't in losses. Secondly before you even start thinking that we have bottomed the index must touch 3k .I told guys when this foreigner come from their summer vacation the nse will see fire . Guess what . its just the begining.Mambo bado.Phewwwwwwwwwww !!!!!!!!!!!!!! what away to start September , lol
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QW25081985
#575 Posted : Friday, September 02, 2011 8:42:02 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
the lowest equity can fall ( technically is 13 bob ) to think it will touch 10 bob is abit tooooooo much.
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hisah
#576 Posted : Saturday, September 03, 2011 7:16:40 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25081985 wrote:
the lowest equity can fall ( technically is 13 bob ) to think it will touch 10 bob is abit tooooooo much.

I heard this talk when member was 30 & its has now exceeded my 20/- target. At 10/- member would be excessively oversold, but when wanjiku is spooked, any bailout price will do!

The same was said about MSC that a fall to 8.40 from 13 would be 'too much'... Same with JBL from 130 to 110 - 115. All targets exceeded?!


Unless one has the NSSF funds, wait for the mboyz to create the floor. No need to catch a falling knife & it doesn't hurt to sit on cash. Volumes will tell you where they're creating floors. E.g. Look at the mpesa counter weekly volume.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Saturday, September 03, 2011 7:39 AM | Reason: Not specified
sparkly
#577 Posted : Saturday, September 03, 2011 7:28:37 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
QW25081985 wrote:
am waiting for access kenya @ 3 bob . Gosh Gosh gosh . cant wait ....

Trying to time the market? Haya jaribu. But AK is trading very thin volumes and you might be left chasing the bus when the share turns.
Life is short. Live passionately.
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hisah
#578 Posted : Saturday, September 03, 2011 7:34:06 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Britak will be listed on Sept 8th. A day after a German court decides if it is unconstitutional for Germany to bailout PIIGS esp Greece thru the EFSF program. The outcome if against will pour cold water onto Europe & defaults will be likely. Last month US got downgraded & markets have snapped months of gains. NSE too saw a big decline in Aug. In short if the Germans says no (likely), markets will get spooked.
Now what is the sense of risking the britak listing a few hours later??? Unless PPT is planing to build a floor from Monday, it just doesn't make sense. Being a fresh listing there is no floor/roof... One spooked wanjiku could decide to sell @7 just to get out with low demand... Don't they see this or do they want this? The latter question is devious to say the least & this is where CMA looks like CCK or CBK... Perhaps something to do with the letter 'C'...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Saturday, September 03, 2011 7:35 AM | Reason: Not specified
sparkly
#579 Posted : Saturday, September 03, 2011 7:40:01 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
Things are whats the word...... THICK. Im wondering...... we all knew this time would come, but we thought it would be around election time, it has come a full year ahead of schedule.
Does this mean that this will last till after election? or the bear may even get worse than we earlier thought as we near election? Or could their be another twist yet again, as it has already? just thinking out loud.

@ajamaatrying, IMHO this bear has nothing to do with perceived political risk or fundamentals but is due to the economic weaknesses in the west and the foreign investors pulling money out of risky assets and markets. By elections time this market will be so undervalued, if political risk is factored.
Life is short. Live passionately.
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sparkly
#580 Posted : Saturday, September 03, 2011 7:53:22 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Cde Monomotapa wrote:
Accumilate large caps.

Most of the large caps are still holding on defensively kina eabl, bamburi, scb. At least nmg, eb, kcb, mpesa are giving in. Ukitaka those blue chips ngoooooja tu, usieweeeee na harakaaaaa... Basi
Life is short. Live passionately.
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