Bear Market = Opportunity To Accumulate Shares You Fancy

Speaking of tumbles, has anyone noticed the co-relation of access kenya n cmc's tumble. They have been falling together in the recent weeks. Weird.

Interesting scenario, both hitting new lows.the other day I was wondering wether CMC will join neveready and olympia or are these new opportunities worth considering?

@mufasa

... my stand...profit taking is much afoot..so actually my buyin now is making someone else profit! ..with a few exceptions of scared retailers selling below cost..out of fear..and they ain't so many.. KQ was at some not so distant past at 20bob..someone bought then..he should have sold earlier..but seeing potential gains eroded now..he's more than willing to sell at 39... maybe..that's just one..same can translate to literally all counters save for Access, Kenya Re Cmc and Eveready...and panafric too..

So..in rearranging my portfolio..am sellin off too.. but won't be buying till in very soonest..(sic) May 2011..spread buy all the way through to late august-early september..

I've noticed some already buying..even since november last year..the Likes of Vituvingi, Hisa, Mwanahisa..of course the QW fellow who insulted me while kq was at 45 and heading lower.. ..and many others.. I'm convinced we have millionaires here..to sustain buying action 4 months in advance and still continue through peaking season and now while profit taking is afoot!!! I salute you people!

Eh!

Would you like to wager on the April turn around you have indicated?

I have actually been a NET SELLER over the last few weeks. I SOLD KPLC (after the rights started trading), BBK (after announcement), Car & General (post announcement)and recently Coop Bank and HFCK (this I only completed selling yesterday). On the other hand I bought Equity @ 27.50 and sold immediately after announcement at 29 although I still retain quite a chunk there. I also made a speculative move into Mumias at average of 7.70 which I have now liquidated at a very modest profit. I have also been ACTIVELY BUYING KCB both before and AFTER the announcement.

While, I am always in the market, I strive to take advantages of spikes and dips on my favoured counters whenever the opportunity presents itself by selling and then re-entering.

I currently have about 20% of my portfolio in cash and I am also watching out for the BARGAINS, of which there are so MANY emerging. I intend to purchase some good dividend plays such as BBK (@65-66 or thereabouts), more KCB and I may even make a play for EA Cables prior to dividend closure if price falls to the Kshs 18 level. The rest will go back into Equity and reentry into HFCK if the price continues falling and a little into my pet stock (Jubilee Ins Holdings). I am also watching KENRE and may buy a few for the heck of it as I believe it is massively undervalued (IT WILL PROBABLY BE UNDERVALUED TILL KINGDOM COME)!!

This is why I LOVE wazua. So may research shortcuts. Thanks!!

@ProverB. Actually I do indicate when I sell(e.g. if you go through the blogs I have contributed on stocks such as HFCK, KPLC & CnG, you will see this, while for Mumias I had a predetermined target). Admittedly I do NOT do it all the time and even when I do, it will usually be after the fact. Besides, the comment on the sale may not necessarily be prompt upon selling or even on the initial thread, hence I agree it may be difficult for "followers" to adopt an identical or even similar strategy.

There are various reasons for this e.g. a sudden change of circumstances in relation to the company which requires a swift reaction and hence does not allow for time to "announce" the sale. In addition in cases of thinly traded shares, I for one will not want to spook the market by indicating that I intend to sell as I may then not even be able to get a buyer especially if I am selling a substantial quantity. You may consider this selfish but then my primary responsibility is to myself.

Folks should keep in mind that views expressed are NOT sacrosanct and can sometimes change on a whim, even when they were originally stated with the best of intentions. Furthermore very few of us will want to BROADCAST it when we sell at a loss.

People buy into various counters for different reasons, hence my motives for BUYING/SELLING will not necessarily be the same as for others and I guess that's partly the reason I find sellers when I think a counter is a good buy and vice versa. When all is said and done, one needs to do their own research and that's why many of us carry disclaimers especially on our buys.

Personally, I do NOT buy/sell a counter ONLY because of what I read on Wazua although it does sometimes contribute to my decision. In any event, it may prompt me to watch a particular stock more closely, even when I do not trade in that counter. I find Wazua pretty good in gauging the mood of the market. This is both in general terms and sometimes specifically towards individual counters, which is helpful for corroborating whatever fundamentals I have on a counter, as I am not skilled in TA.

In closing, I reiterate a comment I once read somewhere that stock blogs often carry a lot of bias. Hence they are unreliable sources of stock advice as one cannot be sure what the bloggers motivation really is. A cardinal rule therefore is that one should always treat what they read here with CAUTION.

@mwanahisa: good insights. I agree with you that one must do there own personal research in addition to what is in wazua. although I must say that most contributors in wazua do have pretty good insights in some cases.
having said that, i dont understand what you see in EA cables, this is the 2nd yr running that they are experiencing losses. maybe even 3rd am not sure. And KCB.... full of good propects you'd think the stock will soon sky rocket, but i highly doubt it will pass the KSh. 25/= by close of the yr. and even that 25/= could be overatted. They have good profits, biggest percentage in the property mkt, expanding branches etc. on the other hand though KCB is not properly managed hence the poor performance in its stock price

Good read: @ mwanahisa & @ proverb.

Keep it up guys. I am trying to reposition myself. Having played banks for last qtr of last year, I am already attempting to sell EB. That will leave me with DTB which I will dispose one results either confirm a bonus or leaves most of us high and dry.

My next moves will go 2wards highly speculitive plays targeting max of 20%. I will also transfer some of the profits to real estate at least upto 2013 when I expect any significant mrkt comeback to resume.

Hi Guys, I just want to know about kenyan stock market. Do you have any Future & Option instrument in market.

Also is it allowed to shortsell index / stock ?

I do trade in INDIA. My todays turnover was 1.8 million kenyan shiling.

I was just being curious about market hence asked.