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Kenyan Stocks are Manipulated and Slow!
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globeinterface
#1 Posted : Friday, May 08, 2009 6:10:00 PM
Rank: Member


Joined: 6/11/2008
Posts: 8
I have been investing in NSE for a while now and I am real close to bailing out. Peopel investing in NYSE are becoming millionaires ....



Watch this stocks in Yahoo or CNNmoney,com..do a 6month graph on them...



FITB

STT

CBS

WFC

RRD

FIG

GS

And many more...Why would a foreign throw their money to safariconm taht has been ksh 280 for months or any other stocks going up by 5 shillings if they can make so much money else where?




Chance favors the prepared mind.
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eli
#2 Posted : Saturday, May 09, 2009 6:45:00 AM
Rank: Member


Joined: 6/17/2008
Posts: 294
How do I go about investing in NYSE? I would love to start! peter@thedoxa.net

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
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sheep
#3 Posted : Saturday, May 09, 2009 10:28:00 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
I also noticed this....several banking stocks in the US are up 10 times.How does one invest offshore,particulary in the US?
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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nanfor
#4 Posted : Saturday, May 09, 2009 12:42:00 PM
Rank: Member


Joined: 3/6/2009
Posts: 172
The best options you have are

IB

eTrade and

Tradestation

You had better learn all you can about stock trading because you have just picked the nice stocks. Those markets require that you know what you are doing and not the Kenyan way of talking to a broker who gives you a heads up.

The links I have given are golden and you can trade anything you wish from stocks to forex to futures. eTrade are also good enough to give you a debit card if you are a foreigner. I have introduced a few fellows and they are happier than trading this stocko exshagi.
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Charley
#5 Posted : Saturday, May 09, 2009 4:33:00 PM
Rank: Member


Joined: 9/18/2008
Posts: 27
Much as I agree with your sentiments that NSE stocks are prone to all manner of malpractices,@nanfor mentions you selectively picked US stocks. Currently Americans have lost faith in stocks because of the ongoing financial meltdown (there is currently an upswing though and the worst may be over); they have lost massively (especially pensioners about to retire and their 401Ks). I am not sure where these millionaires you are talking about are coming from! The current advise from a well known financial advisor on investing in NYSE - do not invest in stocks if you cannot hold for at least 10years; and then spread your investment across counters and average buy over time (average down) on these counters.

NSE is just a question of listening to the grapevine (insiders) and hope you catch a wave on the up - and avoid wananchi euphoria...... However,if you have 10 years to spare,take the advise above - but know when to bail out and be courageous enough to do so - BUT I do not believe you will be a multimillionaire ((20X) plus) via NSE (unless you are on the eating table! or unless you were one to begin with!); some decent money,sure,but that's just about it! Nunua plots! Kenyans have insatiable appetites for these; but even then you must hold for some time.
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jerry
#6 Posted : Saturday, May 09, 2009 8:47:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
I agree with the initiator of the thread. If u look at some trades u'll wonder if the bids r placed by adults! How do u explain a sale order of 100 shares worth a few 100s of KES? Think of the cents due to CMA,NSE,CDSC etc. Not everyone can/should invest in shares. Even in manipulation we need to be more serious!

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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