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IMF,Worst of Crisis Over,Foreign Activity Surges
novestor
#1 Posted : Tuesday, April 28, 2009 10:34:00 AM
Rank: Member


Joined: 9/4/2008
Posts: 48
Blue Chips EABL,BBK,Equity,KCB Volumes up sharply all on net +ve foreign buys,all counters with net +ve foreign buys if any on all counters,Kunakujwa.
IMF declares worst of crisis has passed,sustainable rise on the way?

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Obi 1 Kanobi
#2 Posted : Tuesday, April 28, 2009 10:53:00 AM
Rank: Elder


Joined: 7/23/2008
Posts: 3,017
Many foreigners coming to the NSE are risk savvy speculators hoping to play around with the unsophisticated minds of the average kenyan investor. I don't think any is planning long-term.

e.g throw money at KCB,@18,share moves to 19.50 (8.33%) return in a few days. For someone with Sh.20m,you are looking at 1.5m profits from the comforts of your livingroom.


I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
ecstacy
#3 Posted : Tuesday, April 28, 2009 11:00:00 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
I beg to differ. A majority are taking advantage off the low prices to take mid-long term positions on select stocks. The picks tell all.
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