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AND NOW NSE goes south
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mwenza
#1 Posted : Wednesday, May 26, 2010 11:37:59 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
Almost all the counters are going south today.

Is it because of the Kadhi courts or is our market reponding to the global markets downturn? Even Safcom, after posting such splendid results has not been spared.

Those who did not alight from the bus during the bull-run shauri yenu.

Meanwhile i wait to board the Equity bus at 18bob.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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  | | Edit by user: Wednesday, May 26, 2010 11:43 AM | Reason: Not specified
the deal
#2 Posted : Wednesday, May 26, 2010 11:44:32 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
no need for panic...the bull is still on..SELL NOW...REGRET LATER..
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mwenza
#3 Posted : Wednesday, May 26, 2010 11:52:16 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
Over 90% of the counters are showing 'red'
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Kamaa
#4 Posted : Wednesday, May 26, 2010 12:06:43 PM
Rank: Veteran

Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
another opportunity to board the buses....

smile
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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mwenza
#5 Posted : Wednesday, May 26, 2010 12:20:11 PM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
Today at 2.20pm, sample this........

Mumias....12.30/=
safcon....5.35/=
Kenol.....96.50/=

Ni kubaya!!!!
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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cnn
#6 Posted : Wednesday, May 26, 2010 12:39:50 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@mwenza,we have seen worse before.Contrary to the mood here,markets in Asia closed higher and European ones are also trading higher,if we get another session in these markets like today,we could see the foreign exit slow down.BUT the turnover today is hefty,1.3 billion shillings as of this hour.
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MaichBlack
#7 Posted : Wednesday, May 26, 2010 12:45:55 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
mwenza wrote:
Today at 2.20pm, sample this........

Mumias....12.30/=
safcon....5.35/=
Kenol.....96.50/=

Ni kubaya!!!!


I've got my eyes on Kenol vibaya sana. Mulika Mwizi!!! This is one bus I'm so getting into. Just observing the market and once I make the decision (before friday 3:00pm), I'm in mbaya! Wherever the bus goes as from next week I go with it. I'll be the guy seated next to @vvs asking him, wewe ulilipishwa fare pesa ngapi? Unashukia mwisho ama njiani? Twende kazi!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Wednesday, May 26, 2010 12:50 PM | Reason: Not specified
ProverB
#8 Posted : Wednesday, May 26, 2010 12:56:53 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mwenza wrote:
Almost all the counters are going south today.

Is it because of the Kadhi courts or is our market reponding to the global markets downturn? Even Safcom, after posting such splendid results has not been spared.

Those who did not alight from the bus during the bull-run shauri yenu.

Meanwhile i wait to board the Equity bus at 18bob.



market focus is on safaricom, most sell off is profit taking while other would be buyers resolve to wait and see what happens today.. europe dramas effect on NSE is not so likely..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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sheep
#9 Posted : Wednesday, May 26, 2010 1:00:41 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
Wouldnt it be a shame if the NSE crosses the 6000 mark in 2017?

Remember in 1993 the index was at around 5000pts,8yrs later at 1000pts...17yrs later we are at 4300,thats a lifetime!!!...so the belief that the index always goes up is unfounded.

This is a traders market...BUY LOW SELL HIGH

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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cnn
#10 Posted : Wednesday, May 26, 2010 1:00:47 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@maichblack.,Total 1st quarter has given a peek at how this sector is doing,300% growth in gross profits.
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