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114 Pages«<102103104105106>»
Madness at the NSE
lochaz-index
#2061 Posted : Friday, February 28, 2020 10:36:47 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,115
Sufficiently Philanga....thropic wrote:

We are waiting for The Donald to wake up.....in store for us, after that huge 4 digit figure sell off on the Dow.......is a plethora of Tweets..This should keep us going through the fire.

Closer home, today, we slide below 2360 at the NSE20Pray .........in the absence of any positive news on the Corona virus.

Early action on the NSE isn't encouraging for the bulls.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#2062 Posted : Friday, February 28, 2020 10:42:44 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,115
FUNKY wrote:
https://www.firstpost.com/business/sensex-sinks-1083-85-points-in-opening-session-amid-global-selloff-nifty-tanks-312-points-over-rs-5-lakh-cr-investor-wealth-wiped-off-8096571.html?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20News&utm_content=&utm_term=

Nifty and sensex have both had a multi year bull charge in similar fashion to US market. With the Indian economy slowing down for three years back to back a correction was in order. Religious and civil tension in the country will only exacerbate the pounding.

The more promising long plays are in the Chinese market...the irony. Shanghai composite has been tanking since 2015 and will bottom out faster than most markets.
The main purpose of the stock market is to make fools of as many people as possible.
watesh
#2063 Posted : Friday, February 28, 2020 11:11:47 AM
Rank: Member


Joined: 8/10/2014
Posts: 810
Location: Kenya
Bank stocks on a free fall....demand is drying up
winmak
#2064 Posted : Friday, February 28, 2020 11:16:46 AM
Rank: Member


Joined: 12/1/2007
Posts: 495
Location: Nakuru
watesh wrote:
Bank stocks on a free fall....demand is drying up


Come baby come... COOP at 13.1 booked
For investors as a whole, returns decrease as motion increases ~ WB
watesh
#2065 Posted : Friday, February 28, 2020 11:25:07 AM
Rank: Member


Joined: 8/10/2014
Posts: 810
Location: Kenya
winmak wrote:
watesh wrote:
Bank stocks on a free fall....demand is drying up


Come baby come... COOP at 13.1 booked

KCB down to 44.50, Equity down to 46, NCBA down to 31, I&M down to 50
Ericsson
#2066 Posted : Friday, February 28, 2020 11:28:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
winmak wrote:
watesh wrote:
Bank stocks on a free fall....demand is drying up


Come baby come... COOP at 13.1 booked

Still room for further fall next week
Ericsson
#2067 Posted : Friday, February 28, 2020 12:26:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
xtina wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
lochaz-index wrote:
xtina wrote:
I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT.

Is this wise?



I do not know Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020.

Ride the wave first then sell once the excitement is fizzling out towards the end of November.


Nimetoka, wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good


It seems I did make good decision after all, offloaded 90% of my shares at peak price then and buy early 2020. Glad to see shares retracting and looking very attractive. Shida ni sina pesaLaughing out loudly Laughing out loudly . Very good prices now 27th Feb:
1. Centum 25.55
2. Safcom 28.10 (but should really go lower)--Goes below 28 in trading today.
3. Equity 48 Check the plunge on Equity share price today
4 KCB 46.5 (I can't believe it's even lower than Equity Laughing out loudly but I won't buy KCB)
5. NCBA 35.00
6. I$M 50
7 BAT 490 (I hope it goes lower).

Sufficiently Philanga....thropic
#2068 Posted : Friday, February 28, 2020 5:08:50 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,088
Location: Sundowner,Amboseli
NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337

RSI on the monthly chart slides below 30Pray

Markets
Sufficiently Philanga....thropic
#2069 Posted : Friday, February 28, 2020 5:12:21 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,088
Location: Sundowner,Amboseli
VituVingiSana wrote:
Sufficiently Philanga....thropic wrote:
September 2019 low of 2420 taken out. NSE20 prints 2410..... 50 points shy of March 2009 GFC low of 2360


The Lost Decade for the NSE. Without Safaricom, would we be looking at 2,000 or lower?

Praying we don't lose this one as well.
Markets
Ericsson
#2070 Posted : Friday, February 28, 2020 5:27:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
Sufficiently Philanga....thropic wrote:
NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337

RSI on the monthly chart slides below 30Pray



Now we need to look at specific counters,the lows they will hit.
cnn
#2071 Posted : Friday, February 28, 2020 5:29:30 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,565
Sufficiently Philanga....thropic wrote:
NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337

RSI on the monthly chart slides below 30Pray


Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%.
VituVingiSana
#2072 Posted : Saturday, February 29, 2020 9:50:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
cnn wrote:
Sufficiently Philanga....thropic wrote:
NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337

RSI on the monthly chart slides below 30Pray


Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%.
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Monk
#2073 Posted : Saturday, February 29, 2020 11:33:57 AM
Rank: Member


Joined: 7/1/2009
Posts: 161
cnn wrote:
Sufficiently Philanga....thropic wrote:
NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337

RSI on the monthly chart slides below 30Pray


Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%.


That's the beauty of holding solid firms long-term. As their earnings grow over time, so does your DY. One of my holdings of over 10 years has been giving me between 12-15%.
VituVingiSana
#2074 Posted : Saturday, February 29, 2020 10:14:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Monk wrote:
cnn wrote:
Sufficiently Philanga....thropic wrote:
NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337

RSI on the monthly chart slides below 30Pray


Here we are again ,but back then we had some very juicy dividend offerings ,some that i hold to date ....i am hoping we get pushed to dividend yields > 10%.


That's the beauty of holding solid firms long-term. As their earnings grow over time, so does your DY. One of my holdings of over 10 years has been giving me between 12-15%.
Of course, we want higher dividends as time passes but like you I have some shares bought years ago that are yielding sweet dividends on the original purchase price. Long-term investing in good firms does pay dividends. Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#2075 Posted : Tuesday, March 03, 2020 10:48:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
Invepreneur
#2076 Posted : Wednesday, March 04, 2020 7:56:05 AM
Rank: New-farer


Joined: 12/14/2015
Posts: 29


The Dragon Portfolio: How to Preserve and Grow Your Wealth for the Next Century

Is this you VVS?
The hot stock is the one that everyone thinks that everyone else thinks....is the hot stock (Dixit & Nalebuff, 2008).
mlennyma
#2077 Posted : Wednesday, March 04, 2020 9:42:26 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,034
Location: nairobi
Somebody bought Kcb at 43 afew days ago and can sell 5bob more now.
"Don't let the fear of losing be greater than the excitement of winning."
Sufficiently Philanga....thropic
#2078 Posted : Thursday, March 05, 2020 9:22:52 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,088
Location: Sundowner,Amboseli

USDKES bulls in charge. Currently at 103.05. Interesting that foreigners have been net sellers over the past week at the NSE.
Markets
VituVingiSana
#2079 Posted : Thursday, March 05, 2020 9:29:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Sufficiently Philanga....thropic wrote:

USDKES bulls in charge. Currently at 103.05. Interesting that foreigners have been net sellers over the past week at the NSE.
Exporters eg WTK, Kakuzi and KTC will benefit but importers will be hurt.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#2080 Posted : Thursday, March 05, 2020 10:06:30 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,034
Location: nairobi
How long can this correction last? iam thinking hard.
"Don't let the fear of losing be greater than the excitement of winning."
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