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qw25041985
#241 Posted : Friday, September 17, 2010 3:28:24 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ hisah . Lol. What is the panic for. Goldman sachs just raised the price forecast for white sugar and i expect speculators to flood mumias accordingly .
More so 12.00 is a very strong support and has bn testd and provd to be so.
I wait for the rally in a relaxd posture w/ a tooth pick in my mouth and druming the table w/ my fingers. Hehe. Come monday well get a clear pic . And more so mumias is over sold right now .
Your future depends on your dreams so go to sleep !
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the deal
#242 Posted : Friday, September 17, 2010 3:56:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@qw are u a sugar trader?
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hisah
#243 Posted : Friday, September 17, 2010 6:58:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
qw25041985 wrote:
@ hisah . Lol. What is the panic for. Goldman sachs just raised the price forecast for white sugar and i expect speculators to flood mumias accordingly .
More so 12.00 is a very strong support and has bn testd and provd to be so.
I wait for the rally in a relaxd posture w/ a tooth pick in my mouth and druming the table w/ my fingers. Hehe. Come monday well get a clear pic . And more so mumias is over sold right now .


A broken yearly uptrend channel is not a very nice sign. And no, I'm not in a panic, I'm just stating what the indicators are saying. So until 13.50 is reclaimed and held, I'm neutral on this. Also if the retest of 12/- is not successfully depended like KQ's 45/- or Unga's 11.50/- or CFC's 40/- support levels, don't count it as a strong support yet. I hope this makes it more clear.
Have you seen the global market reversal today with huge sell volume esp on the S&P and FTSE today? Smart money is back, but on the sell side. On ugly Friday reversal. If it closes like this next week is a selling week and with such volumes coming in, the bear trend still stands. Also Ireland banking union has called an emergency meeting as of this hour. On Thursday Credit-Default Swaps for Ireland rose to a record 425 basis pts up from 387 on Thurs meaning that it now costs EU425,000/yr to insure 10M of bonds. Very tense this money system and stock markets cannot justify a bull in this state of affairs.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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PKoli
#244 Posted : Saturday, September 18, 2010 4:25:40 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
qw25041985 wrote:
@ hisah . Lol. What is the panic for. Goldman sachs just raised the price forecast for white sugar and i expect speculators to flood mumias accordingly .
More so 12.00 is a very strong support and has bn testd and provd to be so.
I wait for the rally in a relaxd posture w/ a tooth pick in my mouth and druming the table w/ my fingers. Hehe. Come monday well get a clear pic . And more so mumias is over sold right now .


I am tempted to buy into this sugar company. Anywhere below 12 looks enticing to me
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ProverB
#245 Posted : Monday, September 20, 2010 6:11:32 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
hisah wrote:
ProverB wrote:
GoodNeSS Me!!! QW did not offload at 13?? Oh My!

..si i thought according to T.A..for a short term trader when a 5day MACD cuts downward the 20 day MACD unashuka the counter?


True. Plus a host of other indicators confirming the negative direction. This is why I stated if 13.50 is not regained, downside risks persist. And that point appears on the year chart trend line, which makes the short term (3 - 6mths) downward trending with short term support at 12/-. But since it's been broken recently, another break is likely.


You guys just complicate stuff!! Host of biggest share holders cannot even spell NSE right yet they make more money than i do with fancy analysis!
Crap!
..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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guru267
#246 Posted : Monday, September 20, 2010 6:14:55 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
ProverB wrote:
hisah wrote:
ProverB wrote:
GoodNeSS Me!!! QW did not offload at 13?? Oh My!

..si i thought according to T.A..for a short term trader when a 5day MACD cuts downward the 20 day MACD unashuka the counter?


True. Plus a host of other indicators confirming the negative direction. This is why I stated if 13.50 is not regained, downside risks persist. And that point appears on the year chart trend line, which makes the short term (3 - 6mths) downward trending with short term support at 12/-. But since it's been broken recently, another break is likely.


You guys just complicate stuff!! Host of biggest share holders cannot even spell NSE right yet they make more money than i do with fancy analysis!
Crap!

@proverb proper T.A backed by fundamentals is extremely useful in trading stocks...
Mark 12:29
Deuteronomy 4:16
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Njung'e
#247 Posted : Monday, September 20, 2010 6:27:05 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Sad
Nothing great was ever achieved without enthusiasm.
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  | | Edit by user: Monday, September 20, 2010 6:30 PM | Reason: Not specified
Njung'e
#248 Posted : Friday, September 24, 2010 2:49:37 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
11.75 .....Brick wall Brick wall

11 next week?Pray

where is "Global sijui nini nyef nyef"Laughing out loudly
Nothing great was ever achieved without enthusiasm.
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  | | Edit by user: Friday, September 24, 2010 2:53 PM | Reason: Not specified
Gordon Gekko
#249 Posted : Friday, September 24, 2010 2:52:37 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
My biggest chunk - 12.85 Sad Sad Sad
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PKoli
#250 Posted : Monday, September 27, 2010 8:58:49 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
the deal wrote:
Management in denial Comesa is 2012 and they dont say when TARDA is starting...Cogeneration...KPLC is screwing them up...going foward the 1H results wont be as good as the last one...will we get MSC cheap...YES...


Maybe the performance of Sugar production in Brazil could come to the aid of MSC, thanks to the La Nina weather phenomenon. Brazil is experiencing one of the worst grought in a decade, see http://www.bloomberg.com/news/2010-09-24.
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