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How to tell NSE has bottomed out
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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The NSE has moved up a notch today - NSE 20 Index Up 20.72 points to close at 3777.41. All Share Index Up 0.17 points to close at 85.57.
That is of course still nothing to get excited about since the overall trend seems rather tepid.
That notwithstanding, there are still chances to trade this market. Of the counters that I bought into last week, I have now exited Cables and divested of most of my Coop. I made about 10% net on Cables and a net of 40 cts per share on Coop. I am still holding onto Equity (awaiting results on Monday), KenGen & NIC.
I am currently underwater on NIC and Equity but I hope next week brings good tidings. KenGen is moving along fine.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Watch our NSE Index, figure today, 3777, and the date, and note it down. Could very well be our lowest in months. I could be wrong! I'm reminded of Sept 15th 2008, a BLACK MONDAY, where stocks fell by 777 points, pushing the Dow below the psychological barrier of 11,000 points following LB filing for bankruptcy and BoA and AIG staring at the same! @SufficientlyP
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Sufficiently Philanga....thropic wrote:Watch our NSE Index, figure today, 3777, and the date, and note it down. Could very well be our lowest in months. I could be wrong!
I'm reminded of Sept 15th 2008, a BLACK MONDAY, where stocks fell by 777 points, pushing the Dow below the psychological barrier of 11,000 points following LB filing for bankruptcy and BoA and AIG staring at the same! Superstitions... 
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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@deal ha ha ha, i'm sure u'd love to see the NSE stage a u turn! By the way, i like your good job, breaking down the numbers and laying them bare for us. Hope the NSSF billions pulls the market out of slumberland! @SufficientlyP
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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mwanahisa wrote:The NSE has moved up a notch today - NSE 20 Index Up 20.72 points to close at 3777.41. All Share Index Up 0.17 points to close at 85.57.
That is of course still nothing to get excited about since the overall trend seems rather tepid.
That notwithstanding, there are still chances to trade this market. Of the counters that I bought into last week, I have now exited Cables and divested of most of my Coop. I made about 10% net on Cables and a net of 40 cts per share on Coop. I am still holding onto Equity (awaiting results on Monday), KenGen & NIC.
I am currently underwater on NIC and Equity but I hope next week brings good tidings. KenGen is moving along fine.
just reading you post, you wouldd think the bear has gone..Mambo bado though i have filling the next slump is goin to be the last before speculators/shrewd investors step in to push the price. personally i have seen some very strong stocks that have shown their true colours in hot water.Those are the ones to buy the likes of safcom,k.c.b. etal. OHHHH and ofcourse my darling stock A.K !!!!!!!!!!!!! heheh.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Sufficiently Philanga....thropic wrote:Watch our NSE Index, figure today, 3777, and the date, and note it down. Could very well be our lowest in months. I could be wrong!
I'm reminded of Sept 15th 2008, a BLACK MONDAY, where stocks fell by 777 points, pushing the Dow below the psychological barrier of 11,000 points following LB filing for bankruptcy and BoA and AIG staring at the same! i totally agree with your view. this bear will be leaving us soon.... when are the general elections being held bytheway . any official statement
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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And safcom trades 98 million shares. I am pretty scared because i dont know what to expect. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Sober wrote:And safcom trades 98 million shares. I am pretty scared because i dont know what to expect. This is one hell of a long bear my friend 
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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the deal wrote:Sober wrote:And safcom trades 98 million shares. I am pretty scared because i dont know what to expect. This is one hell of a long bear my friend Now where did all those trades come from in this bearish market. I‘d wish to get the exact number of deals and the numbers involved. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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