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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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DTK - Bid placed @101/- Am I seeing right... This thing has fallen thru 125, 115 and now solid support @110. Below 100/- is on the cards. No need to look for a floor here... Oversold, but the fall is solid! Safcom supply 35x... Yikes! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Is DTBK ex-div or bonus? I am waiting for 2Q Results coz huge Bond Trading gains last year... Overall, very well managed firm... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE closes @3643 down 78 points (2.09%). I still keep my call that if this thing slides below 3600, all the fast trade setups are off the table. I had expected it to bounce at 3680. Big losers today were Unga (9.41%), NIC (8.67%), REA (8%) and Olympia (7.06%). I had put NIC on my buy list, but the breakdown from 37s to the 34s is just crazy... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Posted : Wednesday, July 13, 2011 7:06:59 PM youcan'tstopusnow wrote:hisah wrote:youcan'tstopusnow wrote:But market is still going down no matter how much ANYONE makes Yes, coz Mr. Market is being distracted by interest rate hikes and a bullish inflation period. Therefore he can't see profits or strong performance at this time. In the meantime the buyers have Mr. Market's ear... hisah wrote:youcan'tstopusnow wrote:Sober, this fall is just a breeze, gale bado... 3600 then 3000. Still scouting for bluechips to buy esp at pain central when 3000 handle is hit. High interest rate & inflation have made 4400 a distant barrier. 3000 will come when the elephant aka scom trades at 3/- or below & equity below 20. Then it will be a proper bias sell market for the buyers  Does more need to be said? Walio na maskio... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah, that drop today was just HUGE! GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:hisah, that drop today was just HUGE! I dont think so?! After seeing the Euro & US markets tank more than 5%, and today Asia playing copycat, dont be shocked to see NSE 3 - 4% down today!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I cant believe how low the n.s.e is going. And the prices i am seeing. And i am thinking. What if this is it? What if this is the lowest they will go? Surely they cant go any lower, can they? I am afraid of the answer. It was expected, so lets brace ourselves. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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My usually resilient portfolio has taken a hit. Damn!
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Rank: Member Joined: 7/12/2011 Posts: 194
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Aguytrying wrote:I cant believe how low the n.s.e is going. And the prices i am seeing. And i am thinking. What if this is it? What if this is the lowest they will go? Surely they cant go any lower, can they? I am afraid of the answer. It was expected, so lets brace ourselves. Unlikely now that the market will end up higher for the full yer
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Rank: Member Joined: 7/5/2008 Posts: 390
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The Merchant wrote:My usually resilient portfolio has taken a hit. Damn! the Lion?
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Rank: Member Joined: 7/12/2011 Posts: 194
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Blessed are those who sold, for the kingdom of...
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Rank: Member Joined: 7/12/2011 Posts: 194
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Damn defensive stocks, you need illiquid stocks in this market. Look at the Alternative Investment Market Segment
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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[quote=the deal]Egypt suspends trading after shares slump by 5% http://af.reuters.com/ar...s/idAFJOE77805L20110809[/quote] Will Peter Mwangi do the same if Market goes down 5%? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Is DTBK ex-div or bonus?
I am waiting for 2Q Results coz huge Bond Trading gains last year...
Overall, very well managed firm... Its ex all.. The 20% profit growth is superb considering that the bond trading income is non existent this year!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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kenyainvestor wrote:Blessed are those who sold, for the kingdom of... 
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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KQ at 30/= now i think NSE needs to go mathari mental
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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Muthawamunene wrote:kenyainvestor wrote:Blessed are those who sold, for the kingdom of... The market has literaly crashed, say bei ya jioni, whoever has cash can buy at his/her price. It's a buyers market. What can you say when; equity is @ 20, kcb @ 20, hfck @ 17, kplc @ 16 etal? Democracy does not belong to the dead
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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The Aga Khan firms are weathering this storm better than others.. Probably due to their earnings quality!! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I have never contributed to this thread bcoz its impossible to know when its safe .... just last week i thought it will be impossible to get Equity kcb HFCK below 20/= now I think it possible even to get them below 15/=. Welcome to the other side of irrational exuberance. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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How to tell NSE has bottomed out
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