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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Muthawamunene wrote:the fed'z promise of low interest rates till 2013 seems to have calmed the chaps uko majuu. dow n s&p on the green. will our dear nse follow suit? (for my n many other's selfish reasons, i hope not) Calm before the storm 
Meanwhile DTK picked at @98/- and Neveready @1.80/-
By the time the storm passes, paka will be @50cts or suspended.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NMG @149.50, JBL @166, DTK @100, TPS @55 - The Agakhan stocks are now getting clobbered... SCB @209.40 and BBK @13.80 - Is it due to the UK riots... Update -> Uchumi @8.55 - Still waiting for this stock to hit 5/- One of my best lessons since I got trapped during the bankruptcy! Taught me to be very careful with management teams. AK is having similar strains at the board. Exited @14.20 at re-listing. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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hisah wrote:NMG @149.50, JBL @166, DTK @100, TPS @55 - The Agakhan stocks are now getting clobbered...
SCB @209.40 and BBK @13.80 - Is it due to the UK riots... No one is spared,meanwhile despite the breather in US and Asia, our own NSE falls further to 3512.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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cnn wrote:hisah wrote:NMG @149.50, JBL @166, DTK @100, TPS @55 - The Agakhan stocks are now getting clobbered...
SCB @209.40 and BBK @13.80 - Is it due to the UK riots... No one is spared,meanwhile despite the breather in US and Asia, our own NSE falls further to 3512. 3500 will give way. This slide is not a joke!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Okay my money goes back to the bank. No buying Looks like we will have another round of selling but on mild volume.
Either way lower prices are always a welcome.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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hisah wrote:NMG @149.50, JBL @166, DTK @100, TPS @55 - The Agakhan stocks are now getting clobbered...
SCB @209.40 and BBK @13.80 - Is it due to the UK riots...
Update -> Uchumi @8.55 - Still waiting for this stock to hit 5/- One of my best lessons since I got trapped during the bankruptcy! Taught me to be very careful with management teams. AK is having similar strains at the board. Exited @14.20 at re-listing. i also like uchumi.am looking at it. I hope the september pev trials will scare guys to sell more
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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hisah wrote:Muthawamunene wrote:the fed'z promise of low interest rates till 2013 seems to have calmed the chaps uko majuu. dow n s&p on the green. will our dear nse follow suit? (for my n many other's selfish reasons, i hope not) Calm before the storm
Meanwhile DTK picked at @98/- and Neveready @1.80/-
By the time the storm passes, paka will be @50cts or suspended.
LMAO! Eveready at 1.80/= Nikubaya na bado
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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@hisah, really how did you get caught up in the uchumi bankruptcy?
i'm on a massive buy right now on this stock and i have decided to stock up on agric stocks sasini as the slide continues i'm moving from the money market to stocks, when the rebound comes i move back to the money market
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Judging from the financial perfomance of the Industrial companies then a retailer like Uchumi will do wonders.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Cde Monomotapa wrote:Judging from the financial perfomance of the Industrial companies then a retailer like Uchumi will do wonders. wow. I never knew u were a fan of uchumi. Lol. Wait for the stock at 5.00 .wanjiku is still selling.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Things are thick. Centum, BBK. and others. OMG. Starting to get greedy over kplc. Could the bluechips be leading a recovery. eabl and kplc tops gainers, or is it just a knee jerk reaction, before the real pain begins? @hisah. If 3500 is breached, how is the trend likely to behave. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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on the contrary, easing selling pressure indicates a rebound on the horrizon. Relief rally or not, stocks will pick up in the short run (read as of friday or nxt week). too many varriables are in the medium and long run, so siongei. My bet is on a slow buy.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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QW25071985 wrote:Cde Monomotapa wrote:Judging from the financial perfomance of the Industrial companies then a retailer like Uchumi will do wonders. wow. I never knew u were a fan of uchumi. Lol. Wait for the stock at 5.00 .wanjiku is still selling. Alas! I'm on record as being in, though yet to fully commit till after FY. But @ 5 i won't even blink. Head 1st!
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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We have seen how deep u.s markets have fallen today at opening. Tomorrow 11th its gonna be another blood bath at n.s.e .
All my fav stocks are at major support.am praying they break down.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mkonomtupu wrote:@hisah, really how did you get caught up in the uchumi bankruptcy?
i'm on a massive buy right now on this stock and i have decided to stock up on agric stocks sasini as the slide continues i'm moving from the money market to stocks, when the rebound comes i move back to the money market In 2005 - 2006 the bull was a rhino, remember... Even paka got above 30...!? Then uchumi went kaboom! During a rhino bull charge investors/traders become irrational... Before wanjikus knew what was happening in 2007 corrupt brokers torpedoed too...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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QW25071985 wrote:We have seen how deep u.s markets have fallen today at opening. Tomorrow 11th its gonna be another blood bath at n.s.e .
All my fav stocks are at major support.am praying they break down.
"Memories are fresh. People who during the last financial crisis did not sell right away, next time around are ready to sell quick and ask questions later. People are seeing this as 'next time,'"
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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How low can a share sink? I am seeing a situation where counters like everedy will have bigger leaps in percentile (either way) because the least quatable unit is the multiples of 5cents i.e 0.05 shillings 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: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Calm before the storm
Meanwhile DTK picked at @98/- and Neveready @1.80/-
By the time the storm passes, paka will be @50cts or suspended.[/quote] LOL... Paka? You are a gambler! 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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Aguytrying wrote:Things are thick. Centum, BBK. and others. OMG. Starting to get greedy over kplc. Could the bluechips be leading a recovery. eabl and kplc tops gainers, or is it just a knee jerk reaction, before the real pain begins?
@hisah. If 3500 is breached, how is the trend likely to behave. You cannot call a bottom in panic central. Just stand aside and watch.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VituVingiSana wrote:Calm before the storm
Meanwhile DTK picked at @98/- and Neveready @1.80/-
By the time the storm passes, paka will be @50cts or suspended. LOL... Paka? You are a gambler![/quote] You misunderstood my statement. I meant some trade was picked @1.80 for paka and 98 for DTK. I have already stated that once that 3600 got broken with a thud, I cancelled all the suggested fast trades.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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