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How to tell NSE has bottomed out
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:
At the levels of 7.9 as you mentioned gives a dividend yield of somewhere at 15% for 2011... THATS INSANE!!!
Hebu tell him.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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At 7 bob is a no. Thats just impossible
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Rank: Member Joined: 7/22/2008 Posts: 851 Location: nairobi
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there are signs that the good counters are being moped up.........but lets wait for the next round of bad news.......
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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murenj wrote:there are signs that the good counters are being moped up.........but lets wait for the next round of bad news....... indeed i am also waiting for q3 figs especially for banks. If prices hold, it will reaffirm my theory that we have bottomd.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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murenj wrote:there are signs that the good counters are being moped up.........but lets wait for the next round of bad news....... http://uk.reuters.com/ar...al-idUKL5E7JG0QL20110816
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:guru267 wrote:
At the levels of 7.9 as you mentioned gives a dividend yield of somewhere at 15% for 2011... THATS INSANE!!!
Hebu tell him. Charts don't lie as well as volume 
Equity is @20, remember... And many more hints
During downtrends Mr. Market listens to buyers and not sellers.
@guru - would you prefer to buy at 9/- or at 7/-
$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 if the charts are pointing to sub 7.00 i know better not to argue with the charts.
Lets wait and see.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@hisah what charts are you looking at to suggest a sub 8 price? Just look at the volumes before book closure...supply that has kept us below 12 bob is being mopped up fast...if you follow KK you will know that 10 bob is its long term resistance...i expect that to be the new support...thus I dont expect price to dip below 10 bob anytime soon maybe next year...
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Rank: Member Joined: 7/22/2008 Posts: 851 Location: nairobi
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TLC@ 38.50. ARE WE DONE YET?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:@hisah what charts are you looking at to suggest a sub 8 price? Just look at the volumes before book closure...supply that has kept us below 12 bob is being mopped up fast...if you follow KK you will know that 10 bob is its long term resistance...i expect that to be the new support...thus I dont expect price to dip below 10 bob anytime soon maybe next year... Use the 3yr or 5yr chart. Have you noticed the double top at 11.50 - 12.00 level? You can see the double top on bamburi too where 200 - 210 has become a stiff level to break as well as EABL with 210 - 220.
From the 5yr chart there is no support for 10s only 9.50 and 9. Why I dismiss 8s zone is the price has always rallied thru it thus on the way down there will be no support unless around 8.30, which is very weak. From 7.50 - 7.90 we have better support going back to 2008 which coincidentally had the highest volume churn. Below this the next level is 6!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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