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How to tell NSE has bottomed out
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Cde Monomotapa
#381 Posted : Saturday, August 20, 2011 9:02:29 AM
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Joined: 1/13/2011
Posts: 5,964
MSC Sad
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youcan'tstopusnow
#382 Posted : Saturday, August 20, 2011 10:26:47 AM
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Joined: 3/24/2010
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Location: Black Africa
Cde Monomotapa wrote:
MSC Sad

Those full year numbers should be interesting. Hadn't even noticed that it had hit 6.10. Sub 6 anyone?
GOD BLESS YOUR LIFE
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hisah
#383 Posted : Saturday, August 20, 2011 10:28:53 AM
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Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah, I never heard you talk of how the charts are lookingfor the following stocks: KCB, CENTUM, MUMIAS, SASINI

I'll look at them. For now I was concentrating on the index. I had stated that if the index bounces towards the end of this month people will be shocked with the rally of Britak shares on listing?! That Friday Sept 2nd will be a big up day on the index. This is already starting playing out as per this Friday's close which is higher than last Friday. Next Friday is 26th (build up) then Sept 2nd (push). If that push is above 3700 the momentum will aim for 3850 - 3900 for some weeks to reset the excess selling. But serious buy volumes (e.g. NSSF funds) will required to push thru 4000. The huge brakes is Europe's default surprises... If controlled well, foreigners will troop back to NSE.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#384 Posted : Saturday, August 20, 2011 10:31:44 AM
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Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
MSC Sad

Those full year numbers should be interesting. Hadn't even noticed that it had hit 6.10. Sub 6 anyone?

We need the services of @njunge for this sugarcane stock...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25071985
#385 Posted : Saturday, August 20, 2011 12:25:35 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
hisah wrote:
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
MSC Sad

Those full year numbers should be interesting. Hadn't even noticed that it had hit 6.10. Sub 6 anyone?

We need the services of @njunge for this sugarcane stock...


a fall to three bob shld be in order. Nkt. This one heck of a difficult stock. I ever regret buying.
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hisah
#386 Posted : Saturday, August 20, 2011 4:41:42 PM
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Joined: 8/4/2010
Posts: 8,977
hisah wrote:
youcan'tstopusnow wrote:
hisah, I never heard you talk of how the charts are lookingfor the following stocks: KCB, CENTUM, MUMIAS, SASINI

I'll look at them. For now I was concentrating on the index. I had stated that if the index bounces towards the end of this month people will be shocked with the rally of Britak shares on listing?! That Friday Sept 2nd will be a big up day on the index. This is already starting playing out as per this Friday's close which is higher than last Friday. Next Friday is 26th (build up) then Sept 2nd (push). If that push is above 3700 the momentum will aim for 3850 - 3900 for some weeks to reset the excess selling. But serious buy volumes (e.g. NSSF funds) will required to push thru 4000. The huge brakes is Europe's default surprises... If controlled well, foreigners will troop back to NSE.


@youcant - this is what I see at the moment based on 5yr chart analysis.

KCB - Testing the uptrend line since March 2009. A break below and close below 19.50 will mean an end to the uptrend and aim for 18 as the first support before settling at 16.50.

MSC - No longer in an uptrend still testing layers of support levels. Support zone is 5.50 - 6.00. Below this is back to 2009 March lows at 3.60. There was a lot of churn volume between May 2010 and Aug 2010 and since then the uptrend has broken down. That volume was exit volume. This one will take time to turn around.

Centum - high volume churn on 27/7/2011. 17.80 tested and bounced, but the structure is bearish and 21 is now resistance. Should settle at 16/- in coming months.

Sasini - Uptrend since March 2009 lows broken down in March 2011. Tested underside of uptrend and rallied above in May 2011, but failed to maintain above uptrend and now below again since July 2011. It looks like it wants to attempt another upthrust above the trend line now at 11.30. A test and failure to go above it just like in May 2011 will see it fall to 8.50. The next support comes in at 6.80 - 7.10 levels. From the look of things this is the likely out come - 7bob in coming months.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25071985
#387 Posted : Saturday, August 20, 2011 5:02:10 PM
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Joined: 3/25/2011
Posts: 946
Last week we saw huge buy interest from mzungu towards banks.
My thinkin is that when they come from their summer vacation and thus nse gets its life back i see them buying up banking stocks.
I keep saying again and again this inflation,drough etc has already bn backed in the price and this stocks CANNOT SELLOFF again. Also supporting my theory we have bottomd, lol.
I read somebody in this forum waiting for the index at 3k mark. Oh boy ! That's wat dreams are made of.
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youcan'tstopusnow
#388 Posted : Saturday, August 20, 2011 6:32:42 PM
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Joined: 3/24/2010
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Location: Black Africa
hisah, as always, top notch analysis. Thanks a lot.
GOD BLESS YOUR LIFE
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Mainat
#389 Posted : Saturday, August 20, 2011 6:51:09 PM
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Joined: 11/21/2006
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QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)
Sehemu ndio nyumba
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QW25071985
#390 Posted : Saturday, August 20, 2011 9:11:46 PM
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Joined: 3/25/2011
Posts: 946
Mainat wrote:
QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)


i say nothing my friend ....... I say nothing. I am married to mr.market and guess what we talk abt as we sit on our matrimony bed in the bed room, how he wount allow the index to fall past 3k mark even if market players become irrational beyond comprehension.
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lovely2010
#391 Posted : Saturday, August 20, 2011 11:54:10 PM
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Joined: 10/25/2010
Posts: 519
Location: nairobi
QW25071985 wrote:
Mainat wrote:
QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)


i say nothing my friend ....... I say nothing. I am married to mr.market and guess what we talk abt as we sit on our matrimony bed in the bed room, how he wount allow the index to fall past 3k mark even if market players become irrational beyond comprehension.


My God, where is youcant? QW a woman? All this time I have been having crashes on a woman...!!! Dont believe this...on second thought, are you gay?
youcant or cde or aguytrying uwanja ni wenu...no more threats...
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youcan'tstopusnow
#392 Posted : Sunday, August 21, 2011 12:10:03 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
QW25071985 wrote:

i say nothing my friend ....... I say nothing. I am married to mr.market and guess what we talk abt as we sit on our matrimony bed in the bed room

She's been lying to you as you've not been hitting it good...
GOD BLESS YOUR LIFE
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Muthawamunene
#393 Posted : Sunday, August 21, 2011 8:13:52 PM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
lovely2010 wrote:
QW25071985 wrote:
Mainat wrote:
QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)


i say nothing my friend ....... I say nothing. I am married to mr.market and guess what we talk abt as we sit on our matrimony bed in the bed room, how he wount allow the index to fall past 3k mark even if market players become irrational beyond comprehension.


My God, where is youcant? QW a woman? All this time I have been having crashes on a woman...!!! Dont believe this...on second thought, are you gay?
youcant or cde or aguytrying uwanja ni wenu...no more threats...

ngoja!!!! qw is a chic?? for real??? as in you dnt have a second head in ur pants???? all ths tym i thot u wea some dude named erick???
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hisah
#394 Posted : Sunday, August 21, 2011 8:30:42 PM
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Joined: 8/4/2010
Posts: 8,977
Quite interesting... http://www.businessdaily...4/-/trqj7mz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25071985
#395 Posted : Sunday, August 21, 2011 8:43:36 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Muthawamunene wrote:
lovely2010 wrote:
QW25071985 wrote:
Mainat wrote:
QW- Ksh1000 says we indulge below 3000. What say you? We'll give to Hisah (to stick into a GoK bill)


i say nothing my friend ....... I say nothing. I am married to mr.market and guess what we talk abt as we sit on our matrimony bed in the bed room, how he wount allow the index to fall past 3k mark even if market players become irrational beyond comprehension.


My God, where is youcant? QW a woman? All this time I have been having crashes on a woman...!!! Dont believe this...on second thought, are you gay?
youcant or cde or aguytrying uwanja ni wenu...no more threats...

ngoja!!!! qw is a chic?? for real??? as in you dnt have a second head in ur pants???? all ths tym i thot u wea some dude named erick???


nkt. Am a GUY for crying out loud. Ever seen a chic w/ so much swag like me. Lol. I was just using the term married to MR.market to illustrate my point.
I dnt know where @ycnt's head was thinking i was a chic.
Pleeeeeeese if i was a chic that wld make @guru a lele a.k.a lesbian . Hahahaha.
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erifloss
#396 Posted : Sunday, August 21, 2011 8:44:17 PM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
[quote=hisah]Quite interesting... http://www.businessdaily.../-/trqj7mz/-/index.html[/quote]
It has always happened. Merali is the best example. Look at most of the boards & you'll always find a similarity & the same old names. A large number of the old of this lot were either former parastatal chiefs, PS's & or politicians. Mauritius is a haven for most, they mostly use GBL 2 companies.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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hisah
#397 Posted : Sunday, August 21, 2011 10:32:00 PM
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Joined: 8/4/2010
Posts: 8,977
erifloss wrote:
[quote=hisah]Quite interesting... http://www.businessdaily.../-/trqj7mz/-/index.html[/quote]
It has always happened. Merali is the best example. Look at most of the boards & you'll always find a similarity & the same old names. A large number of the old of this lot were either former parastatal chiefs, PS's & or politicians. Mauritius is a haven for most, they mostly use GBL 2 companies.

I know this, got trapped in Uchumi when it went bust due to some 'directors'... It's such a shame that these goons are offered protection just like the sneaky brokers who sell their clients shares. But what is the difference with our cases to what happened in US & Europe with bogus subprime investments?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#398 Posted : Sunday, August 21, 2011 11:01:30 PM
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Joined: 3/24/2010
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Location: Black Africa
lovely, Laughing out loudlyLaughing out loudlyLaughing out loudly umenimaliza leo.
GOD BLESS YOUR LIFE
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Aguytrying
#399 Posted : Monday, August 22, 2011 7:35:58 AM
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Joined: 7/11/2010
Posts: 5,040
@lovely. Now that the crush is over. Im mi ready fi do da work.
The investor's chief problem - and even his worst enemy - is likely to be himself
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lovely2010
#400 Posted : Monday, August 22, 2011 9:26:28 AM
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Joined: 10/25/2010
Posts: 519
Location: nairobi
Aguytrying wrote:
@lovely. Now that the crush is over. Im mi ready fi do da work.


ur definately included on my list...
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