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How to tell NSE has bottomed out
Rank: Veteran Joined: 3/25/2011 Posts: 946
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lovely2010 wrote:Aguytrying wrote:@lovely. Now that the crush is over. Im mi ready fi do da work. ur definately included on my list... this @lovely is turning out to be the Queen of Wazua. Every guy hiting on her, lol . Nita fungua hapa vct center pretty soonest. Hahaha
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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QW25071985 wrote:lovely2010 wrote:Aguytrying wrote:@lovely. Now that the crush is over. Im mi ready fi do da work. ur definately included on my list... this @lovely is turning out to be the Queen of Wazua. Every guy hiting on her, lol . Nita fungua hapa vct center pretty soonest. Hahaha Im worth fighting for trust me...
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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hisah wrote: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? The difference is that we've got no protection mechanism. In the states some of the bastards get life sentences & the investor protection mechanisms are better. Hope Gatabaki will inject a fresh drive at CMA coz he still has some scores to settle with the same lot after HF's boardroom fiasco that got him out. '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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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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ecstacy wrote:[quote=murenj]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...l-idUKL5E7JG0QL20110816[/quote] [---NSE Red---] The flight to safety continues...we've not even factored the upcoming ICC impact on counters...patiently waiting out the NSE counters...foreigners rule this market... http://www.goldalert.com...s-fresh-record-of-1894/
http://uk.reuters.com/ar...l-idUKTRE77L0DS20110822
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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i thought icc, o-6 had already been factored in. Another selloff wount make sense.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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QW25071985 wrote:i thought icc, o-6 had already been factored in. Another selloff wount make sense. The evidence released on Friday by Mr Luis Moreno Ocampo alleging the involvement of State House Nairobi & the military has caught the defense teams flat footed days to the confirmation hearings. Statehouse reaction was as angry as uncertain. With opinion polls showing Uhuru gaining support and a substantial decline in support for the ICC process, December may just be a game changer in Kenyan politics...either way...
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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NSE sheds 35.67 points to settle at 3510.65 points. Another loss at the NSE tomorrow and we will be below 3,500 points, where we've been out of since Jan 18th 2010!19 months gains look all set to be wiped out! @Hisah, what say you? @SufficientlyP
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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In one session the NSE20 has lost everything it has gained over the past 8 days...prepare your portfolio's for more losses....this is the time fo play around with corporate bonds.
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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I see 3200 by November ceteris paribus. Seeing how the ruling elite are playing around with constitution implementation, i foresee a cleverly forced presidency. '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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Rank: Member Joined: 4/14/2011 Posts: 639
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Wait until you see kcb/equity@15,Msc@3,safcom@2. before you jump in guys.The dive is not yet over.Happy waiting
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:NSE sheds 35.67 points to settle at 3510.65 points.
Another loss at the NSE tomorrow and we will be below 3,500 points, where we've been out of since Jan 18th 2010!19 months gains look all set to be wiped out!
@Hisah, what say you? By Friday we will know if last week's bounce had legs or not. I noticed a lot of counters did not trade today.
Seems like Ocampo has spooked the top brass 9 days before the hearing start on Sept 1st. This can easily create uneven reaction as @erifloss puts it. In Europe things are still foggy and with the forex markets being almost stationary, that is not a good sign for risk appetite.
Anyhow, the lower the market, the better the fat-tail  $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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Volume ! Volume ! Volume ! Volume ! Volume !
The key word here is volume. What i expect is to see a ranging type of movement as opposed to another round of selling .
Some counters didnt even trade !!!!!!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Here is one hell of an interesting article A lot of Kenyan companies are facing the possibility of seeing their finance costs escalate as interest rates surge, the Central Bank of Kenya (CBK) has been on tightening spree off late as it seeks to reign into the runway inflation which surpassed 15% last month on the back of the dwindling Shilling Read More here http://www.contrarianinv...nterest-rates-surge.html
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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QW25071985 wrote:Volume ! Volume ! Volume ! Volume ! Volume !
The key word here is volume. What i expect is to see a ranging type of movement as opposed to another round of selling .
Some counters didnt even trade !!!!!!!
A disclaimer here is if you wake up to Europe debt bombs aka defaults, it'll be a sellout market even at these oversold levels... Keep an eye on that more than Ocampo.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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We shout ourselves hoarse, Justice! Justice! Justice! Now that it's nigh...U wan go susu in pant  Kenyans...or is it human nature?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I have been saying watch out for the 3500 mark...*red Lights flashing*
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:I have been saying watch out for the 3500 mark...*red Lights flashing* Have a look at the number of counters (esp bluechips) with oversold monthly RSI similar to NSE. These will bounce hard once the rebound picks. I'll stick to 2 counters (bluechip) only.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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How many bluechips do we have in the nse. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 4/14/2011 Posts: 639
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mlennyma wrote:How many bluechips do we have in the nse. A better question wud be which are the blue chip companies in the nse?me thinks NMG,EABL,BAT,KPLC,KCB any others?
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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I guess things arent that bad in the banking sector...Phew! thats a relief !!! http://www.bloomberg.com...through-end-of-june.html
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