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How to tell NSE has bottomed out
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youcan'tstopusnow
#481 Posted : Friday, August 26, 2011 3:01:34 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah, seems mystocks.co.ke is back up.
Still no Twitter updates for NSE.
Activelite still malfunctioning
Funny how all 3 went down at the same time. More than meets the eye?
GOD BLESS YOUR LIFE
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Kirika
#482 Posted : Friday, August 26, 2011 3:38:09 PM
Rank: Member


Joined: 1/26/2011
Posts: 211
Location: Nairobi

The haemorrage may get worse before normalcy returns.

But greed aside i'm a buyer for Jubilee at Ksh 150 regardless of the bear run....
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youcan'tstopusnow
#483 Posted : Friday, August 26, 2011 3:48:20 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Naikuni says that KQ not yet decided on whether they will go for a bond or do a rights.
That will do nothing good for the share.
Bdafrica though indicated that govt. had already set money aside to take up its rights.
Why all the secrecy?
GOD BLESS YOUR LIFE
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underweight
#484 Posted : Friday, August 26, 2011 4:55:59 PM
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Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
@ YCSUN was just going thru the graph and noticed that we are far from bottoming out especially if you look at the historical low of some companies. Some are already there while other are tending to approach their rock bottom prices. I believe the fate of hague will act as a catalyst.
"A bad decision made now is beta that a good one made later!!"
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QW25071985
#485 Posted : Friday, August 26, 2011 5:13:02 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
underweight wrote:
@ YCSUN was just going thru the graph and noticed that we are far from bottoming out especially if you look at the historical low of some companies. Some are already there while other are tending to approach their rock bottom prices. I believe the fate of hague will act as a catalyst.


i know for sure KenGen will be testing its historical low at 9.60 its currently falling like a rock . nt.nkt.nkt.nkt
as for safcom its making me laugh with every drop it does , lol
me thinks these stocks are racing to the bottom to see who will reach there fast ..
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slykat
#486 Posted : Friday, August 26, 2011 5:35:37 PM
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Joined: 2/20/2007
Posts: 359
I am guessing that confirmation of charges for Ocampo-6 in the next 3 months will see foreigners pulling out crying heightened political risk. Not to return soon due to election issues. I am looking at Dec and early January as the rock-bottom entry period. I may be wrong.
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underweight
#487 Posted : Friday, August 26, 2011 5:36:08 PM
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Location: For now El-Fashier - Darfur
@QW25071985 if you are still holding to KENGEN then you have a strong heart. Just let it go and buy it cheaper. For safaricom I have adjusted my target price to 2.75 less dividend it will be like buying at 2.55 which is its historical low. I just love this. When will centum, Equity and KeyCiMbi go below Kshs 15??? I'll take a loan for that?
"A bad decision made now is beta that a good one made later!!"
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QW25071985
#488 Posted : Friday, August 26, 2011 5:54:30 PM
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Joined: 3/25/2011
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slykat wrote:
I am guessing that confirmation of charges for Ocampo-6 in the next 3 months will see foreigners pulling out crying heightened political risk. Not to return soon due to election issues. I am looking at Dec and early January as the rock-bottom entry period. I may be wrong.


you arent wrong my friend...i have been looking at the index and that break of 3500 is very nasty this slide will be heightened by lack of volume thus the fall will be accelerated .
as for equity support is at 13.00 Yes . and thats where we are headed ...
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Gadaffi
#489 Posted : Friday, August 26, 2011 6:05:36 PM
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Joined: 2/13/2011
Posts: 284
Location: Nairobi
QW25071985 wrote:
underweight wrote:
@ YCSUN was just going thru the graph and noticed that we are far from bottoming out especially if you look at the historical low of some companies. Some are already there while other are tending to approach their rock bottom prices. I believe the fate of hague will act as a catalyst.


i know for sure KenGen will be testing its historical low at 9.60 its currently falling like a rock . nt.nkt.nkt.nkt
as for safcom its making me laugh with every drop it does , lol
me thinks these stocks are racing to the bottom to see who will reach there fast ..

that is not funny, some of us r mourning..
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youcan'tstopusnow
#490 Posted : Friday, August 26, 2011 6:07:39 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
underweight wrote:
I believe the fate of hague will act as a catalyst.

Agreed. Plus do we even know when elections will be held? Na tuombe kunyeshe...
GOD BLESS YOUR LIFE
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QW25071985
#491 Posted : Friday, August 26, 2011 6:09:48 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
QW25071985 wrote:
underweight wrote:
@ YCSUN was just going thru the graph and noticed that we are far from bottoming out especially if you look at the historical low of some companies. Some are already there while other are tending to approach their rock bottom prices. I believe the fate of hague will act as a catalyst.


i know for sure KenGen will be testing its historical low at 9.60 its currently falling like a rock . nt.nkt.nkt.nkt
as for safcom its making me laugh with every drop it does , lol
me thinks these stocks are racing to the bottom to see who will reach there fast ..


Oops let me correct myself . Kengen's all time low is at 9.15 (mystocks live) today 26th aug we closed at 10.55 . so you better put two plus two and know where we are headed ...
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slykat
#492 Posted : Friday, August 26, 2011 6:27:34 PM
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Joined: 2/20/2007
Posts: 359
QW25071985 wrote:
QW25071985 wrote:
underweight wrote:
@ YCSUN was just going thru the graph and noticed that we are far from bottoming out especially if you look at the historical low of some companies. Some are already there while other are tending to approach their rock bottom prices. I believe the fate of hague will act as a catalyst.


i know for sure KenGen will be testing its historical low at 9.60 its currently falling like a rock . nt.nkt.nkt.nkt
as for safcom its making me laugh with every drop it does , lol
me thinks these stocks are racing to the bottom to see who will reach there fast ..


Oops let me correct myself . Kengen's all time low is at 9.15 (mystocks live) today 26th aug we closed at 10.55 . so you better put two plus two and know where we are headed ...



Was that not the KenGen before GDC was stolen from it? So, might it not be lower materially already considering that loss?
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hisah
#493 Posted : Saturday, August 27, 2011 6:36:47 PM
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Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah, seems mystocks.co.ke is back up.
Still no Twitter updates for NSE.
Activelite still malfunctioning
Funny how all 3 went down at the same time. More than meets the eye?

Spooky... d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#494 Posted : Saturday, August 27, 2011 7:17:46 PM
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Joined: 8/4/2010
Posts: 8,977
hisah wrote:
NSE closes @3546. First time after many weeks of lower lows. Now we have the first lower high close and forming a hammer candle pattern pinned @3501 which was the low this week on Monday 15th. Last week NSE closed @3511 on Friday 12th.

The bounce continues... smile

Another week goes & NSE resumes its weekly lower close trend. Last Friday the index was @3546 and now @3458 - 88pts down -2.48% weekly loss.
As stated on Wednesday the bounce last week had no legs. Britak IPO is listing this Friday - prayer requests required for the stock gods to intervene with a divine rally...

@youcant - KCB almost @19.50. It had better bounce at that level. Note at the current price it is still 8%+ up & outperforming NSE. Meanwhile sasini goes above uptrend trendline target (11.30) & closes @11.35. The 3rd attempt. If it holds above, 14 is the target. Failure to hold above points to sub 8 in coming months. Somehow Mr Market is not punishing agri counters even with the gloomy drought unlike the rest of the counters...

BBK - sub 13 this coming week. SCB - sub 200 this coming week. Those banks that posted stellar profits have been hammered. These 2 are laggards compared to the others profit returns, haircuts will be in order from a mean Mr Market.

I need mpesa to go sub 3 to get my mean buy hands to open. Very cheap bank smile

Uchumi - sub 8 this coming week. Inflation will beat it for a while as sales reduce with weak consumer spending power.

MSC - support at 5.50 - 6.00 range has legs... But for how long before see a test of 3.60...

Globally,Bernanke the printing wizard spoke on Friday & US markets jumped & gold did a huge u-turn from the selloff on Wednesday. That means the high speed inkjets will be spitting fresh mints soon. Europe's short selling ban not a good sign.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25071985
#495 Posted : Saturday, August 27, 2011 7:45:43 PM
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Joined: 3/25/2011
Posts: 946
looking at the charts equity bank decline point to ksh 13.00 level..
at that level i will be a very good buyer..
My advice to you is that if you can take less than 20% loss (inclusive commision) i would urge you to sell and get in latter . this index will do a a very big sumlp
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youcan'tstopusnow
#496 Posted : Saturday, August 27, 2011 10:31:11 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Where is @young? He had been forewarned of BBK's slump but chose to ''wait and see how it pans out''. No more custodials to sell. SCBK to struggle as well, but at least the loan book surged...
GOD BLESS YOUR LIFE
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Cde Monomotapa
#497 Posted : Saturday, August 27, 2011 11:38:54 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Hey people.

Please consider the cause and effects of the following as we go back to business on Monday.

Banking Circular No 9 of 2011: Guidelines on the Management of Liquidity through the CBK Discount Window and Cash Reserve Ratio

26 August 2011

http://www.centralbank.g...rs/banking/BC012009.pdf

Cheers.
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mlennyma
#498 Posted : Monday, August 29, 2011 7:59:53 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
The tsunami continues,am now enjoying it and praying for more blood for counters like scan,arm,eqty,kcb,kk&kplc
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#499 Posted : Monday, August 29, 2011 8:22:13 AM
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Joined: 8/4/2010
Posts: 8,977
With member caught up in lawsuits in some real estate project shareholders fight, their loan book will likely take a hit.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#500 Posted : Monday, August 29, 2011 8:32:00 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
How many lawsuits?i know of only one magistrate claiming a property worth 65m
"Don't let the fear of losing be greater than the excitement of winning."
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