NSE in the 3000s zone. The bleeding continues. It needs to bounce here. Bouncing at sub 3000 is hopeless...
SCB, Coop & CFC all looking to do rights. If KQ is used as the rights mood signal, well one can see where those 3 stocks are headed price-wise...@deal CFC sub 40, but rights causing confusion. At least coop has shelved this till 2013. Where do these firms expect the rights issue purchasing power to come from in a money winter environment?
AK - violates 4.75 accumulation rally scenario.
DTK - static @89.50 as accumulation continues. Below 90 opens 80, but the accumulation is stemming the tide.
Paka - divine intervention time...
Jubilee - @guru - what is happening, 160 handle lost...
KK - @deal - we'll soon know if last week's volume was supply test when 9/- handle is lost. Hope you have ur chute on in KQ now below 19. 17/- must offer support for a breather.
Kenya RE - sub 7 then 6 then...
MSC - definite sub 4 coming soon.
NBK - loss of 20/- handle calls for a test of 15/- More capitulation... Same case to NIC after losing the 25/- handle.
PanAfrica - sub 20?! I never follow it but this one too has capitulated wanjikus...
Sasini - 14 is still a solid barrier as per the current reversal. 11.50 is support, break below, back to 9.50.
Total - Sub 15... Capitulation continues. Been bleeding like a leaking storage tank...
TPS - below rights price. Have tourists disappeared?
Uchumi - sub 7 and now in my interest zone of 6... Let's see if 6/- can stem the slide.
Mpesa - this is still acting abnormal... I'm suspecting no more wanjikus here or they have a heart bypass since no panic exists for months...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!