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How to tell NSE has bottomed out
Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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İt does not matter Who boards the bus even mbuzı, kuku na ngombe wako na haki . Only that the latter 3 know how to kupanda but kuşhuka ni shinda to them ride iş forever . A donkey iş used to ferryıng heâvy loads the day you ferry a donkey it gets so excited mpaka anacheka mpaka anakufa . Open your eyes, there ıs always a stage to embark usiruke kwa window . Peace be with you
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Time to gain! Today will be a Great harvest day at the NSE, ofcourse for those who dared plant at the right season! @SufficientlyP
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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post earnings season - Who is the driver?
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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You can get on mbus going to Karen ikifika Junction dere aseme anarudi town. Sehemu ndio nyumba
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sufficiently Philanga....thropic wrote:Time to gain!
Today will be a Great harvest day at the NSE, ofcourse for those who dared plant at the right season! How did you know about ROAR!? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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ecstacy wrote:post earnings season - Who is the driver? Growth stocks either real or perceived. The opposite of courage is not cowardice, it's conformity.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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funny enough we will see kcb back to 14 bob pretty soon . wait and see !
i like this market it likes gettin people wrong footed ( apart from me :D)
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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NSE closed at 3,312 today.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@QW, you will probably remember we had this debate on Wazua in December last year. At the time KCB was hovering just above Kshs 15. At the time, some were predicting that it would tumble even further. Of course some of us bought and we are now reaping the rewards. However, we will be quite happy to see it get back to 14 if it ever will - It will allow us to enjoy yet another ride to Kshs 20+ when rationality resumes. It always does, it just takes some time. But then we have called the end of the bear often enough without success. Nowadays, its better to just buy when you believe a stock has been severely beaten down. As long as it is a strong company that is growing both revenues and profits (KCB qualifies), a lower price is always better than a higher price and I will vote for it every time AND I WILL BUY. QW25091985 wrote:funny enough we will see kcb back to 14 bob pretty soon . wait and see !
i like this market it likes gettin people wrong footed ( apart from me :D)
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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FUNKY wrote:NSE closed at 3,312 today. VOLUME !!!!!!!!!!!!!! . increasing or decreasing or what ? headed to 3500 . wow!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Volume spread tea leaves reading... BAT topped out at 320s as per volume spike - same as what KK did back in July.  KCB too exhibiting the same. Will not rally as expected on solid results just like HFCK.  Definitely I get some heavy bashing stating the same esp on roar. In 5,4,3,2,1 - @cde and @guru  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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hisah wrote:Volume spread tea leaves reading... BAT topped out at 320s as per volume spike - same as what KK did back in July. KCB too exhibiting the same. Will not rally as expected on solid results just like HFCK.Definitely I get some heavy bashing stating the same esp on roar. In 5,4,3,2,1 - @cde and @guru its all in the price . i see also it not rallyin . its now of buyin the rumor sellin the fact ...suckers are the ones buying now ..am still waiting for it lower
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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jerry wrote:ecstacy wrote:post earnings season - Who is the driver? Growth stocks either real or perceived. Possibly. Environment? Thank God the Al-Shabaab war bill is going to be off our backs once we become part of Amisom. Do we know what it's cost us? Thank God it's raining... Thank God inflation dipped... However, if fuel driven inflation played a major role in negative economic growth well then we headed back there. Tensions high in the Gulf with the possibility of a war placed at most 12-18 months from now. An oil price surge will flatten any little confidence in the recovery of the global economy. US knows that and is currently begging Israel to play peace. Will they win?...Oil is on 10 month highs even before sanctions (peacetime option) take place... Add current total crop failure in parts of Kenya due to bad seeds..incoming food import bill up.. Add expensive devolution bill in our to be read budget... Add an election year in Kenya... Let me stand accused of playing caution so far. NB: Meanwhile babysitting KK and ooops NBK caught my interest again..
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@hisah, I take your point. After a little while once the results are in the high wears off. However, the results certainly point to a good future for this behemoth of a bank(in EAC terms of course).
At a price of Kshs 20.50, the yield is just above 9% and PE of 5.5. By themselves these are very good ratios. Now, should the share price slide; even if the trend were still pointing down, I will certainly be willing to ignore the technicals and go with the fundies.
I am guessing that KCB's price once we are done with the election will be 30+. Thus, let's say I pick up the share Kshs 18. However, it somehow goes to 14 and I am unfortunately unable to buy any more at that point. Will I not be still be better off when it hits my target price?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I am looking at the volumes on bluechips today and the top 5 look like this... EQTY 5.12M KCB 1.54M TCL 1.28M SCOM 5.42M KENO 1.43M   Interesting volume building up on resistance on KCB, member and KK. These 3 want to go up... The volume on tranny is also heavy. What's cooking here... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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This market will amaze everyone this year! Below 3,200points has proved a tall order! But could it be a case of pump and dump?I ask! @SufficientlyP
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Africa's top retirement fund in overseas investment push South Africa's Government Employees Pension Fund (GEPF) is considering investing around $22 billion outside the country to diversify its risks and some of that may go to other African countries and emerging markets. http://af.reuters.com/ar...s/idAFJOE82Q03U20120327
Si walete hio pesa huku! GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:I am looking at the volumes on bluechips today and the top 5 look like this... EQTY 5.12M KCB 1.54M TCL 1.28M SCOM 5.42M KENO 1.43M Interesting volume building up on resistance on KCB, member and KK. These 3 want to go up... The volume on tranny is also heavy. What's cooking here... Bwana hisah. You once said that high volumes at the end of a rally means exit volume, what makes this different? The investor's chief problem - and even his worst enemy - is likely to be himself
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