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Has the 'bull' lost its leggs?
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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let me clear the confusion here ! Basically what we are seeing with the downtrend is NOT an end to the bull like some are saying . its a retracement that i had earlier called for to retest the trendline ( as shown int he image below) Until we break the trendline then i will be getting bullish or staying of the market and monitoring the situation. since we had bottomed from the 3072 lows am bullish on the index and i expect the trendline to hold the index .the trendline is the black line running up the chart below ! 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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QW25091985 wrote:kaifastus wrote:Is it the shilling, the stoking of the euro crisis fire,profit taking perhaps..one thing is certain one can smell fear in the air! how i hate such posts . Screaming the bull is dead and you cannot even post a single chart to support ur claims. The bull isnt dead. @QW :"The one principle that applies to nearly all these"technical approaches" is that one should buy because a stock has gone up and one should sell because it has declined.This is the exact opposit of sound business sense everywhere else and it is most unlikely that it can lead to lasting success in any Stock exchange...In our own stock market experience extending over 50 years,we have not known a single person who has consistently or lastingly made money by following the market.We do not hesitate to declare that this approach is a s fallacious as it is popular"...Benjamin Graham on Technical Analysis possunt quia posse videntur
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mwekez@ji wrote:@SPT, Whats your current view on TCL as a speculative play Currently trading at a trailing PE of 21 so i'd avoid it like fire despite, though they should post good H1 results. I'd rather speculate on their cash cow, Cables that has more upside potential what with increased power connections & a possible boost from the oil find in terms of more business! Cables also has a better trailing PE of 9. A quick speculative play for me at the moment would be KCB & Equity that have impressive demand which came in especially KCB after div bok closure! And the fundamentals are quite good! @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:mwekez@ji wrote:@SPT, Whats your current view on TCL as a speculative play Currently trading at a trailing PE of 21 so i'd avoid it like fire despite, though they should post good H1 results. I'd rather speculate on their cash cow, Cables that has more upside potential what with increased power connections & a possible boost from the oil find in terms of more business! Cables also has a better trailing PE of 9. A quick speculative play for me at the moment would be KCB & Equity that have impressive demand which came in especially KCB after div bok closure! And the fundamentals are quite good! Thex SPT. Am just from reading another BUY recommendation for KCB 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I'm just hoping that KE blast doesn't spook investors esp judging by the USDKES move at the moment - almost at 86. If foreigners get spooked, it wont be funny as they exit the market which has rallied on selective counters... $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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hisah wrote:I'm just hoping that KE blast doesn't spook investors esp judging by the USDKES move at the moment - almost at 86. If foreigners get spooked, it wont be funny as they exit the market which has rallied on selective counters... Hopefully, the downward movement in oil price persists & prevent pressure on the KE currency from building up!  @SufficientlyP
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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Sufficiently Philanga....thropic wrote:hisah wrote:I'm just hoping that KE blast doesn't spook investors esp judging by the USDKES move at the moment - almost at 86. If foreigners get spooked, it wont be funny as they exit the market which has rallied on selective counters... Hopefully, the downward movement in oil price persists & prevent pressure on the KE currency from building up! hopefully, fingers crossed. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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Sufficiently Philanga....thropic wrote:hisah wrote:I'm just hoping that KE blast doesn't spook investors esp judging by the USDKES move at the moment - almost at 86. If foreigners get spooked, it wont be funny as they exit the market which has rallied on selective counters... Hopefully, the downward movement in oil price persists & prevent pressure on the KE currency from building up! hopefully, fingers crossed. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:hisah wrote:I'm just hoping that KE blast doesn't spook investors esp judging by the USDKES move at the moment - almost at 86. If foreigners get spooked, it wont be funny as they exit the market which has rallied on selective counters... Hopefully, the downward movement in oil price persists & prevent pressure on the KE currency from building up! The decline of oil prices alone cannot fix that BoP. Treasury fiscal policies will... $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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hisah wrote:Sufficiently Philanga....thropic wrote:hisah wrote:I'm just hoping that KE blast doesn't spook investors esp judging by the USDKES move at the moment - almost at 86. If foreigners get spooked, it wont be funny as they exit the market which has rallied on selective counters... Hopefully, the downward movement in oil price persists & prevent pressure on the KE currency from building up! The decline of oil prices alone cannot fix that BoP. Treasury fiscal policies will... True. How i miss the days of "i'd rather die" at treasury! @SufficientlyP
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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balancing of bop will be difficult to achheve because of the oil import bill i think, @hisah LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 7/21/2010 Posts: 6,185 Location: nairobi
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The upward trend resumes. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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i'm still bearish. Uncertainty is certain.Let go
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I am enjoying the UNGA ride...
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Rank: Member Joined: 4/14/2011 Posts: 639
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FUNKY wrote:I am enjoying the UNGA ride... @funky whats pushing the price by the way
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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AK seems to be walking up
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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ChessMaster wrote:i'm still bearish. This was a selective bull and that is why some stock are being punished heavily ..kplc et all What do you think about Tullow's announcement in three weeks times on the commercial viability of Ngamia 1 ? The fundamentals are ugly but a positive conclusion on viability might help,a negative will be catastrophic!
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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When it comes to oil the only time i'm interested is when actually drilling dates are being announced. Because then the real value of the oil can start to impact the economy. Uncertainty is certain.Let go
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Rank: Member Joined: 4/14/2011 Posts: 639
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Metasploit wrote:ChessMaster wrote:i'm still bearish. This was a selective bull and that is why some stock are being punished heavily ..kplc et all What do you think about Tullow's announcement in three weeks times on the commercial viability of Ngamia 1 ? The fundamentals are ugly but a positive conclusion on viability might help,a negative will be catastrophic! Am almost certain going by the reports so far...If Ngamia1 has more oil than uganda what would make it not commercially viable if ugandan is?laymans logic
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ Hunderwear - UNGA is a cheap stock and due to the limited supply available the price had to go up.
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Has the 'bull' lost its leggs?
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