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How to tell NSE has bottomed out
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hisah
#2741 Posted : Thursday, March 21, 2013 5:23:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mpesa bank back to 5.80 stage (former resistance now turned support). Consolidation then a move back to the highs since the selling is on light volume. Member continues to see heavy turnover for 2 weeks now with the price still stable exdiv. I expect member to rally more than KCB this year. AK positioning points to a move higher.

As for my trades - CFCI is within striking distance of my target @10.50 while JHL is slowly working towards 250.

Near term risk - locally - election case while globally - Cyprus throwing a nasty spanner into the works.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kazee
#2742 Posted : Thursday, March 21, 2013 5:40:57 PM
Rank: Member

Joined: 9/18/2006
Posts: 131
hisah wrote:
Mpesa bank back to 5.80 stage (former resistance now turned support). Consolidation then a move back to the highs since the selling is on light volume. Member continues to see heavy turnover for 2 weeks now with the price still stable exdiv. I expect member to rally more than KCB this year. AK positioning points to a move higher.

As for my trades - CFCI is within striking distance of my target @10.50 while JHL is slowly working towards 250.

Near term risk - locally - election case while globally - Cyprus throwing a nasty spanner into the works.



In the meantime, HF appears to have found a new resistance level of 23 and Panafric a ceiling of 57.
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Aguytrying
#2743 Posted : Thursday, March 21, 2013 8:35:37 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Mpesa bank back to 5.80 stage (former resistance now turned support). Consolidation then a move back to the highs since the selling is on light volume. Member continues to see heavy turnover for 2 weeks now with the price still stable exdiv. I expect member to rally more than KCB this year. AK positioning points to a move higher.

As for my trades - CFCI is within striking distance of my target @10.50 while JHL is slowly working towards 250.

Near term risk - locally - election case while globally - Cyprus throwing a nasty spanner into the works.


I realised Cfci is trying to change my mind to hold longer.(don't like confusing them in my head) While it was purely speculative buy and has rallied harder than my dreams. I'm getting out soon. Was a sweet ride 30% odd percent.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#2744 Posted : Friday, March 22, 2013 5:59:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
nse wrote:
Week on week turnover declined to Kes.2.36bn from Kes.4.12bn posted the previous week, the number of shares traded stood at 117M against 203M the previous week.

The NSE 20 Share Index shaved-off a total of 60.52 points during the week to stand at 4713.60.
All Share Index (NASI) was down 0.19% during the week to settle at 113.45 points.


NSE20 bounced today closing @4713.60 after a 7 day losing streak.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2745 Posted : Saturday, March 23, 2013 9:33:35 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Foreigners net sellers in Feb - http://www.businessdaily...4/-/4g5gs9/-/index.html

I like this report. It tightens the spring board which is already tight for a fearful teen bull smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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obiero
#2746 Posted : Sunday, March 24, 2013 4:37:11 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
hisah wrote:
Foreigners net sellers in Feb - http://www.businessdaily...4/-/4g5gs9/-/index.html

I like this report. It tightens the spring board which is already tight for a fearful teen bull smile

@hisah. the net foreign sell position trend has gone on into March and it is informed by their foreign missions view on current political situation, note not fundamentals, which are seen to remain strong across most sectors. on or about 28th March, 2013 is when true NSE direction will be known. If the courts decide that a new round of election is required, be 100% sure that the index will rapidly go sub 4300. thank me later
COOP, IMH, KEGN, KQ, MTNU
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symbols
#2747 Posted : Monday, March 25, 2013 10:03:32 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
Hoping AK injects confidence in the market today.Kengen is showing possibilities.Lets see how it goes.
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  | | Edit by user: Monday, March 25, 2013 10:20 AM | Reason: Not specified
symbols
#2748 Posted : Monday, March 25, 2013 1:49:37 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
BBK is moving some serious volumes
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streetwise
#2749 Posted : Monday, March 25, 2013 3:00:56 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Who is buying
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symbols
#2750 Posted : Monday, March 25, 2013 3:06:45 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
streetwise wrote:
Who is buying


@mwekez@ji is much more informed than me when it comes to that.
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