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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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cnn wrote:hisah wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out I've noted this too. Happens during distribution (selling) or accumulation (buying). But above 45 bulls are in control. I expected mr market to take a breather after the westgate event, but gravity is being defied 
I've been keenly watching EABL since results release apart from mpesa bank to confirm if a proper selloff was in the cards. But with EABL bulls defending 270-280 major support level on bad results, the intension was clear. Don't be surprised to see EABL race again back to 400 and higher! 270-280 level was a reload point. A bralirwa like rally is shaping up despite the crazy PER?!
@cnn - cfc is now testing 75. Need that level to breakdown to race towards 100. Still note excited until that stubborn resistance gives way.
One more month to confirm if NSE20 will reclaim the 5000 handle. If the year closes above 5000 esp 5130, then 2014 will see a further push, but crazy PERs will be a headache.
Very interesting all these happening post VAT bill, westgate event, ICC and US govt shutdown with foreigners still pressing on the bull pedal
**Bulls frontrunning the oil play... We are right at that level today,though volumes have been thin.The cap on foreign holding i believe has been a big factor in the slow upward movement.Let us see where we are in five months. @hisah, furahiday could be here. Looking at the dd/ss
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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The counters moving over 1m shares have increased tremedously this week confirming bullish sediments going forward. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Total Kenya; Top gainer, No supply ;-)
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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mwekez@ji wrote:cnn wrote:hisah wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out I've noted this too. Happens during distribution (selling) or accumulation (buying). But above 45 bulls are in control. I expected mr market to take a breather after the westgate event, but gravity is being defied
I've been keenly watching EABL since results release apart from mpesa bank to confirm if a proper selloff was in the cards. But with EABL bulls defending 270-280 major support level on bad results, the intension was clear. Don't be surprised to see EABL race again back to 400 and higher! 270-280 level was a reload point. A bralirwa like rally is shaping up despite the crazy PER?!
@cnn - cfc is now testing 75. Need that level to breakdown to race towards 100. Still note excited until that stubborn resistance gives way.
One more month to confirm if NSE20 will reclaim the 5000 handle. If the year closes above 5000 esp 5130, then 2014 will see a further push, but crazy PERs will be a headache.
Very interesting all these happening post VAT bill, westgate event, ICC and US govt shutdown with foreigners still pressing on the bull pedal
**Bulls frontrunning the oil play... We are right at that level today,though volumes have been thin.The cap on foreign holding i believe has been a big factor in the slow upward movement.Let us see where we are in five months. @hisah, furahiday could be here. Looking at the dd/ss Bids @ 76 supply @ 78...elsewhere K.C.B touching a high of 48.
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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KCB is hitting a high of 48 and trading at a VWAP of 47.25. The NSE has now really bottomed out Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:Total Kenya; Top gainer, No supply ;-) I sold mine bana. at 16's. that pref share thing scared me. now it's a top gainer. ha ha. but I prefer process over results The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'm thinking. the market forgot hfck. I should buy more now that everything is up in the air The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Buoyed by solid volumes, week on week turnover soared to Kes.3.25bn from Kes.2.11bn posted the previous week, the number of shares traded rose significantly to 139M against 127M the previous week.
The NSE 20 Share Index was up 1.54% during the week to stand at 4841.33 points.
All Share Index (NASI) was up 3.05% during the week to stand at 129.90 points
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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I thought things were very bright today,why has the 20 index gained so little? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:I thought things were very bright today,why has the 20 index gained so little? don't forget it also contains luggards new all time lows. akina kq, kk etc The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Hello Joined: 10/5/2013 Posts: 4
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Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out sources tells me KCB will hit 60 next year
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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inspectordanger wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out sources tells me KCB will hit 60 next year 90bob 2015... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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inspectordanger wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out sources tells me KCB will hit 60 next year First post and you are quoting sources??? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: New-farer Joined: 9/20/2013 Posts: 24
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inspectordanger wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out sources tells me KCB will hit 60 next year hehhehe.  i amnot belittling you but NOBODY can dictate the price of any stock...The market has its own mind to think whats the fair value of any stock so go and tell those who said KCB will hit 60 bob next year to shut up !
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Rank: Hello Joined: 10/5/2013 Posts: 4
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murchr wrote:inspectordanger wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out sources tells me KCB will hit 60 next year First post and you are quoting sources??? First post doesn't mean i haven't been investing or following veteran posts. 4000 posts doesn't equal to investing experience.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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inspectordanger wrote:murchr wrote:inspectordanger wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out sources tells me KCB will hit 60 next year First post and you are quoting sources??? First post doesn't mean i haven't been investing or following veteran posts. 4000 posts doesn't equal to investing experience. Clearly you aint getting it....What "sources" could be whispering about market prices considering that the environment dictates the market dynamics? See the question @ericnyamufx aka QW asks you up there...nobody knows what will happen tomorrow hence in wazua language "source" are only quoted on club SK. In this section, terms like "if all things remain constant".... "at this momentum" and then you go ahead and explain why you think KCB will earn KES15 in 12 months. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:I'm thinking. the market forgot hfck. I should buy more now that everything is up in the air Land Act curve balls. This one will strike the bankers all the time...
http://www.nation.co.ke/.../-/ybn20lz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE most innovative African bourse - http://www.nation.co.ke/...56/-/ayuuv0/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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the matrimonial aspect is what can really hurt lenders. waiting for 90 days is a delay of course but one that can be circumvented. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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When KCB is @49,Equity @35,Cfc @ 78 and HFCK back to 26...quarter three results positioning?
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