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How to tell NSE has bottomed out
Rank: Elder Joined: 7/11/2012 Posts: 5,222
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stocksmaster wrote:Mukiri wrote:hisah wrote:hisah wrote:cnn wrote: After such a day,the NSE 20 closes at 5085 on a 1.5 billion shillings turnover.Safaricom doing more than half a billion in turnover with foreigners who contributed much to the rise in its share price strongly on the sell side and i have noted the same with K.C.B Booking profits for the year. Quote:“Safaricom was the day’s top mover with foreigners selling off the counter on profit taking and local investors accounting for the bulk of demand,” said Standard Investment Bank its analysis of Tuesday’s trading. Kestrel Capital, a brokerage firm based in Nairobi, has put the highest possible price of the share at Sh11.66 and recommended that investors should buy more when the price falls below Sh9.65. www.businessdailyafrica....8/-/rn829yz/-/index.html
Nice for BD to put this article.
Jan - Feb will be interesting. Sucker rally or continuation is the game with 5100 the ref...
How would one be able to tell the difference between Sucker rally and Continuation? Check whose buying and whose selling. A. When it is foreigners buying with locals selling= continuation. B. When its foreigners selling and locals buying then thats a sucker rally. NSE rallys typically follow that model. 'A' happens sucking in locals then ' B' happens. After B happens a correction occurs and we go back to A after sometime. Happy hunting. Thank you 
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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CIC doing crazy volumes today!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Sufficiently Philanga....thropic wrote:hisah wrote:hisah wrote:cnn wrote: After such a day,the NSE 20 closes at 5085 on a 1.5 billion shillings turnover.Safaricom doing more than half a billion in turnover with foreigners who contributed much to the rise in its share price strongly on the sell side and i have noted the same with K.C.B Booking profits for the year. Quote:“Safaricom was the day’s top mover with foreigners selling off the counter on profit taking and local investors accounting for the bulk of demand,” said Standard Investment Bank its analysis of Tuesday’s trading. Kestrel Capital, a brokerage firm based in Nairobi, has put the highest possible price of the share at Sh11.66 and recommended that investors should buy more when the price falls below Sh9.65. www.businessdailyafrica....8/-/rn829yz/-/index.html
Nice for BD to put this article.
Jan - Feb will be interesting. Sucker rally or continuation is the game with 5100 the ref...
Interesting to see how mpesa trades today. Looks like 11 will be the new resistance level,for now. I watched that foreign sell off jana and it was quite telling. I expected a correction on mpesa to 10.70-10.80 levels but wapi ? Now i see huge block trades on 11.05,11.10 and 11.20. 11 has been defended.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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My long held BAT @ 600...held from 138, it has been a patient wait....but this one i will never sell.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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cnn wrote:My long held BAT @ 600...held from 138, it has been a patient wait....but this one i will never sell. Agreed.Safaricom is not a stock to sell at the current levels
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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@Hisah,5100 has been taken today,cartoonists what is next resistance?
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Metasploit wrote:cnn wrote:My long held BAT @ 600...held from 138, it has been a patient wait....but this one i will never sell. Agreed.Safaricom is not a stock to sell at the current levels My love is ARM, cant get myself to sell. Thieves
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Who is buying/selling Marshalls? In this bull run we might see the likes of Kenya Orchards trading. By the way, from whom is the gov leasing its vehicles from? "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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cnn wrote:@Hisah,5100 has been taken today,cartoonists what is next resistance? Seen that NSE20 closed @5125 as close of year approaches.
I haven't analyzed the next levels, but 5400 - 5500 should be the next barrier. Will recalibrate first week of Jan. Laggards next online then crappy stocks then the bear gets back...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 14,354 Location: nairobi
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cnn wrote:My long held BAT @ 600...held from 138, it has been a patient wait....but this one i will never sell. 138 to 600 is quite good.. but how many shares at such a high entry price can an average guy afford.. not many, if u ask me COOP, IMH, KEGN, MTNU
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