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How to tell NSE has bottomed out
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Metasploit wrote:Sellers please get more aggressive!!
We need safcom at 10.20 and CIC at 5.00. NSE 20down to 5072.87 Well well, the excitement is over. It doesnt look like people are going for the holidays.... Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Member Joined: 3/14/2012 Posts: 577 Location: Nairobi Kenya
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SittingPretty wrote:Metasploit wrote:Sellers please get more aggressive!!
We need safcom at 10.20 and CIC at 5.00. NSE 20down to 5072.87 Well well, the excitement is over. It doesnt look like people are going for the holidays.... @SP - no holidaying just yet, someone has to ride the remaining bulls Before I die - i will touch the sky!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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murchr on Nov 18th wrote:mnunuzi wrote:murchr wrote:BGL wrote:YoungMulla wrote:cnn wrote:YoungMulla wrote:Okay, WTH just happened at CARB??? Someone... anyone ...? ex-BONUS,ex-SPLIT Salaale, here am sure some guys have lost xmas savings. @cnn - do you expect a further drop or some recovery from tommorow? For every share you had by friday 15th, YOU will have 7.5 shares on Dec 10th. Wait a minute...I thought its 1 for every 5 held as of 15th so going by the price on friday - 230/- the current price would have been 46/- then the bonus comes in later in dec? Am I wrong? True imho, its was a 1:5 split. It means more liquidity, affordable to more investors and they tend to think they can buy it cheaper. Fundamentally I think its a good dip buy I think this counter will behave like ARM, waiting to see how the going is tomorrow am more interested in the bonus  "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: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Yesterday some counters bottomed.If you look at the volumes trading and the time of the year,you can only stay put for new years optimism. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mlennyma wrote:Yesterday some counters bottomed.If you look at the volumes trading and the time of the year,you can only stay put for new years optimism. Which counters?
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Mukiri wrote:mlennyma wrote:Yesterday some counters bottomed.If you look at the volumes trading and the time of the year,you can only stay put for new years optimism. Which counters? Britam, CFC Stanbic, Pan Africa Ins. CFC Insurance, CIC Thieves
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Rank: Member Joined: 8/14/2007 Posts: 111
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Unlike previous december months there seems to be few RED counters .its UP UP for majority of the counters Good signs that 2014 may be a very good year Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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This market will surprise everybody even uhuru kenyatta the preso,look at the volumes trading when we expect slow down on dec. "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:This market will surprise everybody even uhuru kenyatta the preso,look at the volumes trading when we expect slow down on dec. Im not selling anything for a while, all counters ive sold this year have gone up. even obiero has experienced this. Hold your good(undervalued/fairly valued) counters people. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 3/26/2012 Posts: 830
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This year was ideal for any fund manager who used an event-driven strategy to invest in nse. Access Kenya, Rea Vipingo looming, Carbacid split, Athi River Mining split all made money. I might employ that strategy next year...a purely event-driven strategy. The only event I hope not to cash in on is that which results in suspension of trading kama Access na Rea Vipingo. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rich says All Share and the NSE20 to rise 5% before January"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: Elder Joined: 9/29/2006 Posts: 2,570
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S.Mutaga III wrote:This year was ideal for any fund manager who used an event-driven strategy to invest in nse. Access Kenya, Rea Vipingo looming, Carbacid split, Athi River Mining split all made money. I might employ that strategy next year...a purely event-driven strategy. The only event I hope not to cash in on is that which results in suspension of trading kama Access na Rea Vipingo. I'm with you on this NEW strategy. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66
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Rank: Member Joined: 3/14/2012 Posts: 577 Location: Nairobi Kenya
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FUNKY wrote:Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66 Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights?? Before I die - i will touch the sky!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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YoungMulla wrote:FUNKY wrote:Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66 Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights?? They have never left the market they are buying and selling to each other "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: Elder Joined: 2/26/2012 Posts: 15,980
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Some 36M shares valued at Kes.690M were traded in 2,000 deals, down from 29M shares that were valued at Kes.751M posted yesterday. The NSE 20 Share Index was down 0.74% or 37.49 points to stand at 5005.45. All Share Index (NASI) shed 1.95 points to stand at 137.91. "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: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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the pattern indicates that we are headed to sub-5000  Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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murchr wrote:YoungMulla wrote:FUNKY wrote:Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66 Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights?? They have never left the market they are buying and selling to each other Made the same observation as @murchr 'right-to-left'
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:murchr wrote:YoungMulla wrote:FUNKY wrote:Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66 Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights?? They have never left the market they are buying and selling to each other Made the same observation as @murchr 'right-to-left' Furthermore, with the NSSF reforms it is expected that the country's capital & savings base will expand. Working as planned then we can drive the markets a lot more with foreign capital playing a complimentary role. Let's see.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Profit taking has been quite shallow than I expected esp on mpesa bank, simba, eabl, bamburi & member. 4900 will likely stall the slide. Laggards kk, kq, nbk & kplc are floating as expected. MSC somehow is still above 3/- but the sugar industry is as disordered as it gets at the moment. @aguy - tps is worth a shot for recovery, but illiquid counter. Less riskier than kq for those without hearts of steel to board the kq mbus... The next solid bull boost is the eurobond float. If it happens when NSE20 is above 5500, I'd expect 6000 and the all time high level @6161 to be tested... By then a lot of crappy stocks will be floating high. The idea is to avoid that crappy corner in case of a shakeout event... Just like 5000, at 6k level the selling pressure will be solid resisting bulls for a while... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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