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Mumias Sugar huge demand
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SittingPretty
#401 Posted : Monday, January 27, 2014 2:34:33 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
hisah wrote:
Watching this one keenly for I don't think 3/- will hold up when it breaks...

@hisah did'nt get that clearly..., a likely of it going a new low!!!
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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hisah
#402 Posted : Monday, January 27, 2014 2:48:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
SittingPretty wrote:
hisah wrote:
Watching this one keenly for I don't think 3/- will hold up when it breaks...

@hisah did'nt get that clearly..., a likely of it going a new low!!!

The chart and vol spread is very bearish to make 3/- level a strong support. This counter has been breaking all time lows since cracking below 3.50/- (GFC all time low). Today a new low has printed @3.05.

Back in Nov 2013 a vol spike traded @3.50 and the price direction has been down. Last yr the highest vol spike was in July @4.30 - 4.50 level. That was distribution (selling).
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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SittingPretty
#403 Posted : Monday, January 27, 2014 4:52:22 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
hisah wrote:
SittingPretty wrote:
hisah wrote:
Watching this one keenly for I don't think 3/- will hold up when it breaks...

@hisah did'nt get that clearly..., a likely of it going a new low!!!

The chart and vol spread is very bearish to make 3/- level a strong support. This counter has been breaking all time lows since cracking below 3.50/- (GFC all time low). Today a new low has printed @3.05.

Back in Nov 2013 a vol spike traded @3.50 and the price direction has been down. Last yr the highest vol spike was in July @4.30 - 4.50 level. That was distribution (selling).

Thansk@Hisah
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Aguytrying
#404 Posted : Monday, January 27, 2014 9:01:05 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
when I dont fetch the low, I'm motivated to buy more.
@ sugar guru. say something
The investor's chief problem - and even his worst enemy - is likely to be himself
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stockshunter
#405 Posted : Monday, January 27, 2014 10:29:22 PM
Rank: Member

Joined: 1/16/2014
Posts: 114
this thing might not go below 3 bob not because of any change in attitude but due to sellers fatigue. If the support level at 3 is broken then 2.50 might be a reality too.
fear makes people live a miserable life.
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Cde Monomotapa
#406 Posted : Tuesday, January 28, 2014 10:06:02 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Kenya sugar output seen up 17% in 2014 - CNBC Africa http://www.cnbcafrica.co...tput-seen-up-17-in-2014/
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ecstacy
#407 Posted : Tuesday, January 28, 2014 10:59:04 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in..
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MaichBlack
#408 Posted : Tuesday, January 28, 2014 11:08:04 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,884
MaichBlack wrote:
MaichBlack wrote:
I have an order pending at 3.00/=. I'm not adjusting it for now!!!

Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!!

Haya basi, nime adjust my order price to 3.10/=

My order went through at 3.10/=

Just ordered some more today!!!

I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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ecstacy
#409 Posted : Tuesday, January 28, 2014 11:10:30 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
I have an order pending at 3.00/=. I'm not adjusting it for now!!!

Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!!

Haya basi, nime adjust my order price to 3.10/=

My order went through at 3.10/=

Just ordered some more today!!!

I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!!


At Ksh 3.50/= you'll be on 11% appreciation smile The volumes though..
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Aguytrying
#410 Posted : Tuesday, January 28, 2014 11:12:55 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
ecstacy wrote:
What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in..


hey! I wrote a long extract on mumias a few pages back bana. nav is around 9.00.
can't wait to sell this at 13.00.
The investor's chief problem - and even his worst enemy - is likely to be himself
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