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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:@hisah,according to your signature,who is receiving much beating,the bull or the bear????any company which slips in q1 will receive a beating.look at hfck which was heading to 40s struggling to reclaim its earlier price with a 1 bob div in place.
During volatility periods both bulls and bears are undecided who is in control. So both camps take hits until the a clear trend emerges. I'm bearish banks, but the market is now pushing simba and member upwards as well as coop. For banks I still have that NPL issue nagging my conviction as well as the market is pricey on most counters.
Laggards remain my main focus though KQ and KK are struggling longer than I expected. Forced to decamp from KQ recently and build up on KPLC. Looking for another energy play while I wait for KK to finish its vol churn. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Anyone with report released yesterday by RSM Ashvir on Kenya Banking Performance? http://www.businessdailyafrica..../-/103usxdz/-/index.html
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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paka trades 158,000 shares in one swoop Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Pesa Nane wrote:paka trades 158,000 shares in one swoop Is that even KES 500,000? Nothing to write home about. Worth less than 1,000 BAT... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mpesa bank finishes april with vol spikes with a few weeks to FY results as well as simba, member and EABL churning huge share vols. FTSE KE NSE15 has broken out of the ascending triangle and dismissed solid resistance @180 on sizable vol on the above top 4 counters. Q2 should continue to be interesting as bulls reaffirm their strength... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Brothers and sisters, is today a market day? Or am i the only one without live data streaming? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Ata hapa am seiing nothing. Seems mr market comptroller bado yuko holiday Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Seems the problem is with rich.co.ke. MyStocks is up/has been up since market open. @SufficientlyP
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Sufficiently Philanga....thropic wrote:Seems the problem is with rich.co.ke. MyStocks is up/has been up since market open. How comes all nellydata related sites are down? Have you checked the date and time of the data that you are getting? #just_asking. update: Sorry, just looked at it (live.mystocks), and its OK! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE20 cartoon just got interesting. When BB constrict it only means one thing. Looming breakout - up (rally) or down (selloff). Whoever wins the fight it will be spectacular to watch. Get ready...  Another cartoon view for the 1yr chart - symmetrical triangle.   Symmetrical triangle cartoon explained - http://www.chartpattern.com/symmetrical.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/1/2013 Posts: 257
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Signs of a bull run in the banking sector Total industry lending increased to Sh1.69 trillion in the first three months of the year from Sh1.6 trillion last December, a 5.6 per cent growth. That enabled the banks to make a massive Sh33.4 billion in pre-tax profits compared to the Sh28.2 billion they made last year, an 18.4 per cent increase. The performance has been behind the recent rallying of bank stocks at the Nairobi Securities Exchange (NSE), which analysts expect to continue attracting investor attention in the coming months. http://www.businessdaily...6/-/49wqf5z/-/index.htmlNo diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@Hisah. Im glad something is going to happen, this back and forth gets boring. Meanwhle I am buying TPS serena 40.50, KK 8.90 and Bamburi 175.00 like im beng paid to do so. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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I am on to KK at 8.9 and KPLC at 14.8 In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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@Aguytrying, what are the prospects for TPS Serena shares? Don't Work for Money, Let Money Work for You..
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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georgegop wrote:@Aguytrying, what are the prospects for TPS Serena shares? undervalued. but not for speculators, gains may take years to come 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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meanwhile HFCK doing 2.5 shares turnover with highs o 39.00. doesnt want to be let by big brother equity at 42.00? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Angelica _ann wrote:I am on to KK at 8.9 and KPLC at 14.8 What do we expect of KPLC & Kengen after tariff review? KK closing books on 16/05/2014. We could buy at 8/= on 17!or on Mon 19th. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@aguy - we are getting close to the TA resolutions (triangle and compressed BB) on the NSE20. And it looks bearish... The return of bargains perhaps and a very queit wazua period   The index has been above 4900 since the April low. Today it closed @4,899.92. We are in a series of lower highs since Nov 2013. Once the index prints a lower low from the triangle break downwards (sub 4800), things will move very quicky... I repeat, I'm bearish banks... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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How to tell NSE has bottomed out
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