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VituVingiSana		#1781 Posted : Tuesday, May 31, 2016 6:06:36 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,370 Location: Nairobi		mkate_nusu wrote: mlennyma wrote: hisah wrote: Sufficiently Philanga....thropic wrote: hisah wrote: Closed at 3860. To reclaim 4k handle, PPT needs to rump up 140pts - 3.62% rally tomorrow! The year low is 94pts away at 3766. That would be a major comeback as the greens are trailing the reds ATM. For now, i'm the shark waiting out at -10% bid prices vs yesterday Oh well. I guess PPT are in holiday mood for any last minute rump. If the index closes down 1.6% today that will see NSE20 lose the 3800 handle. counters are revisiting their all time lows seen kindu February I expect a fed interest rate hike to see capital outflow from emerging markets. Take safety in quality stocks A 0.25% hike by the Fed will make little difference to Kenya when GoK pays 12% tax-free on GoK bonds. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#1782 Posted : Thursday, June 02, 2016 9:46:36 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		NSE20 closed the month @3827 while the monthly open was 4022. May was a down month (-4.85%) coming after some big banks announced Q1 2016 results and mpesa bank's FY with bears still rejecting any bullish advance above the 4000 handle, which has been a barrier since Nov 2015 - 6 months and counting! This month Treasury presents the national budget, which is sizable and will definitely give the taxman a collection headache. Globally two events are closely being followed - Fed rate hike (FOMC meeting on June 15) and BREXIT (results on June 24). Another Fed rate hike will continue strengthening the USD, which will sustain the capital outflow pressure in emerging markets. While BREXIT (walkout vote) will shake market, but I do expect EU to force the vote the other side for they stand to lose a lot if BREXIT is triggered! Sitting on cash while waiting for fatter discounts continues to be my strategy. The sooner NSE20 resolves the sideways action (3700 - 4000 range) up or down the better so that we can get moving. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma		#1783 Posted : Thursday, June 02, 2016 2:16:19 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		No hope this year,infact it now appears a second wave to the ground is gathering pace. "Don't let the fear of losing be greater than the excitement of winning."
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Othelo		#1784 Posted : Thursday, June 02, 2016 2:23:37 PM
Rank: User Joined: 1/20/2014 Posts: 3,528		hisah wrote: Sitting on cash while waiting for fatter discounts continues to be my strategy. The sooner NSE20 resolves the sideways action (3700 - 4000 range) up or down the better so that we can get moving. We are many in cash ........ we need a down ward move of about 7.5-12.5% to present discounts on some of the firms with sound fundees for me are Bamburi, I&M, Safcom and DTB!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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muandiwambeu		#1785 Posted : Thursday, June 02, 2016 4:10:23 PM
Rank: Veteran Joined: 8/28/2015 Posts: 1,247		Othelo wrote: hisah wrote: Sitting on cash while waiting for fatter discounts continues to be my strategy. The sooner NSE20 resolves the sideways action (3700 - 4000 range) up or down the better so that we can get moving. We are many in cash ........ we need a down ward move of about 7.5-12.5% to present discounts on some of the firms with sound fundees for me are Bamburi, I&M, Safcom and DTB!!! I love bulls and I hate the grisly bears. These bears are threatening to deceminate all bulls alive ,Behold, a sower went forth to sow;....
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hisah		#1786 Posted : Thursday, June 02, 2016 4:29:51 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Othelo wrote: hisah wrote: Sitting on cash while waiting for fatter discounts continues to be my strategy. The sooner NSE20 resolves the sideways action (3700 - 4000 range) up or down the better so that we can get moving. We are many in cash ........ we need a down ward move of about 7.5-12.5% to present discounts on some of the firms with sound fundees for me are Bamburi, I&M, Safcom and DTB!!! NSE has a lot of stocks trading below KES 10 (15 counters and counting) as the mauling continues. You can imagine what happens on the next down leg! Single digit price flood! Meanwhile June opens with NSE20 losing the 3800 handle and closes at 3799 for the day. Jan lows here we come! If the trading range (3700 - 4000) breaks down, I expect the forum (blue section) to experience posting winter as reality strikes with a thud! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#1787 Posted : Thursday, June 02, 2016 5:17:58 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,370 Location: Nairobi		@Hisah - The price is irrelevant, the value is relevant. A share trading at 10+ may be more valuable (PER, PB, etc) than one at below 10. Or vice versa. Compare Jubilee to KQ. Compare KK (at 11) to Kurwitu. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Spikes		#1788 Posted : Thursday, June 02, 2016 5:38:50 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		hisah wrote: Othelo wrote: hisah wrote: Sitting on cash while waiting for fatter discounts continues to be my strategy. The sooner NSE20 resolves the sideways action (3700 - 4000 range) up or down the better so that we can get moving. We are many in cash ........ we need a down ward move of about 7.5-12.5% to present discounts on some of the firms with sound fundees for me are Bamburi, I&M, Safcom and DTB!!! NSE has a lot of stocks trading below KES 10 (15 counters and counting) as the mauling continues. You can imagine what happens on the next down leg! Single digit price flood! Meanwhile June opens with NSE20 losing the 3800 handle and closes at 3799 for the day. Jan lows here we come! If the trading range (3700 - 4000) breaks down, I expect the forum (blue section) to experience posting winter as reality strikes with a thud! There must be a fierce battle. Discounts are offered now! Who knows, a rebound may start this month! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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instinct		#1789 Posted : Thursday, June 02, 2016 6:09:28 PM
Rank: Member Joined: 8/17/2007 Posts: 294		The NSE 20 Share Index was down 28.24 points to stand at 3799 ...coz of things like this....DTK 170.00 9.57% ▼
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Metasploit		#1790 Posted : Thursday, June 02, 2016 6:13:33 PM
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania		hisah wrote: Othelo wrote: hisah wrote: Sitting on cash while waiting for fatter discounts continues to be my strategy. The sooner NSE20 resolves the sideways action (3700 - 4000 range) up or down the better so that we can get moving. We are many in cash ........ we need a down ward move of about 7.5-12.5% to present discounts on some of the firms with sound fundees for me are Bamburi, I&M, Safcom and DTB!!! NSE has a lot of stocks trading below KES 10 (15 counters and counting) as the mauling continues. You can imagine what happens on the next down leg! Single digit price flood! Meanwhile June opens with NSE20 losing the 3800 handle and closes at 3799 for the day. Jan lows here we come! If the trading range (3700 - 4000) breaks down, I expect the forum (blue section) to experience posting winter as reality strikes with a thud! I saw a preview of blood today Co-op breaking a multi year support and almost breaking below 15 (15.50 was tested quite easily) No demand for KCB even at 37..35 looks an easy target KPLC caving.. ETC What surprises me is the resiliency of EABL,SAF and Bamburi..The real bell weathers!!! Saf has defended 17 with all strength but am watching it for the next two weeks!! “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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