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Safaricom FY 2016 results net profit up 19.6%
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hisah
#171 Posted : Wednesday, July 20, 2016 3:33:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Spikes wrote:
mlennyma wrote:
Safcom closes the day on a mad note



20bob may print before it comes down, ex dividend, with a bang!

@spikes, the other day I asked you a query and you never responded. If you sell your bellwether stocks, what will you buy? Treasurys (tbills or tbonds)? Fixed deposit (FD)? Real Estate?

Start seeing the market like a fund manager with loads of liquidity in equities...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#172 Posted : Wednesday, July 20, 2016 3:36:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
The bulls are nearly running out of energy after shafting the bears
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#173 Posted : Wednesday, July 20, 2016 4:13:15 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Metasploit wrote:
mlennyma wrote:
Safcom closes the day on a mad note


Closing price 18.20 Opening price 17.60

CLOSING DEMAND:TOTAL CLOSING 15M

19100 18.20
8000 18.10
924900 18.05
6312100 18.00
5005200 17.95

CLOSING SUPPLY:TOTAL SUPPLY 2M
499900 18.30
109800 18.40
3200 18.45
185400 18.50
18200 18.60

Demand has been strong and consistent from trade opening..watching how the price will behave tomorrow at the 18.40-18.60 levels (It was a supply point from the last cycle)

Yesterday and today's trade sessions have a combined turnover of KES 1B on heavy volume trades. 18.50 is key resistance. Are the bulls ready to breakout from this cage? Interesting action.


Im starting to see a lot of shiny make up in this rally. Which is bigger the rest of the market or safaricom. It will have to come down. this defying gravity cant last forever. can it? brother equity is obeying gravity. EABL,BAT, JUB the other resistant stocks
The investor's chief problem - and even his worst enemy - is likely to be himself
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murchr
#174 Posted : Wednesday, July 20, 2016 4:44:08 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
You're better off buying now and quit wishing.
"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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hisah
#175 Posted : Wednesday, July 20, 2016 5:40:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
hisah wrote:
Metasploit wrote:
mlennyma wrote:
Safcom closes the day on a mad note


Closing price 18.20 Opening price 17.60

CLOSING DEMAND:TOTAL CLOSING 15M

19100 18.20
8000 18.10
924900 18.05
6312100 18.00
5005200 17.95

CLOSING SUPPLY:TOTAL SUPPLY 2M
499900 18.30
109800 18.40
3200 18.45
185400 18.50
18200 18.60

Demand has been strong and consistent from trade opening..watching how the price will behave tomorrow at the 18.40-18.60 levels (It was a supply point from the last cycle)

Yesterday and today's trade sessions have a combined turnover of KES 1B on heavy volume trades. 18.50 is key resistance. Are the bulls ready to breakout from this cage? Interesting action.


Im starting to see a lot of shiny make up in this rally. Which is bigger the rest of the market or safaricom. It will have to come down. this defying gravity cant last forever. can it? brother equity is obeying gravity. EABL,BAT, JUB the other resistant stocks

Mpesa bank exdiv should be a key directional pointer. If it holds the 12.50 - 15.00 support zone until H1 release, the bulls will finish the year with their noses high.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#176 Posted : Wednesday, July 20, 2016 5:50:18 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
murchr wrote:
You're better off buying now and quit wishing.

buying safcom past 18 needs alot of boldness hoping to sell at 25-30 many stocks will double their price before safcom doubles its current 18bob price
"Don't let the fear of losing be greater than the excitement of winning."
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Sufficiently Philanga....thropic
#177 Posted : Wednesday, July 20, 2016 6:08:22 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
I like the volumes story.
For those who didn't bail out at 18.70( where demand was solid), watch out for this level in this current run.
@SufficientlyP
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Aguytrying
#178 Posted : Wednesday, July 20, 2016 6:13:46 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
murchr wrote:
You're better off buying now and quit wishing.


Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini.
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Wednesday, July 20, 2016 6:16 PM | Reason: Not specified
Metasploit
#179 Posted : Wednesday, July 20, 2016 6:16:32 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Sufficiently Philanga....thropic wrote:
I like the volumes story.
For those who didn't bail out at 18.70( where demand was solid), watch out for this level in this current run.


Of the 448M turnover,440M was foreign buys.

The foreign sale was 144M,meaning its the locals supplying the demand.

Point of correction;
Closing demand is 20M against 1M


“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#180 Posted : Wednesday, July 20, 2016 6:26:30 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
If the foreigners continue pushing the pedal and the local providing the supply,the share will still have some headroom as the supply will be diminishing against demand..

Large traded volumes means a good volume of supply is always absorbed by demand..Diminish this demand and the path of least resistant will change to down.
I noted some weakness at 17 during the last correction cycle

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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