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CO - OP BANK RALLY
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The Merchant
#1 Posted : Tuesday, June 22, 2010 12:53:30 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Hello there guys...How long do you think the co- op rally will last. The RSI is above 70 which indicates it is overbought but this does not seem to stop its relentless rise. I suspect the fact that it is a penny stock makes it very fashionable and affordable which will push the price further up. However, an opinion from you guys would be appreciated. Thanks.
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qw25041985
#2 Posted : Tuesday, June 22, 2010 2:17:49 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
This stock 'll rise upto the time they release their much awaited results.so price wise about 17 to 18 /=
Your future depends on your dreams so go to sleep !
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The Merchant
#3 Posted : Tuesday, June 22, 2010 2:29:14 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
@qw...so you recommend it as a buy, technically though it seems like a wait and see/sell dont you agree? I know you use technical analysis.
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the deal
#4 Posted : Tuesday, June 22, 2010 2:39:30 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
qw25041985 wrote:
This stock 'll rise upto the time they release their much awaited results.so price wise about 17 to 18 /=

Applause Applause Applause the charts are verry bullishh...i ignored this one...nice pick hommie...
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qw25041985
#5 Posted : Tuesday, June 22, 2010 3:00:35 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@The Merchant .where have you been.i cannt recommend a buy now probably some weeks ago.I amnt really sure when the profittakers 'll set in and spoil the party.

I recommended SCan Group and now its down .It beats all logic surelllllllllyyyyyyyyyy!!!!!!!!!!!!! Results for second quater are under way and its goin down ????? I expect it to rise. and for those who though i was crazy recommendin some Access kenya sometime ago i'll be laughing all the way to the bank with my little profit...eehehehehe

happy investin
Your future depends on your dreams so go to sleep !
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The Merchant
#6 Posted : Tuesday, June 22, 2010 3:31:08 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
@qw, actually i bought co-op at 9.8 just wondering whether to add more onto my humble portfolio. Looks like you have the same concern as I do. Lets wait and see...How I wish one could short sell in this market!
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sparkly
#7 Posted : Tuesday, June 22, 2010 4:29:46 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
qw25041985 wrote:
@The Merchant .where have you been.i cannt recommend a buy now probably some weeks ago.I amnt really sure when the profittakers 'll set in and spoil the party.

I recommended SCan Group and now its down .It beats all logic surelllllllllyyyyyyyyyy!!!!!!!!!!!!! Results for second quater are under way and its goin down ????? I expect it to rise. and for those who though i was crazy recommendin some Access kenya sometime ago i'll be laughing all the way to the bank with my little profit...eehehehehe

happy investin


I think access will swing between 17-20 for a while... until they publish the next 1/2 year set of results.
Life is short. Live passionately.
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