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Madness at the NSE
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wukan
#1981 Posted : Thursday, February 20, 2020 3:39:58 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,652
sparkly wrote:
mkate_nusu wrote:
Extraterrestrial wrote:
RENEWED BEAR. WE WILL BREAK 18 YEAR LOW AGAIN ON NSE20 IT SEEMS. THIS IS UNPRECEDENTED IN MODERN TIMES.

I fully concur with you @Extraterrestrial


I doubted @Mnandii predictions but they might just come to pass.


@Lochaz is the one who is on this bear trade @Mnandii says we will not break the lows.
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Angelica _ann
#1982 Posted : Thursday, February 20, 2020 8:09:42 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
wukan wrote:
sparkly wrote:
mkate_nusu wrote:
Extraterrestrial wrote:
RENEWED BEAR. WE WILL BREAK 18 YEAR LOW AGAIN ON NSE20 IT SEEMS. THIS IS UNPRECEDENTED IN MODERN TIMES.

I fully concur with you @Extraterrestrial


I doubted @Mnandii predictions but they might just come to pass.


@Lochaz is the one who is on this bear trade @Mnandii says we will not break the lows.




@Mdandii's predictions are awesome, waiting for them to happen patiently.
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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lochaz-index
#1983 Posted : Friday, February 21, 2020 10:53:09 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Extraterrestrial wrote:
RENEWED BEAR. WE WILL BREAK 18 YEAR LOW AGAIN ON NSE20 IT SEEMS. THIS IS UNPRECEDENTED IN MODERN TIMES.

18 year low on the NSE20 is 1000 points in 2002. We are yet to break the 11 year GFC low of 2360 in 2009. Then there is the small matter of the September 2019 low of 2419.
The main purpose of the stock market is to make fools of as many people as possible.
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lochaz-index
#1984 Posted : Friday, February 21, 2020 10:56:04 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
wukan wrote:
sparkly wrote:
mkate_nusu wrote:
Extraterrestrial wrote:
RENEWED BEAR. WE WILL BREAK 18 YEAR LOW AGAIN ON NSE20 IT SEEMS. THIS IS UNPRECEDENTED IN MODERN TIMES.

I fully concur with you @Extraterrestrial


I doubted @Mnandii predictions but they might just come to pass.


@Lochaz is the one who is on this bear trade @Mnandii says we will not break the lows.



We might get answer on that as soon as next month. I'm still in favor of a continued sell-off that breaches both support levels (2419 & 2360).
The main purpose of the stock market is to make fools of as many people as possible.
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rwitre
#1985 Posted : Friday, February 21, 2020 11:01:14 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
NSE is being held up by Safaricom and like 3 banks. Laughing out loudly Laughing out loudly

Hii 2020 tutaumia
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tkzee
#1986 Posted : Friday, February 21, 2020 11:41:42 AM
Rank: Member

Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
rwitre wrote:
NSE is being held up by Safaricom and like 3 banks. Laughing out loudly Laughing out loudly

Hii 2020 tutaumia


Let's hope that there will be renewed activity with banks releasing FY19 results next month. On the other hand, who is selling NMG@30?
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Angelica _ann
#1987 Posted : Friday, February 21, 2020 11:52:26 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
lochaz-index wrote:
wukan wrote:
sparkly wrote:
mkate_nusu wrote:
Extraterrestrial wrote:
RENEWED BEAR. WE WILL BREAK 18 YEAR LOW AGAIN ON NSE20 IT SEEMS. THIS IS UNPRECEDENTED IN MODERN TIMES.

I fully concur with you @Extraterrestrial


I doubted @Mnandii predictions but they might just come to pass.


@Lochaz is the one who is on this bear trade @Mnandii says we will not break the lows.



We might get answer on that as soon as next month. I'm still in favor of a continued sell-off that breaches both support levels (2419 & 2360).


I have done my back of envelope calculations and i with you, the further drop is still coming and we will go below the 2 support levels in 2020. We keep watch and updating each other.
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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xtina
#1988 Posted : Friday, February 21, 2020 12:11:57 PM
Rank: Member

Joined: 6/26/2008
Posts: 399
Angelica _ann wrote:
lochaz-index wrote:
wukan wrote:
sparkly wrote:
mkate_nusu wrote:
Extraterrestrial wrote:
RENEWED BEAR. WE WILL BREAK 18 YEAR LOW AGAIN ON NSE20 IT SEEMS. THIS IS UNPRECEDENTED IN MODERN TIMES.

I fully concur with you @Extraterrestrial


I doubted @Mnandii predictions but they might just come to pass.


@Lochaz is the one who is on this bear trade @Mnandii says we will not break the lows.



We might get answer on that as soon as next month. I'm still in favor of a continued sell-off that breaches both support levels (2419 & 2360).


I have done my back of envelope calculations and i with you, the further drop is still coming and we will go below the 2 support levels in 2020. We keep watch and updating each other.


Oh dear lord. But as they say, when there is blood in the streets....lakini sina pesa
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xtina
#1989 Posted : Friday, February 21, 2020 12:18:52 PM
Rank: Member

Joined: 6/26/2008
Posts: 399
tkzee wrote:
rwitre wrote:
NSE is being held up by Safaricom and like 3 banks. Laughing out loudly Laughing out loudly

Hii 2020 tutaumia


Let's hope that there will be renewed activity with banks releasing FY19 results next month. On the other hand, who is selling NMG@30?


From experience these tend to be temporary mini-rallies before resuming their downtrend
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young
#1990 Posted : Friday, February 21, 2020 12:18:57 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Fy 2019 earning reports will start to trickle in a couple of days from 1st March.

My take is that this will excite the market and create some temporary bullish trend up to end of April 2020.

From May 2020 the market will start to loose steam ex dividends so bearishness will set it.
The market may recover some lost ground in some counters if Q1 2020 is favourable and assumed good earning reports from the market big ticket counter Safaricom.



https://www.businessdail...3712-xo3oglz/index.html
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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