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Madness at the NSE

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lochaz-index		#2061 Posted : Friday, February 28, 2020 10:36:47 AM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		Sufficiently Philanga....thropic wrote: We are waiting for The Donald to wake up.....in store for us, after that huge 4 digit figure sell off on the Dow.......is a plethora of Tweets..This should keep us going through the fire. Closer home, today, we slide below 2360 at the NSE20 .........in the absence of any positive news on the Corona virus. Early action on the NSE isn't encouraging for the bulls. The main purpose of the stock market is to make fools of as many people as possible.
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lochaz-index		#2062 Posted : Friday, February 28, 2020 10:42:44 AM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		FUNKY wrote: https://www.firstpost.com/business/sensex-sinks-1083-85-points-in-opening-session-amid-global-selloff-nifty-tanks-312-points-over-rs-5-lakh-cr-investor-wealth-wiped-off-8096571.html?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20News&utm_content=&utm_term= Nifty and sensex have both had a multi year bull charge in similar fashion to US market. With the Indian economy slowing down for three years back to back a correction was in order. Religious and civil tension in the country will only exacerbate the pounding. The more promising long plays are in the Chinese market...the irony. Shanghai composite has been tanking since 2015 and will bottom out faster than most markets. The main purpose of the stock market is to make fools of as many people as possible.
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watesh		#2063 Posted : Friday, February 28, 2020 11:11:47 AM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		Bank stocks on a free fall....demand is drying up
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winmak		#2064 Posted : Friday, February 28, 2020 11:16:46 AM
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru		watesh wrote: Bank stocks on a free fall....demand is drying up Come baby come... COOP at 13.1 booked For investors as a whole, returns decrease as motion increases ~ WB
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watesh		#2065 Posted : Friday, February 28, 2020 11:25:07 AM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		winmak wrote: watesh wrote: Bank stocks on a free fall....demand is drying up Come baby come... COOP at 13.1 booked KCB down to 44.50, Equity down to 46, NCBA down to 31, I&M down to 50
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Ericsson		#2066 Posted : Friday, February 28, 2020 11:28:28 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		winmak wrote: watesh wrote: Bank stocks on a free fall....demand is drying up Come baby come... COOP at 13.1 booked Still room for further fall next week Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#2067 Posted : Friday, February 28, 2020 12:26:39 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		xtina wrote: xtina wrote: lochaz-index wrote: xtina wrote: lochaz-index wrote: xtina wrote: I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. Nimetoka, wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good It seems I did make good decision after all, offloaded 90% of my shares at peak price then and buy early 2020. Glad to see shares retracting and looking very attractive. Shida ni sina pesa . Very good prices now 27th Feb: 1. Centum 25.55 2. Safcom 28.10 (but should really go lower)--Goes below 28 in trading today. 3. Equity 48 Check the plunge on Equity share price today 4 KCB 46.5 (I can't believe it's even lower than Equity but I won't buy KCB) 5. NCBA 35.00 6. I$M 50 7 BAT 490 (I hope it goes lower). Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Sufficiently Philanga....thropic		#2068 Posted : Friday, February 28, 2020 5:08:50 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 @SufficientlyP
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Sufficiently Philanga....thropic		#2069 Posted : Friday, February 28, 2020 5:12:21 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		VituVingiSana wrote: Sufficiently Philanga....thropic wrote: September 2019 low of 2420 taken out. NSE20 prints 2410..... 50 points shy of March 2009 GFC low of 2360 The Lost Decade for the NSE. Without Safaricom, would we be looking at 2,000 or lower? Praying we don't lose this one as well. @SufficientlyP
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Ericsson		#2070 Posted : Friday, February 28, 2020 5:27:53 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Sufficiently Philanga....thropic wrote: NSE20 finally loses the 11 year 2360 support after a 72 point haircut today. Closed at 2337 RSI on the monthly chart slides below 30 Now we need to look at specific counters,the lows they will hit. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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