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Madness at the NSE
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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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. True the wazuan spirit Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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xtina wrote: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 Buy when there is blood on the streets? Well, yes but there are caveats...Under Jubilee: 1. Rallies are short lived and fizzle out into slow bear declines (death by a thousand cuts). Those fond of selling high and then "buying it back lower" will get trapped 2. Most counters except Safarcom, KCB, Equity and COOP are in multi year bears and the prevailing trend is lower highs and lower lows. However, the short quick rallies characteristic of the Jubilee era can give humongous gains if the falling knife is caught deftly. However, these speculative rallies are capped at 100% and some of these stocks are down over 70% from recent highs.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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xtina wrote: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 Acha nianze kutafuta to pick counter at cheap prices. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,653
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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). Depends on the coronavirus, I get the feeling central bankers might overreact and flood liquidity lifting all boats.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Very interesting discussion going on here. Other factors held constant(coronavirus impact and the US elections), the get out of jail meal will be served from early next month when Banks start reporting FY19. Safcom, the bellwether stock has hit a dead end for now at the 33 levels, twice in a month, while member and simba have faced strong headwinds at the 55 level. On the international scene, the 2020 US elections shall see the mother of all battles, battle royale, with china fielding its candidate, Mike Bloomberg to face off with Russia's 2016 candidate Donald Trump. Remember the Dems played the Stock Market card in 2008 to get into power. Will they use Mike this time? Let's see how the Dow performs as we head into the elections. The dollar has been gaining vs other currencies in the wake of this coranavirus threat and this, coupled with our weak economy saddled with huge debts and a possible referendum around the corner will have an adverse effect on the NSE. Investor should consider selective entry in the many dips that will show up this year at the NSE. @SufficientlyP
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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But we should also remember the market is generally irrational. It goes anti masses and leaves people at the stage or holding monkeys. Let us woke and keep watch. 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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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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wukan 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). Depends on the coronavirus, I get the feeling central bankers might overreact and flood liquidity lifting all boats. The goose is cooked internationally for Q1. Even if there isn't a single new infection of the virus, Q1 is in the dumps for most jurisdictions. The impact so far on supply chains, tourism, consumerism/retail, air traffic/shipping can't be undone. For starters, shave about 1-2% of China, Japan is a dead on certainty to hit a recession,Germany and its dependence on UK and China for its automobile industry is in trouble by proxy. Hong Kong will look to extend its recessary trend from 2019, Singapore and South Korea have also slowed down and underestimated their preparedness to combat the virus. Seems only the US is holding out. As for CBs they are tapped out. The fed has its hands full with the repo crisis, the less said about ECB and BoJ the better...just have a peek at the euro and yen, it is a bloodbath. That leaves the only the PBoC to dyke the dam which is a a tall order considering they will be the worst hit by the virus. Central planning has had a good run with QE and other financial engineering programs but time is almost up for their gigs. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:Very interesting discussion going on here.
Other factors held constant(coronavirus impact and the US elections), the get out of jail meal will be served from early next month when Banks start reporting FY19.
Safcom, the bellwether stock has hit a dead end for now at the 33 levels, twice in a month, while member and simba have faced strong headwinds at the 55 level.
On the international scene, the 2020 US elections shall see the mother of all battles, battle royale, with china fielding its candidate, Mike Bloomberg to face off with Russia's 2016 candidate Donald Trump.
Remember the Dems played the Stock Market card in 2008 to get into power. Will they use Mike this time? Let's see how the Dow performs as we head into the elections.
The dollar has been gaining vs other currencies in the wake of this coranavirus threat and this, coupled with our weak economy saddled with huge debts and a possible referendum around the corner will have an adverse effect on the NSE.
Investor should consider selective entry in the many dips that will show up this year at the NSE.
NSE20 might catch a break if the USD bull unwinds. For now however it doesn't look good. Waiting to see how safcom behaves once the GFC low of 2360 is broken then I line up my shorts. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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lochaz-index wrote:Sufficiently Philanga....thropic wrote:Very interesting discussion going on here.
Other factors held constant(coronavirus impact and the US elections), the get out of jail meal will be served from early next month when Banks start reporting FY19.
Safcom, the bellwether stock has hit a dead end for now at the 33 levels, twice in a month, while member and simba have faced strong headwinds at the 55 level.
On the international scene, the 2020 US elections shall see the mother of all battles, battle royale, with china fielding its candidate, Mike Bloomberg to face off with Russia's 2016 candidate Donald Trump.
Remember the Dems played the Stock Market card in 2008 to get into power. Will they use Mike this time? Let's see how the Dow performs as we head into the elections.
The dollar has been gaining vs other currencies in the wake of this coranavirus threat and this, coupled with our weak economy saddled with huge debts and a possible referendum around the corner will have an adverse effect on the NSE.
Investor should consider selective entry in the many dips that will show up this year at the NSE.
NSE20 might catch a break if the USD bull unwinds. For now however it doesn't look good. Waiting to see how safcom behaves once the GFC low of 2360 is broken then I line up my shorts. Safcom the bellweather of NSE Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Extraterrestrial wrote:xtina wrote: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 Buy when there is blood on the streets? Well, yes but there are caveats...Under Jubilee: 1. Rallies are short lived and fizzle out into slow bear declines (death by a thousand cuts). Those fond of selling high and then "buying it back lower" will get trapped 2. Most counters except Safarcom, KCB, Equity and COOP are in multi year bears and the prevailing trend is lower highs and lower lows. However, the short quick rallies characteristic of the Jubilee era can give humongous gains if the falling knife is caught deftly. However, these speculative rallies are capped at 100% and some of these stocks are down over 70% from recent highs. The cold/flu is catching up with them going by closing prices on Friday 21 February --Equity bank is at below 50 --Co-op bank is at below 15 --Safaricom is at below 30 --KCB we shall see next week if it will go below 50 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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