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How to tell NSE has bottomed out
Rank: Hello Joined: 1/11/2014 Posts: 2
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innovator wrote:Metasploit wrote:abi2712 wrote:Any thoughts on kenGen, seems to be bottoming out at support (KES 12) RSI practically 0. Touched a low of 11.85.Testing the 11 levels. Buyers are still uninterested.Unless you want to ride the DCB like the Just ended Equity Bank bounce,this one looks like a falling knife in the short term. Space to watch  I don't see it as a DCB, I think the counter is a fundamental goldmine. Its aces if you compare it with KPLC, returns were impressive and the future looks good. I think the stock is just overwhelmed by heavy volume foreigners and panicked locals. BTW, any new rumours on the rights issue, date, price etc
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:From the look here i see there was lil or no excitement today. This thread is missing @mwekez@ji Niko @murchr. Am following with the some of the counters i bought last year. And yes, no much excitement nowadays with buys being very very scarce. These rights issue need to come ASAP!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Metasploit wrote:abi2712 wrote:Any thoughts on kenGen, seems to be bottoming out at support (KES 12) RSI practically 0. Touched a low of 11.85.Testing the 11 levels. Buyers are still uninterested.Unless you want to ride the DCB like the Just ended Equity Bank bounce,this one looks like a falling knife in the short term. I doubt Equity's case was a DCB. It is on the way to 40
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:From the look here i see there was lil or no excitement today. This thread is missing @mwekez@ji Niko @murchr. Am following with the some of the counters i bought last year. And yes, no much excitement nowadays with buys being very very scarce. These rights issue need to come ASAP! Am also waiting for that "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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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Now who spooked KenGen, when I was hoping it would deep further!!!! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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@SittingPretty;I did by saying the much talked about rights issue may not be held this year. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Wow..looks like centum will surely hit 100 soon
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Ericsson wrote:@SittingPretty;I did by saying the much talked about rights issue may not be held this year. Was reading myself for entry,but no supply!!!!! someone someone?? Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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this thing should be an investors long term after. rights. GDC is absorving some risks for kengen
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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@SittingPretty; Kenya Re @17.10 heading towards ksh.19+++ Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Hello Joined: 1/13/2014 Posts: 4
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Looks like the market is finally waking up to KenGen's potential, HAFR is limit up with no supply and massive demand at limit up price, clearly we're going to hit 7 tomorrow. Time to sell HAFR and buy KEGN?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:@SittingPretty;
Kenya Re @17.10 heading towards ksh.19+++ ... and the volumes its doing are something
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rich (Bullish) Today wrote:The Nairobi All Share snapped a 2 session Downdraft to close 0.10 points higher at 140.79.
The Nairobi All Share is +3.0296% in 2014 and 2nd best in Africa in 2014 after Egypt.
The Nairobi NSE20 Index firmed 5.85 points to close at 5023.05 and the Bulls will be looking for this Index to hold above 5,000.
Turnover was 686.001m versus 381.631m previously.
EABL, KCB, Equity Bank and Safaricom traded 69.006% of the Volume at the Securities Exchange.
There were 30 Winners and 16 Losers at the Securities Exchange confirming conditions underfoot remain constructive and the Bourse pointed higher.
I expect the Securities Exchange to make it a 3 Year Rally in 2014.
The Imminent Issue of the Dollar denominated Eurobond will release the Pressure Valve in the Domestic Bond market and we should see interest rates trend lower and this will be supportive.
the chap also has nice words for KenyaRe ;)
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Rich (Bullish) Today wrote:The Nairobi All Share snapped a 2 session Downdraft to close 0.10 points higher at 140.79.
The Nairobi All Share is +3.0296% in 2014 and 2nd best in Africa in 2014 after Egypt.
The Nairobi NSE20 Index firmed 5.85 points to close at 5023.05 and the Bulls will be looking for this Index to hold above 5,000.
Turnover was 686.001m versus 381.631m previously.
EABL, KCB, Equity Bank and Safaricom traded 69.006% of the Volume at the Securities Exchange.
There were 30 Winners and 16 Losers at the Securities Exchange confirming conditions underfoot remain constructive and the Bourse pointed higher.
I expect the Securities Exchange to make it a 3 Year Rally in 2014.
The Imminent Issue of the Dollar denominated Eurobond will release the Pressure Valve in the Domestic Bond market and we should see interest rates trend lower and this will be supportive.
the chap also has nice words for KenyaRe ;) Yeah caught his views on Kenya-Re "Kenya Re Leads Insurance Firms On Upward Move" http://allafrica.com/stories/201401140584.html
ION, a coincidence that the Japanese PM chose Abidjan to congregate his ECOWAS meet? ;-) visited Mozambique, lastly Ethiopia. That's pretty much Kenya-Re's footprint in Africa - ECOWAS, COMESA. http://www.tlcafrica.com...ni_ecowas_summit_1_2014
Random tweets: #ECOWAS expected to incur ave GDP growth rate of 7.1%, the highest on the continent outside of northern #Africa #InkermanGroup 8 nations of West African franc zone are planning debt issuance this year to raise XOF 2,97bn (USD 6.2bn). TBs, bonds, Eurobonds
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Rich (Bullish) Today wrote:The Nairobi All Share snapped a 2 session Downdraft to close 0.10 points higher at 140.79.
The Nairobi All Share is +3.0296% in 2014 and 2nd best in Africa in 2014 after Egypt.
The Nairobi NSE20 Index firmed 5.85 points to close at 5023.05 and the Bulls will be looking for this Index to hold above 5,000.
Turnover was 686.001m versus 381.631m previously.
EABL, KCB, Equity Bank and Safaricom traded 69.006% of the Volume at the Securities Exchange.
There were 30 Winners and 16 Losers at the Securities Exchange confirming conditions underfoot remain constructive and the Bourse pointed higher.
I expect the Securities Exchange to make it a 3 Year Rally in 2014.
The Imminent Issue of the Dollar denominated Eurobond will release the Pressure Valve in the Domestic Bond market and we should see interest rates trend lower and this will be supportive.
the chap also has nice words for KenyaRe ;) Me likey 
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Dont joke with satchu,he was very bullish on safcom and it has come to pass,so he cant be ignored. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mlennyma wrote:Dont joke with satchu,he was very bullish on safcom and it has come to pass,so he cant be ignored. I remember we discussed this at some point and he was rubbished...actually someone talked about he being like a piper being paid... possunt quia posse videntur
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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maka wrote:mlennyma wrote:Dont joke with satchu,he was very bullish on safcom and it has come to pass,so he cant be ignored. I remember we discussed this at some point and he was rubbished...actually someone talked about he being like a piper being paid... Yah, like how is he being paid, why does he have safaricom adverts on is webpage etc. cheap talk. Though @maka you also didnot believe in safcom! Thieves
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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@@SittingPretty; Kenya Re is going and going and going Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Ericsson wrote:@@SittingPretty;
Kenya Re is going and going and going Bid pressure is solid with some crazy foreign originated volumes. If this pressure is sustained,we shall see 24 # tempted to jump in
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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