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mlennyma
#381 Posted : Friday, September 12, 2014 11:34:33 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Dont ask for fundamentals when demand and supply forces take charge,even emotions constitute part of business,even houses in nairobi are not worth the sky prices they are sold at.
"Don't let the fear of losing be greater than the excitement of winning."
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Goldilocks Reloaded
#382 Posted : Friday, September 12, 2014 11:41:24 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
Foreigners exiting heavily. At 85% of the selling activity.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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ecstacy
#383 Posted : Friday, September 12, 2014 11:59:52 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
mlennyma wrote:
Dont ask for fundamentals when demand and supply forces take charge,even emotions constitute part of business,even houses in nairobi are not worth the sky prices they are sold at.


...and what is driving those emotions?..
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shrewdinvestor
#384 Posted : Friday, September 12, 2014 12:02:52 PM
Rank: Member

Joined: 9/12/2014
Posts: 120
Location: Nyali
I have been watching wazua for the past 2 months.I have decided to become a full member today.I have made my first ever good profit from NSE and have decided to go back again @ 21.50..riding the bull till the end.Pray
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hisah
#385 Posted : Friday, September 12, 2014 12:08:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Since listing on 9/9/2014 the rally has been on gap ups.

Listing day gain - 71.58% - Closed @16.30
Day 1 gain - 9.51% - Closed @17.85
Day 2 gain - 9.80% - Closed @19.60
Day 3 - current gain - 9.69% - current VWAP @21.50

The issue such price movement whether on gap up or gap down is they offer no support or no resistance respectively. Thus why gaps get filled swiftly/rapidly both up or down to seal that vacuum.

Those gap ups will get filled and for those caught at the reversal turn...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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bartum
#386 Posted : Friday, September 12, 2014 12:24:43 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
shrewdinvestor wrote:
I have been watching wazua for the past 2 months.I have decided to become a full member today.I have made my first ever good profit from NSE and have decided to go back again @ 21.50..riding the bull till the end.Pray

take care same first profit may be wiped again
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mnandii
#387 Posted : Friday, September 12, 2014 12:30:20 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
Since listing on 9/9/2014 the rally has been on gap ups.

Listing day gain - 71.58% - Closed @16.30
Day 1 gain - 9.51% - Closed @17.85
Day 2 gain - 9.80% - Closed @19.60
Day 3 - current gain - 9.69% - current VWAP @21.50

The issue such price movement whether on gap up or gap down is they offer no support or no resistance respectively. Thus why gaps get filled swiftly/rapidly both up or down to seal that vacuum.

Those gap ups will get filled and for those caught at the reversal turn...

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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ecstacy
#388 Posted : Friday, September 12, 2014 12:32:37 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
This thing reminds me of Equity bank share in 2010 I think. Stellar stock. Rode from 120 to 150 then disembarked. Darn thing kept going up, nay rocketing! Got tempted, returned at 280 and 316 on share split rumor just for the foreigners to lead by example in selling till the think tanked to 110 then 90 in even more record time! Learnt my lesson on greed :) Everyone has there's..
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  | | Edit by user: Friday, September 12, 2014 12:39 PM | Reason: Not specified
VituVingiSana
#389 Posted : Friday, September 12, 2014 1:10:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
kryptonite wrote:
hisah wrote:
This article has nice info at the end, but some glaring mistake on the NSE share float. Such misinfo is an embarrassment.

Is it that BD reporters ignore some facts or just bogus reporters! The mistakes have been increasing this year. Anyone else noticed this? May be wazua starts a counter tracking the articles and reporters misinfo then find out the top 5 culprits. From a biz perspective maybe wazua can start a biz news channel. Awesome opportunity that will trounce BD flat out.

http://www.businessdaily.../-/9q4seaz/-/index.html


Chief, you read my mind. I've also noticed this. Complacency, in my opinion, due to lack of competition is to blame. A serious rival channel should serve as a wake up call
BD doesn't care.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mastermind
#390 Posted : Friday, September 12, 2014 1:59:25 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
VituVingiSana wrote:
kryptonite wrote:
hisah wrote:
This article has nice info at the end, but some glaring mistake on the NSE share float. Such misinfo is an embarrassment.

Is it that BD reporters ignore some facts or just bogus reporters! The mistakes have been increasing this year. Anyone else noticed this? May be wazua starts a counter tracking the articles and reporters misinfo then find out the top 5 culprits. From a biz perspective maybe wazua can start a biz news channel. Awesome opportunity that will trounce BD flat out.

http://www.businessdaily.../-/9q4seaz/-/index.html


Chief, you read my mind. I've also noticed this. Complacency, in my opinion, due to lack of competition is to blame. A serious rival channel should serve as a wake up call
BD doesn't care.

Cc. to standard group. Lool
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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