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CIC FY 2013 results not that good
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. Been a long and difficult fight..bulls taking over 8 level. Next supply point 8.50
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. Been a long and difficult fight..bulls taking over 8 level. Next supply point 8.50 Wow! 8.20 has traded. Behaving like mpesa bank when it broke down very stubborn multi-yr resistance @7.50 and has rocketed ever since...
Btw have you been keeping an eye on EABL as it tries to stay afloat the 220 - 260 range. If this level (multi yr support) breaks down, it will fall off a cliff!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I do not understand the psychological valuation of Stocks..
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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streetwise wrote:I do not understand the psychological valuation of Stocks.. 
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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muganda wrote:streetwise wrote:I do not understand the psychological valuation of Stocks.. Touche! Seeing is believing
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. Been a long and difficult fight..bulls taking over 8 level. Next supply point 8.50 Wow! 8.20 has traded. Behaving like mpesa bank when it broke down very stubborn multi-yr resistance @7.50 and has rocketed ever since...
Btw have you been keeping an eye on EABL as it tries to stay afloat the 220 - 260 range. If this level (multi yr support) breaks down, it will fall off a cliff! 270 is indeed a tough resistance and after last week sell off ,shorterm support remains at 260.It will be interesting to watch the 5 year support breakdown at 230. @Hisah The volume in Sep 2012 was VERY HIGH..How really low will it go when this happens ?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Mukiri wrote:Metasploit wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. I have played it thrice since you hinted at the buy signal at the 4.7 level #Many Thanks @Hisah, Even I say 'Thank you' For a minute there I'd doubted your 8 - 8.30 prediction. You were silent went it began going on reverse immediately after the results. Asi! And my broker wonders
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Madness at this corner!!! Yaani these bulls are seriously going for the fibo extension levels?!? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Crazy rally debunked - http://www.businessdaily...6/-/27r6pl/-/index.html
I can see BD is back online and profusely apologetic to the online netizens. Btw CIC listing price was 3.50, not 4.50 as quoted in the article. Yet again we pick up from where we left, ranting coz of inaccurate details. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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To all the doubting thomases CIC is now at 8.90. After the bonus issue doubt the counter will go below ksh.8 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Bulls indeed taking out all my projected TA fibo levels!!! Madness here... @metaspoilt - are you watching this bullish fight? As for EABL, that 2012 vol spike is what is guarding that 220 - 260 support zone. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Bulls indeed taking out all my projected TA fibo levels!!! Madness here...
@metaspoilt - are you watching this bullish fight? As for EABL, that 2012 vol spike is what is guarding that 220 - 260 support zone. I need to learn the Fibo thing! script played exactly to your point Real madness!!! when is the book closure for bonus shares ?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:hisah wrote:Bulls indeed taking out all my projected TA fibo levels!!! Madness here...
@metaspoilt - are you watching this bullish fight? As for EABL, that 2012 vol spike is what is guarding that 220 - 260 support zone. I need to learn the Fibo thing! script played exactly to your point Real madness!!! when is the book closure for bonus shares ?
CIC - 1st & Final Dividend: 0.10/= • Books close: 24-Jun-14 • Payment: 18-Jul-14
Minus holidays and weekends, 48 trading days remain till book closure on 24/6/2014.
@stockhunter - umenyamaza sana. Hope you took your profits 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 3/19/2014 Posts: 17
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Am looking at a longhaul on this one. Adding more on Monday. whats ur take Hisah
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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MjasriaMali wrote:Am looking at a longhaul on this one. Adding more on Monday. whats ur take Hisah Kenya RE & CFCI have the best fundamentals at the moment compared to CIC. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/16/2014 Posts: 114
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hisah wrote:Metasploit wrote:hisah wrote:Bulls indeed taking out all my projected TA fibo levels!!! Madness here...
@metaspoilt - are you watching this bullish fight? As for EABL, that 2012 vol spike is what is guarding that 220 - 260 support zone. I need to learn the Fibo thing! script played exactly to your point Real madness!!! when is the book closure for bonus shares ?
CIC - 1st & Final Dividend: 0.10/= • Books close: 24-Jun-14 • Payment: 18-Jul-14
Minus holidays and weekends, 48 trading days remain till book closure on 24/6/2014.
@stockhunter - umenyamaza sana. Hope you took your profits
@Hisah, thank you so much I took out my capital and some profits @ 8.50 and am keenly watching CFCI and kenol Kobil. But first I joined a 'ponzi Scheme' with the profits from CIC. Am waiting for 20 working days to Elapse I get back to the market with PONZI money. Thanks for checking on how am doing. fear makes people live a miserable life.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Rank: Member Joined: 1/16/2014 Posts: 114
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hahaha The balance of CIC share I have are free shares so I don't mind having the for life. fear makes people live a miserable life.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:MjasriaMali wrote:Am looking at a longhaul on this one. Adding more on Monday. whats ur take Hisah Kenya RE & CFCI have the best fundamentals at the moment compared to CIC. True dat! "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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