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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sober wrote:You tell the NSE has bottoned up when mwanahisa has nothing to say, market turnover goes up and the index breaks a new barrier. i am confused on what to believe as i have been thing for the last 2 months that we have hit the rock bottom. Sober, an increase in turnover to a paltry 134M (USD 1.4M) is nothing to write home about. And as hisah has said "3500 handle is proving to be slippery"
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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If all counters were teaming with safcom we would be past 3600,banks are more disapointing and i wish to see their prices when index lands to 3000 . "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:youcan'tstopusnow wrote:Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86 So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama?  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:hisah wrote:youcan'tstopusnow wrote:Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86 So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama? Not a double top yet. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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hisah wrote:youcan'tstopusnow wrote:hisah wrote:youcan'tstopusnow wrote:Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86 So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama? Not a double top yet. @ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void. Huge sell volume on equity and all the banks .This inflation is really screwing us ...
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Yes equity bank has a sell order of 4,066,600 shares with a demand of only 649,900 shares. The downfall in the price of equity is also looking dangerous for the share price of HFCK.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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QW25081985 wrote:hisah wrote:youcan'tstopusnow wrote:hisah wrote:youcan'tstopusnow wrote:Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86 So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama? Not a double top yet. @ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void. Huge sell volume on equity and all the banks .This inflation is really screwing us ... QW - Your double bottom description is vague. How do you double bottom if you break the initial bottom without a rebound instead? http://www.investopedia....bottom.asp#axzz1YgQGOtGW$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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Britank - still untanking... closes today @6.45 up 8.4% on volume fumes I want to see if the PPT will manage to take it back to 9/- That will be an interesting CFCI inverse reverse. Do not under-estimate the 'powers' of PPT. Indeed banks have interesting supply side... Kenol, supply building up and moves 7M shares today. Such volumes appeared in July and 12/- became 10/- $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I coming down again folks, this time with KENOL KOBIL...... The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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hisah wrote:QW25081985 wrote:hisah wrote:youcan'tstopusnow wrote:hisah wrote:[quote=youcan'tstopusnow]Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86 So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama? Not a double top yet. @ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void. Huge sell volume on equity and all the banks .This inflation is really screwing us ... QW - Your double bottom description is vague. How do you double bottom if you break the initial bottom without a rebound instead? http://www.investopedia....ottom.asp#axzz1YgQGOtGW[/quote] WOW !!!!!!!!!!!!!!!!!!!! hold it right there . have you even looked at your charts ..i dnt need theories . am a technical guy Let the chart speak to you and LISTEN !!!!!!!!!!!!! . change to 5Yr for clarity http://www.bloomberg.com...quote?ticker=KNSMIDX:IND
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:I coming down again folks, this time with KENOL KOBIL...... Got KK @10.05 jana. Let's see who's smarter now
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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KGN & KPLC release today ama? Woii!! When the former announces a good div. i'll b happy coz OTW i'll get screwed!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@QW - like @deal says you can be funny & annoying at the same time. Read what you replied to @youcant about the d bottom. $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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Cde Monomotapa wrote:KGN & KPLC release today ama? Woii!! When the former announces a good div. i'll b happy coz OTW i'll get screwed!!!! Investing on faith and hope that the kengen fx loan losses are profits...Ouch.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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QW25081985 wrote:hisah wrote:QW25081985 wrote:hisah wrote:youcan'tstopusnow wrote:[quote=hisah][quote=youcan'tstopusnow]Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86 So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop. You guys call it a double top, ama? Not a double top yet. @ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void. Huge sell volume on equity and all the banks .This inflation is really screwing us ... QW - Your double bottom description is vague. How do you double bottom if you break the initial bottom without a rebound instead? http://www.investopedia....ottom.asp#axzz1YgQGOtGW[/quote] WOW !!!!!!!!!!!!!!!!!!!! hold it right there . have you even looked at your charts ..i dnt need theories . am a technical guy Let the chart speak to you and LISTEN !!!!!!!!!!!!! . change to 5Yr for clarity http://www.bloomberg.com...uote?ticker=KNSMIDX:IND[/quote] OH. i see where the problem is i MEANT DOUBLE TOP. My bad ...lol
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Cde Monomotapa wrote:KGN & KPLC release today ama? Woii!! When the former announces a good div. i'll b happy coz OTW i'll get screwed!!!! KENGEN is about to release results ???????????? really !!!!!!!!!! and its hitting all time lows ??????? WOW . atleast i expect a ka small rally in kplc ...
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:KGN & KPLC release today ama? Woii!! When the former announces a good div. i'll b happy coz OTW i'll get screwed!!!! Investing on faith and hope that the kengen fx loan losses are profits...Ouch. LoL!! A H1 66% growth in unit sales should hedge that. Pple have been so caught up on the hydro that they forgot about the latest 120MW Kipevu thermal. Hahaha... Suckerrs! Lipeni stima. My big picture is still carbon credit earnings and that will be a good FX earner/hedge going-forward. The dividends I earn in the interim are just waiting fees
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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If Mumias can earn a 100M in C.Credits from a paltry 35MW plant which is more or less 50% available at any one time...then it is only logical that KGN will earn a lot more from its mega geo-thermal & wind plants...just selling AIR! LoL! What a racket.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:KGN & KPLC release today ama? Woii!! When the former announces a good div. i'll b happy coz OTW i'll get screwed!!!! Investing on faith and hope that the kengen fx loan losses are profits...Ouch. LoL!! A H1 66% growth in unit sales should hedge that. Pple have been so caught up on the hydro that they forgot about the latest 120MW Kipevu thermal. Hahaha... Suckerrs! Lipeni stima. My big picture is still carbon credit earnings and that will be a good FX earner/hedge going-forward. The dividends I earn in the interim are just waiting fees never trade in a sideways market, is what im learning from KenGen. At this rate i might give up speculating all together..............Naaaaaaaaa. just kidding. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Cde Monomotapa wrote:Aguytrying wrote:I coming down again folks, this time with KENOL KOBIL...... Got KK @10.05 jana. Let's see who's smarter now It doesn't matter as much who is smarter now, as it does who will be richer then. We can all be winners The investor's chief problem - and even his worst enemy - is likely to be himself
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