Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Sufficiently Philanga....thropic wrote:NSE sheds 35.67 points to settle at 3510.65 points.
Another loss at the NSE tomorrow and we will be below 3,500 points, where we've been out of since Jan 18th 2010!19 months gains look all set to be wiped out!
@Hisah, what say you? By Friday we will know if last week's bounce had legs or not. I noticed a lot of counters did not trade today.
Seems like Ocampo has spooked the top brass 9 days before the hearing start on Sept 1st. This can easily create uneven reaction as @erifloss puts it. In Europe things are still foggy and with the forex markets being almost stationary, that is not a good sign for risk appetite.
Anyhow, the lower the market, the better the fat-tail  It's Wednesday & NSE is below the last 2 Fridays lows. The bounce has no legs and the thin volume is making the slid very slippery. With britak listing just a week away, those investors had better pray for some serious divine intervention.
NSE has now spent months with RSI in oversold levels for many weeks. Dec 2008 - March 2009 was dicey, but since April 2011 to date, investors have indeed been squeeze dry than back then and it doesn't look like panic central is done yet!?
@Liv - Qw answered your query.
@youcant - KCB @20. Watch that 19.50. While Sasini is aiming above 11.30. Wacha tuone...
Member surpasses my decline target of 20 & closes @19.95. Eh, things are thick!? Now I wait mpesa to got sub 3.
Chuga @5.95, but 1kg pkt sells @200 what a contrast...! Dump the share & hoard the pkts for it pay more... Wapi @Njunge atowe siri za hii kampuni wenye hizi hisa wajipange.
Meanwhile enjoy the fat tail (price discounts - bluechips) getting fatter for millions when the excessive selling is reset. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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