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Safaricom FY 2016 results net profit up 19.6%
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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The demand is strong..But waiting for close price and closing demand and supply of today And the opening and closing price for tomorrow Coz the traded volumes today are significant to ignore
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Safaricom has so far traded 30.52mn shares. 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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Ericsson wrote:Safaricom has so far traded 30.52mn shares. 31.49M shares on the day with a turnover on 556M. Huge blocks traded since open. At finish price was at 17.80 level. VWAP has closed at 17.65. Foreigners pressing on the gas.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Metasploit wrote:The demand is strong..But waiting for close price and closing demand and supply of today
And the opening and closing price for tomorrow
Coz the traded volumes today are significant to ignore 31.50m shares changed hands 19/7/2016 Deals = 243 Total demand = 22,737,700 Total Supply = 5,339,700 Best bid = 15.75 (with that kind of demand, this is a pipe dream) Best Ask = 18.95 Last price = 17.80 "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: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ericsson wrote:Price up 40 cents already safcom is like a wildbeast enjoying swimming in a pool full of crocodiles "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 12/1/2014 Posts: 45 Location: Nairobi
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murchr wrote:Metasploit wrote:The demand is strong..But waiting for close price and closing demand and supply of today
And the opening and closing price for tomorrow
Coz the traded volumes today are significant to ignore 31.50m shares changed hands 19/7/2016 Deals = 243 Total demand = 22,737,700 Total Supply = 5,339,700 Best bid = 15.75 (with that kind of demand, this is a pipe dream) Best Ask = 18.95 Last price = 17.80 The MPESA bank disobeying the bear moods and seeking an upward trajectory. What can it be attributed to? what will come of it comes the bull session? A strong co fundamentally though.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Safcom closes the day on a mad note "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:Safcom closes the day on a mad note 20bob may print before it comes down, ex dividend, with a bang! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mlennyma wrote:Safcom closes the day on a mad note Closing price 18.20 Opening price 17.60
CLOSING DEMAND:TOTAL CLOSING 15M19100 18.20 8000 18.10 924900 18.05 6312100 18.00 5005200 17.95
CLOSING SUPPLY:TOTAL SUPPLY 2M499900 18.30 109800 18.40 3200 18.45 185400 18.50 18200 18.60 Demand has been strong and consistent from trade opening..watching how the price will behave tomorrow at the 18.40-18.60 levels (It was a supply point from the last cycle)
“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:mlennyma wrote:Safcom closes the day on a mad note Closing price 18.20 Opening price 17.60
CLOSING DEMAND:TOTAL CLOSING 15M19100 18.20 8000 18.10 924900 18.05 6312100 18.00 5005200 17.95
CLOSING SUPPLY:TOTAL SUPPLY 2M499900 18.30 109800 18.40 3200 18.45 185400 18.50 18200 18.60 Demand has been strong and consistent from trade opening..watching how the price will behave tomorrow at the 18.40-18.60 levels (It was a supply point from the last cycle) Yesterday and today's trade sessions have a combined turnover of KES 1B on heavy volume trades. 18.50 is key resistance. Are the bulls ready to breakout from this cage? Interesting action.$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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Spikes wrote:mlennyma wrote:Safcom closes the day on a mad note 20bob may print before it comes down, ex dividend, with a bang! @spikes, the other day I asked you a query and you never responded. If you sell your bellwether stocks, what will you buy? Treasurys (tbills or tbonds)? Fixed deposit (FD)? Real Estate?
Start seeing the market like a fund manager with loads of liquidity in equities...$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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The bulls are nearly running out of energy after shafting the bears Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Metasploit wrote:mlennyma wrote:Safcom closes the day on a mad note Closing price 18.20 Opening price 17.60
CLOSING DEMAND:TOTAL CLOSING 15M19100 18.20 8000 18.10 924900 18.05 6312100 18.00 5005200 17.95
CLOSING SUPPLY:TOTAL SUPPLY 2M499900 18.30 109800 18.40 3200 18.45 185400 18.50 18200 18.60 Demand has been strong and consistent from trade opening..watching how the price will behave tomorrow at the 18.40-18.60 levels (It was a supply point from the last cycle) Yesterday and today's trade sessions have a combined turnover of KES 1B on heavy volume trades. 18.50 is key resistance. Are the bulls ready to breakout from this cage? Interesting action. Im starting to see a lot of shiny make up in this rally. Which is bigger the rest of the market or safaricom. It will have to come down. this defying gravity cant last forever. can it? brother equity is obeying gravity. EABL,BAT, JUB the other resistant stocks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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You're better off buying now and quit wishing. "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: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:Metasploit wrote:mlennyma wrote:Safcom closes the day on a mad note Closing price 18.20 Opening price 17.60
CLOSING DEMAND:TOTAL CLOSING 15M19100 18.20 8000 18.10 924900 18.05 6312100 18.00 5005200 17.95
CLOSING SUPPLY:TOTAL SUPPLY 2M499900 18.30 109800 18.40 3200 18.45 185400 18.50 18200 18.60 Demand has been strong and consistent from trade opening..watching how the price will behave tomorrow at the 18.40-18.60 levels (It was a supply point from the last cycle) Yesterday and today's trade sessions have a combined turnover of KES 1B on heavy volume trades. 18.50 is key resistance. Are the bulls ready to breakout from this cage? Interesting action. Im starting to see a lot of shiny make up in this rally. Which is bigger the rest of the market or safaricom. It will have to come down. this defying gravity cant last forever. can it? brother equity is obeying gravity. EABL,BAT, JUB the other resistant stocks Mpesa bank exdiv should be a key directional pointer. If it holds the 12.50 - 15.00 support zone until H1 release, the bulls will finish the year with their noses high.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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murchr wrote:You're better off buying now and quit wishing. buying safcom past 18 needs alot of boldness hoping to sell at 25-30 many stocks will double their price before safcom doubles its current 18bob price "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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I like the volumes story. For those who didn't bail out at 18.70( where demand was solid), watch out for this level in this current run. @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote:You're better off buying now and quit wishing. Never wacha ikae. If it's not meant to be fine. This madness will come to an end. Pe of 20 mpaka lini. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Sufficiently Philanga....thropic wrote:I like the volumes story.
For those who didn't bail out at 18.70( where demand was solid), watch out for this level in this current run. Of the 448M turnover,440M was foreign buys. The foreign sale was 144M,meaning its the locals supplying the demand. Point of correction; Closing demand is 20M against 1M
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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If the foreigners continue pushing the pedal and the local providing the supply,the share will still have some headroom as the supply will be diminishing against demand.. Large traded volumes means a good volume of supply is always absorbed by demand..Diminish this demand and the path of least resistant will change to down. I noted some weakness at 17 during the last correction cycle
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Safaricom FY 2016 results net profit up 19.6%
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