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December/Jan holiday and market
heri
#1 Posted : Monday, December 16, 2013 7:05:37 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
i see someone got safaricom today at sh 9.60

Does it mean the traditional buying opportunities in Dec are here

which other counters have come down to attractive levels

with a target of short term gains by quarter one 2014
Metasploit
#2 Posted : Monday, December 16, 2013 10:59:32 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
heri wrote:
i see someone got safaricom today at sh 9.60

Does it mean the traditional buying opportunities in Dec are here

which other counters have come down to attractive levels

with a target of short term gains by quarter one 2014


9.60 on very thin volumes.

Trade at 9.80 was at least significant (app 300K shares).

The dip,due to festive season has largely been complemented by FED Taper fears.Global indices have dipped significantly.

FED wont taper so expect foreign comeback from Friday.I Got good chunk of Safaricom at 10.05,if someone can get the good counters now with easy > 15 % target in 2-3 months;

KCB-44.50
Safcom-9.8-10
CFC-80-82
HFCK-31
EABL-280 (For unethical traders)
etc

Alternatively go to wazua stock performance or FT chart and check the GOOD companies that have corrected the most since Nov 25th.The ones that have been mercilessly oversold

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
Metasploit
#3 Posted : Monday, December 16, 2013 11:10:34 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Most of the counters above have corrected almost 15% from their 52 week HIGHS.

KK,Kenya Re cheap but this not the time to buy.

KK has a bearish divergence on MACD and RSI (22 oct,3rd Dec) Means might dip below 8.55 and will stay below 10 in the medium term.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
Candlesticks
#4 Posted : Tuesday, December 17, 2013 10:55:05 AM
Rank: New-farer


Joined: 12/16/2013
Posts: 49
Location: Nairobi
If the FED tapers, KK will tumble as the USD will rise. tThe tapering debate is likely to get even more interesting with a rather dovish Yellen and head on Stanley Fischer. If the FED tapers early 2014 i think most of the counters will correct. and we shall have superb entry points before Q1 2013 results which by all indication seem bullish.
"'Nowadays people know the price of everything and the value of nothing.' - Oscar Wilde.
young
#5 Posted : Tuesday, December 17, 2013 1:43:20 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Metasploit wrote:
heri wrote:
i see someone got safaricom today at sh 9.60

Does it mean the traditional buying opportunities in Dec are here

which other counters have come down to attractive levels

with a target of short term gains by quarter one 2014


9.60 on very thin volumes.

Trade at 9.80 was at least significant (app 300K shares).

The dip,due to festive season has largely been complemented by FED Taper fears.Global indices have dipped significantly.

FED wont taper so expect foreign comeback from Friday.I Got good chunk of Safaricom at 10.05,if someone can get the good counters now with easy > 15 % target in 2-3 months;

KCB-44.50
Safcom-9.8-10
CFC-80-82
HFCK-31
EABL-280 (For unethical traders)
etc

Alternatively go to wazua stock performance or FT chart and check the GOOD companies that have corrected the most since Nov 25th.The ones that have been mercilessly oversold


I fully agree with you on the EABL, it is oversold, it has happened before, it presents a
buying opportunity during this cycle.
It will be good to catch it at 280 but any value below 300 bob is fair enough.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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