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SCOM on the run again
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mukiha
#1
Posted :
Thursday, January 07, 2010 10:03:36 AM
Rank: Elder
Joined: 6/27/2008
Posts: 4,114
it's back to 5 bob with 25m demand versus 6m supply.
Another foreigner trying to take position? I don't know but I will take some profit when my target price is reached....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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cnn
#2
Posted :
Thursday, January 07, 2010 10:36:32 AM
Rank: Veteran
Joined: 6/17/2009
Posts: 1,627
@mukiha
you must be grinning ear to ear,i have ignored this counter since the ipo but it seems there is money to be made in it.What is the exit? 5.20?
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the deal
#3
Posted :
Thursday, January 07, 2010 11:10:21 AM
Rank: Elder
Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Eishh safaricom is on a bull run....20 mil shares traded today...this exciting insn't it...
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poundfoolish
#4
Posted :
Thursday, January 07, 2010 4:01:57 PM
Rank: Elder
Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Inakadiriwa kufika ngapi...? niambieni tafadhali
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wanyina
#5
Posted :
Thursday, January 07, 2010 7:32:35 PM
Rank: Member
Joined: 4/1/2008
Posts: 141
Im still in buying race as long as its under 5shs ,my projection is to accumulate as much as i can since fundamentals speaks for itself.However its not that you cannot sell,It depends on how much you have as to be able to dispose and make the small margin as a profit.Otherwise unless you have quite a chunk its hard to make that big profit.But looking at a big picture..money is there at long last in Safaricom!..that's just my view..any opionion
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Much Know
#6
Posted :
Friday, January 08, 2010 7:24:36 AM
Rank: Elder
Joined: 12/6/2008
Posts: 3,579
can this bugger of a stock behave this time and stay above 5/-, its been a long wait. Behave wewe!
Ras Kienyeji Man
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Jaguar
#7
Posted :
Friday, January 08, 2010 8:10:00 AM
Rank: Member
Joined: 6/7/2007
Posts: 263
Location: humu humu
Looking at the volumes being traded today per transaction, its the institutions or some big player selling to international investors who have so far bought 94% of the 11.22M shares traded so far (11.10am). I've seen a trade of 616,200, 1.05M, and 946,000. This is not wanjiku buying or selling. Let the big boys play their games. But suppy is also high now at 12.86M vs a demand of 8.50M as at 11:10am
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Friday, January 08, 2010 8:17 AM |
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Much Know
#8
Posted :
Friday, January 08, 2010 8:19:35 AM
Rank: Elder
Joined: 12/6/2008
Posts: 3,579
Well unless the "wazungu" have more orders, it will drop later today, too many sell orders.
Ras Kienyeji Man
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Jaguar
#9
Posted :
Friday, January 08, 2010 8:23:36 AM
Rank: Member
Joined: 6/7/2007
Posts: 263
Location: humu humu
@muchknow, the wazungu are still buying it. Currently they have bought 97%. The volum are huge, (296000, 373000, 1M, 331000, 50000, etc). Lets see how far they are willing to go with their deep pockets
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VituVingiSana
#10
Posted :
Friday, January 08, 2010 8:31:02 AM
Rank: Chief
Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Typical kenyan upuzi... selling out then later complaining that 'foreigners' own the major firms...
Greedy when others are fearful. Very fearful when others are greedy
-
to paraphrase Warren Buffett
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