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SCOM on the run again
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.
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?
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...
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
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
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
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
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
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
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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