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NSE down AGAIN!!
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guru267
#1 Posted : Tuesday, October 05, 2010 10:43:26 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
This is the tenth time this year and counting
Mark 12:29
Deuteronomy 4:16
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bartum
#2 Posted : Tuesday, October 05, 2010 10:50:19 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
waiting a mini bull run.
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mwenza
#3 Posted : Tuesday, October 05, 2010 10:51:24 AM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
guru267 wrote:
This is the tenth time this year and counting



.......And the tenth time we are being offered a chance to re-enter the market.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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  | | Edit by user: Tuesday, October 05, 2010 10:54 AM | Reason: Not specified
Sober
#4 Posted : Tuesday, October 05, 2010 11:24:09 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
My favourite counters are not giving me a chance, i have to change my strategy and so should everyone.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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guru267
#5 Posted : Tuesday, October 05, 2010 11:26:24 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sober wrote:
My favourite counters are not giving me a chance, i have to change my strategy and so should everyone.

@sober i'm curious to know which those are????
Mark 12:29
Deuteronomy 4:16
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muganda
#6 Posted : Tuesday, October 05, 2010 12:08:09 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
guru267 wrote:
This is the tenth time this year and counting


And from next year I hear they want to be running brokers back offices. Will this mean the whole industry would be down simultaneously?

Would be equal to CBK choosing to provide same banking software for all banks.
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Scubidu
#7 Posted : Tuesday, October 05, 2010 12:11:02 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
A novel idea or not.

Read more:

http://www.capitalfm.co....rt-Day-Trading-4771.html
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Sober
#8 Posted : Tuesday, October 05, 2010 12:11:59 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I got off the scangroup bus at 42 thinking it had hit the peak, now am ogling at it as it soars towards the dollar exchange range region.
KPlc stagnated for too long and i offloaded some when it clocked 200.
I have never had a chance to bag more of them.
Other favourites; kcb, TOtal kenya and cfc
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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underweight
#9 Posted : Tuesday, October 05, 2010 12:35:28 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
Dont worry much the NSE is just taking a cue from the world international stock exchange which was on average down by 1% due to pessimisms from the US data on jobs and housing uptake.
"A bad decision made now is beta that a good one made later!!"
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  | | Edit by user: Tuesday, October 05, 2010 1:21 PM | Reason: spelling correction
hisah
#10 Posted : Tuesday, October 05, 2010 12:46:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
underweight wrote:
Dont worry much the NSE is just ticking a cue from the world international stock exchange which was on average down by 1% due to pessimisms from the US data on jobs and housing uptake.


I can see a larger sell off coming soon. Most of the global markets retraced 61.8% (as per fibonacci retrace measurement) of the losses from the May lows (infamous flash crash and euro debt crisis scare). I don't think the markets have yet priced in the negative US econ data and a real euro debt default scenario. When this reality hits home, expect these markets to break below the May lows. In down trending markets, the 61.8% and 78.2% retracements always offer stiff reversal resistance. And failure at these levels confirms down trend is intact. I've also been stating about the low bullish volume across these global markets.

NSE too is experiencing low bullish volume and even the expected sweetened 3Q bank results are not bringing out the best in bullish volumes. I'm reading a lot of mixed signals here since the referendum. Iko shida gani.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, October 05, 2010 12:48 PM | Reason: Not specified
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