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KCB - Shares
Aguytrying
#161 Posted : Thursday, October 07, 2010 5:29:19 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
PKoli wrote:
mwanahisa wrote:
Gordon Gekko wrote:
Hit my average purchase price of 22.83 - Most of my lot was from the previous rights issue at 25. However, I have no plans to liquidate as I think there is still a lot of gas in the tank.


I decided to bail out but only managed to sell about 25% of my portfolio thus far at Kshs 23. Price has since dropped a bit. I will progressively sell more if the price continues going up.

I bought some Co-op at 18.10 today. I hope I will not live to regret the switch.


Resistance is expected after the gradual rise from 18. After a while, it will break the 23 barrier and ease to 25. This will be smoother if 3Q results are nice


Q3 for KCB ends on 30th sep. Any idea as to when they might release the results? even historically.

You mean...gradual rise from 18-19. coz from 19 i wouldnt say it was gradual. I expect tradind to start at 23 tommorrow as has been the trend this week, if scangroup can continue doing it, why cant KCB.
The investor's chief problem - and even his worst enemy - is likely to be himself
Mwene
#162 Posted : Thursday, October 07, 2010 6:02:47 PM
Rank: New-farer

Joined: 10/6/2010
Posts: 10
For somewhat inexplicable reasons, KCB remains undervalued by the market. But now, at last, we have started to see small upward movements. I do not think the stock is likely to dip below 20 again, unless there is another rights issue, which is clearly not on the cards. KCB is more likely to settle at 26-27, but could well hit the 30 mark by year end. The bank's fundamentals are very correct and a sensible investment strategy is in place. I think if anyone is willing to risk and wait 2-3 years, the capital returns will have more than doubled.
youcan'tstopusnow
#163 Posted : Thursday, October 07, 2010 6:47:14 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwenza wrote:
[quote=youcan'tstopusnow]Could someone please post the link to the nelly data login page please



@youcant............will this help?
http://www.richlive.co.ke/index.php[/quote]
mwenza, thanks
GOD BLESS YOUR LIFE
guru267
#164 Posted : Friday, October 08, 2010 11:09:47 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Effective resistance at 23bob...

Time for traders to sell...
Mark 12:29
Deuteronomy 4:16
youcan'tstopusnow
#165 Posted : Friday, October 08, 2010 11:11:25 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The rally is over? Impeccable timing from stocksmaster again?
GOD BLESS YOUR LIFE
Aguytrying
#166 Posted : Friday, October 08, 2010 11:25:56 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
youcan'tstopusnow wrote:
The rally is over? Impeccable timing from stocksmaster again?


Its over. may this guy never leave wazua. Supply is four times demand now.
The investor's chief problem - and even his worst enemy - is likely to be himself
mwanahisa
#167 Posted : Friday, October 08, 2010 11:27:36 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Having sold a nice portion yesterday and today (only managed 22.75 today), I am indeed hoping (that word again) that the downward movement continues. My effective commission both ways is less than 3%, but it still has to go below 22.25 for me to be able to get back in.

I believe in the long term fundamentals of KCB but some trading does me no harm from time to time.
mlennyma
#168 Posted : Friday, October 08, 2010 11:31:06 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
If you didnt go for the honey moon try next time.
"Don't let the fear of losing be greater than the excitement of winning."
Aguytrying
#169 Posted : Friday, October 08, 2010 11:33:33 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Is it a co-incidence KCB and scan stopped rallying together after rallying at the same time?
The investor's chief problem - and even his worst enemy - is likely to be himself
PKoli
#170 Posted : Friday, October 08, 2010 11:36:25 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Aguytrying wrote:
youcan'tstopusnow wrote:
The rally is over? Impeccable timing from stocksmaster again?


Its over. may this guy never leave wazua. Supply is four times demand now.


The downward pressure will not last long so you have to be carefull. Like any stocks whenever there is continous upward movement for a while, some resistance is met at some levels. For KCB, if the price goes below 22, the demand will be so huge that the price has to go upwards.
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