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uchumi share price today
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Any sentiments for the day? @10.20
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Any sentiments for the day? @10.2 0
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Any sentiments for the day? @10.30
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Wow. Huge demand showing up. Today is goin to be an up day. My advice is to get in now since i dnt see lower prices and dump the thing at 14. For a 32% profit.
Those who pickd it up yestaday i envy ur quickness.
Now off to the broker to do the necessary ! Lolest
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Rank: Member Joined: 12/15/2010 Posts: 162
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A quick analysis of the that huge demand reveals that over 95% is at KES10 and below (as at 11.10am)
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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There will be high resistance at 11 if it will ever come 14 is a miracle. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Demand is only pegged below 10 which was the debenture figure. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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come on guyz dnt you think demand showing up at 10.00 is a sign of bottoming.Even if 1 million shares demand showed u at 10.00 its still a sign of bottoming..anyway the day is still young lets wait upto 3.00 pm to see if the price action is for real.
14.00 wount come over-night but it might just show up since thats the next resistance level that might meet some huge selling...
#food for thought.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I find the folly of investors (or is it traders) is such a fixation on price & making these companies appear static business wise (@ their behest) and yet these companies are on a daily basis either doing poor, flat or improved business. My advice...think more of value & price as a function of value.
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Rank: Member Joined: 12/15/2010 Posts: 162
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@cde, traders and investors make money in a vibrant market. The difference between them is that the trader has to keep a close watch on the price movements. On the other hand, investors pay more attention to the fundamentals of a company. It is possible for one to be both a trader and an investor in a market. Actually, most people will put 20% of their portfolio for trading purposes and the rest (80%) as investment.
Uchumi is a share for traders ... before we get sufficient information on its fundamentals.
My 2 cents
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