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How to tell NSE has bottomed out
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Aguytrying
#251 Posted : Wednesday, August 10, 2011 6:22:50 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Things are thick. Centum, BBK. and others. OMG. Starting to get greedy over kplc. Could the bluechips be leading a recovery. eabl and kplc tops gainers, or is it just a knee jerk reaction, before the real pain begins?

@hisah. If 3500 is breached, how is the trend likely to behave.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Muthawamunene
#252 Posted : Wednesday, August 10, 2011 6:33:59 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
on the contrary, easing selling pressure indicates a rebound on the horrizon. Relief rally or not, stocks will pick up in the short run (read as of friday or nxt week). too many varriables are in the medium and long run, so siongei. My bet is on a slow buy.
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Cde Monomotapa
#253 Posted : Wednesday, August 10, 2011 6:46:04 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
QW25071985 wrote:
Cde Monomotapa wrote:
Judging from the financial perfomance of the Industrial companies then a retailer like Uchumi will do wonders.


wow. I never knew u were a fan of uchumi. Lol. Wait for the stock at 5.00 .wanjiku is still selling.

Alas! I'm on record as being in, though yet to fully commit till after FY. But @ 5 i won't even blink. Head 1st!
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QW25071985
#254 Posted : Wednesday, August 10, 2011 7:05:04 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
We have seen how deep u.s markets have fallen today at opening. Tomorrow 11th its gonna be another blood bath at n.s.e .

All my fav stocks are at major support.am praying they break down.
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hisah
#255 Posted : Wednesday, August 10, 2011 7:14:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mkonomtupu wrote:
@hisah, really how did you get caught up in the uchumi bankruptcy?

i'm on a massive buy right now on this stock and i have decided to stock up on agric stocks sasini as the slide continues i'm moving from the money market to stocks, when the rebound comes i move back to the money market


In 2005 - 2006 the bull was a rhino, remember... Even paka got above 30...!? Then uchumi went kaboom! During a rhino bull charge investors/traders become irrational... Before wanjikus knew what was happening in 2007 corrupt brokers torpedoed too...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Muthawamunene
#256 Posted : Wednesday, August 10, 2011 7:14:17 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
QW25071985 wrote:
We have seen how deep u.s markets have fallen today at opening. Tomorrow 11th its gonna be another blood bath at n.s.e .

All my fav stocks are at major support.am praying they break down.

"Memories are fresh. People who
during the last financial crisis did
not sell right away, next time
around are ready to sell quick
and ask questions later. People
are seeing this as 'next time,'"
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Sober
#257 Posted : Wednesday, August 10, 2011 7:16:59 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
How low can a share sink? I am seeing a situation where counters like everedy will have bigger leaps in percentile (either way) because the least quatable unit is the multiples of 5cents i.e 0.05 shillings
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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VituVingiSana
#258 Posted : Wednesday, August 10, 2011 7:17:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
hisah wrote:

Calm before the storm smile

Meanwhile DTK picked at @98/- and Neveready @1.80/-

By the time the storm passes, paka will be @50cts or suspended.[/quote]
LOL... Paka? You are a gambler!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#259 Posted : Wednesday, August 10, 2011 7:19:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
Things are thick. Centum, BBK. and others. OMG. Starting to get greedy over kplc. Could the bluechips be leading a recovery. eabl and kplc tops gainers, or is it just a knee jerk reaction, before the real pain begins?

@hisah. If 3500 is breached, how is the trend likely to behave.


You cannot call a bottom in panic central. Just stand aside and watch.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#260 Posted : Wednesday, August 10, 2011 7:22:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
hisah wrote:

Calm before the storm smile

Meanwhile DTK picked at @98/- and Neveready @1.80/-

By the time the storm passes, paka will be @50cts or suspended.

LOL... Paka? You are a gambler![/quote]

You misunderstood my statement. I meant some trade was picked @1.80 for paka and 98 for DTK. I have already stated that once that 3600 got broken with a thud, I cancelled all the suggested fast trades.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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