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How to tell NSE has bottomed out
hisah
#681 Posted : Wednesday, September 07, 2011 4:07:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@NSE closes @3360 - up a measly +3pts...

Anyone noticed tranny has moved 6.9M shares today?

Mpesa - mad rush for book closure or a turn up? QW - says a mad rush to dividends. Me thinks it is a shaping for a u-turn... 3 day volume = 146M shares and Meza joining the rivals in Vodacom Tz (Vodafone owned) confirms the move. Next confirmation will be Airtel not launching their delaaaayed 3G network... Wacha tuone.

Now tomorrow is britak listing. Mpesa moving huge volumes so far and tranny has a giant volume move out of the blue. Britak will open with a jump... That's the telegraphed message here... Let's see what Mr Market will do tomorrow.

@QW - coop @9.50 will be a fabulous discount...

BBK - sub 12.

Ekwety - sub 18... This one has me puzzled since it exceeded my 20/- target...

KCB - day 2 below 19.50 bull trendline support... This thing needs to bounce or 18 will show up.

SCB - volume building up... @199 some hands are getting attracted while looking at the rights price @165.45. SCB @199 is 20.27% higher than the rights price.

With mpesa having a big up day with huge volume, the index will close up after 4 down days since Aug 30th. In coming days we will know if mpesa is on a relief u-turn and forming a temporary floor. With NSE index RSI oversold @13.6 as per yesterday's close of 3357, a bounce is loooong overdue... If indeed a bounce is forming and the low is 3357, then the rebound should target 3505 - 3552 levels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#682 Posted : Wednesday, September 07, 2011 4:50:48 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Yep. Equity low of 17.50, Centum low of 14.60
Tranny moved 6.9 million shares? Slightly down though. Crazy P.E
KQ sub 30...
GOD BLESS YOUR LIFE
Sober
#683 Posted : Wednesday, September 07, 2011 5:54:49 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
TCL traded 6 million shares! who is buying???
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
hisah
#684 Posted : Thursday, September 08, 2011 7:36:05 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
More media market gloom smile

http://bit.ly/qANXWO
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
holycow
#685 Posted : Thursday, September 08, 2011 11:40:40 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
20 share index up 40 points.Pray
QW25081985
#686 Posted : Thursday, September 08, 2011 11:49:03 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
holycow wrote:
20 share index up 40 points.Pray


volume ??
youcan'tstopusnow
#687 Posted : Thursday, September 08, 2011 11:52:30 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
holycow wrote:
20 share index up 40 points.Pray

And more importantly closes (just) above 3400 - 3,400.68
Will it be a green week for the NSE?
GOD BLESS YOUR LIFE
youcan'tstopusnow
#688 Posted : Thursday, September 08, 2011 11:55:29 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
QW25081985 wrote:
holycow wrote:
20 share index up 40 points.Pray


volume ??


5,793,000 total shares traded

Equity turnover: KES 189.19 M

BAMB - 84.72 M
EABL - 24.55 M
COOP - 9.49 M
KENO - 8.65 M
KCB - 8.41 M
GOD BLESS YOUR LIFE
QW25081985
#689 Posted : Thursday, September 08, 2011 11:57:02 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Lol ! I can see equity bank playing very nicely to my flute . My target is at 13 bob .
If you wanna buy at any other price well and gud but make sure u arent the one selling it to me at 13.00
for co-op am still waiting for 9.50 . But looks like its going to be hard getting there.
Am still nt done w/ the index . 3k is my target .
QW25081985
#690 Posted : Friday, September 09, 2011 12:02:48 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
youcan'tstopusnow wrote:
QW25081985 wrote:
holycow wrote:
20 share index up 40 points.Pray


volume ??


5,793,000 total shares traded

Equity turnover: KES 189.19 M

BAMB - 84.72 M
EABL - 24.55 M
COOP - 9.49 M
KENO - 8.65 M
KCB - 8.41 M



but we have bn trading less than 10 m shares for quite a while now. Why the jump in price.
May be a dead cat bounce. If its a rally it definatly doesnt have legs. Guys i warn you before hand and get caught.
This isnt the time to buy .
569 Pages«<6768697071>»
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