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How to tell NSE has bottomed out
youcan'tstopusnow
#691 Posted : Friday, September 09, 2011 12:05:32 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Most counters were up. Maybe just the excitement of a listingsmile...
GOD BLESS YOUR LIFE
QW25081985
#692 Posted : Friday, September 09, 2011 12:20:56 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
youcan'tstopusnow wrote:
Most counters were up. Maybe just the excitement of a listingsmile...



i figure its just excitment of end of ocampo confirmation hearings. But we all know there are more pressing issues ahead !!
Cde Monomotapa
#693 Posted : Friday, September 09, 2011 8:03:03 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Its of how? Kwani hakuna mafans wa Uchumi? $$
Aguytrying
#694 Posted : Friday, September 09, 2011 8:11:58 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
Its of how? Kwani hakuna mafans wa Uchumi? $$


12.00-7.00. what do you expect them to say. Im still 30-70 on this company
The investor's chief problem - and even his worst enemy - is likely to be himself
mlennyma
#695 Posted : Friday, September 09, 2011 8:31:56 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The weather man yesterday promised good rains to kick off early next month,signs of a bottom are visible.equity was struggling with a 1.9m sell order at 18 after which it will jump to above 20
"Don't let the fear of losing be greater than the excitement of winning."
hisah
#696 Posted : Friday, September 09, 2011 8:40:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Qw - the volume is not yet that of a bull, but if u look at some counters, the volume is coming back silently.
PPT did a tough job preventing mbritank from closing heavily down on a day when no limits apply. They'll jerk this one up!

The RSI at 13 with index at 3357 calls for bounce. I expect 3500 to be tested as I stated on Wednesday. But since volume is still bearish, the index still has room to test 3000 after the bounce.

I'm not amused by brent oil @$115 even with the latest panic central turmoil. Euroland & US will re-enter recession, but brent has refused to nosedive! KE will still have a high energy bill Sad
If the telcos hike call rates, airtime also affects inflation rate. Food costs must come down by at least 50% for a substantial inflation rate relief. Also fx exchange rates need to stabilize asap. Still a lot of deadwood to deal with before the market sees a mature bull charging back.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#697 Posted : Friday, September 09, 2011 2:35:09 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
There is plenty of activity at safcom counter today. started at 2.95 which was taken out, 3.00 was taken out and now at 3.05. Maybe its was flooring last week( as hisah said). otherwise why would it be edging up higher intra day like this?
The investor's chief problem - and even his worst enemy - is likely to be himself
Sufficiently Philanga....thropic
#698 Posted : Friday, September 09, 2011 3:24:27 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
A stormy Q3 it's been, almost the worst in my investing career in the post Moi era, though i must admit Q3 2008 & Q1 2009 were equally tough.Now looking forward to a bright Q4!
@Hisah might just find himself changing the title of this thread to "How to tell the NSE has topped off!"Laughing out loudly
@SufficientlyP
lovely2010
#699 Posted : Friday, September 09, 2011 3:29:00 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
QW25081985 wrote:
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 .


I totally agree with you...
the deal
#700 Posted : Friday, September 09, 2011 7:33:05 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
What will be GDP growth for Q2? My bet a slow down to 3-4% that should set the tone for bourse for the rest of the year..
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