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How to tell NSE has bottomed out
ecstacy
#1321 Posted : Tuesday, December 06, 2011 8:52:01 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
Chaka wrote:
ecstacy wrote:
What has the NSE index closed at today?

3072


@Chaka, thank you.

For starts, with world fuel prices headed north due to politics in the Persian Gulf (inflation effect) & a mass downgrade of EU countries (including Germany!!) by S&P in the offing if the make or break talks fail Friday tinkered by some december sell off, the index seems headed south this week.

3,000 points by Thurs/Friday?
ecstacy
#1322 Posted : Tuesday, December 06, 2011 11:36:41 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
ecstacy wrote:
Chaka wrote:
ecstacy wrote:
What has the NSE index closed at today?

3072


@Chaka, thank you.

For starts, with world fuel prices headed north due to politics in the Persian Gulf (inflation effect) & a mass downgrade of EU countries (including Germany!!) by S&P in the offing if the make or break talks fail Friday tinkered by some december sell off, the index seems headed south this week.

3,000 points by Thurs/Friday?


http://www.reuters.com/a...n-idUSL5E7N60N920111206

http://www.reuters.com/a...r-idUSTRE7B41GC20111205
Aguytrying
#1323 Posted : Tuesday, December 06, 2011 3:55:19 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
UNGA GROUP we are waiting for you, back to earth. goes ex-div tomorrow. No way it should be trading at 11 in this bear. its a resilient one, but there are no heros in bear
The investor's chief problem - and even his worst enemy - is likely to be himself
youcan'tstopusnow
#1324 Posted : Tuesday, December 06, 2011 4:16:53 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The Britak IPO is a guide on how to halve your money in 4 months
GOD BLESS YOUR LIFE
simonmaina71@gmail.com
#1325 Posted : Tuesday, December 06, 2011 4:21:35 PM
Rank: New-farer

Joined: 11/14/2011
Posts: 50
@youcantstopusnow...u cant halve your money in six months if you have a tight stop loss....na muachane na UNGA GROUP coz i bought it at 10...leo naona someone sold at 11.50...finally i have something to smile about
Aguytrying
#1326 Posted : Tuesday, December 06, 2011 6:01:51 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
simonmaina71@gmail.com wrote:
@youcantstopusnow...u cant halve your money in six months if you have a tight stop loss....na muachane na UNGA GROUP coz i bought it at 10...leo naona someone sold at 11.50...finally i have something to smile about


The dividend was propping it up, i hope you know that. Its coming down penda usi penda. Its a good stock though 7.5% dividend yield. Now it will have join us back on earth
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#1327 Posted : Tuesday, December 06, 2011 6:03:43 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
NSE 20-share index lost 2.02 points ( 0.07%) to close at 3,070.36 points
Equity turnover: KES 133.69 M

At least its slowed the downward spiral abit today.
The investor's chief problem - and even his worst enemy - is likely to be himself
simonmaina71@gmail.com
#1328 Posted : Tuesday, December 06, 2011 6:45:18 PM
Rank: New-farer

Joined: 11/14/2011
Posts: 50
Aguytring...it aint falling...mpaka ifike about 12.50 where it will meet resistance...but i dont predict,i wait for the market and then react promptly
Nabwire
#1329 Posted : Tuesday, December 06, 2011 9:01:37 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Interesting how majority of people are traders and speculators, I wonder if its the same at the NSE?? If thats the case, it should be very easy to profit off you guys, just read your sentiments then do the exact opposite. I bet most speculators will enter the market when the index is on an upward trend, thats the ideology that drives the bull market so we have to thank speculators. Its a symbiotic relationship at first, then in the long run it becomes a parasitic relationship where the speculator is the pig and the long term investor is the free riding tick. Good times.
simonmaina71@gmail.com
#1330 Posted : Tuesday, December 06, 2011 10:25:33 PM
Rank: New-farer

Joined: 11/14/2011
Posts: 50
@Nabwire...i couldnt agree more...but the relationship ceases to be parasitic when the seasoned trader knows when the trend he was profiting from is over and sells off to Wanjiku...that way the host is Wanjiku right from the onset
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