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How to tell NSE has bottomed out

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jerry		#1711 Posted : Wednesday, October 24, 2012 3:06:17 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		hisah wrote: hisah wrote: youcan'tstopusnow wrote: CIC was at 3.50 jana. So close to dipping below the listing price... Let's see if PPT will hold back the plunge-gates... CIC trades sub 3.50/- current trades @3.45/- VWAP still @3.50/- Interesting action here... Did I see a High of 3.70. The opposite of courage is not cowardice, it's conformity.
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hisah		#1712 Posted : Wednesday, October 24, 2012 3:15:01 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		jerry wrote: hisah wrote: hisah wrote: youcan'tstopusnow wrote: CIC was at 3.50 jana. So close to dipping below the listing price... Let's see if PPT will hold back the plunge-gates... CIC trades sub 3.50/- current trades @3.45/- VWAP still @3.50/- Interesting action here... Did I see a High of 3.70. Yes, 3.70 was the high and 3.45 was the low. Avg is 3.50/- with the supply overhang diminishing (few sellers - selling fatigue approaching). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1713 Posted : Wednesday, October 24, 2012 3:23:16 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		BAT and EABL still red hot then KCB. Somehow shares of equity one of the big 4 banks has refused to take off... Very strange for this blue chip... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson		#1714 Posted : Wednesday, October 24, 2012 3:55:39 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		KCB has overtaken Equity Bank in terms of market capitalisation to become number 3 in market cap after EABL and Safaricom Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Kanjora1		#1715 Posted : Wednesday, October 24, 2012 4:25:30 PM
Rank: New-farer Joined: 8/7/2012 Posts: 39		Did anyone else notice the big jump of Barbeque (BBK)? It has been hovering at around 14.10-14.40 in the last few weeks and then it has suddenly made the leap to 15.50 in 2 days. Is this due to the awaited merger or just the bullish sentiments prevailing?
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FUNKY		#1716 Posted : Wednesday, October 24, 2012 4:55:01 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		Turnover declined to KSh.600M from the previous session’s KSh.648M, the number of shares traded stood at 22M against 17M posted yesterday. The NSE 20 Share Index was up 22.76 points to settle at 4095.26. All Share Index (NASI) was up 0.50 points to stand at 90.28. FTSE NSE Kenya 15 Index was up 0.89 points to stand at 121.07. FTSE NSE Kenya 25 Index was up 0.92 points to stand at 123.73.
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hisah		#1717 Posted : Wednesday, October 24, 2012 5:01:31 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		So far NSE20 has surprised by leaping 4000 and still steaming through the resistance layers. The major solid barrier is 4400. This will have to wait till post election since kuna sellers wengi sana and profits have to be taken after blue chip counters have flipped more than 50% and some going into 100%... Bulls should run out of steam from 4200pts. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Kanjora1		#1718 Posted : Wednesday, October 24, 2012 6:11:04 PM
Rank: New-farer Joined: 8/7/2012 Posts: 39		Now if only Centum, MSC and AK could follow the trend all my counters would go green but I am not really hopeful for these two. For all my my counters to go green I'd need Centum to hit 20 bob, MSC to hit 10 and AK to hit 25. That's a tad too optimistic I think! I don't think investors are of the view that Centum and AK are doing enough to make them wealthy. Anyway we'll wait and see...
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Ericsson		#1719 Posted : Wednesday, October 24, 2012 6:17:26 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		True Kanjora1 Centum,Access and Mumias prospects are dim. Centum could have been on a rebound if they hadn't reduced their portfolio in the NSE. The decision to go to real estate was a big blunder. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#1720 Posted : Wednesday, October 24, 2012 6:34:55 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		For a.k to hit 25bob,may be a buyout...qw's stock "Don't let the fear of losing be greater than the excitement of winning."
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