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How to tell NSE has bottomed out
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ChessMaster
#2121 Posted : Monday, February 04, 2013 6:06:27 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
guru267 wrote:
ChessMaster wrote:
Did kengen hit a high of 42 or is there something wrong with rich live


This must have been in 2006 just after listing... But i thought the all time high was 35!


Thanks guru.Something might have been posted wrongly on the counter.
Uncertainty is certain.Let go
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Aguytrying
#2122 Posted : Monday, February 04, 2013 6:12:20 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mkeiyd wrote:
ChessMaster wrote:

I get what you mean.What if they are thinking about how safaricom will react to the charges.How they'll round up the differences so the math is easier.


I don't think the systems are overwhelmed by maths.

Si mambo ya kalamu na karatasi kuu kuu ya taifa leo.


Its like a bank. They only need to 2 decimal places to mpesa. No big deal
The investor's chief problem - and even his worst enemy - is likely to be himself
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murchr
#2123 Posted : Monday, February 04, 2013 6:20:01 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ChessMaster wrote:
Did kengen hit a high of 42 or is there something wrong with rich live


Possible...in 2006 after the IPO i remember reading 40/- so its possible it hit 42/-, those were the days...sadly I was very green in investing.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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ChessMaster
#2124 Posted : Monday, February 04, 2013 7:32:46 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
murchr wrote:
ChessMaster wrote:
Did kengen hit a high of 42 or is there something wrong with rich live


Possible...in 2006 after the IPO i remember reading 40/- so its possible it hit 42/-, those were the days...sadly I was very green in investing.


Highly appreciated.I'm still surprised.Can't say I've ever seen such.
Uncertainty is certain.Let go
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ChessMaster
#2125 Posted : Tuesday, February 05, 2013 10:38:18 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Anybody with industry news updates.Thanks in advance.
Uncertainty is certain.Let go
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jerry
#2126 Posted : Tuesday, February 05, 2013 3:00:51 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
ChessMaster wrote:
murchr wrote:
ChessMaster wrote:
Did kengen hit a high of 42 or is there something wrong with rich live


Possible...in 2006 after the IPO i remember reading 40/- so its possible it hit 42/-, those were the days...sadly I was very green in investing.


Highly appreciated.I'm still surprised.Can't say I've ever seen such.

True, it hit 42. I also remember selling Paka at 14.60.
The opposite of courage is not cowardice, it's conformity.
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ChessMaster
#2127 Posted : Tuesday, February 05, 2013 8:51:01 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
jerry wrote:
ChessMaster wrote:
murchr wrote:
ChessMaster wrote:
Did kengen hit a high of 42 or is there something wrong with rich live


Possible...in 2006 after the IPO i remember reading 40/- so its possible it hit 42/-, those were the days...sadly I was very green in investing.


Highly appreciated.I'm still surprised.Can't say I've ever seen such.

True, it hit 42. I also remember selling Paka at 14.60.


I guess this week I'm seeing things I've never seen. 20+counters in the green. Only 4 in the red.
Uncertainty is certain.Let go
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dunkang
#2128 Posted : Tuesday, February 05, 2013 10:16:59 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
@Chessmaster, its seems most wazua stocks gurus were wrong. No heavy prices tumbling so as we can buy at 10 percent dividend yields?

From what is going on, it seems i will be left holding cash waiting for bargain that might never come anytime soon.
Receive with simplicity everything that happens to you.” ― Rashi

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ChessMaster
#2129 Posted : Tuesday, February 05, 2013 10:27:07 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
dunkang wrote:
@Chessmaster, its seems most wazua stocks gurus were wrong. No heavy prices tumbling so as we can buy at 10 percent dividend yields?

From what is going on, it seems i will be left holding cash waiting for bargain that might never come anytime soon.


I can't say if they are right or wrong but someone is still making money.Holding cash still leaves the option to capitalize on opportunities that come alone.
Uncertainty is certain.Let go
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hisah
#2130 Posted : Wednesday, February 06, 2013 7:23:16 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
dunkang wrote:
@Chessmaster, its seems most wazua stocks gurus were wrong. No heavy prices tumbling so as we can buy at 10 percent dividend yields?

From what is going on, it seems i will be left holding cash waiting for bargain that might never come anytime soon.

The sentiment has always been the market tanks with near term elections. That has always been the case until foreigner participants portion has grown from single digit % representation to above 40%. With more foreign linked indices, the more their participation. While the locals keep off or sell some, the foreign funds are still buying cheap values compared to their markets. The MSCI KE index shows this pattern very clearly. Tech readings also point the same direction having broken out of the 5yr bear triangle and resetting to bull side. This is why I stated January will be explosive if they can keep up the bid pressure as per the MSCI KE chart pattern in Dec 2012.
There is also hydrocarbons at play. Gulf funds, euro funds, asia funds, Latin funds, US funds all competing now for any piece of action. Bid pressure across broad assets - equities, real estate etc!

Near term event risk is election turmoil. God forbid it happens, that would discount the valuations even further & the same foreigners will pick up those chips from the floor! Should the event risk pass with no issue arising, will locals be able to compete with that bid power? From the chart pattern, locals will chase the rally Sad

Smart money never follows the crowd. The crowd is fearful and smart money is hunting now. Volumes dont lie, you've those oversize volumes since Jan 2013. Chasing the bull post election you'll be buying smart money sale orders the next bullish overheating period.

I'm still in the bull camp until I see trend change, which I'll say when it happens.

For now NSE20 focus is vaulting 4553 in order to challenge 4678 now that tough resistance 4400 has turned support.

Follow the money, markets are manipulated, the rest is noise... Study volume spread analysis (VSA) and combine it with fundies, then the terms shakeout and distribution becomes clearer.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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