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How to tell NSE has bottomed out

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kaifastus		#2251 Posted : Thursday, February 14, 2013 7:40:18 PM
Rank: Member Joined: 8/17/2011 Posts: 207 Location: humu humu		S.Mutaga III wrote: Sesame wrote: Stumbled on this site... I can say am not disappointed, we have great minds around! Bought my first stock in Jan, comparable here, a novice! you know the index has topped out when there are more than 2 novices in one thread in a single day When your waiter starts giving you tips...
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mwekez@ji		#2252 Posted : Thursday, February 14, 2013 7:43:28 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Foreigners have really sophisticated things for the locals. For instance, today locals up'ed the gear of profit taking on KCB while foreigners stayed put in the buy side. So steadfast were the foreigners in the buy side of this counter that it topped the list of net foreign inflow. Same scenario on BBK counter which was 2nd on the net foreign inflow list. BBK counter saw a good level of locals exit while foreigners stayed steadfast in the buy side of the counter
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mwekez@ji		#2253 Posted : Thursday, February 14, 2013 7:55:57 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		These foreigners are really buying locals. They have reached the maximum allowed thresh-hold in CFC Bank. Soon we may hear they have bought every other counter in our market to the maximum allowed threshold....
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mwekez@ji		#2254 Posted : Thursday, February 14, 2013 8:06:39 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		N'way, may the market auto-correct on profit taking by the locals. South looks inevitable if this locals profit taking witnessed persist
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ChessMaster		#2255 Posted : Thursday, February 14, 2013 9:13:07 PM
Rank: Elder Joined: 2/23/2009 Posts: 1,626		hisah wrote: NSE20 closes @4637 - tops out @4648 which is 30pts from the 4678 target. This reverses a 13 day series of rallying from Jan 28 2013 as the heavy weights reverse price gains. Focus now shifts back to near term support at 4500. Tech readings are overbought and need to reset. MSCI KE index should also reverse after setting new all time highs @1375. Near term support is @1300. Timely reversal this when the banks are about to announce their results as well as other firms. I agree.I want to watch the market for a while. @mukiri - So far I've been lucky.Hope I can maintain it. Uncertainty is certain.Let go
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VituVingiSana		#2256 Posted : Thursday, February 14, 2013 9:51:05 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		berns wrote: In my opinion everything is cheap what with an expected 5% economic growth,foreign investor participation after a peaceful election, you'd be plain crazy not to buy most counters. Those traded volumes we are seeing is local big money buying in bits.E.G Access K,did you know the Somens made 600million(to me,unethical profits being the owners) after the IPO WHEN THE SHARE PRICE WAS OVER 30 bob.Then again they bought back millions of the same shares at 4bob. Now thats the perfect example of the rich getting richer and the poor.......Dont miss the bus. 1) They sold at a price they (& many others) considered ridiculous. The same will happen with many other shares whose price has run up solely on speculation. 2) It makes sense to buy at 4/- if the firm is doing OK as long as it is done within the 'open period' & revealed. 3) What if the rich bought the shares at 30 & sold at 4? Or now that they are poor, it doesn't matter? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Sesame		#2257 Posted : Friday, February 15, 2013 11:49:43 AM
Rank: Hello Joined: 2/14/2013 Posts: 3		kaifastus wrote: S.Mutaga III wrote: Sesame wrote: Stumbled on this site... I can say am not disappointed, we have great minds around! Bought my first stock in Jan, comparable here, a novice! you know the index has topped out when there are more than 2 novices in one thread in a single day When your waiter starts giving you tips... You might be surprised how lucky novices can be some times! I learnt something before from a wise friend, that time alone is not enough to bequeth expertise! "Watch and Learn" Someone says!
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Mukiri		#2258 Posted : Friday, February 15, 2013 2:26:11 PM
Rank: Elder Joined: 7/11/2012 Posts: 5,222		techboy wrote: Mukiri wrote: ChessMaster wrote: AK touched 6.95.NBK is tempting me again.Think its about time I close shop till after elections. Congratulations Penny stocks can sometimes do wonder for one call it what you want but having bought it at 4 bob would have made you rich NOW ! Sawa sawa boss. Its just a name, nothing to get overtly sensitive about. Proverbs 19:21
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mlennyma		#2259 Posted : Friday, February 15, 2013 2:40:08 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		A.k supply dries as profit takers are over powered by buyers. "Don't let the fear of losing be greater than the excitement of winning."
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Hunderwear		#2260 Posted : Friday, February 15, 2013 2:49:40 PM
Rank: Member Joined: 4/14/2011 Posts: 639		mlennyma wrote: A.k supply dries as profit takers are over powered by buyers. In deed Bids(Buy Orders) Total Bids - -202,500 Price Points 65,600 shares at 6.90 64,600 shares at 6.80 4,900 shares at 6.60 27,700 shares at 6.50 20,400 shares at 6.45 61,800 shares at 6.40 10,000 shares at 6.10 13,100 shares at 6.00 Asks(Sell Orders) Total Asks - - 23,900 Price Points 23,900 shares at 6.90
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