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How to tell NSE has bottomed out
Aguytrying
#2271 Posted : Saturday, February 16, 2013 9:30:21 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
hisah wrote:
Pulled the trigger on cfci due to volume pattern. Bought 30000 @7. Now I sit tight. 1st target 9.00.

AK after break above 6.50 means that bulls are in charge... Wapi @QW

KK is coming back to life. Above 14.50 should get things moving.

Watch those breakouts they're coming - some selloffs & some rallies.


Welcome to liberty. you make me like adding more to those i picked. Big volumes yesterday and today.

Interesting how often we converge yet you are a trader and im a value investor. Eg HFCK(i think), kengen, and now cfci.

Since kengen moved too fast to catch it I decided that I'll shift base to CFCI for the time being, but this will be short term (3 months max, still got an eye on adding to kcb before exdiv). Also that Kengen rights surprise news wave by CMA acting head has poured cold water on things. Such a shame if indeed it is true and the announcement came from the market regulator instead of Kengen Shame on you Shame on you



The kengen story is disappointing. I offloaded on the news. I wanted to keep them for a long time(anyway ill repurchase-wont touch the money)
Cfci is speculative for me too, i dont trust the company enough for a long hold.

Interesting is, most of the shares im choosing for long term, im being coerced to sell out... KENGEN, KENOL KOBIL(through takeover)
Its like im being bought out into a cash position by forces that be
The investor's chief problem - and even his worst enemy - is likely to be himself
underweight
#2272 Posted : Saturday, February 16, 2013 12:13:19 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
With the news on KenGen rights issue, will it be wise to offload it and board the CFC Insurance. Am thinking of consolidating my insurance stock. I just want to have only shareholding in one issurance stock. which one do you advice. Currently I hold the following; 1.CFCI Av BP-7.00
2. Kenya Re Av BP 10.00
3. Pan Africa Insurance Av BP 38.00
4. Jubilee Av BP 177
over to you great mind of Wazua.
"A bad decision made now is beta that a good one made later!!"
hisah
#2273 Posted : Saturday, February 16, 2013 12:22:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
underweight wrote:
With the news on KenGen rights issue, will it be wise to offload it and board the CFC Insurance. Am thinking of consolidating my insurance stock. I just want to have only shareholding in one issurance stock. which one do you advice. Currently I hold the following; 1.CFCI Av BP-7.00
2. Kenya Re Av BP 10.00
3. Pan Africa Insurance Av BP 38.00
4. Jubilee Av BP 177
over to you great mind of Wazua.

I'm in both JHL and yesterday boarded CFCI.

JHL for the political risk premiums windfall speculation and CFCI due to some above avg volume trades since Nov 2012 with the price stuck @7 hinting accumulation.

I'm a trader so don't ask me about fundies which are required for long term analysis.

Should election ship pass the fear rough seas unharmed, insurance stocks will run in celebration...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#2274 Posted : Saturday, February 16, 2013 12:51:10 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
1 jubilee share at 196 bob=38 cfci shares,how many times does jubilee share need to gain to match a small gain on cfci?
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#2275 Posted : Saturday, February 16, 2013 12:53:54 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Sori not 38 but 28
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#2276 Posted : Saturday, February 16, 2013 1:06:57 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Which is better?1,000 jubilee=196,000bob,the same buys 28,000cfci and both gaining 2bob jubilee guy gets 2k and cfci gets 56k roughly not talking about comisions am i right?
"Don't let the fear of losing be greater than the excitement of winning."
dunkang
#2277 Posted : Saturday, February 16, 2013 1:54:50 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
@mlennyma, speculatively speaking, you have 'won' my heart, but is CFCI a good buy both fundamentaly and technically?
Receive with simplicity everything that happens to you.” ― Rashi

Mukiri
#2278 Posted : Saturday, February 16, 2013 10:03:43 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
It's scary the power Wazua has. A single post here can cause massive changes in share prices!

Proverbs 19:21
Sufficiently Philanga....thropic
#2279 Posted : Saturday, February 16, 2013 10:46:11 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Btw @Hisah & @Aguy jus dont believe that Kengen rights issue story until more info comes out. I remember back in April 2007 the same rumour was peddled but this time about selling off part of its stake to a strategic investor & the stock come down pricewise from 25 to 15.05 shillings & then rose to 28.50 after Kimunya said they arent in a hurry to sell,they'd rather milk the cow insteadsmile Ofcourse there were winners & losers. And that was a Great ride given the market was correcting itself for the better part of that year after topping out in mid Jan.
Could someone be looking to scare off wanjikus?

#Makingmoney2013
@SufficientlyP
Aguytrying
#2280 Posted : Sunday, February 17, 2013 10:00:52 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Sufficiently Philanga....thropic wrote:
Btw @Hisah & @Aguy jus dont believe that Kengen rights issue story until more info comes out. I remember back in April 2007 the same rumour was peddled but this time about selling off part of its stake to a strategic investor & the stock come down pricewise from 25 to 15.05 shillings & then rose to 28.50 after Kimunya said they arent in a hurry to sell,they'd rather milk the cow insteadsmile Ofcourse there were winners & losers. And that was a Great ride given the market was correcting itself for the better part of that year after topping out in mid Jan.
Could someone be looking to scare off wanjikus?

#Makingmoney2013


Thanks for that history. It better not be a lie
The investor's chief problem - and even his worst enemy - is likely to be himself
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