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How to tell NSE has bottomed out
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mwekez@ji
#4021 Posted : Wednesday, August 28, 2013 9:42:22 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mkeiyd wrote:
murchr wrote:
hisah wrote:
Btw watch out for oil. If the price spikes above $120/bbl it'll be time to get defensive. NSE is still bullish, but that oil price spike will crater the markets globally. Oil price has spiked $8 in 3 days and currently trading at $117 surpassing the 2013 high.

Those holding KQ, KK, Total and industrials hold on tight if this Syria situation falls out, which is likely.


Will be safe if they hedged at 90s


I thought after KK's hedging, wazualand became anti-hedging?


Only @murchr supporting this. Anybody else?
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hisah
#4022 Posted : Wednesday, August 28, 2013 11:43:22 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mpesa bank, simba and BAT selling bring down the index...

Waiting for disappointing H1 news from simba...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#4023 Posted : Wednesday, August 28, 2013 11:53:44 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Whole market looking bad ... Advance/Decline Ratio; 10/23
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Sufficiently Philanga....thropic
#4024 Posted : Wednesday, August 28, 2013 12:02:50 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Seems frontier markets arent being spared either. Short term relief though on slight decrease in oil to $115 from $117 highs and Dow,Nasdaq and S&P futures shockingly turning greensmile

NB Waiting for the mpesa rebound after bottoming out as we approach div closure Sept 12th.
A 10% gain in 2 weeks beckonsDrool
@SufficientlyP
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dunkang
#4025 Posted : Wednesday, August 28, 2013 12:12:12 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Most indices worldwide are tanking. Guys are watching the Syria Factor. Washington+London+Paris vs Moscow+Damascus war of words may be cause!
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#4026 Posted : Wednesday, August 28, 2013 1:20:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mwekez@ji wrote:
murchr wrote:
hisah wrote:
Btw watch out for oil. If the price spikes above $120/bbl it'll be time to get defensive. NSE is still bullish, but that oil price spike will crater the markets globally. Oil price has spiked $8 in 3 days and currently trading at $117 surpassing the 2013 high.

Those holding KQ, KK, Total and industrials hold on tight if this Syria situation falls out, which is likely.


Will be safe if they hedged at 90s


No need for KK and TK to hedge. ERC pricing will take care of the oil price spike and currency fluctuations.
Not really. What I expect is KK & TK will not be aggressive i.e. not bid for cargoes & let someone else bring them in. It is prudent for KK & TK to sell less fuel [loss of market share] if it is not profitable. If KK & TK [assume Shell will follow suit] stop importing or reduce volumes then expect industry-wide stock-outs.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#4027 Posted : Wednesday, August 28, 2013 3:47:23 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
mkeiyd wrote:
murchr wrote:
hisah wrote:
Btw watch out for oil. If the price spikes above $120/bbl it'll be time to get defensive. NSE is still bullish, but that oil price spike will crater the markets globally. Oil price has spiked $8 in 3 days and currently trading at $117 surpassing the 2013 high.

Those holding KQ, KK, Total and industrials hold on tight if this Syria situation falls out, which is likely.


Will be safe if they hedged at 90s


I thought after KK's hedging, wazualand became anti-hedging?


Only @murchr supporting this. Anybody else?


@Mweke...the only "master hedger" if there's anything like that in Kenya has been the guy at KQ infact the little profits they reported in the yy prior to the huge loss were made from this.

Crude was less than $95 in June now $110, in 2 months. If KQ locked in a price of $95 for a years supply then they are good.

As for KK and the rest, i wonder how ERC will fill in this gap.
"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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murchr
#4028 Posted : Wednesday, August 28, 2013 4:56:28 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
NSE wrote:
The Bourse opened the week on a high note, with a total of 39M shares valued at Kes.988M transacted against Kes.1.65bn on 19M shares posted last Friday.

The NSE 20 Share Index shed 15.02 points to stand at 4806.48.
All Share Index (NASI) was down 0.11 points to stand at 124.36.
"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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Sufficiently Philanga....thropic
#4029 Posted : Wednesday, August 28, 2013 9:29:03 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
murchr wrote:
NSE wrote:
The Bourse opened the week on a high note, with a total of 39M shares valued at Kes.988M transacted against Kes.1.65bn on 19M shares posted last Friday.

The NSE 20 Share Index shed 15.02 points to stand at 4806.48.
All Share Index (NASI) was down 0.11 points to stand at 124.36.

History channelsmile
But thanks though for the Monday stats.
@SufficientlyP
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murchr
#4030 Posted : Wednesday, August 28, 2013 9:34:50 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Sufficiently Philanga....thropic wrote:
murchr wrote:
NSE wrote:
The Bourse opened the week on a high note, with a total of 39M shares valued at Kes.988M transacted against Kes.1.65bn on 19M shares posted last Friday.

The NSE 20 Share Index shed 15.02 points to stand at 4806.48.
All Share Index (NASI) was down 0.11 points to stand at 124.36.

History channelsmile
But thanks though for the Monday stats.


Ha ha .... dint notice...SMH, thanks for pointing it out
"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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