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How to tell NSE has bottomed out
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murchr
#4491 Posted : Tuesday, December 03, 2013 4:39:19 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Rich says All Share and the NSE20 to rise 5% before January
"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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jerry
#4492 Posted : Tuesday, December 03, 2013 4:40:40 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
S.Mutaga III wrote:
This year was ideal for any fund manager who used an event-driven strategy to invest in nse. Access Kenya, Rea Vipingo looming, Carbacid split, Athi River Mining split all made money. I might employ that strategy next year...a purely event-driven strategy. The only event I hope not to cash in on is that which results in suspension of trading kama Access na Rea Vipingo.

I'm with you on this NEW strategy.
The opposite of courage is not cowardice, it's conformity.
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FUNKY
#4493 Posted : Tuesday, December 03, 2013 6:13:01 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66
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YoungMulla
#4494 Posted : Wednesday, December 04, 2013 8:40:46 AM
Rank: Member

Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
FUNKY wrote:
Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66


Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights??
Before I die - i will touch the sky!!
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murchr
#4495 Posted : Wednesday, December 04, 2013 5:08:39 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
YoungMulla wrote:
FUNKY wrote:
Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66


Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights??


They have never left the market they are buying and selling to each other
"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
#4496 Posted : Thursday, December 05, 2013 5:32:40 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Some 36M shares valued at Kes.690M were traded in 2,000 deals, down from 29M shares that were valued at Kes.751M posted yesterday.

The NSE 20 Share Index was down 0.74% or 37.49 points to stand at 5005.45.
All Share Index (NASI) shed 1.95 points to stand at 137.91.
"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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Fyatu
#4497 Posted : Thursday, December 05, 2013 5:38:03 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
the pattern indicates that we are headed to sub-5000 Drool
Dumb money becomes dumb only when it listens to smart money
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Cde Monomotapa
#4498 Posted : Thursday, December 05, 2013 9:06:10 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
murchr wrote:
YoungMulla wrote:
FUNKY wrote:
Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66


Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights??


They have never left the market they are buying and selling to each other


Made the same observation as @murchr 'right-to-left'
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Cde Monomotapa
#4499 Posted : Thursday, December 05, 2013 10:02:09 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
murchr wrote:
YoungMulla wrote:
FUNKY wrote:
Turnover rose to Kes.852M from the previous session’s Kes.465M, the number of shares traded stood at 31M against 13M posted yesterday.
The NSE 20 Share Index was up 3.60 points to stand at 5076.47.
All share Index (NASI) shed 0.18 points to stand at 140.66


Have foreign investors re-entered the market or is it locals taking over the baton?I tend to think its the latter. Any insights??


They have never left the market they are buying and selling to each other


Made the same observation as @murchr 'right-to-left'


Furthermore, with the NSSF reforms it is expected that the country's capital & savings base will expand. Working as planned then we can drive the markets a lot more with foreign capital playing a complimentary role. Let's see.
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hisah
#4500 Posted : Friday, December 06, 2013 8:00:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Profit taking has been quite shallow than I expected esp on mpesa bank, simba, eabl, bamburi & member. 4900 will likely stall the slide.

Laggards kk, kq, nbk & kplc are floating as expected. MSC somehow is still above 3/- but the sugar industry is as disordered as it gets at the moment.

@aguy - tps is worth a shot for recovery, but illiquid counter. Less riskier than kq for those without hearts of steel to board the kq mbus...

The next solid bull boost is the eurobond float. If it happens when NSE20 is above 5500, I'd expect 6000 and the all time high level @6161 to be tested... By then a lot of crappy stocks will be floating high. The idea is to avoid that crappy corner in case of a shakeout event... Just like 5000, at 6k level the selling pressure will be solid resisting bulls for a while...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, December 06, 2013 8:14 AM | Reason: Not specified
569 Pages«<448449450451452>»
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