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How to tell NSE has topped/Maxed out.
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sparkly
#71 Posted : Wednesday, December 24, 2014 7:17:45 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
hisah wrote:
@Mukiri - I don't remember KCB @20s back in Nov 2013. Banks have been toppish since Nov 2013 and I stick with this argument, so don't be surprised by my stand. I just trade the charts (techs and fundies). It has nothing to do with ego and I wonder where this accusation is coming from. Once in a while some calls may fail to come by as expected since prediction outcomes are never 100% when a market is in a period of irrational exuberance. But eventually the madness fades and the market resets to normal levels.

I will continue betting against the crowd until the charts revert their patterns.


@hisah I do remember KCB at 17bob in 2013 so guys have made a killing on these!

Unfortunately I had to sell all the banks I own when I converted religions..
Why 'unfortunately'? You made a life choice/decision. Are you regretting it?
And which religion doesn't allow you to own shares in a bank?


Islam does not allow one to benefit from interest income... None of the listed banks are Sharia compliant!

It was a tough choice but a right one!


@Guru you are a mysterious one. Thought you were a career Investment Banker or are you now banking for the warriors.
Life is short. Live passionately.
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Mart_Consult
#72 Posted : Wednesday, December 24, 2014 10:29:54 AM
Rank: Member

Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
@Guru, on a more serious note, I have always wondered if one's looking to comply with Shariah law while investing, banks are obviously overlooked. However, when it comes to other listed firms, how does one go about it? Most companies only quote income received through bank (deposits) interest as "Other income", "Non-trading income" etc etc...this ambiguity in accounting terms can mean anything...only footnotes in annual reports (3 months later) may expose this

For instance, take SCAN anticipated FY 2014...a good percentage of its profits will be drawn from this pool (bank deposits)...so how does one really go about investing in listed firms unless you first verify their secondary income streams??
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Boris Boyka
#73 Posted : Wednesday, December 24, 2014 10:37:56 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Mart_Consult wrote:
@Guru, on a more serious note, I have always wondered if one's looking to comply with Shariah law while investing, banks are obviously overlooked. However, when it comes to other listed firms, how does one go about it? Most companies only quote income received through bank (deposits) interest as "Other income", "Non-trading income" etc etc...this ambiguity in accounting terms can mean anything...only footnotes in annual reports (3 months later) may expose this

For instance, take SCAN anticipated FY 2014...a good percentage of its profits will be drawn from this pool (bank deposits)...so how does one really go about investing in listed firms unless you first verify their secondary income streams??

Applause Applause Applause Applause and that was my concern but she avoided that.Thanks for elaborating it to her..
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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lochaz-index
#74 Posted : Wednesday, December 24, 2014 11:10:51 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Anybody with a clue as to why kenya re is experiencing wild price seesaws from one day to the next?
The main purpose of the stock market is to make fools of as many people as possible.
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MaichBlack
#75 Posted : Wednesday, December 24, 2014 11:28:52 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
lochaz-index wrote:
Anybody with a clue as to why kenya re is experiencing wild price seesaws from one day to the next?

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ericsson
#76 Posted : Wednesday, December 24, 2014 11:44:54 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Kenya Re the wild swings can give you a heart attack.Whenever it experiences a wild swing there is a huge chunk of shares traded.
Yesterday it traded 4.37mn shares which is equivalent to 0.625% of total issued shares.
Someone is playing manipulative games
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metasploit
#77 Posted : Thursday, December 25, 2014 6:30:59 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
is the NSE opened today ???? Pray Pray Pray Pray Pray Pray

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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murchr
#78 Posted : Thursday, December 25, 2014 6:32:33 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Metasploit wrote:
is the NSE opened today ???? Pray Pray Pray Pray Pray Pray


Monday Boss. Pole. What did you spot?
"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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Metasploit
#79 Posted : Thursday, December 25, 2014 6:51:09 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
murchr wrote:
Metasploit wrote:
is the NSE opened today ???? Pray Pray Pray Pray Pray Pray


Monday Boss. Pole. What did you spot?


Sad Sad Sad

Some quick money to be made.some number of stocks still trading at a bargain.

Check the wazua stock performance for Nov 20th -Dec 24th (interest is in stocks on the red).spot your counters and draw trendlines for support and resistance.watch candle sticks for stocks breaking out at seriously oversold levels .

That is all i can say for now

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#80 Posted : Sunday, December 28, 2014 6:46:54 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Dec 31/12/2013 - NSE20 closes @4926
Dec 24/12/2014 - NSE20 closes @4971

Unbelievable that the index closed @5406 sometime on September 2014. The all time high jumbo turnover this year will close the NSE20 with a flat performance even after scraping out MSC from the index?!? Spooky...! Pray
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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