Aguytrying wrote:friends, it is not funny out there. Britam can be had for 14.00, hfck for 20.50( though i expected this this is pretty shocking how quickly it has materialised). Cic heading to 5 bob!! centum at 48- That one made me smile its coming back to earthly valuations soon. There are shocking prices out there.
There are 3 stocks still holding the NSE at respectable levels. Safcom, kcb, Equity. KCB and equity seem to be succumbing to the bear but not completely. Safcom is the hardest nut to crack, after the bounce that has been talked of, if safcom breaches below 15 and lower, that's when the real party will start, and all other stocks should sink properly after that.
Happy hunting, bargain hunters.
Equity is losing ground soo fast.Touched a low of 40
HFCK RSI is worse than 2009.Its on a 5 year low (5 year chart RSI at around 10) with sellers still active.It is breaching the 2013 support of 21-22 which means the next low is the 2012 support of 13-15.I thought the guy would bottom in 2016 but seems bottom is in 2015 with sideway plays in 2016.
EQUITY 156M traded volume (30th June 2015) and other volumes (between 18th June to 15th JUly 2015) were distribution volumes!!
Guys has breached the 45 support and now the 40 support.NEXT SUPPORT IS 35.
CFC is already flirting with sub 100
I Think for now its better to flee the market..dont even hunt for bargains till the 2016 sideway plays is almost done towards Q3 2016.
Or plays defensive with agrics like EAAGADS et all
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”