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Madness at the NSE
Ericsson
#1461 Posted : Friday, September 21, 2018 3:33:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
obiero wrote:
Sober wrote:
slykat wrote:
I will sit it out and see how things pan out in the economy .... will resume stocks when the floor is very messy.



Gainers Price Change
EVRD 1.10 10.00% ▲
MSC 0.60 9.09% ▲
HAFR 0.70 7.69% ▲
WTK 175.00 6.71% ▲
KCB 40.00 3.23% ▲


When the highest gainers are the penny stocks, you know things are thick.. Sad

Do not be left out, just managed a few more COOP and KCB. These opportunities do not happen everday


We aren't done with the blood on the streets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Sober
#1462 Posted : Friday, September 21, 2018 3:33:40 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
obiero wrote:
Sober wrote:
slykat wrote:
I will sit it out and see how things pan out in the economy .... will resume stocks when the floor is very messy.



Gainers Price Change
EVRD 1.10 10.00% ▲
MSC 0.60 9.09% ▲
HAFR 0.70 7.69% ▲
WTK 175.00 6.71% ▲
KCB 40.00 3.23% ▲


When the highest gainers are the penny stocks, you know things are thick.. Sad

Do not be left out, just managed a few more COOP and KCB. These opportunities do not happen everday


Those 2 are likely to sink deeper next week, may be 13.00 and 35.20 respectively. i am waiting for next week to come up with my 4th quarter strategy.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Ericsson
#1463 Posted : Friday, September 21, 2018 3:47:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Nic bank sh.20 per share coming
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1464 Posted : Friday, September 21, 2018 5:21:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Sober wrote:
obiero wrote:
Sober wrote:
slykat wrote:
I will sit it out and see how things pan out in the economy .... will resume stocks when the floor is very messy.



Gainers Price Change
EVRD 1.10 10.00% ▲
MSC 0.60 9.09% ▲
HAFR 0.70 7.69% ▲
WTK 175.00 6.71% ▲
KCB 40.00 3.23% ▲


When the highest gainers are the penny stocks, you know things are thick.. Sad

Do not be left out, just managed a few more COOP and KCB. These opportunities do not happen everday


Those 2 are likely to sink deeper next week, may be 13.00 and 35.20 respectively. i am waiting for next week to come up with my 4th quarter strategy.

You could be right or wrong, only next week will tell us who is the greater strategist

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ebenyo
#1465 Posted : Friday, September 21, 2018 5:42:16 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
obiero wrote:
Sober wrote:
obiero wrote:
Sober wrote:
slykat wrote:
I will sit it out and see how things pan out in the economy .... will resume stocks when the floor is very messy.



Gainers Price Change
EVRD 1.10 10.00% ▲
MSC 0.60 9.09% ▲
HAFR 0.70 7.69% ▲
WTK 175.00 6.71% ▲
KCB 40.00 3.23% ▲


When the highest gainers are the penny stocks, you know things are thick.. Sad

Do not be left out, just managed a few more COOP and KCB. These opportunities do not happen everday


Those 2 are likely to sink deeper next week, may be 13.00 and 35.20 respectively. i am waiting for next week to come up with my 4th quarter strategy.

You could be right or wrong, only next week will tell us who is the greater strategist


We will judge next week!
Towards the goal of financial freedom
Sufficiently Philanga....thropic
#1466 Posted : Friday, September 21, 2018 5:49:15 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,217
Location: Sundowner,Amboseli

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray


@SufficientlyP
mlennyma
#1467 Posted : Wednesday, September 26, 2018 2:22:41 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,173
Location: nairobi
Slight recovery
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#1468 Posted : Wednesday, September 26, 2018 5:12:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
today counters traded at reduced volumes with the exception of Equity bank which traded 8.5mn shares to top the list
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Sufficiently Philanga....thropic
#1469 Posted : Wednesday, September 26, 2018 5:57:16 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,217
Location: Sundowner,Amboseli
Sufficiently Philanga....thropic wrote:

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray




Holding steady ATM but FED's decision to keep increasing its FED rate will keep emboldening the bears especially in Frontier and Emerging Economies.
@SufficientlyP
obiero
#1470 Posted : Wednesday, September 26, 2018 6:57:30 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Ebenyo wrote:
obiero wrote:
Sober wrote:
obiero wrote:
Sober wrote:
slykat wrote:
I will sit it out and see how things pan out in the economy .... will resume stocks when the floor is very messy.



Gainers Price Change
EVRD 1.10 10.00% ▲
MSC 0.60 9.09% ▲
HAFR 0.70 7.69% ▲
WTK 175.00 6.71% ▲
KCB 40.00 3.23% ▲


When the highest gainers are the penny stocks, you know things are thick.. Sad

Do not be left out, just managed a few more COOP and KCB. These opportunities do not happen everday


Those 2 are likely to sink deeper next week, may be 13.00 and 35.20 respectively. i am waiting for next week to come up with my 4th quarter strategy.

You could be right or wrong, only next week will tell us who is the greater strategist


We will judge next week!

Next week is here.. COOP KES 15.85; KCB 40.5; KQ 8.50

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
lochaz-index
#1471 Posted : Thursday, September 27, 2018 10:25:02 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray




Holding steady ATM but FED's decision to keep increasing its FED rate will keep emboldening the bears especially in Frontier and Emerging Economies.

The 2017 rally is about to be wiped out in its entirety - 100% retracement. FFR projection is one more hike in December and four more hikes in 2019. Not to take their word for it knowing how unreliable some of these forecasts turn out to be but the fundies ( 10yr UST is > than 3% and steadily climbing anchoring inflation expectations) point to a faster rate hike cycle.

If we discount two hikes and only factor one at year end, two more next year plus this week's hike that makes it 100bps jump by end of 2019...this never portends well for EM/FM. Holding everything else constant (no crises/contagion in relation to debt and China is still chugging along fine) my operative scenario is that those markets will broadly tank by about 15-20%. That would place NSE20 at around the GFC levels. If inflation in the US picks up faster than anticipated then all hell will break loose.

As the Fed and PBoC continue tightening, ECB risks being left in no man's land with its QE programme in the Eurozone. The markets will end up armtwisting the ECB in to a knee-jerk policy in an effort to fend off capital outflows.
The main purpose of the stock market is to make fools of as many people as possible.
obiero
#1472 Posted : Thursday, September 27, 2018 10:31:45 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray




Holding steady ATM but FED's decision to keep increasing its FED rate will keep emboldening the bears especially in Frontier and Emerging Economies.

The 2017 rally is about to be wiped out in its entirety - 100% retracement. FFR projection is one more hike in December and four more hikes in 2019. Not to take their word for it knowing how unreliable some of these forecasts turn out to be but the fundies ( 10yr UST is > than 3% and steadily climbing anchoring inflation expectations) point to a faster rate hike cycle.

If we discount two hikes and only factor one at year end, two more next year plus this week's hike that makes it 100bps jump by end of 2019...this never portends well for EM/FM. Holding everything else constant (no crises/contagion in relation to debt and China is still chugging along fine) my operative scenario is that those markets will broadly tank by about 15-20%. That would place NSE20 at around the GFC levels. If inflation in the US picks up faster than anticipated then all hell will break loose.

As the Fed and PBoC continue tightening, ECB risks being left in no man's land with its QE programme in the Eurozone. The markets will end up armtwisting the ECB in to a knee-jerk policy in an effort to fend off capital outflows.

Some shares aren't doing too bad.. Its not all doom and gloom

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
wukan
#1473 Posted : Thursday, September 27, 2018 10:36:07 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,567
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray




Holding steady ATM but FED's decision to keep increasing its FED rate will keep emboldening the bears especially in Frontier and Emerging Economies.

The 2017 rally is about to be wiped out in its entirety - 100% retracement. FFR projection is one more hike in December and four more hikes in 2019. Not to take their word for it knowing how unreliable some of these forecasts turn out to be but the fundies ( 10yr UST is > than 3% and steadily climbing anchoring inflation expectations) point to a faster rate hike cycle.

If we discount two hikes and only factor one at year end, two more next year plus this week's hike that makes it 100bps jump by end of 2019...this never portends well for EM/FM. Holding everything else constant (no crises/contagion in relation to debt and China is still chugging along fine) my operative scenario is that those markets will broadly tank by about 15-20%. That would place NSE20 at around the GFC levels. If inflation in the US picks up faster than anticipated then all hell will break loose.

As the Fed and PBoC continue tightening, ECB risks being left in no man's land with its QE programme in the Eurozone. The markets will end up armtwisting the ECB in to a knee-jerk policy in an effort to fend off capital outflows.


Plus the Fed balance sheet reduction peak in October at US 50B. ECB will most likely tighten around July 2019. 2019 will be a nightmare for EMs
Ericsson
#1474 Posted : Thursday, September 27, 2018 4:23:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
wukan wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray




Holding steady ATM but FED's decision to keep increasing its FED rate will keep emboldening the bears especially in Frontier and Emerging Economies.

The 2017 rally is about to be wiped out in its entirety - 100% retracement. FFR projection is one more hike in December and four more hikes in 2019. Not to take their word for it knowing how unreliable some of these forecasts turn out to be but the fundies ( 10yr UST is > than 3% and steadily climbing anchoring inflation expectations) point to a faster rate hike cycle.

If we discount two hikes and only factor one at year end, two more next year plus this week's hike that makes it 100bps jump by end of 2019...this never portends well for EM/FM. Holding everything else constant (no crises/contagion in relation to debt and China is still chugging along fine) my operative scenario is that those markets will broadly tank by about 15-20%. That would place NSE20 at around the GFC levels. If inflation in the US picks up faster than anticipated then all hell will break loose.

As the Fed and PBoC continue tightening, ECB risks being left in no man's land with its QE programme in the Eurozone. The markets will end up armtwisting the ECB in to a knee-jerk policy in an effort to fend off capital outflows.


Plus the Fed balance sheet reduction peak in October at US 50B. ECB will most likely tighten around July 2019. 2019 will be a nightmare for EMs


The temporary run is coming to an end,from tomorrow/Monday expect some price declines on counters that have had a good run
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1475 Posted : Thursday, September 27, 2018 8:27:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Ericsson wrote:
wukan wrote:
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:

NSE 20 closes the week at 2832, 42 points shy of the Jan 2017 low of 2790.Let's see whether this will be defended. Below this and the new support will be the March 2009 low of 2360Pray




Holding steady ATM but FED's decision to keep increasing its FED rate will keep emboldening the bears especially in Frontier and Emerging Economies.

The 2017 rally is about to be wiped out in its entirety - 100% retracement. FFR projection is one more hike in December and four more hikes in 2019. Not to take their word for it knowing how unreliable some of these forecasts turn out to be but the fundies ( 10yr UST is > than 3% and steadily climbing anchoring inflation expectations) point to a faster rate hike cycle.

If we discount two hikes and only factor one at year end, two more next year plus this week's hike that makes it 100bps jump by end of 2019...this never portends well for EM/FM. Holding everything else constant (no crises/contagion in relation to debt and China is still chugging along fine) my operative scenario is that those markets will broadly tank by about 15-20%. That would place NSE20 at around the GFC levels. If inflation in the US picks up faster than anticipated then all hell will break loose.

As the Fed and PBoC continue tightening, ECB risks being left in no man's land with its QE programme in the Eurozone. The markets will end up armtwisting the ECB in to a knee-jerk policy in an effort to fend off capital outflows.


Plus the Fed balance sheet reduction peak in October at US 50B. ECB will most likely tighten around July 2019. 2019 will be a nightmare for EMs


The temporary run is coming to an end,from tomorrow/Monday expect some price declines on counters that have had a good run

On Q3 book closure for financials.. You honestly expect a decline?? Anyways.. Selling COOP at KES 16.50, cool 21% gain over 9 days

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#1476 Posted : Friday, September 28, 2018 10:05:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Deacons becomes the first counter to go below 0.50 per share.
A loss of the maximum 5 cents is more than the 10% rule.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#1477 Posted : Friday, September 28, 2018 10:23:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
If it closes at 0.45 (VWAP), what happens the next day on the way down? Can someone bid at 0.40 given that's 11%?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tandich
#1478 Posted : Friday, September 28, 2018 10:24:23 AM
Rank: Member


Joined: 5/6/2008
Posts: 199
If it closes below 0.45 it's technically fixed at that price unless a material event occurs; in which case I'm curious how low it could go

Ericsson wrote:
Deacons becomes the first counter to go below 0.50 per share.
A loss of the maximum 5 cents is more than the 10% rule.

VituVingiSana
#1479 Posted : Friday, September 28, 2018 10:26:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
tandich wrote:
If it closes below 0.45 it's technically suspended from trading unless a material event occurs; in which case I'm curious how low it could go

Ericsson wrote:
Deacons becomes the first counter to go below 0.50 per share.
A loss of the maximum 5 cents is more than the 10% rule.

It's likely to close at 0.45 today given the level of trades.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#1480 Posted : Saturday, September 29, 2018 1:43:11 PM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi


Looks like the downtrend will continue next week.

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