Wazua
»
Investor
»
Stocks
»
Elliott Wave Analysis Of The NSE 20
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
lochaz-index wrote:wukan wrote:@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out. This soft killing bear is going to hurt a lot of folks. Insurance companies which don't invest a lot on TA will have a rough year ahead. Quote:Significant underwriting losses for many players were witnessed last year, leaving a number of insurers with ratios below the legal minimum requirements set by the Insurance Regulatory Authority (IRA).
“I think this is the worst year ever in Kenya’s history. We need to ask for how long. Another one similar year and half of these companies will go bust. Maybe consolidation is an answer,” Jubilee Holdings chairman Nizar Juma told the Business Daily.
|
|
|
Rank: Member Joined: 6/26/2008 Posts: 399
|
lochaz-index wrote:wukan wrote:@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out. next year? you mean the time to buy is still not here but next year?
|
|
|
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
|
I&M at 57? Mtu anipatie loan  This bear is brutal. Gems everywhere though. Patient buyers will reap profits
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,232 Location: nairobi
|
rwitre wrote:I&M at 57? Mtu anipatie loan This bear is brutal. Gems everywhere though. Patient buyers will reap profits It's easy to get confused right now, too many pretty women at the NSE party
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
xtina wrote:lochaz-index wrote:wukan wrote:@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out. next year? you mean the time to buy is still not here but next year? Might be longer. Most guys trying to buy stocks are hopping for a miracle but I don't see one any time soon. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
VituVingiSana wrote:mnandii wrote: Am into Oil also now. This one XTIUSD (West Texas Crude Oil). I expect the market to fall slightly in blue wave 4 to about 60 or 59 (the pink horizontal trend lines) then rise strongly in a fifth wave (remember commodities have explosive fifth waves). The target for the rise is about 70s and possibly 73s. See the white trend line for guidance. Thereafter oil should fall strongly to below $40s per barrel toward $20s. Unbelievable? That's what Elliott says for now. It would be nice for us, as net consumers, to see oil between $20-40, in the near future. Only problem is that pockets might be empty then. Guys should seriously consider keeping hard cash under mattresses and buying bitcoin. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
VituVingiSana wrote:mnandii wrote:I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times  ? I doubt you were told all banks were the same. Even back then, NBK had poor fundamentals. Overall the KE banking sector looks OK. There will always be a few stragglers. Spire, NBK, etc were weak back in 2016 and remain so today. Even among insurance firms, you have the likes of Jubilee, which may face challenges in some years, and some shady/weak ones that remain on the edge forever. As long as the banks practice their well established business model i.e fractional reserve banking, they are vulnerable. When a bank run happens then it will not matter the fundamentals of any bank, they all go down. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
sparkly wrote:mnandii wrote:I did warn about bank and insurance companies collapsing when the bear in the NSE 20 Share Index took a strong hold. Then I was being told how Kenyan banks have strong capital ratios, ati sijui we have a smart CBK governor? Now I hear there is a bank and an insurance company that are facing difficult times ? @Mnabii tell us what will happen to KQ, Mumias, HAFR, ARM, Deacons, NIC-CBA As long as the NSE continues down I would expect all the other counters to do the same. But from a practical perspective the counters you quote above have not shown clear Elliott Wave patterns last I checked. Except for the NSE 20 Share index and Safaricom the others are not good Elliott candidates Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
wukan wrote:lochaz-index wrote:wukan wrote:@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out. This soft killing bear is going to hurt a lot of folks. Insurance companies which don't invest a lot on TA will have a rough year ahead. Quote:Significant underwriting losses for many players were witnessed last year, leaving a number of insurers with ratios below the legal minimum requirements set by the Insurance Regulatory Authority (IRA).
“I think this is the worst year ever in Kenya’s history. We need to ask for how long. Another one similar year and half of these companies will go bust. Maybe consolidation is an answer,” Jubilee Holdings chairman Nizar Juma told the Business Daily. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,232 Location: nairobi
|
mnandii wrote:wukan wrote:lochaz-index wrote:wukan wrote:@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out. This soft killing bear is going to hurt a lot of folks. Insurance companies which don't invest a lot on TA will have a rough year ahead. Quote:Significant underwriting losses for many players were witnessed last year, leaving a number of insurers with ratios below the legal minimum requirements set by the Insurance Regulatory Authority (IRA).
“I think this is the worst year ever in Kenya’s history. We need to ask for how long. Another one similar year and half of these companies will go bust. Maybe consolidation is an answer,” Jubilee Holdings chairman Nizar Juma told the Business Daily. Even consolidation will not aid the current situation in the sector.. 0+0 equal to nought
|
|
|
Wazua
»
Investor
»
Stocks
»
Elliott Wave Analysis Of The NSE 20
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|