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Elliott Wave Analysis Of The NSE 20
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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mnandii wrote:VituVingiSana wrote:Angelica _ann wrote:mnandii wrote:heri wrote:mnandii wrote: SAFARICOM. Resistance remains at 33.50. I still stand by my forecast of a large DROP in the share price. Next Target remains below Kes 14.00. IF Safcom magically pops above 33.50 then I'll reconsider. But I insist that your last chance to Sell the share at a profit is NOW! I simply cannot wrap my head around this? For a company that is 'maybe' among the few that seem to be even benefiting from COVID 19? To lose 50% of the value. then all the rest should drop to Zero Mass psychology determines the direction of the share price. Before the drop to 14 bob is actualized, let us make money on the current swings.   I support @mnandii in this. Let it fall  to 14/-. Tutanunua. What I do not know is whether he has a timeframe. No firm is forever. I hope the 14/- isn't on an open timeline eg 2040 but within the 2020 timeframe. In Elliott theory it is a little difficult to forecast time intervals. having said that though my expectation is that 14.00 bob should be realised quite soon, even before October. October 2020??? Bring it on! Let's catch up on 31 Oct 2020. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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VituVingiSana wrote:mnandii wrote:VituVingiSana wrote:Angelica _ann wrote:mnandii wrote:heri wrote:mnandii wrote:SAFARICOM. Resistance remains at 33.50. I still stand by my forecast of a large DROP in the share price. Next Target remains below Kes 14.00. IF Safcom magically pops above 33.50 then I'll reconsider. But I insist that your last chance to Sell the share at a profit is NOW! I simply cannot wrap my head around this? For a company that is 'maybe' among the few that seem to be even benefiting from COVID 19? To lose 50% of the value. then all the rest should drop to Zero Mass psychology determines the direction of the share price. Before the drop to 14 bob is actualized, let us make money on the current swings. I support @mnandii in this. Let it fall to 14/-. Tutanunua. What I do not know is whether he has a timeframe. No firm is forever. I hope the 14/- isn't on an open timeline eg 2040 but within the 2020 timeframe. In Elliott theory it is a little difficult to forecast time intervals. having said that though my expectation is that 14.00 bob should be realised quite soon, even before October. October 2020??? Bring it on! Let's catch up on 31 Oct 2020. 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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That cash that you want to burn trading the NSE you better put in Bitcoin and get much better returns. 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.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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mnandii wrote:That cash that you want to burn trading the NSE you better put in Bitcoin and get much better returns. I invest for the long-term. Anyway, hopefully I can pick up on Saf at 14/- by 31st Oct 2020. I do not understand BTC. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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VituVingiSana wrote:mnandii wrote:That cash that you want to burn trading the NSE you better put in Bitcoin and get much better returns. I invest for the long-term. Anyway, hopefully I can pick up on Saf at 14/- by 31st Oct 2020. I do not understand BTC. All investments make and burn money. It is your moves that make you afloat. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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VituVingiSana wrote:mnandii wrote:That cash that you want to burn trading the NSE you better put in Bitcoin and get much better returns. I invest for the long-term. Anyway, hopefully I can pick up on Saf at 14/- by 31st Oct 2020. I do not understand BTC. You don't have to speculate in Bitcoin. You just buy and hold and use it as currency to buy other things. See? Easy. 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Angelica _ann wrote:VituVingiSana wrote:mnandii wrote:That cash that you want to burn trading the NSE you better put in Bitcoin and get much better returns. I invest for the long-term. Anyway, hopefully I can pick up on Saf at 14/- by 31st Oct 2020. I do not understand BTC. All investments make and burn money. It is your moves that make you afloat. Hehe. True. But with the NSE where we are only allowed to buy and no short selling it becomes tricky to take advantage of ALL available opportunities. So if you buy your stocks now you may be forced to wait forever for the market to even start rising meaningfully. And yet you would be ignoring better opportunities that can potentially increase your profits. 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Ever since Safaricom announced its stellar results it has sluggishly traded below 33.50 as expected. The next wave of significance is FALL below 24.00 toward 14.00. 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 The NSE 20 Share Index should resume its FALL anytime now. The next target is 1720s. 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Hehehehe My people on the NSE, are you seeing what Bitcoin is doing? 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.
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Elliott Wave Analysis Of The NSE 20
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