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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mpesa bank back to 5.80 stage (former resistance now turned support). Consolidation then a move back to the highs since the selling is on light volume. Member continues to see heavy turnover for 2 weeks now with the price still stable exdiv. I expect member to rally more than KCB this year. AK positioning points to a move higher. As for my trades - CFCI is within striking distance of my target @10.50 while JHL is slowly working towards 250. Near term risk - locally - election case while globally - Cyprus throwing a nasty spanner into the works. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/18/2006 Posts: 131
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hisah wrote:Mpesa bank back to 5.80 stage (former resistance now turned support). Consolidation then a move back to the highs since the selling is on light volume. Member continues to see heavy turnover for 2 weeks now with the price still stable exdiv. I expect member to rally more than KCB this year. AK positioning points to a move higher.
As for my trades - CFCI is within striking distance of my target @10.50 while JHL is slowly working towards 250.
Near term risk - locally - election case while globally - Cyprus throwing a nasty spanner into the works. In the meantime, HF appears to have found a new resistance level of 23 and Panafric a ceiling of 57.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Mpesa bank back to 5.80 stage (former resistance now turned support). Consolidation then a move back to the highs since the selling is on light volume. Member continues to see heavy turnover for 2 weeks now with the price still stable exdiv. I expect member to rally more than KCB this year. AK positioning points to a move higher.
As for my trades - CFCI is within striking distance of my target @10.50 while JHL is slowly working towards 250.
Near term risk - locally - election case while globally - Cyprus throwing a nasty spanner into the works. I realised Cfci is trying to change my mind to hold longer.(don't like confusing them in my head) While it was purely speculative buy and has rallied harder than my dreams. I'm getting out soon. Was a sweet ride 30% odd percent. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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nse wrote:Week on week turnover declined to Kes.2.36bn from Kes.4.12bn posted the previous week, the number of shares traded stood at 117M against 203M the previous week.
The NSE 20 Share Index shaved-off a total of 60.52 points during the week to stand at 4713.60.
All Share Index (NASI) was down 0.19% during the week to settle at 113.45 points. NSE20 bounced today closing @4713.60 after a 7 day losing streak. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Foreigners net sellers in Feb - http://www.businessdaily...4/-/4g5gs9/-/index.html I like this report. It tightens the spring board which is already tight for a fearful teen bull  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 14,057 Location: nairobi
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@hisah. the net foreign sell position trend has gone on into March and it is informed by their foreign missions view on current political situation, note not fundamentals, which are seen to remain strong across most sectors. on or about 28th March, 2013 is when true NSE direction will be known. If the courts decide that a new round of election is required, be 100% sure that the index will rapidly go sub 4300. thank me later
KQ ABP 4.26
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Hoping AK injects confidence in the market today.Kengen is showing possibilities.Lets see how it goes.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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BBK is moving some serious volumes
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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streetwise wrote:Who is buying @mwekez@ji is much more informed than me when it comes to that.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Market does well today. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mlennyma wrote:Market does well today. I agree.But it feels like its still holding back a bit.Left me wondering what I was doing last week.Waiting for April Fools to see the direction.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:@hisah. the net foreign sell position trend has gone on into March and it is informed by their foreign missions view on current political situation, note not fundamentals, which are seen to remain strong across most sectors. on or about 28th March, 2013 is when true NSE direction will be known. If the courts decide that a new round of election is required, be 100% sure that the index will rapidly go sub 4300. thank me later which counters saw that heavy selling in Feb? @obiero, which counter are being sold that heavily in march. mind sharing the source of that data
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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obiero wrote:@hisah. the net foreign sell position trend has gone on into March and it is informed by their foreign missions view on current political situation, note not fundamentals, which are seen to remain strong across most sectors. on or about 28th March, 2013 is when true NSE direction will be known. If the courts decide that a new round of election is required, be 100% sure that the index will rapidly go sub 4300. thank me later "Such performance will only continue to highlight the investment opportunity of Kenya to investors globally,β he predicted.
And no I won't thank you for you left us in a huff hanging on the mpesa bank bus with @philanga... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Foreigners net buyers today. KCB-98% (215M) ,EQUITY-75% (19M),EABL-61% (125M)
βThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.β
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:BBK is moving some serious volumes
symbols wrote:streetwise wrote:Who is buying @mwekez@ji is much more informed than me when it comes to that. Foreigners are buying (net foreign buy; 58.26%) Actually, by and large, foregners are net buyers in todays market
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The Bourse opened the week with a total of 39M shares valued at Kes.772M, up from Kes.373M on a volume of 14M shares posted last Friday. The NSE 20 Share Index was up 19.19 points to settle at 4732.79. All Share Index (NASI) was up 0.64 points to stand at 114.09. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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KK saw a volume spike today. A low of 9.80 was hit... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:obiero wrote:@hisah. the net foreign sell position trend has gone on into March and it is informed by their foreign missions view on current political situation, note not fundamentals, which are seen to remain strong across most sectors. on or about 28th March, 2013 is when true NSE direction will be known. If the courts decide that a new round of election is required, be 100% sure that the index will rapidly go sub 4300. thank me later "Such performance will only continue to highlight the investment opportunity of Kenya to investors globally,β he predicted.
And no I won't thank you for you left us in a huff hanging on the mpesa bank bus with @philanga... We're stranded at 5.80  Im waiting for him to give us the data on foreign buys vs foreign sells for Feb & March to date. @SufficientlyP
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Sufficiently Philanga....thropic wrote: We're stranded at 5.80 Im waiting for him to give us the data on foreign buys vs foreign sells for Feb & March to date. Am in this bandwagon as well! @Hisah @philanga any idea where KQ is heading to in the short term, can there be any news bad enough for it to go further south? Am suffocating with this stock! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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