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How to tell NSE has bottomed out
hisah
#2781 Posted : Wednesday, March 27, 2013 7:21:46 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wondergirl wrote:
hisah wrote:
kazee wrote:
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.



@Hisah. CFCI appears to have found its resistance at 10.0. A slide down appears to have started

The bus has encountered a puncture. No worries, the journey will resume.


Hisah,
What do you think is the fair price for CFCI?
Is it too late for a damsel to ride on it for the medium term?

My target price is 10.50 for my trade setup. If you aim for the same let the price slide lower to 8.50 - 8.80. Please note that my picks are usually short term trades since I'm a trader. For more valuation (value investing) @deal, @guru, @vvs, @mwekezaji, @aguy, @stockmaster, @youcant and many more can help out.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2782 Posted : Wednesday, March 27, 2013 7:31:54 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
mlennyma wrote:
@aguy let me listen to my instincts and see if i can follow suit.


Careful though. I was here purely for speculation purposes and it rallied even beyond my targets. I didn't sell coz of any other reason. If i trusted management i could have held on for longer.

Diplomacy calls for speculation to be referred to as trading smile

@aguy became a trader for a moment smile or @aguy became a speculator for a moment.

Speculator vs trader, me thinks the latter sounds better smile

In some certain global quarters the term speculator would make one be 'given the eye' smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2783 Posted : Wednesday, March 27, 2013 8:29:38 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Tomorrow is the last trading day for Q1 2013. If NSE20 closes above 4700 it'll be up 6% plus for the month and 13% plus in 2013 (YTD). Quite a solid performance will that sizable election barrier.

Still the election veil is hanging around since Nov 2012, which I expect to be cleared once the courts are done with the ruling. I'm sure fund managers that missed the 5 month ride will load up as soon as the veil is lifted. Will wanjikus be able to catch up that fast moving bus?

I continue putting my skin on the line and patiently wait for that stampede, which had a preview 2 weeks back.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
symbols
#2784 Posted : Wednesday, March 27, 2013 10:11:04 AM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
Anyone noticed financials have taken the lead?
Aguytrying
#2785 Posted : Wednesday, March 27, 2013 10:21:22 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
mlennyma wrote:
@aguy let me listen to my instincts and see if i can follow suit.


Careful though. I was here purely for speculation purposes and it rallied even beyond my targets. I didn't sell coz of any other reason. If i trusted management i could have held on for longer.

Diplomacy calls for speculation to be referred to as trading smile

@aguy became a trader for a moment smile or @aguy became a speculator for a moment.

Speculator vs trader, me thinks the latter sounds better smile

In some certain global quarters the term speculator would make one be 'given the eye' smile


Ha ha. I think I was speculating. I saw the company was undervalued for no good reason and I expected good results and a dividend. Which all came true. Isn't trading more of riding the momentum or expected momentum. I speculate with a defined portion only to keep ze blood running and I never confuse the the long holds with speculation. Cfci due to good gains started becoming a grey area and had to let it go.

Interesting arguement though.
The investor's chief problem - and even his worst enemy - is likely to be himself
dunkang
#2786 Posted : Wednesday, March 27, 2013 10:27:27 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
live feeds? Anyone?
Receive with simplicity everything that happens to you.” ― Rashi

hisah
#2787 Posted : Wednesday, March 27, 2013 11:01:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
JHL prints a high of 250/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#2788 Posted : Wednesday, March 27, 2013 11:13:22 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
JHL prints a high of 250/-

Congrats you sure have called the insurance companies
The investor's chief problem - and even his worst enemy - is likely to be himself
Kanjora1
#2789 Posted : Wednesday, March 27, 2013 11:26:25 AM
Rank: New-farer


Joined: 8/7/2012
Posts: 39
If ICDC aka Centum hits 25/- I'll need to start looking for somewhere to park my yacht! Good times beckoning (whistles to myself)...
Sufficiently Philanga....thropic
#2790 Posted : Wednesday, March 27, 2013 11:54:55 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
hisah wrote:
Tomorrow is the last trading day for Q1 2013. If NSE20 closes above 4700 it'll be up 6% plus for the month and 13% plus in 2013 (YTD). Quite a solid performance will that sizable election barrier.

Still the election veil is hanging around since Nov 2012, which I expect to be cleared once the courts are done with the ruling. I'm sure fund managers that missed the 5 month ride will load up as soon as the veil is lifted. Will wanjikus be able to catch up that fast moving bus?

I continue putting my skin on the line and patiently wait for that stampede, which had a preview 2 weeks back.

Been a Great quarter.
My predictions for Q2 is that the bull will continue reigning supreme in April as investors take positions ahead of Q1 results from banks & FY for Mpesa then a slow May 15th- Jun 15th and then finally momentum will increase in the last 2weeks of Q2.
My 2bobsmile
@SufficientlyP
mlennyma
#2791 Posted : Wednesday, March 27, 2013 12:05:42 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Have you noted that whenever equity stock moves up,hfck climbs to seat where it was seated?
"Don't let the fear of losing be greater than the excitement of winning."
symbols
#2792 Posted : Wednesday, March 27, 2013 12:08:59 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
There is something worryingly wrong with the NSE
Aguytrying
#2793 Posted : Wednesday, March 27, 2013 12:12:36 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
Have you noted that whenever equity stock moves up,hfck climbs to seat where it was seated?


I have also seen that. The gap stays the same. Same with kcb and equity , but now I think member will catch up. Also centum follows hfck in the same way the gap stays.
By this current pattern member heading to 40 and hcfk headed to 30.00.

In other news demand for member @33.50 and no supply
The investor's chief problem - and even his worst enemy - is likely to be himself
mlennyma
#2794 Posted : Wednesday, March 27, 2013 12:45:32 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Data flow in my online platform is jammed and not updating.
"Don't let the fear of losing be greater than the excitement of winning."
dunkang
#2795 Posted : Wednesday, March 27, 2013 12:50:25 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
mlennyma wrote:
Data flow in my online platform is jammed and not updating.

thats just provisional, don't mind.
Receive with simplicity everything that happens to you.” ― Rashi

hisah
#2796 Posted : Wednesday, March 27, 2013 2:39:08 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
FTSE NSE15 and 25 indices are ending today with a bang. Up 1.97% and 2.13% respectively towards session close.

NSE20 will likely reclaim the 4800 handle or close just shy of it.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2797 Posted : Wednesday, March 27, 2013 5:06:29 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
How long does it take NSE to compute the day's index metrics? Or are the staff using abacus to do the math?? Very unprofessional for a bourse that wants to go global...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
symbols
#2798 Posted : Wednesday, March 27, 2013 5:11:42 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
ChessMaster wrote:

6.When ATS and Online trading systems stop failing
24.When NSE is more frequent and confident with their 'twirra' updates.

youcan'tstopusnow
#2799 Posted : Wednesday, March 27, 2013 5:17:29 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
How long does it take NSE to compute the day's index metrics? Or are the staff using abacus to do the math?? Very unprofessional for a bourse that wants to go global...

Why can't it be real time?
GOD BLESS YOUR LIFE
murchr
#2800 Posted : Wednesday, March 27, 2013 6:03:16 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:

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.


Today 250/- printed. Are you off the ship or will you sail further?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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