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How to tell NSE has bottomed out
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Aguytrying
#1861 Posted : Thursday, January 10, 2013 11:25:14 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
It is Kengen's turn to rally. Looking at the board, the way is now open to 10.00. only supply at 9.50, with bids furiously building now at 9.30. kumbe this is how guys have been enjoying
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#1862 Posted : Thursday, January 10, 2013 11:39:08 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
It is Kengen's turn to rally. Looking at the board, the way is now open to 10.00. only supply at 9.50, with bids furiously building now at 9.30. kumbe this is how guys have been enjoying

I need the breaks on since I plan to accumulate slowly. Pray
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#1863 Posted : Thursday, January 10, 2013 12:00:12 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
It is Kengen's turn to rally. Looking at the board, the way is now open to 10.00. only supply at 9.50, with bids furiously building now at 9.30. kumbe this is how guys have been enjoying

I need the breaks on since I plan to accumulate slowly. Pray


My friend there is no slowly here. you've seen how it has been moving from 8.80 to 9's with larger than normal volumes.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#1864 Posted : Thursday, January 10, 2013 12:08:38 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
KENGEN 550,000 demand at 9.50!
The investor's chief problem - and even his worst enemy - is likely to be himself
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FUNKY
#1865 Posted : Thursday, January 10, 2013 5:20:59 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Some 21M shares valued at Kes.499M were traded in 1,588 deals, down from 30M shares that were valued at Kes.822M posted yesterday.

The NSE 20 Share Index up 14.70 points to stand at 4319.73.
All Share Index (NASI) shed 0.01 points to stand at 101.02.

FTSE NSE Kenya 15 Index was up 1.30 points to settle at 132.91.
FTSE NSE Kenya 25 Index was up 1.28 points to settle at 136.12.
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murchr
#1866 Posted : Thursday, January 10, 2013 6:00:02 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Aguytrying wrote:
It is Kengen's turn to rally. Looking at the board, the way is now open to 10.00. only supply at 9.50, with bids furiously building now at 9.30. kumbe this is how guys have been enjoying

I need the breaks on since I plan to accumulate slowly. Pray


Same here, this rally is not working to my adv. Some slowdown is needed. Genghis(sp) report could be the cause of this
"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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MoneyMonger
#1867 Posted : Thursday, January 10, 2013 6:02:28 PM
Rank: Member

Joined: 4/25/2012
Posts: 110
hisah wrote:
Aguytrying wrote:
It is Kengen's turn to rally. Looking at the board, the way is now open to 10.00. only supply at 9.50, with bids furiously building now at 9.30. kumbe this is how guys have been enjoying

I need the breaks on since I plan to accumulate slowly. Pray


I need the breaks on too! I need more.. come on Mr. Market... but that the way it is; we can all be laughing at the same time about the same counter.
There is nothing as dangerous as an Idea, when there is only one Idea
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hisah
#1868 Posted : Thursday, January 10, 2013 7:22:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE20 closes @4,319.73. The rally has clocked 186pts since Jan 2 2013 emphatically bolting out of the gates! Quite odd is the fact while MSCI KE index is setting new all time highs above 5yr highs together with NASI, NSE20 is still lagging behind even above 4300pts! It's all time high was set at 6161 back in June 2008. So it still has a lot of layers to go before it starts setting all time highs. But amid all the excitement, note that all indices have overstretched technical readings, which points to a near term pullback (correction).

As for the MSCI KE index as of yesterday (9th Jan) the index is now setting all time highs @1248! It's 38pts above the former high record @1210. The breakout from the 5yr falling trendline has been fierce!

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ChessMaster
#1869 Posted : Thursday, January 10, 2013 7:43:47 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
This is interesting. I think I'll get in with access,kengen and kenyare.
Uncertainty is certain.Let go
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Mukiri
#1870 Posted : Thursday, January 10, 2013 8:15:18 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Aguytrying wrote:
hisah wrote:
Aguytrying wrote:
It is Kengen's turn to rally. Looking at the board, the way is now open to 10.00. only supply at 9.50, with bids furiously building now at 9.30. kumbe this is how guys have been enjoying

I need the breaks on since I plan to accumulate slowly. Pray


My friend there is no slowly here. you've seen how it has been moving from 8.80 to 9's with larger than normal volumes.


Boss, a tentative plan is a good thing to have, no?

These are some of the dynamics I've seen in play
1. Genghis capital have valued this stock at 20.90
2. From my observation of Mpesa and Simba, there's a strong rally where prices shoot up, then slightly fall and stall.
3. Elections are not far off. Prices are bound to fall then, no?

Questions here are?
Will this rally on Kengen get to 20Pray And if so when? If the 'when' is way after election, what is to be done in the short-term ie take profits at the peak, wait for price correction and re-stock, What is the expected peak here? (@hisah prediction for mpesa was spot-on 5.80-6)

Whats the plan?

Proverbs 19:21
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