Wazua
»
Investor
»
Stocks
»
Mumias Sugar huge demand
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
|
hisah wrote:Watching this one keenly for I don't think 3/- will hold up when it breaks...
@hisah did'nt get that clearly..., a likely of it going a new low!!! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
SittingPretty wrote:hisah wrote:Watching this one keenly for I don't think 3/- will hold up when it breaks...
@hisah did'nt get that clearly..., a likely of it going a new low!!!
The chart and vol spread is very bearish to make 3/- level a strong support. This counter has been breaking all time lows since cracking below 3.50/- (GFC all time low). Today a new low has printed @3.05.
Back in Nov 2013 a vol spike traded @3.50 and the price direction has been down. Last yr the highest vol spike was in July @4.30 - 4.50 level. That was distribution (selling).$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
|
hisah wrote:SittingPretty wrote:hisah wrote:Watching this one keenly for I don't think 3/- will hold up when it breaks...
@hisah did'nt get that clearly..., a likely of it going a new low!!!
The chart and vol spread is very bearish to make 3/- level a strong support. This counter has been breaking all time lows since cracking below 3.50/- (GFC all time low). Today a new low has printed @3.05.
Back in Nov 2013 a vol spike traded @3.50 and the price direction has been down. Last yr the highest vol spike was in July @4.30 - 4.50 level. That was distribution (selling).
Thansk@Hisah Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
when I dont fetch the low, I'm motivated to buy more.
@ sugar guru. say something The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Member Joined: 1/16/2014 Posts: 114
|
this thing might not go below 3 bob not because of any change in attitude but due to sellers fatigue. If the support level at 3 is broken then 2.50 might be a reality too. fear makes people live a miserable life.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Kenya sugar output seen up 17% in 2014 - CNBC Africa http://www.cnbcafrica.co...tput-seen-up-17-in-2014/
|
|
|
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in..
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,910
|
MaichBlack wrote:MaichBlack wrote:I have an order pending at 3.00/=. I'm not adjusting it for now!!!
Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!!
Haya basi, nime adjust my order price to 3.10/=
My order went through at 3.10/=
Just ordered some more today!!!
I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
MaichBlack wrote:MaichBlack wrote:MaichBlack wrote:I have an order pending at 3.00/=. I'm not adjusting it for now!!!
Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!!
Haya basi, nime adjust my order price to 3.10/=
My order went through at 3.10/=
Just ordered some more today!!!
I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!!
At Ksh 3.50/= you'll be on 11% appreciation  The volumes though..
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
ecstacy wrote:What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in..
hey! I wrote a long extract on mumias a few pages back bana. nav is around 9.00.
can't wait to sell this at 13.00. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Wazua
»
Investor
»
Stocks
»
Mumias Sugar huge demand
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.