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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:Metasploit wrote:Bargain window closing!
I have picked HFCK at 30,CFC at 85, KQ between 11.45 and 11.70 and Safcom at 11
Tried Kengen at 11.60 but it failed.
All in all thanks to the sellers!
And watch Kenya Re (the volumes) The bellweather rebounds and on solid demand confirming the floor and change in trend! Still discount trading on some of the counters!dont know why the fear on KCB trading at a quick > 15% gain Simba and member don't look nice on the charts. That sinking feeling... KCB is testing below 50SMA @43.30 while EQTY already closed below the 50SMA @33.25 and looks likely to test 100SMA @27.85 and on decent vol spikes from the tops. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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KCB has been affected by the non-payment of contractors by GoK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:Cde Monomotapa wrote:I think to re-balance the view on the Eurobond, we should also consider QE from the BoJ, ECB & BoE. @hisah I'm looking at it from a perspective that there must be yield seekers out there. So if they have devaluing Yens, Euros & or GBPs, then why not buy into a USD frontier sovereign bond and make 6-7%? Especially one with a strong emerging mineral & hydrocarbon play? Glorified by the IMF too.  (distorts the Junk Bond look in the long run - tenor) What do you think? I share the same view. KE offers a better play for yield chasers. So the pie should see oversubscription. And if so the stocks will be discounted so that those that miss out get in on bargains. Chief, let's see what the Ratings Vigilantes have to say too. Apparently, they've had a sleuth on the ground in Jan... Fitch Teleconf: Prospects for Kenya - Tuesday 4 Feb, 11:00 GMT http://www.reuters.com/a...d-idUSFit68926720140203
Kenya to press ahead with Eurobond, undeterred by tapering; "We have not seen major revision of interest rates globally and that is why we are working quite fast to ensure we complete the process as quickly as possible," Henry Rotich said. http://www.reuters.com/a...d-idUSL5N0L81O120140203
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Metasploit wrote:Metasploit wrote:Bargain window closing!
I have picked HFCK at 30,CFC at 85, KQ between 11.45 and 11.70 and Safcom at 11
Tried Kengen at 11.60 but it failed.
All in all thanks to the sellers!
And watch Kenya Re (the volumes) The bellweather rebounds and on solid demand confirming the floor and change in trend! Still discount trading on some of the counters!dont know why the fear on KCB trading at a quick > 15% gain Simba and member don't look nice on the charts. That sinking feeling... KCB is testing below 50SMA @43.30 while EQTY already closed below the 50SMA @33.25 and looks likely to test 100SMA @27.85 and on decent vol spikes from the tops. 100 %Agreed. Simba has failed to cross over 49 ksh resistance thrice and consequently setting lower Highs (50 Ksh on 23 Oct,49.50 on 25th Nov and 49 on 6th Jan) and lower Lows (45.75 on 8th Nov,44.25 on 18th Dec and 42.25 today).I believe it has bottomed FOR TODAY and poised to bounced very quickly to another lower HIGH(47.50)!which is actually 11-12% !But dangerous play it is (Actually realised the two brothers do app 10% after flooring) For equity,31 is the new resistance!
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:Cde Monomotapa wrote:I think to re-balance the view on the Eurobond, we should also consider QE from the BoJ, ECB & BoE. @hisah I'm looking at it from a perspective that there must be yield seekers out there. So if they have devaluing Yens, Euros & or GBPs, then why not buy into a USD frontier sovereign bond and make 6-7%? Especially one with a strong emerging mineral & hydrocarbon play? Glorified by the IMF too. (distorts the Junk Bond look in the long run - tenor) What do you think? I share the same view. KE offers a better play for yield chasers. So the pie should see oversubscription. And if so the stocks will be discounted so that those that miss out get in on bargains. Chief, let's see what the Ratings Vigilantes have to say too. Apparently, they've had a sleuth on the ground in Jan... Fitch Teleconf: Prospects for Kenya - Tuesday 4 Feb, 11:00 GMT http://www.reuters.com/a...d-idUSFit68926720140203
Kenya to press ahead with Eurobond, undeterred by tapering; "We have not seen major revision of interest rates globally and that is why we are working quite fast to ensure we complete the process as quickly as possible," Henry Rotich said. http://www.reuters.com/a...d-idUSL5N0L81O120140203 sawa comrade. And where id youcant go? Too quiet... We need the memobank back now that the volatility is causing interesting debates... Need the scribe back to record the yellings $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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NSE20 slide continues as it sheds 0.58% to close at 4,828.34 on the 1st day of Feb. Still trying to find support and a bit worrying if it can't bounce at the 50SMA level at 4839. The next moving average level (100SMA) is settled at 4347. The 2 big banks are already below their 50SMA levels while EABL is bouncing at the 100SMA and BAT is looking very toppish and will likely slide below the 50SMA level @563 unless solid support comes in. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:Cde Monomotapa wrote:I think to re-balance the view on the Eurobond, we should also consider QE from the BoJ, ECB & BoE. @hisah I'm looking at it from a perspective that there must be yield seekers out there. So if they have devaluing Yens, Euros & or GBPs, then why not buy into a USD frontier sovereign bond and make 6-7%? Especially one with a strong emerging mineral & hydrocarbon play? Glorified by the IMF too. (distorts the Junk Bond look in the long run - tenor) What do you think? I share the same view. KE offers a better play for yield chasers. So the pie should see oversubscription. And if so the stocks will be discounted so that those that miss out get in on bargains. Chief, let's see what the Ratings Vigilantes have to say too. Apparently, they've had a sleuth on the ground in Jan... Fitch Teleconf: Prospects for Kenya - Tuesday 4 Feb, 11:00 GMT http://www.reuters.com/a...d-idUSFit68926720140203
Kenya to press ahead with Eurobond, undeterred by tapering; "We have not seen major revision of interest rates globally and that is why we are working quite fast to ensure we complete the process as quickly as possible," Henry Rotich said. http://www.reuters.com/a...d-idUSL5N0L81O120140203 sawa comrade. And where id youcant go? Too quiet... We need the memobank back now that the volatility is causing interesting debates... Need the scribe back to record the yellings  aka waMemory. Sure, Institutional Memory.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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bado sijui mambo ya bolingo bands but hfck shall touch 29 this week
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:bado sijui mambo ya bolingo bands but hfck shall touch 29 this week Excellent  I hope it falls even further.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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What is the NAV for NBK?... #TeamNBK
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