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Madness at the NSE
researchfirst
#1061 Posted : Thursday, September 15, 2016 2:42:17 PM
Rank: Member


Joined: 2/24/2015
Posts: 154
Location: Nairobi
Shak wrote:
Spikes wrote:
Ericsson wrote:
There is a rout coming.
Ngoja next week Wednesday when federal reserve raises interest rates



There are prudent signs of not raising FED rates as suggested by insiders!

For those of us who are not financial gurus please explain how a rise in interest rates in the US will affect the stock market


Read this for a brief explanation: http://theconversation.c...emerging-markets-51431.


VituVingiSana
#1062 Posted : Thursday, September 22, 2016 7:04:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,056
Location: Nairobi
Who else subscribes to myStocks?
Have you used the app?
https://play.google.com/...=ke.co.synergy.mystocks

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1063 Posted : Thursday, September 22, 2016 2:13:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Huge dumping of safaricom shares.
More than 88mn shares traded which gives a turnover of more than sh.1.7bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#1064 Posted : Thursday, September 22, 2016 2:28:16 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Ericsson wrote:
Huge dumping of safaricom shares.
More than 88mn shares traded which gives a turnover of more than sh.1.7bn

it can't be dumping when price is stable and gaining use another word
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#1065 Posted : Thursday, September 22, 2016 2:53:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Mlenyama
I've observed and followed keenly on safaricom movement since special dividend was announced.
Tomorrow let's see how price behaves.
The trade is also coming immediately aftet federal reserve announcement on interest rates
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1066 Posted : Thursday, September 22, 2016 3:00:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Now 105mn turnover of over sh.2bn.
These volumes haven't been seen the whole of this year and last time we had such a huge volume in a trading day was immediately after the IPO when trading commenced
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Metasploit
#1067 Posted : Thursday, September 22, 2016 3:15:03 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Ericsson wrote:
Now 105mn turnover of over sh.2bn.
These volumes haven't been seen the whole of this year and last time we had such a huge volume in a trading day was immediately after the IPO when trading commenced


Interesting! Very interesting

19.50 is/was* an obstacle..VWAP 19.40
Closing price 19.40 (Thinly)
Closing demand total at 4.32M against 1.58M with demand clustered at 19.20 and supply clustered at 20 (1.27M)

Also Good volumes in equity (17M) with price closing at 26.75 (Ignoring 300 shares traded at 26.50 just before closing) and VWAP at 26.50

Heavy foreign plays at both

Shift from KCB to Equity as regards to bidding pressure

*Waiting for next week on determination of direction
*will watch traded volumes on some global indices today


“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
hisah
#1068 Posted : Friday, September 23, 2016 8:01:24 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Huge dumping of safaricom shares.
More than 88mn shares traded which gives a turnover of more than sh.1.7bn

Support at 15 handle is still intact. The current rally in the harsh bear has very few believers. Perfect!

FTSE UK... This index has been coiling post brexit. One heck of an explosive rally coming up supported by that huge volume spike on brexit panic.

Will the FTSE explosion drag along everyone with it?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ericsson
#1069 Posted : Friday, September 23, 2016 8:20:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
@hisah
So we wait for it at sh.15
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Spikes
#1070 Posted : Friday, September 23, 2016 9:37:45 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Ericsson wrote:
@hisah
So we wait for it at sh.15



Yes. It has been my dream, my song.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Angelica _ann
#1071 Posted : Friday, September 23, 2016 10:10:40 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Spikes wrote:
Ericsson wrote:
@hisah
So we wait for it at sh.15



Yes. It has been my dream, my song.

Keep on waiting, kumeza mate ni free smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
hisah
#1072 Posted : Friday, September 23, 2016 10:11:57 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
@hisah
So we wait for it at sh.15

I don't see how the price will dip vs that support level. I expect a retest of 21.50 after filling the gap at 20 handle as the price gapped down exdiv.

My target is still 23 since nothing has changed as per the current structure. Once we get there I'll evaluate what next.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ericsson
#1073 Posted : Friday, September 23, 2016 10:36:08 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
@hisah
23 ni ndoto for now.We are heading towards elections so investors will be shying away.
Funds may move to Nigeria if they manage to stabilise their market.
After elections is when you can talk about 23.
15 is a possibility between now and polls date
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
hisah
#1074 Posted : Friday, September 23, 2016 10:40:41 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
@hisah
23 ni ndoto for now.We are heading towards elections so investors will be shying away.
Funds may move to Nigeria if they manage to stabilise their market.
After elections is when you can talk about 23.
15 is a possibility between now and polls date

No problem. But from my experience, markets don't operate logically especially when curve ball events trigger e.g. brexit and in KE the shock rate cap.

Few expected KE bank stocks to crash. Many expect mpesa bank to slide smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ericsson
#1075 Posted : Friday, September 23, 2016 10:46:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
@hisah
Brexit they have still not yet started the process of exiting.
Britain has already started feeling the impact.
Real estate is feeling the effects of low sales and falling demand.
The hotels are starting to have low bed uptake as number of visitors/tourists start reducing.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Metasploit
#1076 Posted : Friday, September 23, 2016 11:12:04 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
hisah wrote:
Ericsson wrote:
@hisah
23 ni ndoto for now.We are heading towards elections so investors will be shying away.
Funds may move to Nigeria if they manage to stabilise their market.
After elections is when you can talk about 23.
15 is a possibility between now and polls date

No problem. But from my experience, markets don't operate logically especially when curve ball events trigger e.g. brexit and in KE the shock rate cap.

Few expected KE bank stocks to crash. Many expect mpesa bank to slide smile



Thought many expected

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
lochaz-index
#1077 Posted : Friday, September 23, 2016 12:21:19 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
@hisah
23 ni ndoto for now.We are heading towards elections so investors will be shying away.
Funds may move to Nigeria if they manage to stabilise their market.
After elections is when you can talk about 23.
15 is a possibility between now and polls date

That's a very big IF. In my opinion, I don't think Nigeria is anywhere near getting out of the woods just yet.

The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#1078 Posted : Friday, September 23, 2016 12:45:19 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Metasploit wrote:
hisah wrote:
Ericsson wrote:
@hisah
23 ni ndoto for now.We are heading towards elections so investors will be shying away.
Funds may move to Nigeria if they manage to stabilise their market.
After elections is when you can talk about 23.
15 is a possibility between now and polls date

No problem. But from my experience, markets don't operate logically especially when curve ball events trigger e.g. brexit and in KE the shock rate cap.

Few expected KE bank stocks to crash. Many expect mpesa bank to slide smile



Thought many expected

Not exactly and certainly not in this forum. A while back it was considered sacrilege to suggest KCB would trade at the price of 35 same to Equity. Now both are at sub 30, no prizes for guessing the wrath you would have incurred for even contemplating such.

Many view the market through short term and blinkered lenses plus a heavy dose of emotional attachment. It works perfectly when things are going your way but when situations change and projections are thrown off course, panicky decisions are made and heavy losses sustained.
The main purpose of the stock market is to make fools of as many people as possible.
hisah
#1079 Posted : Friday, September 23, 2016 1:15:04 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
hisah wrote:
Ericsson wrote:
@hisah
23 ni ndoto for now.We are heading towards elections so investors will be shying away.
Funds may move to Nigeria if they manage to stabilise their market.
After elections is when you can talk about 23.
15 is a possibility between now and polls date

No problem. But from my experience, markets don't operate logically especially when curve ball events trigger e.g. brexit and in KE the shock rate cap.

Few expected KE bank stocks to crash. Many expect mpesa bank to slide smile



Thought many expected

The golden handcuffs call was flagged back in September 2014 for the financial sector (banks, insurance and investments) via equity, britam and centum counters as examples. Members were extremely bullish on financials. Perfect ground for distribution without rocking the boat as the monkeys were offloaded!

After a few bank closures and a nasty rate cap shock the majority are now bearish. Bear party extremes.

The market always flips against the crowd!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1080 Posted : Friday, September 23, 2016 1:29:01 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
@hisah
Brexit they have still not yet started the process of exiting.
Britain has already started feeling the impact.
Real estate is feeling the effects of low sales and falling demand.
The hotels are starting to have low bed uptake as number of visitors/tourists start reducing.

As per the ONS (Office for National Statistics) Brexit hasn't rocked the boat! What you have quoted was already unfolding pre-Brexit.

UK has saved itself from the sinking euroland deflation drama. They'll sign up trade deals with anyone who is willing without asking for permission from empire EU. Funds will flow out of EU into UK.

Just get any euro note and keep it as a souvenir coz it will be worthless in a few years unless the EU miraculously survives the expected fallout.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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