ORTE related ( Mobile Banking)

ArabFinance:
National Telecom Regulatory Authority (NTRA) is looking into providing
licenses for Mobile banking after its popular success in more than one
local and international bank.

Dr.Amr Badawi,Executive Manager of
NTRA said that a team is working with Central Bank Of Egypt (CBE) To
determine the necessary framwork to organize the licensing of this new
service.

He added that the main reason for this step is the increased activity of mobile banking providers recently.

He said that Mobile Banking in Egypt now consists of balance information plus Credit Card transactions.

It is worth noting that METCO communications leads in Mobile banking,its
ventures include National Bank Of Egypt (NBE),National Societe General
Bank (NSGB),Piraeus Bank, Credit Agricole,National Bank and Banque
Misr. HSBC is run by a central system operation from Hong Kong and Citi
Bank is run through a similar system from london.

Orascom Telecom has already announced its drive to establish a company specialized in Mobile Banking and money transfering.

CASE30 22Apr2008

- CASE30 has generated a buy signal yesterday intending to move up.
- I would have bought the index @ 11,902 and stop loss pointed @11,705
- This is a very optimistic point of view, that I personally still in the "NOT believing" stage.
- One will see wonders the coming days, especially that the famous Orascoms (ORTE, and OCIC) are swinging fast.
- OCIC somehow reminds me of the swings just BEFORE the announcement of Lavarge scheme.
- ORTE is ALREADY playing games after the intention to buy around 10% of the market with 83LE (market price was 75LE)
- ONE may say that he is already SELLING, or making way for WIND (partner- Mr. Nagib already chairman) to sell with a better price within our market.
- I have no comment for the above quote.
- Technically, I would still buy the index, and act accordingly and watch the 11,705 point.
- Needless to say that the 11,500 point is now stronger, and now have the 50 days moving average supporting this point.

ACGC 22Apr2008

- Facts:
- ACGC penetrated the 12.90LE DOWN
- ACGC penetrated the 12.34 LE DOWN
- ACGC is really targetting 11.50LE "Target 1"

- Estimates:
- As I already stated before, upon penetration of the 12.90LE support, the security may rebound on 11.50LE and swing between 11.50 ~ 12.34 or 12.90 (Circled in graph), which will be profitable for many (9% or more).

ASCM 21Apr2008

-ASCM is now accumulating above a good support point.
- The security is showing high volumes.
- The major trend is up.
- The short term is sideway.
- Very risky to break down the 200LE level
- Still, investors are obliged to accumulate within this Febo level (38% level)
- RMO traders will NOT enter the security until 235 level penetrated upward.
- Swingers will trade the sideway 200 ~ 234LE range 17%
- The security is known to move UP fast intra-day level, yet very slow for EOD traders.

OCIC 21Apr2008

- The security is hitting new targets every day
- Volumes was high during the accumulation period BEFORE every move up.
- The money flow index still has some to offer, and NOT in a danger zone.
- The stockastic is NOT over bought yet, so the way should be clear to higher levels.
- According to Febonacci projection levels, I am targeting settlement over the 50% level (452LE)
- Or maybe a settlement over the 61.8% (470LE)
- This security is heaven for RMO traders, then next three months is expected to be really good for the security holders.

Let us wait and see

ACGC swingers

 

- Active swing traders prtected their gains by selling between 13 ~ 12.90LE
- A good buy signal is a rebound above 11.40 or from 12LE
- 13LE will be the first target, so swingers will aim at trading a 12~13 swing.
- I guess RMO traders (the ones still holding) will exit upon penetrating 12LE down.
- I do NOT have expectations for the security. I would recommend sing trading as above ONLY.
- I ammore than interested to see how ACGC will be performing the coming weeks.
- The security is still bullish, thus I will be willing to trade it (goofy me)

CASE30 been sold for active swing traders

 

CASE30 14Apr 2008

- The CASE is STILL BULLISH.
- Still in an UPTREND in ALL levels (short, medium and long).
- Short term up-trend is weakening.
- The index has to confirm the stressed so called Egyptian economy strength and get to higher levels (12000) within the coming 3 days.
- I would SELL the index if confirmed a close bellow 11400, so I am critical now.
- This does NOT mean I would NOT bye in the nearest rebound.
- I would be just making sure I am taking advantage of the swing.
- I am NOT expecting anything, nor know anything.

-ORTE is ready to take the CASE to good levels, the questions is: Are the BULLS ready?

We will wait and see.

EGTS 14Apr 2008

- Good fundamentally.
- Long accumulation period.
- Too many shares.
- Good support point (8.35LE). Company is NOT known to respect support points though.
- Volume penetrated average volume 3 times, once each month!
- This could be due to informants byes or large investors testing the sell power, or maybe accumulating.

- I would bye upon a rebound of 8.35 support and sell well above 9LE as the market permits.(7.7%)
- Safe Swing trading ONLY for the time being.

ASCM 14Apr2008

- Nothing new within this security rather than being a promising investment in the fundamental level.
- The volume of today is bringing up too many questions regarding the identity of the traders, since the volume of today was way above the average volume levels.
- ASCM is sitting on a good support, and is waiting for the bulls to get the lead.
- Bears have finished selling, and investors are accumulating.
- I would NOT go in unless 235LE is well penetrated, as the security is NOT a fast moving one.

ORTE 14Apr2008

- The security is experiencing weakness since the last fall in Jan2008

- The security is trading slightly above a good support point that we surely do NOT want broken (around 72.5)

- The security is a key player in the CASE30 index and is expected to be used to lift CASE30 to higher levels as goes on within the market these days.

- We should strictly watch this security during the next couple of weeks.

- Breaking down the support point will lead to further declines within the market itself.

- Going up to 80s and 90s levels should help CASE30.

- Security is expected to boom while the second land lines license is put to action in the very near future to get to its fair value.

- I would watch closely and buy upon the penetration of 81 level targeting 95 minimum (8.3%) in the short term.

- Longer term targets can be stated once penetrated the 95 resistance.

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ACGC Mon.14Apr2008

- I think ACGC has some possibilities in short term.
- I would put a profit protect point of 12.90LE in the next couple of sessions.
- Going deeper than this point will result in a trading range 11.40 ~ 12.90
- ACGC jumped the latter range in ONLY two days.
- Let us wait for tomorrow's session and check the performance of the stock.