Simplified wrote:Quote:“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well”: Warren Buffett
@vvs:So whats your opinion on KQ, buy now or wait?
If you wish to speculate on the share, I believe one can buy, if the share dips below 35. However, you need to be very nimble on your feet to make a quick exit!
Long termers need not rush into the share until the fund raising situation is clarified. But if you can take the risk of a drop in the event of a rights issue being announced, 35 is certainly not a bad price to be getting in at. The share could well head back beyond 50 with good 2011 results and reduced international fuel prices. The drop in the shilling's exchange rate is also likely to help out KQ's bottomline. Fortune favours the bold, or so they say.