When selling of course. Soon you'll be desperate wanting to sell to avoid the bear eating you up!

Leading the losers board today was Pan Africa Insurance (PAI), the stock declined by 6% or Sh2 to close at Sh30.20, the stock has lost almost 23% in July. Following PAI on the losers board today was Kenya Re, the stock declined by 5.2% to close at Sh8.05. 2011 will be a tough year for Kenyan Insurance stocks, since most of them derive their income from the NSE, in one of our research reports we carried here at Contrarian Investing Kenya, it was shown that apart from CIC Insurance almost all Insurance Companies we surveyed made underwriting losses thus leaving the bourse as their only source of income. I expect the high inflation which stood at 15% in June to slow insurance uptake and also negate any return from debt instruments whose return is around 9%

Read more here http://www.contrarianinv...-slightly-stronger.html

I think that even with the anticipated fall in profits, people are going to make money from this IPO. Remember CFC Insurance Holdings & its listing? The analysis done on the share showed it as overpriced & it's almost double its introductory price as of now. The one share that everyone never trusted from the word go was TCL & it was all because of the type of investments made & some of the investors. Thus i still think their is some cash to be made here.

@cynic. What price do you hope to sell at?

@the deal. NSE is also not doing well.