Btw those stocks that are below their 2009 surrender lows are the most bearish. When the recovery returns they will rally hard, but will not be good quality since they're regarded worse than in 2009 panic central.
@youcant - I forgot to mention that for mpesa stock it is long term, but that term is not fit for a trader strategy. I prefer using the term accumulation as the recovery builds up. Once the uptrend gets broken, I quit and move to something else. This is why I monitor the index to confirm whether the uptrend trendline is being supportive. If it breaks, I become defensive (sell those stocks that also breakdown). But this year the USDKES was the outlier. Never seen such a currency breakdown without a war or official devaluation by a CB.
And its across EA, which is fishy - more like a currency attack akin to one Soros moves or bond vigilantes that hunt for defaulting money instruments... Btw all should read & understand what chapter 467 of laws of kenya states under the IMF Act - stinks... If I'm ever in a position to alter laws, this would go straight to the dustbin. Yes, I dislike those bretton woods with their economical aid gimmicks & one day when the world if fully awake, they'll be shutdown.
The only issue with the trader strategy is when there is a bargain galore, the greed of getting any stock is difficult to deal with
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!