@QW, you will probably remember we had this debate on Wazua in December last year. At the time KCB was hovering just above Kshs 15. At the time, some were predicting that it would tumble even further. Of course some of us bought and we are now reaping the rewards.

However, we will be quite happy to see it get back to 14 if it ever will - It will allow us to enjoy yet another ride to Kshs 20+ when rationality resumes. It always does, it just takes some time.

But then we have called the end of the bear often enough without success. Nowadays, its better to just buy when you believe a stock has been severely beaten down. As long as it is a strong company that is growing both revenues and profits (KCB qualifies), a lower price is always better than a higher price and I will vote for it every time AND I WILL BUY.

Volume spread tea leaves reading...

BAT topped out at 320s as per volume spike - same as what KK did back in July.


KCB too exhibiting the same. Will not rally as expected on solid results just like HFCK.


Definitely I get some heavy bashing stating the same esp on roar. In 5,4,3,2,1 - @cde and @guru

Possibly.

Environment?

Thank God the Al-Shabaab war bill is going to be off our backs once we become part of Amisom. Do we know what it's cost us?

Thank God it's raining...

Thank God inflation dipped...

However, if fuel driven inflation played a major role in negative economic growth well then we headed back there. Tensions high in the Gulf with the possibility of a war placed at most 12-18 months from now. An oil price surge will flatten any little confidence in the recovery of the global economy. US knows that and is currently begging Israel to play peace. Will they win?...Oil is on 10 month highs even before sanctions (peacetime option) take place...

Add current total crop failure in parts of Kenya due to bad seeds..incoming food import bill up..

Add expensive devolution bill in our to be read budget...

Add an election year in Kenya...

Let me stand accused of playing caution so far.

NB: Meanwhile babysitting KK and ooops NBK caught my interest again..

I am looking at the volumes on bluechips today and the top 5 look like this...

EQTY 5.12M
KCB 1.54M
TCL 1.28M
SCOM 5.42M
KENO 1.43M





Interesting volume building up on resistance on KCB, member and KK. These 3 want to go up...

The volume on tranny is also heavy. What's cooking here...

Africa's top retirement fund in overseas investment push
South Africa's Government Employees Pension Fund (GEPF) is considering investing around $22 billion outside the country to diversify its risks and some of that may go to other African countries and emerging markets.
http://af.reuters.com/ar...s/idAFJOE82Q03U20120327
Si walete hio pesa huku!