Testing 5/- as it sets yet another all time low.
All time high post listing 25/-
Listing price was 12/-
Spectacular volatility on this counter aka prime ulcers centrals or overdose capitulation for anyone that has tried to catch the falling knife. Coop, Britam and mpesa bank never tanked this much post listing!! One would think the real estate mart in KE has good full bust... Mispriced (over hyped) listings never work in a mart where the crowd (wanjikus) are not properly roped in.
@deal - is your fair value still 12.40 for this thing?
Who else will want to list at the GEMS market segment? I like the fear in this segment
Will be a nice place to play penny stocks for those that brave the fear and list, but with sensible metrics. In future when those brave firms have become x5 or x10 gainers, wanjikus will be the most bullish just when the party stops...
Markets are best to venture into when it feels like the above photo.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!