MaichBlack wrote:HaMaina wrote:streetwise wrote:I see a 9.00 this year
If the current 8.7% daily increase continues then 9.00 would be in around 16 days.
That level of momentum can't be maintained for 16 days. The increase might cool off by Thursday/Friday. Sellers will balance or over supply the demand. Monday will be msema kweli. Back down, flat or very gradual increase. More news might affect this though.
I think your right, it doesn't make sense any more today its began at 10%. Someone somewhere must know something and is trying to maximize on returns.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham