mlennyma wrote:obiero wrote:mibbz wrote:Goldilocks Reloaded wrote:Impunity wrote:[quote=Goldilocks Reloaded]The end of the bloodbath may not be too far. Balance between "fear of the unknown" and attractive prices will slow the pace. Already Equity has moved 16M shares today worth 432M and only 1.56% foreign sale. KCB is slightly in the green on foreign activity with foreigners being 6.12% net buyers with total turnover being 12M. Tungoje kidogo tuone. Am not selling or buying just yet.
Care to tell us where you read this info coz from where I sit I cannot see any buys on either KCB or Member.
Let it fall to sub 20 please.
Possibly local institutional investors trying to defend their positions by meeting supply at the mentioned prices! If you look at the supply volumes of KCB and Equity vs say HFCK and Stanchart there is definitely scope for another 10% drop tomorrow.
Do the drops since Thursday imply that banks will have profit drops of over 40%.. Simply no logic
it means banks prices have been riding on exorbitant fees for many years
I went to my broker today and he showed me a big number of pending sell orders all of them from banking investors . This downward game is far from over. Msidanganywe na hakina @obiero.
He further revealed that sellers are instructing him to dispose at market price. The situation is desperately gaining south momentum. Exit stampede in control.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”