Ericsson wrote:Recent Kengen rise is a classic game of manipulation by the big boys.
KENGEN declared full year profits and announced no dividend.
The small timers panick and begin a selling spree sending the share price downwards to levels of 5.50.
The big boys meanwhile are buying as the share price falls and once they are done with buying they now start the upward push of the share price.
The share price rises so fast and at levels unaffordable for the small timers who sold when the full year results were announced.
Share price will be back to levels pre-full year results announcement and the biggest losers will therefore be the ones who sold due to panick and anger.
Kweli stock market isn't for the faint hearted.
@Ericson,the price is now 6.20.
I did manage to scoop some more at 5.58.My abp is still high at 6.70 so the current price is still a buy for me.
Hy results will be due on february 2017.Let me see between now and then how things turn out.How is your situation?
Towards the goal of financial freedom