Once upon a time,there were three farmers. They used to rear dairy cows.

It so happened that there was a severe draught in the land at one time. Fearing that the cows might perish,one farmer woke up one morning and took his cow to the local market. Along the way,he lamented how weak his cow had become. He wondered loudly whether anyone would be interested in buying it. Once at the market,he told all potential buyers 'This cow is very weak. Am not even sure it will reach your destination once you buy it. Am selling it because I fear it may perish in my hands'.

Nobody offered to buy his cow.

The second farmer was in the same situation as the first. Only that he kept a positive attitude. Along the way to the market,he told everyone that his cow was very good,the only problem is that there was a draught but that the cow would recover once the rains start. He repeated the same at the market. Him he was able to fetch a reasonable price for his cow.

Now this is the same thing happening at SK. When one tells everyone to sell because the market is about to collapse and that they do not see any recovery soon,they are behaving like farmer No. 1. In this category I put. Jammo,Simonkabs,Mainat seles,Sober,etc.

When one tells us that what we are seeing is only a temporary setback,they are behaving like farmer No. 2 In this category I put Ectasy

Someone will say that at SK we are very few compared to the investors at NSE. But among us we have jounalists who can influence opinion (remember what KTN business reporter said yesterday about the recent bull run?),fund managers who control billions,high net worth individuals,foreign investors who have no other way of knowing what is happening locally,etc,etc

Let us stop being to too pessimistic and announcing the same at the roof top. Most of this dip is all due to our pessimisim

But Bwana BAAK,lower is where some of us want to be,after hoarding cash for such a long time the rock bottom prices are looking very attractive. Much as I like Equity,I would never have bought it at 250 or 300 but at 93-100,hell yeah.

The cows actually died,didn't they?And the third farmer did not take the cow to the market and it died,right?

Am also sure Richard Branson did not say the market has bottomed out or he knows how low it will really get.

this is not about the market bottom..but since you've mentioned.. you can only know the bottom in hindsight..true? I'm investing for the mid-long term. I see a resistance level develop for a 'value' (not necessarily cheap) counter I'm interested and I simply go invest..slow and staggered.

at BAAK.

Please tell me! If you knew,like you knew,like knew,that for sure,Equity will drop to 93bob,and will rise to 135bob make your 40bob in a period of 1 week,and make super profits. Would you do that? Ama you would just sit there and see 'other farmers' making cash and laughing all the way to the bank! I dont want to know what you would do,but one thing I know! You love cash and I do as well.

This market is being controlled by pure,expert speculators! Not investors. They know the entry point (They guess right the entry point) and after making some nice 20-30% gain,they jump out the boat by taking profits. They have mastered the system so well,that they make quick cash just like that! While you are complaining of pessimism,they are happy taking profits to the bank and are 'optimistic' waiting for the shares to drop!

Well,there are many people who live on stocks. Pay rent,bills,school fees,etc by trading in stocks. You cant tell them to stop. No you cant. They are not pessimistic. You are! They have mastered the system. Well,the whole world economy is 'pessimistic' and speculators are very happy about it,raking in profits at the appropriate time! Can I get some Amen!

Please BAAK. Stop complaining. Learn the trick of trade and make the same profits as well.

Sample this:
Mumias was 3.2bob on 10th March and was 4.6bob on 17th March. Well,that is well over 40% in less than 2 weeks! Who can resist such! Not even Government papers comes close!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18