@qw - 444,000+ KQ shares traded with 68% net purchases by foreigners... I hope you are right on the technical side... I am confident on the fundamental side coz of the reasons I gave above...
- Weak KES helps KQ coz 90% sales in foreign currency mostly US$
- Lower oil prices hurts hedge gains BUT benefits from lower operational costs.
- Planes in US$ are worth 'more' in KES
- WC2010 effects will be postive coz 60,000+ folks expected to fly KQ NBO-JoBurg-NBO. This will negate losses from ash cloud.
- New planes expected
- New destinations in 1H 2010-11 (Muscat, Juba already open)
I still have my gripes about the management...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett