WHY ARE YOU SUPRISED ABOUT MARKET CORRECTION ?
Do you expect the stock prices to rise every day?
There is bound to be profit taking, and market correction which is a buy opportunity to accumulate your favorite stocks especially the blue chips.
Safaricom is bound to go close to 10 bob but when it rebounds it will approach a new high of 13 - 14 bob.
If you are an experienced investor you will not be suprised about market correction, which is purely temporary.
You will see return of the bulls to new highs when the earning season commences in full swing from mid feb.
Dont panic my friend it is a normal trend. PERIOD.
- I wish big guys like NMG get below 300 to acculate more, EABL is sweet at sub 250,and Bamburi will be honey at sub 200, not to talk of HFCK at late 20s (if possible) and Panafric at sub 90. But thereafter the bulls will take over to new highs. This is typical of a standard market.
I was able to pick up the following during the bear run
Safcom at 11.00
Bamburi at 201
EABL at 260
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .