Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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sparkly wrote:Angelica _ann wrote:heri wrote:Aguytrying wrote:mlennyma wrote: Member is attempting another rally This one could be serious after coming up immediately after the drop last week. But something's got to give, no way NIC bank should be trading below KCB price and even worse to equity price. Either KCB, EQuity goes down or NIC goes to the 50's. I agree. i see NIC PE is 6.0 while equity is 9.7. I am also wondering why COOP PE is at 11.2? Need to get back into NIC. Dumped it before rights. My 'gut' feeling then was this would happen & it has!!!!! The bear is real. First casualties are usually small caps, non-dividend paying companies, cyclical industries, companies that suffer bad news/lower earnings. Eventually the blue chips will also suffer the claws of the bear but less dramatically. I believe lower are yet to come for Safaricom, Memba, Simba, Bamburi. KCB is already flatenning at 47..I doubt quity will break above 50..The bear is still on.This is just a dead cat bounce
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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