I understand we dont do short selling @ nse but I have come up with a formula it is almost like short selling the difference is I dont borrow shares from my broker to pay later but I borrow from myself and I pay later. but since I didnt have a name for that formula, I call it short selling, it is also almost like averaging down but with averaging down you have to add more money but with my formula I borrow like existing shares, mostly on bear market, sell them @ a high price, and use the same money to buy @ a low price, when then the share goes high a bit, I sell...in that case I have reduced my losses or recovered and made a profit...I'll try to post the formula and see if it makes sense, to me it does...

Im sure people know it only I made it like Einstein's...no much big deal about it...also I hope I wont be crucified like the last time I started a forum that people didnt understand, but its still working very well for me. Its the best thing ever...

Last time I got kicked coz I did not say exactly what Im doing...its top secret and I regret it...This one is simple, maybe will help more those who are not aware on reducing losses on bear market...although it works really well with my previous topic but I will not to mix the two...I think I can avoid that...

You will see what inflation will do to KCB's earnings bdw I still expect an earnings downgrade maybe to 15-30%

I personally grant you exemption to bet against the resiliance & work ethic of the Kenyan people.

@Cde I have done my research...lets wait for 1H and 3Q numbers & then u will see those analysts at RenCap were smoking cheap weed...for starters whats the inflation in TZ, UG and RW? Eqty Bank is a Monster...on a straight line multiply EB's 2.9B 1Q from fees & commissions by 4 quaters & you will see.

Bottom line...I am only interested in KCB making enough money to make its share-holders wealthier. Draw comparisons @ your leisure but not @ our expense. Find your own strength.

No pun intended but my biggest problem with techies is that they base their decision on historical events & yet life generally moves forward lakini bora kila mtu ama...amangee!

@hisah.. I see where u r coming from and I guess due to ur exposure to both fx and equities, charts are key to ur way of things. On my part, i'd just have to take interest as i am an equities guy and any fx is done via the banksters in my bank stocks. I have a very strong hands on business background so i get to be fond of fundies..i see u can be a hybrid of Soros & Buffet somewhat n' that's cool i'm watching U. Buffet is my Jesus in this bizna..figurd if i'm to learn from someone, why not from a top 5 made man (according to American conduits) so I drink a lot of Coke as tuition fees to the man. I share ur sentiments on the paperness of money..so i love my wealth. Case in point..in my adventures in Zim pre-2009 there were sentiments around me that when we smelt the inflexion point of the macro economy is go cash in ZWD and do ccy reverse play...I resisted and kept my stocks..come 2009, GoZ printed the last batch of ZWD, bought back all ZWD govt.paper..a month later the GoZ abandoned ZWD and adopted the USD as the functional ccy..as U can see many were left with papers of ZWD at hand & bank! Lol! I kept my stocks and they were re-denominated in USD and a happy camper I am now . I now have both a hard ccy hedge and equity portfolio all in one . Infact a resource rally is timely for Zim, with its 42 minerals, so gold,plat,palladium,nickel,diamonds,steel,coal,chrome,ferrochrome,copper (to name a few) rallying all plays into my hand via Zim and is pulling up the economy up double time i'm a living hedge fund . Set up shop in Zim in '06 so I know what zero-calorie Q.E is and how 250M% inflation follows . So u see I have patience like nobody bizness, it is surely paying. Kenya's economy is no where close to the problems i've witnessd/experiencd in pre-2009 Zim. So I am happy to buy from the hap-less of the NSE @ throw away prices.

So how has Mr. Buffett done over the years?