[quote=hisah]NSSF funds coming soon... The fund expects the managers to return 4% p.a. above inflation rate!

The keyword here is trading not investing. Managers will likely trade to meet that heavy target. Trading with retirees funds! That makes my stomach to turn...

On the bright side high volume counters will be the trading target since the funds are huge. Safcom, equity, coop, kcb etc. Bonds too will get a lift.

As a trader I dont mind being backup up by such funds

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this is what we call broken news. Lol. But shld be intresting when they start pumping money in.i hope they will buy mumias. We technical analysts here better start watching the money flow index.

KCB Custodial. ROAR!!

Go back to bed and dream on comrade! sub 3 ndo zenu.

@hisah I planned a major entry into kenol which I have completed halfway but at 8 bob ex div we're dealing with a forward P/E of 3 which is just screaming to be bought..

I will purchase the next half of the shares in Kenol 3weeks - 1.5months after it goes ex div because the price looks VERY exhausted at 11-12 and this might see considerable selling pressure but not for that long and hence will be a buying opportunity..

At the levels of 7.9 as you mentioned gives a dividend yield of somewhere at 15% for 2011... THATS INSANE!!!

At 7 bob is a no. Thats just impossible

indeed i am also waiting for q3 figs especially for banks. If prices hold, it will reaffirm my theory that we have bottomd.

@hisah what charts are you looking at to suggest a sub 8 price? Just look at the volumes before book closure...supply that has kept us below 12 bob is being mopped up fast...if you follow KK you will know that 10 bob is its long term resistance...i expect that to be the new support...thus I dont expect price to dip below 10 bob anytime soon maybe next year...