Local investors cash in on Safaricom price rally -
http://www.businessdaily...2/-/v2q6ws/-/index.html If so, then we have more upleg to go! Wanjikus need to be trapped for a proper top to be set. That's how the market works since big money is not with wanjiku. It'll be interesting to see what happens when 7.50 and 7.90 break as the last resistance thresholds. If say EPS comes in at 44cts and the current P/E is maintained, price could easily break down 8 and race to 9! Setting new all time highs in the process.
Still not clear what foreigners are chasing here as well as EABL since that Ethiopia special agreement deal. This money has been hard to follow; too much fog on the road.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!