Looks like the rally is over, im seeing some pull backs on saf, eabl. eqty(yesterday). Or is it the calm before the storm?

It's time for some other equities to take the mantle.
Co-op Bank,ARM,Home Africa are now on the bull

Blue chip stocks cannot rise indefinately everyday.
Now there is profit taking that will make choice stocks to loose. This is a normal cycle.
This may take a few days.
When stocks rebound for those with favorable results in Q3, expect new highs.
This is the normal pattern.

Despite the profit taking,volumes continue to be encouraging.

chase over valued counters at your own risk.
my buy list contains tpse 45.00, kk below 9.00, and I&M bank at 95.00 and or below.

@hisah. something happened to I&M bank. recently as regards volumes very high volumes plus price rally from 85-100. then price stagnated.

Interesting bull vs bear fight. This congestion has to be resolved and soon to determine the dorminant trend.



UPDATE: Ascending triangle. Some reading here - http://www.investopedia..../a/ascendingtriangle.asp

Supply not demand is the 'problem' & that's a good problem to have for sellers. That said,

1) The buyers are probably more sophisticated after all it takes 1,000,000/- to buy 1,000 shares hence the share is less prone to 'retail' investor euphoria. The buyers would do their research.
2) "Newish" in the market as pointed out above. It needs the release of good 3Q & 4Q numbers to gain the interest of the larger investing community. DTB is known despite being of similar size & with a much higher price of 180-ish & a few Rights Issues as well as many more branches.
3) It needs a split (5 for 1) to the 20-ish level for increased activity/liquidity. This refers to number of shares traded not necessarily the value. The shareholder list is small & fewer than 1,000 at the moment with the top 100 owning 90% or more of the shares.
4) Marketing of the shares? The directors of I&M are out not out there making speeches/statements. It is a smallish bank in terms of branches unlike DTB.
5) Pricing/value. It is neither a cheap nor pricey bank. It may be in the lower range of PER by my calculations. I estimate the EPS to be 13-14 which is a PER of 7.5-ish

Biashara Securities limited, which owned 13.92% of I&M Holdings, was wound up and the shares transferred to the individual BSL shareholders bringing the total number of I&M shareholders to approx. 1,800. Highest shareholder, Ziyungi Ltd, owns 18.74% (BD, 10/10/13)

I&M Factsheet (Circular)