@moneydust. I have no insider info on KQ rally but people seemed to have reacted b4 getting all info. Maybe it's the feel-good-factor kicking in or the fact that the share was ripe for a correction having being oversold.
They normally make a 3rd qtr announcement in January but I haven't heard anything. There are legitimate reasons for good GDP growth in 2010 with recoveries in key sectors such as transport & comm as well as tourism (that will support KQs earnings).
But another factors such as the impact inflation will have in deflating Kenya's nominal GDP growth in 2010. An interesting estimate by the World Bank is that the GDP Deflator is expected to drop to 7.5% in 2010 from 12.5% in 2009 and 13.1% in 2008, so real economic growth will def be higher this year.
It's all a game of numbers and if the economy looks to be growing, markets will rally, KQ included. As you mentioned it's important to know how to trade the volatile markets and I want to introduce a new post called 'Tech Corner' that can help us know when to get in and also out.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden