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Big Gains and Losses in Small Counters
FundamentAli
#1 Posted : Wednesday, February 24, 2010 12:50:33 PM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Just an observation, Sasini, Kakuzi and Rea Vipingo gained by more than 7.5% today. Unga and Cargen lost by more than 8.5% today. Is there any logical explanation to this trend?
guru267
#2 Posted : Thursday, February 25, 2010 5:38:00 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@fundametalAli.. i think you can hardly call one days activity a trend.. but i think these counters were surprised by extremely high demand and no supply...

but i'll be watching them to come up with a trend but right now i see demand and supply dynamics...
Mark 12:29
Deuteronomy 4:16
FundamentAli
#3 Posted : Thursday, February 25, 2010 8:15:38 AM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Kakuzi, Unga and Sasini are at it again today making it 2 days. I have been observing this counters.

@guru

What am saying is that this is only restricted to such counters only. Do not expect Safcom or Coop or Equity to gain or loose 5% on a normal trading day without an anouncement.
guru267
#4 Posted : Thursday, February 25, 2010 9:15:05 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
FundamentAli wrote:

What am saying is that this is only restricted to such counters only. Do not expect Safcom or Coop or Equity to gain or loose 5% on a normal trading day without an anouncement.


it is restricted to these counters due to very high demand over supply.. it can happen and has happened to many other counters if demand comes in very strong over supply...
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#5 Posted : Thursday, February 25, 2010 12:21:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Unga price drop yesterday made little sense... Results out today & it is back up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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