CFCI sold @11.40 which is 8.6% above my 10.50 target price booking 57% profits - BP was 7/-
Small Kengen holdings sold @15.50 booking 55% profits - BP was 9.65.
Soon I'll also be selling the small holdings on AK. There is scope the price will head higher from the volume spread so I'll wait a bit. Selling for same reasons like kengen above as I reorganize the portfolio.
Portolio now has mpesa bank, member, CFC bank, JHL (waiting for results for next objective) and AK.
So far FTSE NSE indices are flat today with a downside bias most likely late afternoon. The script still remains similar to that of Mar 11th. By this Friday that gap will have been filled.
As I had stated at 5000 - 5100 levels NSE20 is trying to scale very tough resistance (selling) and buyers need to press on the gas (volume) to dismiss the antsy sellers holding on the lofty prices on most counters. That gap up into 5000 is rushed and is not sustainable without a series of volume deluge to support the expensive counters (most bluechips).
If only I had my way - would force those tbills back to single digit interest rate levels, force banks to slash lending rates as well as cut the CRR for banks by 100bps. This would force more liquidity back into the squeaky econ, which would obviously lead to more investments and equities would follow suit...
Will the real Fin Min grab that opportunity or will the Fin Min side with austerity and effectively slam the breaks on equities...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!