This is what they call "zombie companies" the undead moving in the shadows, they move and you think they are alive but they are not. In japan they are kept on life support by constant bailouts because of fear of lay-offs.

A dead cat bounce is usually temporary and a risky small recovery signal.Any such indicator ought to be cautiously ignored. Let's see how far it will slide. I don't even think it has any tested support level within the range of 2's, this means it may slide all the way to new lows.

thank God we trade through brokers and we never meet,ungeambiwa hii mbuzi yako uliniuzia inahara....a monkey attracts alot of attention in the market place but at the end of trade nobody buys.

@Mlennyma..you never fail to make my day..i imagine sellers begging for you to at least even hold it a little bit and see its not as bad as it looks...and then you are just there; looking on the other direction as if haujasikia chochote...hands crossed/akimbo!

Where I come from, there is a saying that goes like "THERE IS A THIN LINE BETWEEN ECSTACY AND PAIN"

There was a gang cheering the counter going up....there is yet another one cheering it going down. Wacha Watu wajienjoy.

All is not lost though, a good number of those who cheered it go up, will come back here and tell us how they disembarked at over 3.5.

This is a good lesson for those who are new to WAzua.

How could they book profits and yet they were waiting for signs of demand/supply balancing out?

When demand is at 12m with zero supply, greed dictates that you keep on waiting, forgetting of coz that a spectators share normally has a brutal reversal.

Where did @Maich go! He literraly abandoned his followers at such a critical point of need.

LOL
Dear friends,
Mumias is a speculators, Members only counter.
Iwachiwe wenyewe. The truth is that i never left the screen of my computer once the stock printed 3.20, from morning until the trading closed. Going to the toilet was a problem, I was beginning to go nuts, so the day the monkey fell, the market opened as usual then I saw it happen; it was like METER YA PUMP YA PETRO numbers Rolling like Trrrrrrrrrr, For a moment i could not tell what was happenning, then it bursted in my mind that it was a matter of who opened fire first, Instincts told me that i could not Catch the 3.8/= that's how i pressed the 3.45; a good bargain out of the sinking ship. Later I saw a supply of over 8 million with nil demand.
The monkey has not fallen, it is still falling and will hit the ground so hard that it will loose its tail.

@middleman..you really are a genius!that was a very smart move to pull...ole wake mwenye alikununulia..mkikutana saa hii atakumaliza!

As I pointed out earlier, this is a good lesson for those new to Wazua. You just don't make decisions based on one person's sentiments.....utachomeka!