Eh, mpesa looks like it will let go the 2.90 guardrail today. Coupled with bleeding bank stocks, the slide is about to accelerate.
Fasten your bear belts...

All looks set for the Friday Oct 14th 2011 record low index of 3277.50 to be broken!
Next week, i have my eyes set on member at below 16. This is in my view the support level. Millions of shares exchanged hands at this level in April last year.
Some more Rooaaaar at my favorite 14.85 would do! However, a CBR rate slash Friday next week might make this a pipe dream!
I also have the Agri stocks in my mind i.e WTK and Sasini!
I can then say bye bye to a challenging 2011!

NSE value approaching value pre-16.5% hike. In the unlikely event that CBK hikes CBR again next Thursday, NSE could easily go below 2500 on fundamentals alone...

2,500pts

On Italy, at 6.5%, the yield on the six-month paper almost doubled compared to a month earlier and showed the appointment of an emergency government to tackle the debt crisis had failed to put a brake on Rome's spiraling borrowing costs...

Then...a meeting of the leaders of Germany, France and Italy yesterday offered no immediate progress in tackling the crisis...

Let it bleed!!!!!

Prices at close of trading on Friday, November 25, 2011
NSE Index: 3,252.59 (down by 36.11 points)

Previous low broken emphatically. No wonder KK wants to test 9.00

Hmmm... I've just noticed that the index broke down 3270-77 level, but most of the bank stocks have not yet retraced their hopium gains... Not pretty this.

For 140 - 170/- the cluster reads ARM, bamburi, EABL, jubilee, NMG and soon stanchart... Interesting price clustering...

Coop will test 10 to settle down. If one bought in 2008 IPO that will be a round trip.

Will NBK be able to defend 20? If broken 15 should provide adequate support.

NIC had better defend 25.

Mumias may revisit sub 5 on the way to 3.60.

KPLC yet again supply test of 17/- coming - 3rd attempt.

KCB not looking good for this simba. 13/- is possible.

DTK @90 needs to hold or 80 will be tested.

CFC sub 40 will get me interested. @deal see u there...

Wow centum sub 14. I thought sub 16 was bad enough?!

Uchumi - this one trapped me for a looong time & I sold without a huff @14.20 after suspension. Sub 7 I'll get interest again.

Britank is a sub 5 candidate. @guru had stated by Dec it will be in the 4s levels. I still see scope of it testing sub 4s... At these levels it gets interesting with such overselling...

So let's see if NSE will closes above 3000 in Dec. Below that will lead to overselling bout in Q1 2012

Update...
KQ 25/- is resistance for the bounce. Next down trip aims 17.

Mpesa - having let go 2.90, 2009 low @2.55 is now possible. If broken, the few remaining wanjikus will be thrown under the bus. It would be sad to see sub 2s here like that paka!?

Things are tough! i have -21% returns since the beginning of the yr. The worst performers are Carbacid & EACables.
The only right investment decision i made early this year was to focus on dairy farming & putting some money in MURAMATI.

Ill buy MCS @ 2bob...InshaAllah...