It is the most violent share at the services sector. You can make a small fortune if day trading is allowed. I usually buy like 5000 of it at low prices. As it edges up, I buy another 5000.
If it hits 40, I sell the previous lot of 5000. When it comes down to 30s, I buy another 5000 and on reaching fourty I sell the previous lot.
In other words, I always have a lot to sell a day after I have bought and they hit 49 like today cauze what I bought the previous trading day or Friday cannot be sold today.
However, I have read disturbing news in ET which claims SGL has discarded professionalism for tribalism. They for example state that the Deputy Chairman and Director of Strategy Melly is Kalenjin (Am also Kalenjin and proud of it).
He is said to call the shots and even over-rides what his seniors like Wanyaga has decided(Wanyaga has since left for Media Max).
Then other high positions with my tribesmen in place are Bundotich, Tanui... and the list is big...... am I being too petty?
Why did Chacha Mwita leave the media house?
That of late, SGL Sunday paper does not sell more than 70,000 copies while weekdays are even worse. No wonder they have been more often than not been rebranding as if they never got it right the first time.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own