NSE Goes Berserk

So the good old prezo visited the NSE and caused the market untold excitement. after dragging its feet for about a month when the institutional investors deserted her, the index bounced back almost 60 points on seeing the president and another 100 the following day to break the psychological 5000 points mark. bullish signs came back in full swing and i know pessimistic fortune tellers must be adjusting their gogles and shifting in their chairs. they had predicted that the sweet lady had run the full marathon and would start to slow. But ng'o! on seeing the old man ...

and as rumours countinue , BBK shares climbs higher and higher. i still dont know why splits cause prices to go up. in any case they should come down since more shares are being introduced to dilute the market. now tell me at more than 500 /= and they havent droped the magic word yet. meanwhile their PE was good as was their management, earnings and potential. i saw that in SA the cost of anglo gold is almost 312 rand (3120 bob) by kenyan standards that would be split, split split!

But how about that guy who bought ICDCI at 800, how does it feel to see it come down to below 400 in less than a week. i heard one time of how a kenyan investor made 10,000 dollars in a day at the NYSE only for him to lose a similar amount the following day at the same bourse. i hope we wont see many such tears at the sweet NSE.

anyway if you dont like losing 10,000 dollars then you can run for 1.5 million KES on sunday during the stanchart marathon. probably one of those things you must do if you are kenyan. last year i learnt the hard way that kenyans are hard coded to run. even simple people who i see every day passed me as if i was standing. they didnt look anything like athletes but they zoomed past me with ease of a concord. what i remember is a marketing manager from coke cola. On seeing the massive presence of alpine coolers she almost lost the will to the marathon. the race was beeing beamed to millions of views all over the world. on top of that thousands turned up for the race. there were 12,000 racers to be precise and a bigger number of spectators. imagine the advertising potential all lost to a smaller company. alpine coolers!

Odegle Tip Of the Day -- Kippers -- Kids in parrents pockets erroding retirement savings. are you a kippers? beware of them. i read today about a nakuru man who has gone to court to prevent hs children from forcing him to distribute his wealth to them. the man claimed they had threatened to kill him. stupid kids. arent those kippers?