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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11447934 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Dexterax(m): 3:09pm On Nov 03, 2014 |
Dexterax: I try to reduce philosophy in times like this. I'm being honest. But I won't be apologetic about what Charles Darwin wrote below: "In the struggle for SURVIVAL, the fittest WIN out at the expense of their rivals because they succeed in ADAPTING themselves BEST to their environment." |
Re: Nigerian Stock Exchange Market Pick Alerts by Dexterax(m): 3:20pm On Nov 03, 2014 |
Dexterax: Emmm...an interesting set of folks are also exploiting the art of adapting the environment to themselves. |
Re: Nigerian Stock Exchange Market Pick Alerts by passwelle: 3:27pm On Nov 03, 2014 |
Born2berich: passwelle:"Often you just have to bite the bullet and sell your stock at a loss before those losses get bigger. The first thing to understand is that hope is not a strategy. An investor has to have a logical reason to hold a losing position. The second point is, what you paid for a stock is irrelevant to its future direction." Above quote is from the link above. Folks hold on to losing positions because others embolden them with messages of goodwill and encouragement, reassuring them it is only a paper loss ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Charlesnerd: 3:30pm On Nov 03, 2014 |
Born2berich: Oga, we no wan catch falling knives. We are at the bus stop,observing proceedings from afar. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 3:44pm On Nov 03, 2014 |
Charlesnerd: Bros, abeg which bus stop you dey so that i can carry my mattress and sharpened cutlass there. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 3:47pm On Nov 03, 2014 |
Dexterax: Dexterax: ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 3:51pm On Nov 03, 2014 |
passwelle: The Nigerian mentality and factor will always set in thereby hindering people from applying this rule. Everybody wants to win everytime but nobody wants to loose for once. I rememeber the 2008 experience when prices were falling, we kept on holding (either due to greed or not being able to accept the huge losses) until it crashed totally. However, people shouldnt panick so much as the market is likely to get a breather and recover soon. PS: Abeg do your own Due diligence. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Dexterax(m): 3:54pm On Nov 03, 2014 |
Born2berich: ![]() 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by passwelle: 4:02pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 4:29pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Tjohn1(m): 4:34pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 4:41pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 4:48pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:56pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 4:58pm On Nov 03, 2014 |
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Re: Nigerian Stock Exchange Market Pick Alerts by UNLEASHED(m): 4:59pm On Nov 03, 2014 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Hi everyone, I bought Firstbank shares worth a little bit over 500k at NGN33/unit when it went public in 2007 with the aim of leaving it long term, I really don't know much about stocks just that the fund was idle at that time, hence the motive to invest in shares. Most times I even forget I've got some shares somewhere. I just checked on NSE and FBN shares is 11.30 If I'm right? Does that mean I'm at loss? What are my chances of making profit in the long term considering the fact that I bought the shares 7 years ago. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 5:02pm On Nov 03, 2014 |
UNLEASHED:Who be this wey no allow me join others shine my teeth. Bros, arrange yourself ooooo ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 5:09pm On Nov 03, 2014 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Na wa for this bear ooo. Oga Chibuking go dey laugh for wherever him dey now. Abeg enough of this ascending teething sequence. We should sometimes do the descending sequence make e no dey boring for the non-members of the teething family. Happy Teething Day! 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by passwelle: 5:18pm On Nov 03, 2014 |
UNLEASHED:Where is Pa Ewumi when you need him? Bros, sorry ooo as regards the bolded... Can you wait for 7 more years? ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 5:21pm On Nov 03, 2014 |
[quote author=Elai147 post=27694152] ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Na wa for this bear ooo. Oga Chibuking go dey laugh for wherever him dey now. Abeg enough of this ascending teething sequence. We should sometimes do the descending sequence make e no dey boring for the non-members of the teething family. Happy Teething Day![/quote ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:22pm On Nov 03, 2014 |
UNLEASHED: You have not lost unless you sell, if I were you, I would buy more. Also chase down your dividends and bonus over the years. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Yem0350: 5:30pm On Nov 03, 2014 |
passwelle:It was a mistake. I mean #4.20 for trade alert instead of #4 I was told some couple of mins ago dat dey av started charging VAT on sms alert. Although, the moni is small but one must be able to understand every kobo being charged. |
Re: Nigerian Stock Exchange Market Pick Alerts by Dragonking: 5:40pm On Nov 03, 2014 |
Yem0350: maybe the money fg removed from VAT is now included in the SMS charges. |
Re: Nigerian Stock Exchange Market Pick Alerts by Aks(m): 5:42pm On Nov 03, 2014 |
Dexter, pls help me with a phrase to address Yem0350 that's transposing .02 and 20. It's well ehhhhhh ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 5:52pm On Nov 03, 2014 |
...The index has shown a strong bearish momentum in the last trading month. Evidently, the downtrend is expected to continue in the new trading month with 37,108.30 basis point key support to watch. A breach in this support level would drive the index more downward. On the other hand a breach above significant resistance 39,152.10 basis point would bring optimism in the stock market. Conclusion: The Nigerian Equity market remains not attractive as the bearish momentum is expected to continue in the nearest future Long term: Bearish Medium term: Bearish Short term: Bearish Read full analysis here http://trendonomicsng.com/bears-become-dominant-nigerian-stock-market 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 6:01pm On Nov 03, 2014 |
Meanwhile, Meristem gives a BUY rating for SKYEBANK http://www.meristem.com.ng/uploads/files/Earnings%20Update%20l%20SKYE%209M2014.pdf - No hunt for Monkeys intended. ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:06pm On Nov 03, 2014 |
Yem0350: You seem to be the type that pays attention to detail. Good for you. But I hope you are not the type that would, in a bid to avert the N65 charge on the 4th withdraw on another bank ATM in a month, break your trips (if commuting by public transport) or drive long distances just to use your bank's ATM machine? Thereby spending more than the N65 on transportation. Lolz 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by UNLEASHED(m): 6:11pm On Nov 03, 2014 |
carpenter: I can't sense a real advice from a sarcasm, like I said before I'm an absolute novice dealing with stocks and a dormant trader at that, well thank you if it's a genuine advice but if it's not, you shouldn't have replied at all |
Re: Nigerian Stock Exchange Market Pick Alerts by Josh121(m): 6:13pm On Nov 03, 2014 |
UNLEASHED: you need really advice , please sell your first bank tomorrow ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by UNLEASHED(m): 6:17pm On Nov 03, 2014 |
passwelle: I don't know if there's any positive future forecast, that's why I asked the question you bolded as I know little or nothing when it comes to dealing with shares just like I said before. There's no harm asking what you don't know much or nowt about 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:21pm On Nov 03, 2014 |
UNLEASHED: Heya! Sorry ehn. I hope there is no need for which you intend to recall the funds now? It has been 7yrs of famine bro. You also checked at the peak of a bearish season (hopefully). Perharps another 7yrs of plenty is ahead. My advice is to recover your dividends over these yrs and reinvest them. Check back when there is so much noise n excitement in the stock market. You may choose to sell then. Btw, FBN at N33/share PO was corporate monkey hunting things. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by passwelle: 6:26pm On Nov 03, 2014 |
carpenter:I really do not understand this "paper loss" thing. The Ogbeni bought FBNH at N33 about 7 years ago. It is below N12 now. When will it be a loss? If he asked when it was N28, or last November when FBNH was N17, or last Sept when it was N15, I am sure you would have said the same thing. I do not see the capitalisation of FBNH at N1 trillion anytime soon, so chances he will get back his N33 per share will not be anytime soon (assuming the bonus and dividends will be counted as profit over the 7 year period). Honestly, I am not being sarcastic, I just want to understand this school of thought that believes you have not lost till you sell. It negates the idea of stop losses, and allows a small loss to grow into a huge one. 2 Likes |
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