Elai147:


What if the herd comprises 99.9999% of market participant? Dat means na only u and oga Emma Ewumi go likely be the 0.0001% wey come remain.

Abeg na joke ooo. I no mean to wake oga Ewumi from sleep.

FYI oga Emma is selling all his real estate at the moment getting ready to plunge into the market

snthesis:

sowii to bust your bubble, now aint the ryt tyme to buy nada, no sudden rise in stockprices anticipated as core investors have moved on (and watching if 9ja survives), its a long bearish season coming up, and stocks are gonna crash. we'll start buying dec/jan, with some folks chilling till feb, wen the prices are at the lowest and trapped folks are begging to get liquid.

@Born2beRich

Chief, from all indications, this looks like a very wrong time for new investors to invest in Nigerian bourse. The major players are exiting. For most firms, the volume of stocks on offer right now compared to the bids portends an enduring bearish season, and this would probably continue until the completion of the forthcoming election. Would you rather advise prospective or new investors like myself to hold our horses till rally commences, or better still, till election is about to end? Or are there stocks that can still endure the inherent bearish season?

omaojo1:
In other news, seems you guys are not watching the index, it has touched 35,000 points today. The market is currently down 2.4%+. Anyone on the offer on Dangcem? Look at it and go figure where we are headed. The worst days are not here yet.

Dangcem finally felled by 5% and the index is down 4%+.

Dexterax:

Bruv......barring any unforseen events and forward-looking paragraphs, myself and a few others were waiting for oando at NGN 8.00. However, a friend was kind enough to shift the entry price to NGN 2.00.

My oga, if the 2 naira should happen by end of November 2014, I will close my eyes and allow it pass. Where is the NSE with the NGN0.01 plan?

coolbibz:
@Born2beRich

Chief, from all indications, this seems like a very wrong time for new investors to invest in Nigerian bourse. The major players are exiting. For most firms, the volume of stocks on offer right now compared to the bids portends an enduring bearish season, and this would probably continue until the completion of the forthcoming election. Would you rather advice prospective or new investors like myself is to hold ours horses till rally commences, or better still, till election is about to end? Or are there stocks that can still endure the imminent bearish season?

Hold till after elections.

Born2berich:


Hold till after elections.

Alright. Daalu.

The issue here is that there are no buyers for most stocks.

Zenith get buyers sef. Nestle no get. I go place sell order on my Nestle come put the limit price at 1000 naira. Who knows someone might just buy.

.

As Fela would sing ...

This na double wahala for dead body ...

Let it keep crashing. 'Am loving it' McDonald style

kingphemy:
I have to thank the guys here for the tips and head ups.

At the earliest warnings posted here abt the ugly animal, I intimate my old mama about what may likely come. With 2008 still fresh in her mind, at her discretion she liquidated all her portfolio. Some stocks she had hold since the 80s and she have in almost all d coys!

Let me say am the son of a millionaire now.

Just received a thank you call from her.

Great job guys.

You are welcome..but tell your mom that she should share the national cake with us..It wasnt easy receiving the heavy bashing because of this issue.

bigjay01:
As Fela would sing ...

This na double wahala for dead body ...

Let it keep crashing. 'Am loving it' McDonald style

Chair, me don bail!!

Will buy later when this craze is over.

Thanks to Morgan Capital, I'm not blind anymore, I can see.... We go dey listen to news, look spreadsheet and watch the market.

guys, abeg, what volume is needed for movement in price daily?

Agbalowomeri:


FYI oga Emma is selling all his real estate at the moment getting ready to plunge into the market

What a decision.

I'm still holding Okomu Oil. I plan to load up more as it plunges.

In times like these, there's nothing like an illiquid stock. The slow movement of the stock would make a snail thankful.

hmmmmmmmmmmmmmm, just can't believe NSE ASI could drop as low as 34,514.85bpts today. Thank God i'm out cos the days ahead in the NSE look gloomy. It is well. Can somebody check on bigass, she should not carry out her threat on 3MB BUT exit from NSE b4 it is too late

Dexterax:
I'm still holding Okomu Oil. I plan to load up more as it plunges.

In times like these, there's nothing like an illiquid stock. The slow movement of the stock would make a snail thankful.

You are bad guy, using style to look for a MUGUN to dump your holdings on. Okomu that has no single bid

@Myjoy08 - Can you tell us the effect of this bear on your portfolio?

Aks:
You are bad guy, using style to look for a MUGUN to dump your holdings on. Okomu that has no single bid

mpi210:


Chair, me don bail!!

Will buy later when this craze is over.

Thanks to Morgan Capital, I'm not blind anymore, I can see.... We go dey listen to news, look spreadsheet and watch the market.

Mr Morgan, wherever you are, many thanks!

No more shooting in the dark.

BTW - My itrade account was opened in 4 working days. I have had no issues with their customer service. I will score them 8 on a 10 point scale!

@proshare @TranscorpPLC :A closer look at the daily technical chart reveals that stock is making successively lower highs http://www.proshareng.com/news/25004
What is the meaning of successively lower highs? all na tautology

Massive transfer of wealth going on and people are running away..

I have been buying just 2 stocks daily for the past 3 days...

100 units of FBN and 100 units of GTB

hopefully by the time the market bottoms out I would have liquidated my fixed deposits and also borrowed from my kids accounts to buy..

Disclosure: I can afford to hold for another 5 years!

oga born2berich, with d present situation

next question am asking my self now - is my cash safe with broker or should i withdraw it sharp sharp. with the coming SEC/broker capitalisation rule

feelamong:
Massive transfer of wealth going on and people are running away..

I have been buying just 2 stocks daily for the past 3 days...

100 units of FBN and 100 units of GTB

hopefully by the time the market bottoms out I would have liquidated my fixed deposits and also borrowed from my kids accounts to buy..

Disclosure: I can afford to hold for another 5 years!

Welcome bros!

I pity those who depend on NSE for 'ego garri umuaka' (read 'chop money')

Aks:
@Myjoy08 - Can you tell us the effect of this bear on your portfolio?

u wicked wicked person

Born2berich:

You are welcome..but tell your mom that she should share the national cake with us..It wasnt easy receiving the heavy bashing because of this issue.

Aks:
@Myjoy08 - Can you tell us the effect of this bear on your portfolio?

Sir, the bear affect everyone and we have been on these road before. I choose strength above fear. So i have nothing to fear or worried about. And i will keep saying it, the detriment of fear have much severe effect when it comes to financial dealing which investment comprises of. As i always stated, one thing that is certain is that stock market go beyond our imaginations or predictions...IT IS WELL!

For instance, the same people that will sell FBNH for N9.96 will come back later and buy it for N18. So nothing to fear or worry about.

una dey see the heavy monkey hunting for continsure?- 90,000,000 units

bigjay01:


Mr Morgan, wherever you are, many thanks!

No more shooting in the dark.

BTW - My itrade account was opened in 4 working days. I have had no issues with their customer service. I will score them 8 on a 10 point scale!

Mr Morgan, God bless you o!

I'm enjoying the itrade big time and all I can say is....great idea, world class innovation.
So far, customer service has been good. I hope it gets better and better. I will score them 8/10 as well

Aks:
@Myjoy08 - Can you tell us the effect of this bear on your portfolio?

stokfrick:
una dey see the heavy monkey hunting for continsure?- 90,000,000 units

...more than 300m units actually.

Aks:
You are bad guy, using style to look for a MUGUN to dump your holdings on. Okomu that has no single bid