Yayira:


Everything is wrong especially when the performance of the company is on point..

It isn’t about fundamentals ? Really? What is it about then ?

It should be about fundamentals. I'll very much much like to see it that way but right now it is not about fundamentals but rather it is about country risk.

So many good stocks are trading at low P/Es, and normally I should be buying but you know what? They'll even go lower before going higher because of this same country/election risk.

I remember neglecting the impact of US tapering in 2013 as explained in this forum but instead was clinging to only fundamentals. I was caught in it and paid for it with about 20% of my porfolio.

After the NSE had declined because of the tapering, we were waiting for the expected recovery but guess what? oil prices started declining, 2015 elections came and went, oil prices continued crashing. Good stocks like UBA lost about 70% through all these.

Plse when is UBA showing. Hoping for interim drop.

aremso:



still i dont see anything wrong in that, the company might be sound but considering the situations in Nigeria now one can predict the direction of even the best performing stocks

Aremso you need to read from 2016.. that ridiculous prediction has been a common thing on this blog that some of them end up missing a good entry price.. Funny thing is when they charge their armageddon entry price they’ll not say anything until they are done buying then Out of the blue you’ll just see change of tones..

austinkenneth:
@Yayira
There is nothing wrong with predicting that a stock will go down.

Stocks can either go up or down. Why are people only happy when the prediction is in the upward direction?

From Yok's posts, we could all see the handwriting on the wall in the past months: Massive sells from the foreign guys...It's not about fundamentals, it is election fever. If they are selling that much, something will have to give: Prices will go lower.

GT is the biggest component of the MSCI Nigeria index. They haven't been dumping it so much. The price of GT in the next months will depend on whether or not they decide to dump it. It isn't about fundamentals. Same for all stocks in that portfolio.

Do not be caught offside. Better protect yourself.



He who has ears, let him hear.

On point here! Gauging market mood is important, even before you buy fundamental stocks. Why buy a fundamental stock for X naira when you can get it for X/2 naira in a few months. It's like deliberately losing money.

It's better to miss a mini bull than to lose huge money.

bigjay01:

details? make i use my free calls small

even the CEO's closing remarks take style say na HOPE people de buy for now.
I go look that side at sub #10

Yayira:


Aremso you need to read from 2016.. that ridiculous prediction has been a common thing on this blog that some of them end up missing a good entry price.. Funny thing is when they charge their armageddon entry price they’ll not say anything until they are done buying then Out of the blue you’ll just see change of tones..

On Point

Yayira:


Aremso you need to read from 2016.. that ridiculous prediction has been a common thing on this blog that some of them end up missing a good entry price.. Funny thing is when they charge their armageddon entry price they’ll not say anything until they are done buying then Out of the blue you’ll just see change of tones..

you are correct, i tried to buy whatever stock i want to buy latest December 27 and that has been my practice the reason is, any stock that does not fall further at that time will only result to price appreciation from that period onward

austinkenneth:


It should be about fundamentals. I'll very much much like to see it that way but right now it is not about fundamentals but rather it is about country risk.

So many good stocks are trading at low P/Es, and normally I should be buying but you know what? They'll even go lower before going higher because of this same country/election risk.

I remember neglecting the impact of US tapering in 2013 as explained in this forum but instead was clinging to only fundamentals. I was caught in it and paid for it with about 20% of my porfolio.

After the NSE had declined because of the tapering, we were waiting for the expected recovery but guess what? oil prices started declining, 2015 elections came and went, oil prices continued crashing. Good stocks like UBA lost about 70% through all these.

The election will make things get worst I agree, na history wey dey always repeat itself (according to una) but can they allow it happen “naturally” and not say things like “let the bear begins” on a good result ?

Mcy56:

Here comes the Chief Senior Executive himself!
Please direct all inquiries to him with regards to Courtville or other dead bones.

@Jamace, God is really picking your calls o.

Do you know what? My project now is to pick at least 1,000,000 units of ANY stock that touches N0.20k mark. That is my own style. Join me at your own risk.

Zenith Bank Makes 50% Provision on 9mobile Loan
https://www.businesspost.ng/2018/08/09/zenith-bank-makes-50-provision-on-9mobile-loan/

Conoil Predicts Bumper Harvest for Shareholders
https://www.businesspost.ng/2018/08/09/conoil-predicts-bumper-harvest-for-shareholders/

jamace:


Do you know what? My project now is to pick at least 1,000,000 units of ANY stock that touches N0.20k mark. That is my own style. Join me at your own risk.

Good project. Mine is to buy stocks below 60+% percentage down at differently levels.The lower they go the better. I mean good ones.

The core of my trading is margin of safety within a reasonable time the market must revert back to the mean and above.

jamace:
Do you know what? My project now is to pick at least 1,000,000 units of ANY stock that touches N0.20k mark. That is my own style. Join me at your own risk.

Lol. Seems that's the way to go these days with idle funds. Dry bones shall rise again.
Caveat:
Above quoted post is for executives with staunch faith in dry bones. Don't try this with community/family funds. Viewers/readers discretion is strictly advised.

Community Fund INDEED !!!!

Mcy56:

Lol. Seems that's the way to go these days with idle funds. Dry bones shall rise again.
Caveat:
Above quoted post is for executives with staunch faith in dry bones. Don't try this with community/family funds. Viewers/readers discretion is strictly advised.

Yayira:


Aremso you need to read from 2016.. that ridiculous prediction has been a common thing on this blog that some of them end up missing a good entry price.. Funny thing is when they charge their armageddon entry price they’ll not say anything until they are done buying then Out of the blue you’ll just see change of tones..

Is it not ironic that the same people who are quoting prices and asking people to come back in December are the ones monitoring stock price every now and then.

One would have expected that they will stop being active in the market until December if they actually believe their own rhetorics!

pluto09:




Is it not ironic that the same people who are quoting prices and asking people to come back in December are the ones monitoring stock price every now and then.

One would have expected that they will stop being active in the market until December if they actually believe their own rhetorics!

Some just enjoy the information and atmosphere but discipline enough not to place a bet

sellydion:


Some just enjoy the information and atmosphere but discipline enough not to place a bet

Flesh and blood did not reveal this to you Lol

Temperature don begin rise again. Let me just go and hide my head somewhere as I no get helmet

bigjay01:


even the CEO's closing remarks take style say na HOPE people de buy for now.
I go look that side at sub #10

Once bitten twice shy. Oando comes to my mind. Hopeville.

pluto09:




Is it not ironic that the same people who are quoting prices and asking people to come back in December are the ones monitoring stock price every now and then.

One would have expected that they will stop being active in the market until December if they actually believe their own rhetorics!

Hey Oga, i only spoke of my own and currently, i have pulled my money out sinnncccccceeee into treasury bills. i monitors stock prices even if have pulled out and before i joined this forum, have been doing that. Am not telling any one to come to market in December anyone can come anytime he or she likes, non of my headache.

jamace:


Do you know what? My project now is to pick at least 1,000,000 units of ANY stock that touches N0.20k mark. That is my own style. Join me at your own risk.

He who's down does not fear falling. #AbayomiObabolujo

I just love the MSCI guyz. dey make sure the offer and bid almost the same at every-point. dey r not in a rush to crash d price yet.

Mcy56:

Lol. Seems that's the way to go these days with idle funds. Dry bones shall rise again.
Caveat:
Above quoted post is for executives with staunch faith in dry bones. Don't try this with community/family funds. Viewers/readers discretion is strictly advised.

CORPORATE ACTION:

Guaranty Trust Bank has shifted the closure of register from Wednesday, August 22 2018 to Thursday 16th of August 2018, due to the likelihood of it being declared a public holiday.

Qualification date is the 15th of August 2018.

Payment date for the dividend is now August 30 2018.



Visit Nairametrics.com for more news.

phemmie06:

He who's down does not fear falling. #AbayomiObabolujo

Ask Jamace@FTN Cocoa

pluto09:




Is it not ironic that the same people who are quoting prices and asking people to come back in December are the ones monitoring stock price every now and then.

One would have expected that they will stop being active in the market until December if they actually believe their own rhetorics!

Very apt! They say they don't eat snake meat, but they are busy keenly watching others preparing snake meat meal and even advising them on the right procedures to take in ensuring that it is delicious enough.

Mcy56:

Lol. Seems that's the way to go these days with idle funds. Dry bones shall rise again.
Caveat:
Above quoted post is for executives with staunch faith in dry bones. Don't try this with community/family funds. Viewers/readers discretion is strictly advised.

Yayira:


Aremso you need to read from 2016.. that ridiculous prediction has been a common thing on this blog that some of them end up missing a good entry price.. Funny thing is when they charge their armageddon entry price they’ll not say anything until they are done buying then Out of the blue you’ll just see change of tones..

You are right babe. Market can’t be time but presently the situation in Nigeria (economic/political direction) is far from being factual. And concerning this, the market would keep going down irrespective of the results presented IMO. So babe, any entry of yours now should be put on hold till the coast is clear. Love you jare my Yayira Babe . I Dey gbadun you and gat your back lol

IFRS 9 Won't Affect Regulatory Capital of Nigerian Banks--Fitch
https://www.businesspost.ng/2018/08/09/ifrs-9-wont-affect-regulatory-capital-of-nigerian-banks-fitch/

Godisfaithful:


You are right babe. Market can’t be time but presently the situation in Nigeria (economic/political direction) is far from being factual. And concerning this, the market would keep going down irrespective of the results presented IMO. So babe, any entry of yours now should be put on hold till the coast is clear. Love you jare my Yayira Babe . I Dey gbadun you and gat your back lol

Lol salt on injury

Agbalowomeri:
Lol salt on injury

Salt or pepper?

RunsAway...

Agbalowomeri:
Lol salt on injury

Don’t come across my babe, Agba. She’s my assurance and I gat her covered