Mpeace:
I no be meme person but I for like post one meme for all de Babas wey sell FCMB yesterday.

Such is life classmate. If it's the other way round dont you think it would have been bloody?
That is one aspect of "Uncertainty" being referred to in Prof's "trading wisdom book". It is well.
Truth is, only lucky few that didnt have it in their portfolio will actually make gain with the rise in price considering the height of the story building it was falling from before.

Mcy56:

What about it sir?

Its seriously undervalued at its current price.

Jejebabaa:

Its seriously undervalued at its current price.

Go and mop it up!

talktokenny:
Go and mop it up!

Mcy56:

Such is life classmate. If it's the other way round dont you think it would have been bloody?
That is one aspect of "Uncertainty" being referred to in Prof's "trading wisdom book". It is well.
Truth is, only lucky few that didnt have it in their portfolio will actually make gain with the rise in price considering the height of the story building it was falling from before.

Business is all about risk. Calculated risk. Fcmb look good to go. Their NPL and other ratios balanced well. But the so called heavy seller made pple entertain so much fear.
Any way the bull in fcmb doesn't seem like one that would last for too long. They can reenter at 1.65- 1.7

Mpeace:
Business is all about risk. Calculated risk. Fcmb look good to go. Their NPL and other ratios balanced well. But the so called heavy seller made pple entertain so much fear.
Any way the bull in fcmb doesn't seem like one that would last for too long. They can reenter at 1.65- 1.7

I hope you made such calculated risk too, seeing all stocks that performed well shedding price daily.
Those that sold might have their reasons for selling too.
Imagine someone with 5M unit of diemond @1.30, calculate his loss as of today. Now imagine same person having 3M of FCMB with all uncertainties surrounding the result, do you think such will not panic sell his holdings?
It's only large investors whose sole aim is to invest, not minding any outcome can wait to see what FCMB was cooking o, or those with lion heart.

Mcy56:

Such is life classmate. If it's the other way round dont you think it would have been bloody?
That is one aspect of "Uncertainty" being referred to in Prof's "trading wisdom book". It is well.
Truth is, only lucky few that didnt have it in their portfolio will actually make gain with the rise in price considering the height of the story building it was falling from before.

. I don't think is too late to buy back at 2+ or under 2 naira with 4 months prospects in mind

Mcy56:

I hope you made such calculated risk too, seeing all stocks that performed well shedding price daily.
Those that sold might have their reasons for selling too.
Imagine someone with 5M unit of diemond @1.30, calculate his loss as of today. Now imagine same person having 3M of FCMB with all uncertainties surrounding the result, do you think such will not panic sell his holdings?
It's only large investors whose sole aim is to invest, not minding any outcome can wait to see what FCMB was cooking o.

Don't use diamond as example, use fidelity instead. Mist of us entered at average 1.6. Since then it has moved up to 2.08. Even with the shedding we are not in any loss. The most important thing is entry price. My stop loss on fidelity is 1.70, and that is not even a loss. [s]My transcorp is presently at my purchase price 1.11[/s]

yom2:
. I don't think is too late to buy back at 2+ or under 2 naira with 4 months prospects in mind

The rally might not be more than 2-3 days. It cant pass N2 around this time.
It will still come down - considering the market situation now. My opinion though.

Mpeace:
Don't use diamond as example, use fidelity instead. Mist of us entered at average 1.6. Since then it has moved up to 2.08. Even with the shedding we are not in any loss. The most important thing is entry price. My stop loss on fidelity is 1.70, and that is not even a loss. [s]My transcorp is presently at my purchase price 1.11[/s]

I used diamond cos of the word "panic sell" used.
Someone in Fidelity, who is not in loss, who also has a lion heart can still afford to take the risk.
Transcorp 1.10 now ...ok you're right, back in 1.11 now

Mcy56:

The rally might not be more than 2-3 days. It cant pass N2 around this time.
It will still come down - considering the market situation now. My opinion though.

Abeg make una allow this bull to have its way nah....People don pay enough tuition fees already. Atleast make we use FCMB recover small.
Biko nu

talktokenny:

Go and mop it up!

Can you borrow me money sir to mop it up?

Mcy56:

I used diamond cos of the word "panic sell" I used.
Someone in Fidelity, who is not in loss, who also has a lion heart can still afford to take the risk.
Transcorp 1.10 now ...ok you're right, back in 1.11 now

And I entered at N1.30 thinking I have successfully robbed a Gold filled Grave.
NSE na bad somebody

Jejebabaa:


Can you borrow me money sir to mop it up?

Use your 13th month Salary

arduino:


And I entered at N1.30 thinking I have successfully robbed a Gold filled Grave.
NSE na bad somebody

LOL. It is well. Some people entered at N2.00! In every situation, be happy for it could have be worse.

arduino:

Use your 13th month Salary

Since i don start to dey work in my entire life. I have never received a 13th month salary. Funnest part is that, even before i receive the 12 monthly salary sef, i don use biro spend am finish before month end.

arduino:
And I entered at N1.30 thinking I have successfully robbed a Gold filled Grave. NSE na bad somebody

Epele sir.

mendes911:


LOL. It is well. Some people entered at N2.00! In every situation, be happy for it could have be worse.

U are even talking of 2 naira sir when Vetiva deceived a lot of people to even buy at 3 naira thinking it will go to the moon.

Some abracadabra going on in diamond now. Same guy will place both bid and offer of same quantity at 0.64 bid and offer 0.65.
Who is deceiving who here ...... is what we are observing.

Mcy56:
Some abracadabra going on in diamond now. Same guy will place both bid and offer of same quantity at 1.64bid and offer 1.65.
Who is deceiving who here ...... is what we are observing.

clearing my eyes....abi I don high ni? diamond at 1.64 ke?....issokay...

Jejebabaa:


U are even talking of 2 naira sir when Vetiva deceived a lot of people to even buy at 3 naira thinking it will go to the moon.

Why would anyone blame Vetiva? Vetiva is in this business to make money. Everyone on his/her own..... Why would one believe Transcorp was headed for the moon when Vetiva made those recommendations? We have to be realistic most times. There are stocks you can always predict their movement. Transcorp is one of them. After all euphoria, they always head back to around it's current position. Transcorp will still take off again. I believe they have packaged their proposed oil exploration as the next catalyst and after a couple of months, will still return to it's rightful position.

mendes911:


Why would anyone blame Vetiva? Vetiva is in this business to make money. Everyone on his/her own..... Why would one believe Transcorp was headed for the moon when Vetiva made those recommendations? We have to be realistic most times. There are stocks you can always predict their movement. Transcorp is one of them. After all euphoria, they always head back to around it's current position. Transcorp will still take off again. I believe they have packaged their proposed oil exploration as the next catalyst and after a couple of months, will still return to it's rightful position.

Any investor wey still buy Transcorpse based on oil exploration story is on a long thing

Agbalowomeri:


Any investor wey still buy Transcorpse based on oil exploration story is on a long thing

You will still buy when they garnish the food finish. LOL. Grave robber like you.

mendes911:


You will still buy when they garnish the food finish. LOL. Grave robber like you.

That's why I said 'based on....'
If TA is superbullish, 1week chop and clean mouth don do me

Many here are too emotional about these stocks. Lol.

What would a man gain to win an online argument temporarily and lose money in real life?

I still don't understand the mindset behind buying something up at 1 naira, then panic selling when it drops to 80Kobo, when everything about said company has always been the same.

My conclusion is that buy low sell high is easier said than done. And why? Because people don't properly vet their investments. If they did, they should be happy to buy more at a drop in price. The only reason I wouldn't buy a bag of food, I usually buy at 10K for less that price is probably because even though I have the money I have a feeling that bag of food is low quality or not good at all.

My conclusion is the bear market will continue for a while. There might be small Christmas yanga/short term bull but this bear will still cover it up.

bolabiyi:
clearing my eyes....abi I don high ni? diamond at 1.64 ke?....issokay...

Nothing do your eyes ma'am.
It's 65k now, lots of manipulations/confusions going on there. They were just playing with numbers anyhow.....
Maybe there's going to be an announcement or something, we wait and see.

Chai! This diemond update reporting no be small work o, I wan go on break, who wan take over.

Ok, market don close, make una go house. Have a wonderful weekend. CP no dey ring bell again.

Mcy56:
Chai! This diemond update reporting no be small work o, I wan go on break, who wan take over.

*[s]I know one emotional laden fellow go comment on this now[/s]*

Ok, market don close, make una go house. Have a wonderful weekend. CP no dey ring bell again.

l for take over but today is friday

ndidigood:
l for take over but today is friday

Abeg where the mosque dey located? I am very prayerful on Fridays

Ekuu market o In CP's voice

Agbalowomeri:


Abeg where the mosque dey located? I am very prayerful on Fridays

Are you her one and only Prof.? She's not tripping for you joorrr.

mendes911:


Are you her one and only Prof.? She's not tripping for you joorrr.

Overtaking is allowed