Is the bullish run over?

No matter how good you are on the track or football pitch, when you play or run finish you go drink water.
That is the current status of the market.
This is also a time of portfolio re-balancing for long term investors:
Sell your under-performing stocks and key into fundamentally sound dividend-paying rising giants like UACN, Flourmills, Wapco thereby reducing the turbulence that light-weight banking stocks causes.

RabbiDoracle:


Peter don sell you monkey!

Where is THE BIG SMART GUY?

kolaish:
Simply go to CSCS office (1st floor of stock exchange biulding in CMS) with your valid ID Card and request for your statement of account. You will pay a token between N300 - N600 for this. Then, you simply find a stockbroker and of course, the broker will take up from there.

Note for the future.

In this clime, never buy an go to sleep. 12 year sleep for that matter

Please why are people dumping Tony?

aremso:
Please why are people dumping Tony?

Not dumping per se, it's a Tonypulation!

lafencer:


Not dumping per se, it's a Tonypulation!

Na wa oo!

BUACEMENT listed at N35.
CCNN delisted.

Mcy56:
BUACEMENT listed at N35.
CCNN delisted.

Eagle eye madam Welldone, i dey gbadun you! Ori e akan oke

Mcy56:
BUACEMENT listed at N35.
CCNN delisted.

The market is cutting it to size already.
Now 31.50 in full offer!
Who have they offended?

Mcy56:
BUACEMENT listed at N35.
CCNN delisted.

The stock is overpriced and trust Mr market to reprice it accordingly. However, assuming its the fair price, then wapco should not be selling below N45.

Coolcash1:


The stock is overpriced and trust Mr market to reprice it accordingly. However, assuming its the fair price, then wapco should not be selling below N45.

Exactly my thought

When is market closing?

nairavsdollars:
Is the bullish run over?

Even if u(as a human) are the one that ran from surulere to jibowu then to festac, u will need to drink a little water before proceeding on a further run, how much more stocks.
Some of these fundamentally healthy coys have run quite a bit... so they need to sip some water before continuing their run.

Like I said before;
Time and again, there will be pullbacks, but moving upwards we shall. ...at least in the short term.

It is well.

OakPearl:


The market is cutting it to size already.
Now 31.50 in full offer!
Who have they offended?

Dangote Cement - Circa 60MT coy valued at N2.4trn
Wapco - Circa 10MT coy valued at N224bn
OBU - Circa 8MT coy valued at N1.2trn

Na yam? Why won't market correct it?

kolaish:
Simply go to CSCS office (1st floor of stock exchange biulding in CMS) with your valid ID Card and request for your statement of account. You will pay a token between N300 - N600 for this. Then, you simply find a stockbroker and of course, the broker will take up from there.

Thank you! Can I do this on their portal ?

OakPearl:
No matter how good you are on the track or football pitch, when you play or run finish you go drink water.
That is the current status of the market.
This is also a time of portfolio re-balancing for long term investors:
Sell your under-performing stocks and key into fundamentally sound dividend-paying rising giants like UACN, Flourmills, Wapco thereby reducing the turbulence that light-weight banking stocks causes.

Well said my dear !!

Expect Wapco to respond

Mcy56:
BUACEMENT listed at N35.
CCNN delisted.

reminds me of NOTORE , u can price anyhow u want

aremso:
Eagle eye madam Welldone, i dey gbadun you! Ori e akan oke

Amen. Lol.

Agbalowomeri:
Expect Wapco to respond

like Wapco chart , good R/R set up

OakPearl:
The market is cutting it to size already.
Now 31.50 in full offer!
Who have they offended?

Closed at 38.45
There might be lots of manipulations here. We are watching.

UACN ....still drinking water

fxuser:


like Wapco chart , good R/R set up

R/R great!!! Dear

Jejebabaa:

I doubt if ì can sell my zenith below 25 though I have started reducing my position in UBA due to a 10% decline from its 52 weeks high. Stop gain hit already on UBA.

y now bro? nothing to fear for on UBA, though it not bad to cut down if u are too exposure to the banking stock like my oga oracle.

i did same months ago for the fear of cbn policy that may affect bank's earnings at year end. the difference was i put mine own proceed on manufacturing stock not holding d cash

i say again, technically January is not time to SELL

Mcy56:

Closed at 38.45
There might be lots of manipulations here. We are watching.

You sef know say na wash.
Market makers trying hard.
We have seen it all here...MTN and Airtel listings come to mind.
Make we just leave them to Mr. Market to do the DD.

Today Mr FLOURMILLS closed @ N23... but its clear that the 'dude' is now gradually getting tired of running(price rise in view). Perhaps its time for it to 'start trekking' with back and forth movements for a while, before another run.

https://www.booksie.com/595806-value-investing-the-sentimental-way

I remember when I wrote the article above, which was an indirect call for folks to immediately key into FLOURMILLS. ...at the time it was selling for between N13.50 to N13.85
Then, someone replied my post and asserted that the stock needs to trade below N10 before anyone should consider buying into it.
...well, the rest is history !!

Elsewhere, Chief WAPCO 'progressed' up to N15.40 today.
We won't see those initially mocking the coy now. ...but of course if by tomorrow it loses even a Kobo, u will hear from them.

It is well.

OakPearl:
You sef know say na wash.
Market makers trying hard.
We have seen it all here...MTN and Airtel listings come to mind.
Make we just leave them to Mr. Market to do the DD.

We wait and see.
Meanwhile, wapco responded towards tail end ......to close at 15.40.

735i:

Dangote Cement - Circa 60MT coy valued at N2.4trn
Wapco - Circa 10MT coy valued at N224bn
OBU - Circa 8MT coy valued at N1.2trn

Na yam? Why won't market correct it?

Na yam and beans.
You wicked ni.

fxuser:
reminds me of NOTORE , u can price anyhow u want

Lol.

Coolcash1:


The stock is overpriced and trust Mr market to reprice it accordingly. However, assuming its the fair price, then wapco should not be selling below N45.

100% with u Boss

infact wapco @ cp is win win situation with the current DC move and the BUAcement lising price

OakPearl:


You sef know say na wash.
Market makers trying hard.
We have seen it all here...MTN and Airtel listings come to mind.
Make we just leave them to Mr. Market to do the DD.

They listed enter bull ni
It might not be dealt with now