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Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:36pm On Feb 25, 2020 |
leo1234: If you have not sold, you have not loosed anything. Time changes all things 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:36pm On Feb 25, 2020 |
The most important thing is to know what you have bought and why you have bought, don't let the noise in the market place confuse you. It is very possible that you have bought right and yet the share price can still depreciate, it is almost impossible to time the market. Trying to time the market, might make you miss opportunities in the market. APR rights sold for N1.20k. N12 million will buy 10 million units, which earned a dividend of N3.6 million in 2018, N4.5 million in 2019 and N6.3 million in 2020. Generating a total dividend of N14.4 million after deduction of withholding tax in the last 3 years and capital appreciation of N38 million. N1.20k was a good price for the right offer, as in it was appropriately priced. But not quite long after the right offer, the price still went down to close to 90k. Those who listened to the noise in the market place, sold and are no longer partakers of the wealth created by the company in the last 6 years. Business and investing can be likened to a marathon race and not a Sprint. What investors need is patience, financial muscles and staying power. Cash flow will give the financial muscles, endurance and staying power 22 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 3:37pm On Feb 25, 2020 |
sellydion: In my lingo, JIJO does not mean day trading! In the past, whatever i bought I had the intention of holding for ever. Nowadays, only few stock qualify for this treatment. Also, in the past I over-diversified. Lately, I have begun to concentrate my portfolio with the view to holding the stock of a max of 15 companies. Hence, if the events of this week continue, it will present an opportunity to target equities that satisfies this new paradigm. 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 3:37pm On Feb 25, 2020 |
Amen to your prayers Pastor. People that do TBs at 17% interest per annum and can afford to leave their cash for over a year getting afraid in a market where they stand the chance of getting returns close to 100%. Buy stocks that have been consistent in dividend payments. In the long run, it will not be a case of my capital has gone audio. veecovee: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 3:42pm On Feb 25, 2020 |
Yes oooooo. Opportunity to pick more good stocks at a bargain bigjay01: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 3:45pm On Feb 25, 2020 |
Always dey gbadun your historical reports on some stocks. That is how to create wealth through continuous investment emmanuelewumi: 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:49pm On Feb 25, 2020 |
RabbiDoracle: Easier said than done. We've tried some of those stuffs my dear. There's no yardstick to measure the low. He may have bought, sold at lost, buy again, sell at lost and again and again, while trying to buy low. IF YOU DON'T FEEL COMFORTABLE OWNIING A STOCK FOR 10:YEARS, YOU SHOULDN'T OWN IT FOR 10 MINUTES ...Warren Buffet. Stop deceiving people here with your hit and run concept. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:56pm On Feb 25, 2020 |
RabbiDoracle: You are wrong my dear, for now I have stocks that are at their all time low like uacn, wapco and eti and can hold them for 10 yrs ... ceteris paribus. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 3:56pm On Feb 25, 2020 |
Put in your bid, no go get at those prices. At least I tried one. Peter don tell you say naa cross trade. Put in your offer they are likely to snap it stcool: |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:05pm On Feb 25, 2020 |
sellydion: For me its time to buy...I don't put a bid at low when buying. I just buy once I am convinced. Even if you buy at high of today and the stock gains 10% next day it means a lot. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 4:06pm On Feb 25, 2020 |
rebekah2011: The fact is that some of the present government's policies are not favourable to the stock exchange. However, I think this is the best time to buy, cause the another regime is coming after this. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 4:19pm On Feb 25, 2020 |
veecovee: I understand the feeling. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 4:23pm On Feb 25, 2020 |
emmanuelewumi: Sir, I understand you, howbeit, it's apparent that you and I are not Property developers. The banks and other companies should be likened as (property developers) those that build the house. While you and I ... as buyers. For sure, it takes the builders a lot of time to build, like wise we buyers needs time to recoup our investment |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:24pm On Feb 25, 2020 |
stcool:Tone don change. Well-done Sir. Well, Wapco sold down to day's low of 13.95 and still closed 15.50 for the 2nd day. Some people picked at 13.95 junction today. We're awaiting result with expectation of lots of improvement all things being equal. CP identified this stock. OGG as well. I think whosoever is interested should start looking this side small small. Caveat: Na my own I talk, barring any unforeseen circumstance. Peter come and take over your marketing, I don try, even if you no send me. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 4:26pm On Feb 25, 2020 |
bisiki2: No Sir. They paid #1.05k for 2017 FYE and then #1.50k for 2018 FYE. Do check and reconfirm. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 4:27pm On Feb 25, 2020 |
Kashif:Same people different monikers Una no dey tire to dey duplicate monikers 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:28pm On Feb 25, 2020 |
PETERiCHY:You get bad mouth. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:29pm On Feb 25, 2020 |
Mcy56: Nobody is talking about good or bad...or are stocks like uba, gtb and zenith not good stocks. We are talking about depressing price. Nobody said Peter bought a good or bad stock. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 4:32pm On Feb 25, 2020 |
veecovee: what of if you have exhausted all your bullets, wetin u go take buy again? I invest with common sense, those that bought later will still make money more that someone who does average down stuff. I have practised it before at the end those that sold off and re enter later even made more money more than me. How will i grow my portfolio by not been dynamic in my approach to investment? Who knows how long is going to take before market stabilise wth our fx reserve tanking everyday FPIs must be sure they dont caught in cross fire where no fx to repartrate their money back home so best bet to me stay out of market and watch the dust settles. I almost bought uba at N7.6 thinking it may not fall futher now if i had bought at 6.7 i will be making more more money than if bought at 7.5 so i must invest wt common sense! 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:41pm On Feb 25, 2020 |
stcool:Yessa. ....but I'm not talking about good or bad either. Just pointing out that you changed your tone again. Earlier you're waiting btw 10-13, but now you're ready to accumulate. You have your reasons for your decisions but eerrmmm........not to sound too certain as if something is impossible some other time.....for the benefit of some other people. Chai!! Make Una no vex, y'all will soon be seeing less of me in the forum. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 4:54pm On Feb 25, 2020 |
aremso: No one knows tomorrow. It could have continued appreciating after you bought. Have a long term plan before buying 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:58pm On Feb 25, 2020 |
veecovee: This thing still dey pain you. |
Re: Nigerian Stock Exchange Market Pick Alerts by owoblow77: 4:59pm On Feb 25, 2020 |
emmanuelewumi:I took a screenshot of the above. I need to internalize the wisdom in it. Eventually I have to invest in stocks that yield good dividends, as I age. What better time than a bear market to get such @ good prices!!! The challenge is that price fluctuations can be alarming. I need to work more on my self-control because there will always be noise. 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:00pm On Feb 25, 2020 |
Mcy56: Mcy 10-13 na accumulation range na... I don't even know if it would get to N10 that is why I will buy in tranches from tomorrow. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 5:01pm On Feb 25, 2020 |
veecovee:What I know for sure is that if there are no day traders, long-termers will not be able to buy in order to keep for a life-time ! There is no right or wrong strategy in investment, just do what works for you depending on your situation/cash flow. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:02pm On Feb 25, 2020 |
veecovee: 10 years? When you read these investment books, try and adapt it to your locality o. 7 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by owoblow77: 5:04pm On Feb 25, 2020 |
leo1234:You no well o U come dey talk say e pain am Pastor, sorry eh. E pain u, mmm, we know Oya take leavened puff puff, chu something. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 5:14pm On Feb 25, 2020 |
veecovee:Pastor Vee, u dont know Oracle strategy and stop guessing please. I am privileged to know his strategy, he buys at a very low price with good margin of safety, even if market drops further after buying, he keeps buying and getting dividends. Then when the market euphoria comes and people start giving ridiculously high prices stocks will get to, then he start to sell and handover his kaya to the market optimist that are waiting for wapco to hit 3 euros. He is not a trader and doesn't look for 10-20% capital gain. He enters stocks at a ridiculous low price that can give him atleast 100%. A case study was the fidelity he bought at 80 Kobo and sold for 224% gain. He is someone I am privileged to know and also learn from his strategy. He has saved me millions of naira in terms of capital loss. He asked me to sell my uba during the last bull and told me my entry price of 7 naira was too high. Thank God I sold then, if not my uba would have gone back to a loss position in my portfolio. He is of the strategy of if it doesn't poo, it must vomit but his point has always been buy low with good margin of safety as preached by the intelligent investor by Prof Ben Graham. 16 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 5:21pm On Feb 25, 2020 |
Jejebabaa:This is the kind of testimony I love to read. Only a few Nigerians show appreciation, they will still throw "olumo" at you even if they quietly learn from you. This is how it should be, not the unnecessary "rock" throwing. God bless you, sir! 10 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:27pm On Feb 25, 2020 |
Jejebabaa: E be like you go kee me today! 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 5:29pm On Feb 25, 2020 |
PETERiCHY: CASH IS THE PRIORITY FOR NOW. Trade Carefully 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 5:32pm On Feb 25, 2020 |
RabbiDoracle: Sir, I think you are older than this taunting lifestyle |
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