Jejebabaa:

Same people different monikers
Una no dey tire to dey duplicate monikers

What is this one saying?? Is this how far the bears have affected you? It shall be well bro. Check how old my moniker is. I don't dwell here like you'd expect!

currentprice:


Lol,,, i read some post where pastor veecovee stoning Oracle and i laugh

oracle was not aware there is going to be this so wicked virus true true, i use to seek his advice and i can tell u he was so sure mkt will crash in 2020 reason he carry his kaya ran in January.

He tried though, but most of us know that 2020 would be tough ... I even preach it. However, NSE would have survived first quarter if not this corona virus, which no one knew was coming.

Chibuking81:
Corona virus will likely push Nigeria stocks further to southern pole this new week irrespective of good dividends on the ground, as Brent crude oil remains below $50, and Dow seriously losing, foreign investors will be bailing out around the world to get ready for investment opportunity in USA, and other strong economy like China and Japan that are really affected by this dangerous virus. When ever the world economic will improve, those country with strong economic will pick first, because of that investors preferred them first.

But local investors has nothing to lose, only momentarily paper lose , because after the current falling in price, stock will pick again and will still rise above the current price. If one still have cash to invest, it will be good for him to wait a little, because there will likely be further stock falling in price within the first week of March. But if one lack patience to wait, he can buy more.

This is the time to buy more.
Is WAPCO financial report out?
My instinct tells me to sell WAPCO and buy more UBA.
CC: currentprice

onegentleguy:
Reading from the side line, I can not help but laugh at some input from certain analysts and investors alike.
Its almost natural that in times like these, u tend to see 3 categories of investors;

1) Those who would look to exaggerate RISK by spreading the FEAR gospel, so they can get assets at a cheap in their quest to time the market.
2) Those who would be infested by the 1st group and become so engrossed with too many extrapolations that they end up missing out on some clear opportunities.
AND
3) Those who can manage to alienate FEAR from RISK, avoid timing the market and shrewdly seek REWARD by tapping from any great opportunity in between.......

You said it all. I read, and laughed at the panic in the atmosphere

By portfolio is down too, since I failed to sell at the top of the last rally. But I know this happens every now and then. Since the money is not needed, I let it roll. If it goes down further to irresistible level, I will load more.

Everybody calm down biko.

leo1234:


This is the time to buy more.
Is WAPCO financial report out?
My instinct tells me to sell WAPCO and buy more UBA.
CC: currentprice

Wait and buy the support.
Probably, next week is Oso Abiola phase 2.

Kashif:


You said it all. I read, and laughed at the panic in the atmosphere

By portfolio is down too, since I failed to sell at the top of the last rally. But I know this happens every now and then. Since the money is not needed, I let it roll. If it goes down further to irresistible level, I will load more.

Everybody calm down biko.

Your name is Nkasiobi

RabbiDoracle:


Oil could break below 53. The next support will be 49.93. Possibly, OPEC+ will come with reassuring words.

Watch that space.

As seen above, Brent even traded at 48.95.

I expect Brent to push high towards 60 soon.

Fed needs to cut rates. Other central banks will want to support their economies.

I see a short term reversal. But don't get carried away. All na still trap.

RabbiDoracle:


As seen above, Brent even traded at 48.95.

I expect Brent to push high towards 60 soon.

Fed needs to cut rates. Other central banks will want to support their economies.

I see a short term reversal. But don't get carried away. All na still trap.

Abeg,forgive us and show us hope.
Maybe the God's will honour your words and turn the market green.

Save your brothers,friends from imminence collapse abeg.

[quote author=locodemy post=87052779]

Efforts now should be geared towards combating this corolla. If China is failing it. How can we stand it. Onifa profer solutions oo. Because rite now I can not think stock

locodemy:


Your name is Nkasiobi

I really don't care!

If you choose to let the bears get to you, nke ahu gbasara go ooo. I dey kampe. Why panic when I don't need the money? Nwa nna, you should know better.

[quote author=Krisuba post=87052907]

Business activities has commenced in China.Just few days ago.

After Oso Abiola next week,the other week will find support and we can cherry pick then.

salanda:
Yesterday's news of Nigeria's first case of Coronavirus is what has triggered the negative response in the market today.
It's a shame we in this forum did not explore how such a senerio - Nigeria's first case - would affect the market.
We are too reactive in this forum.
In any case considering other exigent situations leading to reduced prices we should contemplate hedging.

We have long discussed the effect of Contagion if there is a run in other markets.

And sooo @Loco b4 the shrine

locodemy:



Abeg,forgive us and show us hope.
Maybe the God's will honour your words and turn the market green.

Save your brothers,friends from imminence collapse abeg.

Jejebabaa:
Imagine GTB on full offer, the last time GTB was on full offer was in 2015 during recessions

wicked offer.

When soldiers begin run, wetin civilians go do?

Kashif:


I really don't care!

If you choose to let the bears get to you, nke ahu gbasara go ooo. I dey kampe. Why panic when I don't need the money? Nwa nna, you should know better.

You are on point.
Anyone who is trapped and bothered not about the present fall in prices should hasten up and activate the e-dividends of stocks trapped.

currentprice:


Lol.... the sign was there before yesterday na..... it all over the chart but pple call it lagging

27000 support now turn resistance

Brent needs to rise and allow the euphoria to rise again.

Mcy56:
Offers disappearing, bids showing up...........
GTB now 6M+ bids to 8M offers.......
Zenith: bids increasing...................
UBA: full offer at day's low disappeared.......................
FBNH: 5M bids to 5M offers.......................


Let's see how far the artificial panic goes..............
So who are the buyers if I may ask?

**Updating...............

Bullish Mcy

PETERiCHY:
I weep for long term investors STERLING BK that traded N2.30 last month is now selling for N1.26k

Woundjurement.

thesilentone:
Please how can I listen/phone-in for the earnings conference call for companies on the NSE. Where can I find such information?

Thank you for your responses.

Ogas: @Emma @RabbiDoracle @OGG @Agba

I think there are phone lines you can call.

It is usually listed before the conference call.

Kashif:


You said it all. I read, and laughed at the panic in the atmosphere

By portfolio is down too, since I failed to sell at the top of the last rally. But I know this happens every now and then. Since the money is not needed, I let it roll. If it goes down further to irresistible level, I will load more.

Everybody calm down biko.

In succession, here are 5 very pivotal NUGGETS that most folks have failed to effectively utilize to their advantage;

"A period of BULL in the stock market is like an 'unnecessary party', and a BEAR phase like a 'trade-fair'.
The latter is usually when the manufacturer's of great assets auction a few at sumptuous discounts. ...while the former is that time when some 'expired goods' are sold.
A shrewd investor visits both markets, but knows WHEN and WHAT to buy."
~Sinclair

"There are basically 2 great days in a person's life;
The day u were born, and the day u discover why u were born.
In the Stock market, that 'discovery' is tantamount to knowing why u are where u are, and having a sound reason for been there.
...for if u do not know why u are in the market, then u probably won't know why u should succeed in it."
~Sinclair

"To find out if u can SUCCEED more in the stock market, 1st find out if u have the RIGHT TOOLS that can navigate through the worst of times and which can stand the test of time.
...otherwise, go and 'buy' it."
~Sinclair

"If u desire to WIN more 'open battles' with the stock market, then NEVER work to PLAY AHEAD of it or seek to TIME It.
...work to PLAY ALONG with it and seek to better ur playing STRATEGY.
Unless of course u wish for a far less win than normal."
~Sinclair

"If u plan well ur VISION, u will often times execute ur MISSION. But in between that planning and execution MUST come KNOWLEDGE, STRATEGY and DISERNMENT.
...otherwise u might well be 'a prisoner of war' to the stock market and the intelligent few in it."
~Sinclair

meshpips:


It is the "most efficient" bank in Nigeria. It can NEVER happen.

Life is easy! I nor kuku sabi anything.

Wetin small pikin know?

So you expected someone with money to hold it from August 2019 (GTB at 24+) despite GTB hitting 33 in January 2020?

VWAP or whatever you call it will miss some peaks that could have given you good profits.

Intendy:
Stocks with new 52 week lows

Wema #0.54k

Unity bank #0.50k

GSK #4.20k

Npf microfinance Bank #0.95k

Eterna #1.99k

GTB #23.80k

Stanbic #32.50k

Redstarex #3.25k

NB #40.50k

Cadbury #8.10k

ETI #5.40k

Pz #4.50k

Oando #2.70k

yok:
NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 28 FEB 2020

Loss for the week: -4.28%
Loss for the Month: -9.11%
Loss for the Qtr: -2.33%
Loss for the year: -2.33%

The year to date for Allshare index is now in loss position. Let us control our emotions, it is “difficult to catch a falling knife”.
The big loss ignored MSCI’s presence in the market: http://portfolios.morningstar.com/fund/holdings?t=NGE

If you have our forecast, you can check it with the actual for Custodian and Cutix, the actual were not too wide from our forecast.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

What happened to the award of the fastest rising exchange people talked about last month?

sellydion:
I close my eyes

Open your eyes and look at the prices

You dey fear ni?

Godisfaithful:
The best return on investment you can have at the moment is to preserved your capital...don’t buy into hope

And the truth remains that when the time to buy comes, people will be so scared of losing money.

Meanwhile when it is time to sell, they will stay there ooo and forget themselves.

sellydion:
Yes as well recession if this rage of VIRUS is not subside.

So you have started seeing well now.

Hmmm.....

The prices are awful to look at, anyway not really bother much,

I trade over and under value, in sometime to come, the swing would be with us

It is a bundle of mixed blessing. Pray for the world !

Why is WAPCO result delayed?

RabbiDoracle:


Open your eyes and look at the prices

You dey fear ni?

Mcy56:

Peter, you're still licking lollipop.
Dont you think this whole epidemic thing calls for sober reflection and prayer instead?
Remember this is not about Nigeria alone but the global community. Except God intervene, nowhere is safe.
A whole USA running heather skeeter and coudnt curtail it yet. God proving Himself as God. 11 Samuel 15.31
Forget about that money under your mattress for now at least and give life a thought.
We pray God will show mercy and there'll be good news this weekend that will stem down/avert the impending calamity.

My English tisha is in the house, make I no overblow English. Sir Salanda I salute.

Sober reflection?

It will come and go. But It is only those with cash that will benefit.

You always laugh at me and asking if I am not a dividend lover anymore. I am still a dividend lover. I get greedy once I get a good DY. Imagine stocks falling and you key in to get a DY of >25%.

What can be more wonderful to see like 25% DY and more.

You don't know the worth of CASH until periods like this.

Yea, my sight is good on reality things not on predictions.

RabbiDoracle:




So you have started seeing well now.

Hmmm.....

currentprice:


if Gtb can bow to new 52 week today who is fcmb, fidelity, uba, access, uacn, wapco &co this will refuse to bow

i hope not for d shake of pple inside the train

fundamental still remain solid sha

The US case introduced another uncertainty. But it will be well at the end.

No matter what happened people must talk.
Honestly speaking no one knows that corona virus will take the whole part of 2020 q1. It's only God that knows it all. Brent crude parking at below $50 was handiwork of corona virus, NSE ASI dropping to 27,000 was handiwork of falling in price of Brent crude and massive drop in the world stocks market. All pointing at corona virus.

Seriously this event has presented bonanza offer, it's only God that know when this bonanza offer will end.

Chibuking81:

You are truly on point. We need God to intervene, imagine the effect of corona virus bringing down the price of crude oil to below $40, which will likely happen soon if more countries shut down their border against affected countries, and if the disease continue spreading to other countries, our country economy will be seriously affected, most state can't be able to pay their workers, meaning that another recession is seriously coming and this will lead to currency devaluation.

Truly we need God intervention. The speed with which investors are dropping their holdings in Nestle and GTB without looking back or thinking about dividend, show sign of great danger in the market.

Spanish flu in 1918 killed around 50m people. The earth still survived it. So wetin be Corona?

My dear, you see this earth, it will still stand gidigba.

I like the fear you all display now . Las las, I will buy from all of you once the time is right.

Prices are now cheaper and I pray they get battered.