Mcy56:

Sir, the stock don trap me since o.
Not always lucky with UBA.
Once I gbeja, I no go look that side again. Just like Caverton, I never know Wetin dem go sell wey i go buy again.

But this wasn't in anyway your fault though, it's not about the stock you bought, rather you were in the market when the tsunami started. Which stock hasn't been battered yet?

Kashif:


But there is no way an entire country will be catching coronavirus. I get your point, but like in every economic crisis, propaganda or mildly put, information, is always key. Before you know it, everybody catches the diluted or exaggerated media view, effectively programming the mind.

During the 2008 crisis, Most businesses just went into limbo because they were programmed to believe the world was coming to an end. People were just sitting on their cash - nobody was willing to spend because nobody was spending. Everybody caught the bug!

There is a lot of fear in the air right now, and it is not doing anybody any good. That same fear is the reason somebody will be willing to pay 500% more for a hand sanitizer! Same reason you see people walking about with surgical masks, which have been proven to be useless. An Italian (who is most likely to pull through the infection) enters with symptoms, and the country goes hysterical. Is that the way to manage crisis? During ebola, propagandists made people believe that drinking salt and bathing with same was a sure cure. In a week in Enugu, many traders abandoned their trades and became instant salt merchants. The result? Excessive salt intake killed more people than ebola itself!

The current virus sure has economic effect, but it is not as bad as most think. I am more realistic than optimistic, because we have all seen it before, again and again. This too, shall pass sooner than we expect!

You say the economic crisis isn't as bad?

China has the worst data in February 2020. NASA viewed China before the outbreak to see the level of polution in the air and viewed it during the quarantine. You will be amazed that the air was clear in China

This means that industries were shut.

Even during SARS, Hyundai in Korea said they never shut their plants. This time, they shut their plants. Auto companies had to shut because they get their parts from China and these suppliers (based in China) were not working.

Many companies had issued profit warnings.

Or is it banks? HSBC said they will be cutting 35,000 jobs. Some Airlines are in bankruptcy because they depend on Chinese passengers.

dinyelutochukwu:
As for me I’ve disposed 65% of my portfolio (All banking stocks) at approximately 15% loss. I’m just left with WAPCO and Dang Sugar.
Let’s watch from the side lines.
I don’t even care about the dividends anymore when my capital is at risk.

Capital Preservation... Good morning oooo.

mendes911:


LION HEARTED!

BRAVE to be able to survive NSE ...Only for the lion hearted

rebekah2011:
It is because the Coronavirus has now made Zenith Bank a candidate of N13. Zenith Bank is never a stock of N13. if we get to buy at this price, we will look for money and buy. if it gets to N10, we will buy more. We are not going to panic because NSE is losing points. Congratulations to those who are loaded in cash.

Bear in mind that just 4yrs ago with CORONAVIRUS outbreak ZENITHBK sold below for less N9 while both GTB and STANBIC sold for less than N13.

Mcy56:

Sir, the stock don trap me since o.
Not always lucky
with UBA.
Once I gbeja, I no go look that side again. Just like Caverton, I never know Wetin dem go sell wey i go buy again.

Guess na village pipu...
pulling your legs ni ooo

mendes911:


Capital Preservation... Good morning oooo.

My brother,
Wetin man go do...

Godisfaithful:


You are absolutely right. Take for example, so many traders was rejoicing last night when the future opened green, but emotionally they went in with the hope that market will bounced back this morning...and presently market Dow is down already with 350 points. Emotions in stock market is a death sentence to your capital. If people can stay away from it, they will do better than expected. Why would I buy a stock of 13 Naira @25 because of dividend of 2+ Naira? That’s like 45% down in capital? This means one need More than 50% rise in price to break even not talking of profit....It is about facts over fantasy

Anyone that is putting money in this market now needs to be careful and back himself up with very powerful TA. Any rise is transient.

There will be more downside

PETERiCHY:


Bear in mind that just 4yrs ago with CORONAVIRUS outbreak ZENITHBK sold below for less N9 while both GTB and STANBIC sold for less than N13.

Let Zenith come down to N6. We will mop up more units with joy

mendes911:
But this wasn't in anyway your fault though, it's not about the stock you bought, rather you were in the market when the tsunami started. Which stock hasn't been battered yet?

Yes. We never expect corolla. Just thought it will be normal market downturn.
Similar thing happened last year too, reason I'm adding one plus one together.

Lion123:


Let Zenith come down to N6. We will mop up more units with joy

You are getting it for free. The EPS is higher than N6.00 that of GTB is close to N7.00.

Kashif:


But there is no way an entire country will be catching coronavirus. I get your point, but like in every economic crisis, propaganda or mildly put, information, is always key. Before you know it, everybody catches the diluted or exaggerated media view, effectively programming the mind.

During the 2008 crisis, Most businesses just went into limbo because they were programmed to believe the world was coming to an end. People were just sitting on their cash - nobody was willing to spend because nobody was spending. Everybody caught the bug!

There is a lot of fear in the air right now, and it is not doing anybody any good. That same fear is the reason somebody will be willing to pay 500% more for a hand sanitizer! Same reason you see people walking about with surgical masks, which have been proven to be useless. An Italian (who is most likely to pull through the infection) enters with symptoms, and the country goes hysterical. Is that the way to manage crisis? During ebola, propagandists made people believe that drinking salt and bathing with same was a sure cure. In a week in Enugu, many traders abandoned their trades and became instant salt merchants. The result? Excessive salt intake killed more people than ebola itself!

The current virus sure has economic effect, but it is not as bad as most think. I am more realistic than optimistic, because we have all seen it before, again and again. This too, shall pass sooner than we expect!

Oga, you need to be more realistic than this oo.

First of all, the major issue with this outbreak bothers on its contagion. Currently, its estimated that every 1 person who is infected infects two to three people. This is made more complicated with emerging facts that people become contagious before showing symptoms. These majorly(highlighting the difficulty to contain the virus) are the reasons governments around the world are taking drastic measures.

The measures taken by several governments around the world to guard against the outbreak or further spread of COVID-19 within their borders (which are not excessive in my opinion, compared with battling a full blown outbreak like China is and recently some other countries (South Korea, Italy, Iran) are doing) are the real drivers of negative impact on the global economy.

And should the outbreak get into pandemic proportions, it will get worse. The best news, in that instance in particular, naturally speaking, would be either or both of invention/discovery of a cure or vaccine.

Over 75% of my stock market fund is invested in the market but that will not mean I won't say the truth when I see it.

akinssan:
Guess na village pipu...
pulling your legs ni ooo

I tire o, they're just bent on sending me to village. God pass them.

RabbiDoracle:


Anyone that is putting money in this market now needs to be careful and back himself up with very powerful TA. Any rise is transient.

There will be more downside

That’s why the best investment right now is to preserve your trading hard earned money (capital). The dip is going to get dipper for now...

Lion123:


The best would be if it gets to N6

At N6 and with Dividend of N2. 80, DY is 46%.

Even Emefiele will buy

Lion123:


The best would be if it gets to N6

There will always be something better

Mcy56:

Sir, the stock don trap me since o.
Not always lucky with UBA.
Once I gbeja, I no go look that side again. Just like Caverton, I never know Wetin dem go sell wey i go buy again.

You are always like this when market falls. It means you are yet to get your strategy right.

You are easily affected by 'noise' .

mendes911:


Capital Preservation... Good morning oooo.

RabbiDoracle:
Relax yourself. Soon Jay Powell will release our highness and we go well after a short time. Later reality sets in.

Sir, pls just alert us when it's safe to enter the market back, we don surrender.
I cannot come and go and kee myself.
The news that one person died again in US and Iran's top adviser seems to be affecting the market again.
Media houses and bloggers are not helping matter at all.

Mcy56:

I tire o, they're just bent on sending me to village. God pass them.

I go dey prayer with you sis

Mcy56:

Yes. We never expect corolla. Just thought it will be normal market downturn.
Similar thing happened last year too, reason I'm adding one plus one together.

Sister Mercy, abeg no come make me dey fear to enter my car oo. You're the second person calling this thing Corolla

chillykelly86:


Oga, you need to be more realistic than this oo.

First of all, the major issue with this outbreak bothers on its contagion. Currently, its estimated that every 1 person who is infected infects two to three people. This is made more complicated with emerging facts that people become contagious before showing symptoms. These majorly(highlighting the difficulty to contain the virus) are the reasons governments around the world are taking drastic measures.

The measures taken by several governments around the world to guard against the outbreak or further spread of COVID-19 within their borders (which are not excessive in my opinion, compared with battling a full blown outbreak like China is and recently some other countries (South Korea, Italy, Iran) are doing) are the real drivers of negative impact on the global economy.

And should the outbreak get into pandemic proportions, it will get worse. The best news, in that instance in particular, naturally speaking, would be either or both of invention/discovery of a cure or vaccine.

Over 75% of my stock market fund is invested in the market but that will not mean I won't say the truth when I see it.

Very well put.

Oga Petrichy ; WAPCO DON COME DOWN ;10%. No stock is immune from this strong bear

chillykelly86:
Sister Mercy, abeg no come make me dey fear to enter my car oo. You're the second person calling this thing Corolla

I saw one Toyota Corolla online, they now used marker to write virus beside it.

Godisfaithful:


That’s why the best investment right now is to preserve your trading hard earned money (capital). The dip is going to get dipper for now...

Market closed with lots of ten ten percent loss

You don't know the worth of your cash until you lose it....... ~King Solomon 950 BC

Mcy56:

Sir, pls just alert us when it's safe to enter the market back, we don surrender.
I cannot come and go and kee myself.
The news that one person died again in US and Iran's top adviser seems to be affecting the market again.
Media houses and bloggers are not helping matter at all.

It is on New York sef. So it is the US numbers that will rattle market next week. That is why Fed must cut rates to see if he can appease the boys.

Mcy56:


I saw one Toyota Corolla online, they now used marker to write virus beside it.

Toyota Corolla na joke now o, stigma of corona virus.

RabbiDoracle:


If it is not quickly addressed, everyone will catch it. That is why they use extreme measures to contain it. Measures like quarantine, closures of companies, churches, mosques. In Wuhan, we read they sealed buildings to prevent people from leaving the buildings. These has economic implications.

If you do nothing, everyone will catch it.

The bolded makes the difference - countries are taking drastic measures to check the spread. While they are at that, the economy will suffer, but there is always an end to all these, isn't it? I cant remember the name of the analyst who likened stock selloff to one's stomach being pushed inwards. It gets to a point where it cannot go in anymore. The market is currently bearish, and as expected, the sentiments sway accordingly. If it goes bullish, and is sustained, most wont remember this period.

Coming back to NSE, would you really say the slaughter going on is caused by corona virus?

eziokwunwoko:
Oga Petrichy ; WAPCO DON COME DOWN ;10%. No stock is immune from this strong bear

And who do you think that bought it

chillykelly86:


Oga, you need to be more realistic than this oo.

First of all, the major issue with this outbreak bothers on its contagion. Currently, its estimated that every 1 person who is infected infects two to three people. This is made more complicated with emerging facts that people become contagious before showing symptoms. These majorly(highlighting the difficulty to contain the virus) are the reasons governments around the world are taking drastic measures.

The measures taken by several governments around the world to guard against the outbreak or further spread of COVID-19 within their borders (which are not excessive in my opinion, compared with battling a full blown outbreak like China is and recently some other countries (South Korea, Italy, Iran) are doing) are the real drivers of negative impact on the global economy.

And should the outbreak get into pandemic proportions, it will get worse. The best news, in that instance in particular, naturally speaking, would be either or both of invention/discovery of a cure or vaccine.

Over 75% of my stock market fund is invested in the market but that will not mean I won't say the truth when I see it.

It is well my brother. The thing is that most who die from it have other underlying medical conditions. Most infected people recover, and that is important to note. Like I said before, this too, shall pass.

Shalom.

Thank God for online trading ooo to monitor one's portfolio. imagine if it was in the era of analogue trading. Brokers will intentionally put their phone on voicemail, they will buy high and sell lower low for you to the point when they send you your statement, you will begin to ask God why he made you a human being . Chai!!!

emmanuelewumi:



You are getting it for free. The EPS is higher than N6.00 that of GTB is close to N7.00.

At that price, Jim Ovia will do an MTO and offer investors N12. LOL.