afroxyz:


Nobody is going to shut down the economy, vaccine or not.

The market would continue its momentum till close to elections. This has always been the case every election year. And with the Feds saying they would so whatever it takes, no wahala.

As per tech, anybody buying into tech should be doing so for long term. But if you wan sell , no wahala , e go give us juicy pickings.

Anything that would limit face to face communications/transactions, reduce money spent on renting office or paying people ; or the energy (fossil fuels) is here for the long term.

Care4:
@oversabi @oakpearl

i was had plans to hold PLUG for mid-long term but for some reason, it went red for a long time and today, it's out of the red zone in my portfolio. I'm tempted to cash out.
my question, what's the longterm outlook? Any advise? All risk are mine.

akinssan:


PLUG till have bullish tendencies for me, l entered today.
MACD line is crossing the MACD signal above 0 line while the RSI is above 50 @73
while the 25 EMA is above 50 EMA ..So its till bullish if no negative news.

All my own opinion, DD required.

Jayjaycee18:
Arburtus Biopharma ($ABUS)....paytience.

akinssan:


PLUG till have bullish tendencies for me, l entered today.
MACD line is crossing the MACD signal above 0 line while the RSI is above 50 @73
while the 25 EMA is above 50 EMA ..So its till bullish if no negative news.

All my own opinion, DD required.

Penboy:


The chart also saw $plug break resistance at $10.
Dont you think a pull back is looming?

hancock:
$APPL $MSFT $QQQ setting my portfolio on fire today
I wish every market day can be like this

lafuria1:
Datadog earning report was good nothing negative, all indices beat analyst estimation, the value is done minus 15%, .

If you own datadog, a set back but no issues, fundamentals is good

I'm waiting for analyst to explain what happened. To me it's simply a sell off.

yom2:
don't mind him. This is,not naija market

OvaSabi1:


I am not a him and I didn't say that the market will be shut down.

OvaSabi1:


The best way I can explain it is just imagine your favourite food and what can make you reject this food. Either you are full from eating previously or you're sick.
No matter how much you pump some stocks with good news and other fundamentals, they cannot go above a certain level. Again the company may be "sick" because it is still loss making. Also, it seems it hasn't been assigned a Beta value yet. This is another sign of weak "immunity" for stocks. Again it is a young company. Many times when earnings call day is approaching, the stock price is overvalued due to anticipation. In this case, you can say that the stock is full from eating previously.

Skymoore1004:
As in I was wondering why it’s -$14 post market. This market is really funny lol.
Can never predict accurately

lafuria1:
Datadog earning report was good nothing negative, all indices beat analyst estimation, the value is done minus 15%, .

If you own datadog, a set back but no issues, fundamentals is good

I'm waiting for analyst to explain what happened. To me it's simply a sell off.

Olalekank:

Hi Ovasabi1.
Two hands up for you


What’s your opinion on short term investors?
What’s your preference, short or long term?

For new investors, you mentioned that it is not a good time to invest in stocks as a result of prices on a high. What do you suggest we do?

Thanks thanks

OvaSabi1:


Step 1. Decide what you want out of the stock market. Do you want to be a day trader or a long term investor? Please take note that the glamour of day trading is enticing but it has been proven many times that day traders make less returns than long term investors.
2. What kind of risk are you willing to take? Remember that high risks mean higher gains or losses. How do you determine risky stocks? I use fundamental analysis. A company with a high Beta, high debts and negative EPS are some of the metrics I use to measure risk. I also compare quarterly returns, search for earnings call days and set an alarm on my calendar. For example, I have a covid stock $OSUR that I intend to offload today due to their unfavourable earnings. Also, they deviated from their Covid-19 testing plan. This is even one of the reasons I am selling it. Please, look at a company's 1, 2, 3, 7, 10 year stock gains before buying it.
3. You have to download Yahoo Finance, search for "Dave Ramsey on stocks" on YouTube and watch everything he has to say about stocks. Use these websites: The Mortely Fool, Market Watch and Globe News Wire have provided great analysis. Find the Twitter pages of the single stocks you want to buy. Not just this, search for hashtags of the "ticker" of this company. Open an account with Reddit and follow these sub reddits: investing, wall street bets, penny stocks and stocks. If you can understand what he says, follow Jim Cramer. But he flip flops, just get the information you want out of all the jargon.
4. Be a disciplined person. Don't be easily swayed by people claiming to be making extraordinary returns. My target is to make above the rate of inflation and some change. If I exceed this target, it is a bonus I am grateful for. I am happy for anyone who makes far above me, it is not a competition because we're all trying to survive. Never ever feel like you have missed out on any opportunity when you hear people celebrating their gains in a particular stock. Another opportunity will arise.
5. Stay away from derivatives for now. Stuff like options, short selling, futures etc are highly speculative and are akin to gambling.
6. Do not be tempted to place all of your savings into a single stock or into the stock market. Always have an emergency fund that you can access from your atm machine. On a day that you don't expect, your car will break down, you will fall sick and your grandma in the village will swallow razor blade. Withdrawal from the stock market will erase all your gains for that year.

OvaSabi1:


Step 1. Decide what you want out of the stock market. Do you want to be a day trader or a long term investor? Please take note that the glamour of day trading is enticing but it has been proven many times that day traders make less returns than long term investors.
2. What kind of risk are you willing to take? Remember that high risks mean higher gains or losses. How do you determine risky stocks? I use fundamental analysis. A company with a high Beta, high debts and negative EPS are some of the metrics I use to measure risk. I also compare quarterly returns, search for earnings call days and set an alarm on my calendar. For example, I have a covid stock $OSUR that I intend to offload today due to their unfavourable earnings. Also, they deviated from their Covid-19 testing plan. This is even one of the reasons I am selling it. Please, look at a company's 1, 2, 3, 7, 10 year stock gains before buying it.
3. You have to download Yahoo Finance, search for "Dave Ramsey on stocks" on YouTube and watch everything he has to say about stocks. Use these websites: The Mortely Fool, Market Watch and Globe News Wire have provided great analysis. Find the Twitter pages of the single stocks you want to buy. Not just this, search for hashtags of the "ticker" of this company. Open an account with Reddit and follow these sub reddits: investing, wall street bets, penny stocks and stocks. If you can understand what he says, follow Jim Cramer. But he flip flops, just get the information you want out of all the jargon.
4. Be a disciplined person. Don't be easily swayed by people claiming to be making extraordinary returns. My target is to make above the rate of inflation and some change. If I exceed this target, it is a bonus I am grateful for. I am happy for anyone who makes far above me, it is not a competition because we're all trying to survive. Never ever feel like you have missed out on any opportunity when you hear people celebrating their gains in a particular stock. Another opportunity will arise.
5. Stay away from derivatives for now. Stuff like options, short selling, futures etc are highly speculative and are akin to gambling.
6. Do not be tempted to place all of your savings into a single stock or into the stock market. Always have an emergency fund that you can access from your atm machine. On a day that you don't expect, your car will break down, you will fall sick and your grandma in the village will swallow razor blade. Withdrawal from the stock market will erase all your gains for that year.

OvaSabi1:


Step 1. Decide what you want out of the stock market. Do you want to be a day trader or a long term investor? Please take note that the glamour of day trading is enticing but it has been proven many times that day traders make less returns than long term investors.
2. What kind of risk are you willing to take? Remember that high risks mean higher gains or losses. How do you determine risky stocks? I use fundamental analysis. A company with a high Beta, high debts and negative EPS are some of the metrics I use to measure risk. I also compare quarterly returns, search for earnings call days and set an alarm on my calendar. For example, I have a covid stock $OSUR that I intend to offload today due to their unfavourable earnings. Also, they deviated from their Covid-19 testing plan. This is even one of the reasons I am selling it. Please, look at a company's 1, 2, 3, 7, 10 year stock gains before buying it.
3. You have to download Yahoo Finance, search for "Dave Ramsey on stocks" on YouTube and watch everything he has to say about stocks. Use these websites: The Mortely Fool, Market Watch and Globe News Wire have provided great analysis. Find the Twitter pages of the single stocks you want to buy. Not just this, search for hashtags of the "ticker" of this company. Open an account with Reddit and follow these sub reddits: investing, wall street bets, penny stocks and stocks. If you can understand what he says, follow Jim Cramer. But he flip flops, just get the information you want out of all the jargon.
4. Be a disciplined person. Don't be easily swayed by people claiming to be making extraordinary returns. My target is to make above the rate of inflation and some change. If I exceed this target, it is a bonus I am grateful for. I am happy for anyone who makes far above me, it is not a competition because we're all trying to survive. Never ever feel like you have missed out on any opportunity when you hear people celebrating their gains in a particular stock. Another opportunity will arise.
5. Stay away from derivatives for now. Stuff like options, short selling, futures etc are highly speculative and are akin to gambling.
6. Do not be tempted to place all of your savings into a single stock or into the stock market. Always have an emergency fund that you can access from your atm machine. On a day that you don't expect, your car will break down, you will fall sick and your grandma in the village will swallow razor blade. Withdrawal from the stock market will erase all your gains for that year.

Penboy:


The chart also saw $plug break resistance at $10.
Dont you think a pull back is looming?

afroxyz:
Anything that has to do with China I have been avoiding it lately. @ least till after the elections.

Tobex4realTobex234:


My brother, BABA is a good buy ooo. Hope you own some of it?

Care4:
@oversabi @oakpearl

i was had plans to hold PLUG for mid-long term but for some reason, it went red for a long time and today, it's out of the red zone in my portfolio. I'm tempted to cash out.
my question, what's the longterm outlook? Any advise? All risk are mine.

Madisonsqua:


Can u please explain a little bit more on the bolded part......

InaNla:
Why is the message being hidden now?

OvaSabi1:


What message please?