OakPearl:
The market is basically reacting to the current covid-19 cases spiralling back up in the US and Europe.

I hear France has activated a nationwide lock down.
Oil price is tanking as result of excess storage in the US.

All of these reminds me of February/March 2020 covid-inspired crash.

Just as with every storm there is a silver lining, this current trend if it continues, could offer a fantastic opportunity to bargain-hunt on very good stocks if they come too low.

The normal challenge then would be that there is no liquidity to fund new purchases.
Na wa.

N/B: If you invested for long term in good stocks, there is no need selling at huge losses. These are also times to buy good dividend stocks at a very high dividend yield as a result of undervaluation by current market sentiment.

OakPearl:
The market is basically reacting to the current covid-19 cases spiralling back up in the US and Europe.

I hear France has activated a nationwide lock down.
Oil price is tanking as result of excess storage in the US.

All of these reminds me of February/March 2020 covid-inspired crash.

Just as with every storm there is a silver lining, this current trend if it continues, could offer a fantastic opportunity to bargain-hunt on very good stocks if they come too low.

The normal challenge then would be that there is no liquidity to fund new purchases.
Na wa.

N/B: If you invested for long term in good stocks, there is no need selling at huge losses. These are also times to buy good dividend stocks at a very high dividend yield as a result of undervaluation by current market sentiment.

Olalekank:
NIO is wilding!

OakPearl:


I was amazed to find my portfolio gain for today showing $1,200 when I logged on, just to realise its all thanks to NIO.

As there earnings report date draws near (early November), an analyst just upgraded NIO rating from neutral to overweight with a price target of $40!

This is the fuel behind the fire on NIO.

Olalekank:

Hello OakPearl, can you recommend some stocks as in the bolded above?

OakPearl:





Here are stocks I consider almost very nearly sure bets in the mid to long term.

Consideration has been given for both covid and post covid eras, so all that is required is to look for comfortable entry prices and make patience your pillow.

SQ $128.84
PTON $64.74
FSLY $84.87
SPOT $291.52
OSTK $53.49
MSFT $212.07
APPLE $393.55
NVDA $420.65
NIO $12.82
PYPL $179.23
NIU $19.47
TDOC $227.46

At first glance, you will be tempted to think they are too expensive.
But these stocks still have more gas to run and will make you sure money.

I will bookmark this for review by December 2020.

afroxyz:


I've been praying for this type of buying opportunity since June. I woukd be holding till next week as I anticipate the market woukd tank further

OakPearl:




The above was my picks as posted here on 20th July.
Three months after, NIO and PTON have doubled.
Overstock also more than doubled before recently reversing to around $62 today. With a fantastic result announced today, it is likely to recover some gains next week.
If anyone of the above have come significantly close to what they were as indicated on the list, they are good candidates.
I shall try to make a few additions based on recent performances of new stocks in the last 3 months that I have investigated and consider worthy to be in this category.

OakPearl:
I have got to say Pfizer has been one of the most underwhelming stock in my portfolio.
With all the promises of a great performance based on the covid-19 vaccine it is working on, it just keeps lazying around like there is nothing to look forward to.

Dear Pfizer, if you are waiting for me to sell so you can fly away, you miss road.
Nonesense! Mcheeeew!!!

OakPearl:


Sorry I was unable to respond on time as I discovered I was banned by nairaland bot.
It is very impressive to know you have read the entire thread...wow!
Congratulations on that milestone.
You have successfully armed yourself with the basic realities needed for the next step.

You can start with what you have, which is about $20.
While trying to grow more capital, your initial N10,000 equivalent invested will be working tirelessly for you also.

Considering your initial capital, good penny stocks which can be referred to as Value Stocks should be a good start. Dividends will not make much sense as your capital is small, so you should aim for capital appreciation.
With the resent wave of covid-19 in US and Europe, Pacific Ethanol $PEIX ($7.92) may just be ready to cross the $10 mark.
You need patience, patience, patience as you begin.
Welcome to the club.
Happy investing!

Leezah:
Thank you Sir, I appreciate your timely response. So inorder words I should be looking at capital apprecation

arduino:

Kroger and Barick Gold doing same to me. Am running out of patience sha....

afroxyz:
@oakpearl: what do you think about GE? Not talking because they surprised Wall Street, but the fact that the company has been focusing on rewabke energy and divesting from fossil fuel. I think it is seriously undervalued considering the fact that they are responsible for 25% of wind farm installation globally.

kemicalreact:
@Oakpearl, do you think this would affect Apple stock?

Leezah:
Thank you Sir, I appreciate your timely response. So inorder words I should be looking at capital apprecation

Yuzxy:
Please I need list of sound penny stocks for trading. Thanks

Yuzxy:

Oakpearl and other gurus, please answer me. Thanks

Coolcash1:
I like the divergent views on market direction from you guys. A good investor or trader does not only incline himself to listening to only good or bullish news but a mix of bad and good news to succeed.

I will not discard RabbidOracle’s post as wild claim as suggested nor also brush aside that of BBM and other members’ bullish about the market as well. This kind of posts should be encouraged on this forum as it will help members to re-evaluate their position, follow and monitor market events keenly and re-strategize.

Considering the projection of most experts about second wave of covid, unending trade war between China and the US, uphill tension around US elections and deferment of economic bail out by House to December, the impact of these variables will definitely be felt by the market.

My advice will be cautious entry for investors but for traders adopt twin approach of long and short strategy depending on the trend to stay profitable.

Happy investing.

lafuria1:
Good day fellas, October has always been the most volatile month each year, no surprises how last month was for the market. See picture below

BUT November might not be good either given what we all know is coming. The election is not the problem but what comes after, from what ive seen so far, no party is likely going to accept the result easily which won't be good for the market. Investors hate uncertainty

So guys , tomorrow is key if you can't stomach the upcoming uncertainty, better sell and hold or sell and buy the dip.

Good luck everyone

Jotrade:
Earnings for the week

lavylilly:
which stick should I pick this week

OakPearl:


GE is actually coming from a bad fundamental performance.
The good news is that dried bones can rise again, and from the recent quater result released, that is already happening.
They made a quarterly earnings per share of $0.06 against an estimated loss of $0.06 representing an earnings surprise of 200%.
A quater ago, they produced a loss of $0.15/share against an expected loss of $0.014/share.
These are signs of resurrection.

Add your words as bolded above, and you have a company that could become a great investment in the long term at the current $7.36.
As the market tanks, it will be a sweet buy if it can get to $5/$6. Otherwise, if long term is your horizon it is a very good buy at current price.

lafuria1:
Good day fellas, October has always been the most volatile month each year, no surprises how last month was for the market. See picture below

BUT November might not be good either given what we all know is coming. The election is not the problem but what comes after, from what ive seen so far, no party is likely going to accept the result easily which won't be good for the market. Investors hate uncertainty

So guys , tomorrow is key if you can't stomach the upcoming uncertainty, better sell and hold or sell and buy the dip.

Good luck everyone