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Global Market Sell-off: Europe Extends Losses, FTSE Down 4.3%, CAC Down 5% & DAX Down 4.6% #MarketSelloff

no bid for FBNH at the mkt

[quote author=otokx post=37282323]

I did not see this coming, looks like it will also affect Nigeria.[/quote


Most stocks on nse are low already , if it will affect naija then we should be ready to buy @ 1naira each

[quote author=lancee post=37282727][/quote]

Time for if don pass....

It's affecting Naija just like every other country.

People should be cautious

NSE is an advanced gambling.


What I have learnt so far. Buy low, sell high and use the money for something else.


Mid term JIJO. As for waiting for years is a NO for me.

http://www.nse.com.ng/Financial_NewsDocs/10756_FLOUR_MILLS_OF_NIG._-_Q1_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf

What a disaster.

Some people will buy FBNH @N2.50

.

Like Lancee said, Most stocks on NSE are low already and some are even trading below 52wks low already.

I don't think Nigerian stocks will feel the impact like the advanced market

Aks:
Like Lancee said, Most stocks on NSE are low already and some are even trading below 52wks low already.

I don't think Nigerian stocks will feel the impact like the advanced market

Hahaha bros because u don buy, ur tone don change? U dey watch brent? We may go below 27,000

#Confirmation bias

Aks:
@PETERiCHY - STOCK MARKET is the most organized gambling platform.

I agree with you 100% because Nigerian stocks are devoid of fundamentals

All Nigerian stocks including GTB and others?

There are no good news to trigger a rebound on NSE,so speculative trading will continue..................Dont be angry with any stock because you are loosing so much than expected............This is stock market for you and the new government is not helping matters but market has its own mind which will play out at last...............

Aks:
Gearing up for the market. WATCH OUT for that great month (SEPTEMBER) that is deem to give max returns to investors. UBA & OANDO are stocks to watch carefully.

Well done to the traders (speculators) on this blog who never relent in staking their hard earned cash in this Volatile Market/Period

September is the Month to Invest. Working towards it. @Agbalowomeri, I don't have a dime in the market @ the moment

soloniger:
Brand new or fairly used?

Fairly used

PETERiCHY:
it amuses me when I read comments about the market bouncing back very soon.

The bottomline is the both PDP and APC has lavished the nation's treasury on their selfish campaign now the oil revenue they were hoping to recoup their investments from is not forthcoming.

To the extent FG have to deep hands into the NLGN fund and pulled $2.1billion to bailout states just for payment of pending salaries not even for infrastructures.

Oshiomole on the hand is busy fight Iweala bcuz she didn't approve a certain loan for his state.

Emeliefe on his own side is claiming the reserve is now growing in leaps and bound while CBN can no longer defend the NAIRA which lead to the free fall.

Now tell me who is deceiving who?

The major reasons Pa. MB is not in a hurry to appoint his cabinet due to lack fund.

I ve said it countless times that the only way forward for Nigeria is AGRICULTURE so it's better Nigeria and Nigerians wake to reality and stop living in fool's. paradise.

By NOVEMBER some of the things I'm seeing now will be made manifest.

*ThE OcToPuS *

Bloomberg - Brent Crude Falls Below $45 for First Time Since 2009 on Surplus http://bloom.bg/1Je6dwl

Aks:
September is the Month to Invest. Working towards it. @Agbalowomeri, I don't have a dime in the market @ the moment

If only one knows the date Oga Buhari will name his cabinet, na to buy before that date go sure pass

9free:

Fairly used

Tokunbo or fairly used tokunbo?

Agbalowomeri:


Tokunbo or fairly used tokunbo?

See as all of una wan turn EFCC ontop a fairly used Brand new Yaris

9free:

If only one knows the date Oga Buhari will name his cabinet, na to buy before that date go sure pass

Nobody has an idea ..may come like a thief in the night

Una still dey expect bull. Dow is loosing almost 4% at market opening

It is better to remain at the sidelines and keep ur cash piling up until when we witness a bull...Some bought FBNH at N8-N10 thinking it was cheap, now FBNH is N5 and might fall lower. Wait for an opportunity to jump in and stop catching a falling knife. As for those expecting an immediate miracle from access, even of access post a result that is better than all the Nigerian banks put together, it will still wait for its boss FBNH. As long as FBNH falls, access too must fall.

Born2berich:
It is better to remain at the sidelines and keep ur cash piling up until when we witness a bull...Some bought FBNH at N8-N10 thinking it was cheap, now FBNH is N5 and might fall lower. Wait for an opportunity to jump in and stop catching a falling knife.

But FBNH is worth less than 5.0 na! We don dey sing am since

Agbalowomeri:
Una still dey expect bull. Dow is loosing almost 4% at market opening

I tell them

DOW seeing fire and blood + brimestone

Agbalowomeri:


But FBNH is worth less than 5.0 na! We don dey sing am since

E be like say you wan make some people for here land for hospital abi?

Born2berich:
I will advise that you buy a car worth N600k and then use the remaining balance for yourself and your family. Right now the market is getting really dangerous globally. I believe another meltdown is on it's way. If you have never experienced one, just try your best never to experience such. Simply monitor your remaining investment in the NSE. I wish you the best.

He should be able to between 500k and 600k as dividends which he can use to buy his car.

My ogas and madams, i hail all of una, i even dobale here oh. I have learn a lot and still learning from you all.
pls i have a request and need your honest advice.
It happens that in those days when i was newly introduced to stocks, my friend then always advice me to buy insurance shares and as a newbies, i swallow every advice he give, i have lots of them. I have sold some and i still have lot of them, most of them are in parking garage right now and i want to seek your advice.

Should i sell them or should i still hold on to them. i will make a list of them here for you to be able to help in making an informed decision.

Goldlink Insurance
Guinea Insurance
investment and allied insurance
Lasaco
universal insurance coy
unity Bank
Afrioil
japauoil.

please which one should i sell, hold or wait a bit to appreciate in this bear season 2.

I have since learnt more and been making wiser decision since then.

Thank you for your advice in advance.

God bless yeah.

PETERiCHY:


Weather you buy a car or not that's your own necessity.

My only advice for you bcuz of your wife and child is to pull 80% of that 5m from NSE and look for a real business.

then keep the remaining 20% for this the more you look the less you see business.

Everybody cannot be in business, ask him how he was able to build a portfolio of N5 million and he should continue doing just that.

Elai147:
Some people will buy FBNH @N2.50

Amen, I receive that IJN.

Aks:
Like Lancee said, Most stocks on NSE are low already and some are even trading below 52wks low already.

I don't think Nigerian stocks will feel the impact like the advanced market

Why cant they feel the impact?

I can't remember the last time I saw Oando in the gainers list.

ogadeolu:
My ogas and madams, i hail all of una, i even dobale here oh. I have learn a lot and still learning from you all.
pls i have a request and need your honest advice.
It happens that in those days when i was newly introduced to stocks, my friend then always advice me to buy insurance shares and as a newbies, i swallow every advice he give, i have lots of them. I have sold some and i still have lot of them, most of them are in parking garage right now and i want to seek your advice.

Should i sell them or should i still hold on to them. i will make a list of them here for you to be able to help in making an informed decision.

Goldlink Insurance
Guinea Insurance
investment and allied insurance
Lasaco
universal insurance coy
unity Bank
Afrioil
japauoil.

please which one should i sell, hold or wait a bit to appreciate in this bear season 2.

I have since learnt more and been making wiser decision since then.

Thank you for your advice in advance.

God bless yeah.

Wetin be this, ol boy you no do well with thing kain stocks in your portfolio.

Youngzedd:
NSE is an advanced gambling.


What I have learnt so far. Buy low, sell high and use the money for something else.


Mid term JIJO. As for waiting for years is a NO for me.

so you are gambu? stop saying that.