locodemy:


They don use your cross to crucify you.

RabbiDoracle:


Mendes , oya over to you.

Godisfaithful, another outing dey today ooo... You need to take madam out for shopping again ooo.

Coolcash1:
I have come to realize that in the NSE, it pays to approach the market with a pessimistic than optimistic view. With this mindset, you manage your downside risk better. For instance, looking at the fantastic result Zenith released an optimist would have expected the stock to go on bid or at minimum record momentum in price gain but hey, what we saw was complete opposite- pessimism. On the flip side, someone who holds a pessimistic view would have predicted the price to head south and then wait before taking position at the value zone. With this, the investor would have hedge his downside risk to a very large extent unlike mr optimist.

I give another personal example. During the FBNH rally, I was very optimistic that the price will get to N16 (as predicted by experts and members of this forum) which made me to enter at a very high price. What I saw was that it before i knew it the price entered reverse gear and the target of N16 turned into a mirage. In short, I had to sell at a loss....

Newbies note that the above apply more to short term investors than long term.

RabbiDoracle:


Mendes , oya over to you.

Godisfaithful, another outing dey today ooo... You need to take madam out for shopping again ooo.

mendes911:


Over to me kee. Am not responsible for anybody's frustration. I will ignore as usual. Afterall they initially said you were gonna lick your vomit, they ended up licking your vomit for you. LOL.

The one that was calling Agba a master in January, called him a clown last week. Let them keep throwing the stock.

RabbiDoracle:



Cc Loco

Yayira:
CP
FXuser
Pa Emma
Agba

I’m officially out of the market now, so all of you can rest now till I enter again and continue to bombard y’all with questions.
Thanks a lot for all the advice

IchimokuPilot:
More Weekly 'dead crosses'.
Hmm!
More new doses of Patience administered.

Agbalowomeri:


Index trading at 9week low

fxuser:


taking back more of dat jan gains

fxuser:


Top 10 Price declines

Japaul -30.93%
Fidelity -22.48%
Unity -21.51%
AfriPrud -20.20%
Lasaco -18%
Wema -18%
ThomasWyatt -16%
UCap -15.8%
Nascon -15.4%


massive double digit drops ! ! Very angry bear

fxuser:
Trading Pull backs

D further price drops below ur entry, d more emotional pressure for a reaction
Without any guiding rules , ur in for an emotional roller coaster ride

fxuser:



super risk management move , good reaction . kudos madam
i'm also at my highest cash level since dec also
anyway , this is d worst weekly performance for bank Index. Week to date is a massive -8.35% (massive weekly red engulfing candle)
Personally , got my first humble pie, fidelity holdings was bady out of position wt an avg cost of ard N3 ..
i dont know how to avg down , i chop my humble pie without fuss (blame d itchy finger issues later)
every market likes to serve humble pies ard every now and den (crypto community de chop am back to back dis yr lolx)
dis sell off is likely to continue into the new week ..
opportunities will present themselves again , we wud patiently wait and not be drawn into chasing them lol


Key reminder to Self:
Never ignore negative divergences

fxuser:



super risk management move , good reaction . kudos madam
i'm also at my highest cash level since dec also
anyway , this is d worst weekly performance for bank Index. Week to date is a massive -8.35% (massive weekly red engulfing candle)
Personally , got my first humble pie, fidelity holdings was bady out of position wt an avg cost of ard N3 ..
i dont know how to avg down , i chop my humble pie without fuss (blame d itchy finger issues later)
every market likes to serve humble pies ard every now and den (crypto community de chop am back to back dis yr lolx)
dis sell off is likely to continue into the new week ..
opportunities will present themselves again , we wud patiently wait and not be drawn into chasing them lol


Key reminder to Self:
Never ignore negative divergences

wanaj0:
Seems there is a LOT of panic! People need to relax and manage their expectations.

People seems to believe the Armageddon is here! I don't think so.

For 'traders', we are in difficult times. There is NOTHING to move the share prices northwards. Most stocks already have the full ear result factored into their prices hence the 'bull' run end of last year. Except the final result is significantly different from full year result, don't expect major change in prices.

I think we still have value on the NSE. Zenith is trading at a PE of <5.00! That is a deal. Even GTB's PE is <10! They are ramping up personal loan now since the free TB money is gone for now. I expect the top banks to be able to sustain earnings in 2018. With current oil price, their Oil and Gas NPL should see some improvements.

Generally, people should FORGET about buying at the 'bottom' and selling at the 'peak'. It is a fallacy! I guess that is what is responsible for the gloom now! You are better off having a percentage profit you plan to make and exiting once that OBJECTIVE is met. Many seems to be trading without a strategic plan! The only plan seems to be to 'hammer'

And for those who don't have their emotion in check, flee the NSE! Your portfolio can be down 30% in just 2 weeks! For those that started last year and only saw the BULL run and thought it will continue, biko life is not like that!

Lastly, PLEASE avoid 'kalo kalo' stocks like JA PAUL irrespective of the seeming 1000% returns. Such stocks are not meant for 'ordinary' human beings. Only 'winch' people trade in stocks with zero fundamentals plus terrible corporate governance/management! When such stocks reverse, na like trailer going back on a slope! At least if person go chop frog, chop the one with egg!

Happy Investing

wanaj0:
Seems there is a LOT of panic! People need to relax and manage their expectations.

People seems to believe the Armageddon is here! I don't think so.

For 'traders', we are in difficult times. There is NOTHING to move the share prices northwards. Most stocks already have the full ear result factored into their prices hence the 'bull' run end of last year. Except the final result is significantly different from full year result, don't expect major change in prices.

I think we still have value on the NSE. Zenith is trading at a PE of <5.00! That is a deal. Even GTB's PE is <10! They are ramping up personal loan now since the free TB money is gone for now. I expect the top banks to be able to sustain earnings in 2018. With current oil price, their Oil and Gas NPL should see some improvements.

Generally, people should FORGET about buying at the 'bottom' and selling at the 'peak'. It is a fallacy! I guess that is what is responsible for the gloom now! You are better off having a percentage profit you plan to make and exiting once that OBJECTIVE is met. Many seems to be trading without a strategic plan! The only plan seems to be to 'hammer'

And for those who don't have their emotion in check, flee the NSE! Your portfolio can be down 30% in just 2 weeks! For those that started last year and only saw the BULL run and thought it will continue, biko life is not like that!

Lastly, PLEASE avoid 'kalo kalo' stocks like JA PAUL irrespective of the seeming 1000% returns. Such stocks are not meant for 'ordinary' human beings. Only 'winch' people trade in stocks with zero fundamentals plus terrible corporate governance/management! When such stocks reverse, na like trailer going back on a slope! At least if person go chop frog, chop the one with egg!

Happy Investing

mendes911:


That Fidelity's ₦3.00 support was something else. It was too good to be ignored. Got a lot of people in, not just you alone. That's where the dumping started from.

What about your Transcorp?

RabbiDoracle:


I don't think Armageddon is here.

Yes, they are ramping up personal loans but it will take a while to penetrate and they must have good risk management division to ensure that it doesn't go bad. This is the tricky one. We are always faced with this cycle: FX issues, Tbills gains, Tbills reduction and start of lending, then NPLs and finally a rescue. And it goes on and on again.

The big banks will weather this storm but the small ones will find it difficult.

Meanwhile, does CBN want to put up any law to limit FPI? I read something where GE was saying that FPI is bad for the economy?

IchimokuPilot:
I now know why some traders print out charts.
In the beginning, I used to feel investing. Com changed the charts after my entry.
I later started keeping charts on all timeframe on the day of purchase.
I was shocked at how my emotions were interpreting the charts I was personally printing.

mendes911:


That Fidelity's ₦3.00 support was something else. It was too good to be ignored. Got a lot of people in, not just you alone. That's where the dumping started from.

What about your Transcorp?

RabbiDoracle:


I don't think Armageddon is here.

Yes, they are ramping up personal loans but it will take a while to penetrate and they must have good risk management division to ensure that it doesn't go bad. [/b]This is the tricky one. We are always faced with this cycle: [b]FX issues, Tbills gains, Tbills reduction and start of lending, then NPLs and finally a rescue. And it goes on and on again.

The big banks will weather this storm but the small ones will find it difficult.

Meanwhile, does CBN want to put up any law to limit FPI? I read something where GE was saying that FPI is bad for the economy?

mendes911:


That Fidelity's ₦3.00 support was something else. It was too good to be ignored. Got a lot of people in, not just you alone. That's where the dumping started from.

What about your Transcorp?

fxuser:


um Transcorp
been adding little more btw N2 to 1.90 oh ... taking my avg cost up to 1.44 to 1.50 on different accounts
the yeye just pulled back further on some kind of low vol
very bearish posture , hv to hang on , because the volume traded are very low .. even d bids were very low

IchimokuPilot:


As Warren Buffet said, in the market, the rear mirror is clearer than the windscreen...
I sit back at times and wonder how I built a buy case when the charts were clearly shouting SELL!
It took me as much as slapping myself and insulting myself before a mirror that prevented me from entering Fidelity @ N2.86 -N2.98.
This is because, looking at the weekly chart, which I never play with, it was too much even for a die-hard gambler to dare, and weeks can pass too fast without notice, in a wrong stock. The daily was pretending to be nice, like a rat that bites and blows air.

I have learned a lot during this period.

Agbalowomeri:


That support was super artificial. nse charts need to be read with naija flavour. When the seller (who knows, maybe MM) was done selling, he released the recoil. And new sellers are entrying

locodemy:


I really feel for him.His technicals was leading him to add more,top more as he normally says.
Fidelity and Transcorp was his major top up.I even told him then to run away and leave technicals for now but he kept on toping,adding saying........

um!
what do i know self.
interesting days ahead.
more patience.
and many more.

mendes911:


Is it school fees yet or this is still payment for course registration?

RabbiDoracle:




I hope you will not sell when you are meant to hold.