Mcy56:

I dont expect the fall in prices to continue in a row just like that.
Irrespective of anything, the bear will still take a break.... but the bonanza caught people unaware shey.

Darling crush, come to daddy let me comfort you.

Mcy56:

Amen.
Dont mind Chibuking, he already bought Zenith.
You know one thing that used to serve as encouragement to me is if there are high volumes exchanging hands during bear. If the volume is nothing to write home about when prices are falling, then that scares me.

I think falling prices with increased volume should scare you more.

mendes911:


At this point, it's only those FPI that knows what will bring them back. We can only speculate. Zenith once traded below N9.00 (very low prices) and they are still the one's that crashed the price. Lets keep watching though, but while watching we need to know when and where to take position before we go turn Aaron at the end of the day.

I understand.


I have been wary about increased subscription in fixed income, excess liquidity and falling fixed income yields. Yet NSE is still going down, that is a big red flag. I might be wrong though, but we shall see.

Companies have paid 20%+ dividend yields before, so it can definitely happen again.

mendes911:


At this point, it's only those FPI that knows what will bring them back. We can only speculate. Zenith once traded below N9.00 (very low prices) and they are still the one's that crashed the price. Lets keep watching though, but while watching we need to know when and where to take position before we go turn Aaron at the end of the day.

men, that will be God sent......I will borrow millions to buy zenith at sub #10...... I no go do the same mistake twice

maishai:


men, that will be God sent......I will borrow millions to buy zenith at sub #10...... I no go do the same mistake twice

You misunderstood my post oooo. Mbok, am not saying that Zenith will fall below N9.00. I was only pointing out the fact that prices were once depressed and still FPI's refused to buy stocks, rather they were the ones depressing the market.

Chibuking81:

Every investors and traders were affected, Zenith might enter #19 today, FCMB #1.6, Transcorp #1.05 if Zenith and GTB drop to #19 and #33, other stocks will follow. But they will soon build their support, and wait for q1 to move up.
Market will bounce back before the end of this month, and this year will end with bull. If you are inside sound fundamental stock already, just balance well don't panic, buy more to average down, because you must surely smile by the end of this year.

I still maintain, you must smile

Oga as price falling with no respite in sight why not sell now and use the proceeds to buy more quantity later .

GonFreecss1:


I understand.


I have been wary about increased subscription in fixed income, excess liquidity and falling fixed income yields. Yet NSE is still going down, that is a big red flag. I might be wrong though, but we shall see.

Companies have paid 20%+ dividend yields before, so it can definitely happen again.

but there will be limit to the volume you can get when prices are low. You can only get large volumes in a panicky market. After that, it will be ordinary trading volumes.

When prices get so low, you must bid up prices to pry out like 20m of top tier bank (Zenith, GTB, UBA), or 100m of mode tier bank (fidelity,fcmb) from people's hands. Except if it is a general downtrend where you wouldn't mind waiting for long.

megamart247:


Oga as price falling with no respite in sight why not sell now and use the proceeds to buy more quantity later .

Exactly same advice he gave me on zenith.

Your head is there bro........correct man

mendes911:


You misunderstood my post oooo. Mbok, am not saying that Zenith will fall below N9.00. I was only pointing out the fact that prices were once depressed and still FPI's refused to buy stocks, rather they were the ones depressing the market.

But they still bought afterwards. So what changed? No be the same people wet don dey rule us since?

PETERiCHY:



Yes one good thing about bear is that it brings back sanity. For now no more long Epistle.
Las Las we go still board it below N1:60 junction

Lol.

megamart247:


WISE DECISION
By Friday you will get more units with same proceed.
while the stubborn ones will watch their paper profit and investment go up in flames.

At the end of the day they will secretly struggling to BREAK EVEN all year round.

Yet they shows up on this forum consoling themselves and deceiving NEWBIES with words like "I'm a LONG TERM INVESTORS. I'm only after DIVIDEND. BELIEVE. BLA BLA BLA. whereas they are slowing dying inside....

Made the above statement on Feb 18. Now reality is gradually setting. Bubu already already said we should be ready for tough times in his NEXT LEVEL agenda. and since then me don carry my bag and baggades go villa. Come dey observe things.

megamart247:


Oga as price falling with no respite in sight why not sell now and use the proceeds to buy more quantity later .

You want to learn or follow my strategies
For sure stock will fall more than their current price sooner, because there is no near news that will push the price up, it's also preparing ground for foreign investors to come in by making their price more attractive, the more the fall the better their PE, that's why you see them falling in unison.

But price will later in the year go up, remember to hold on to that which work for you.

Mcy56:
Bids building up for UBA now. 14M bids against 4M offers.
Access too get tashere bids as against xtyday. FBN, Fidelity, fcmb........
Lets hope those crashing it are not stuck in traffic on their way to customs street.

offer almost matching bid now

GonFreecss1:
Darling crush, come to daddy let me comfort you.

Lol. If you get 30b for akant.

Only. GOD knows what's going through LOCO's mind now

aremso:


offer almost matching bid now

This is not a season of price falling. If it happens,we are in big trouble. Let it be that those who bought yesterday be the best bidders for now.
Let's say no to further falls pls.

locodemy:


This is not a season of price falling.
If it happens,we are in big trouble.
Let it be that those who bought yesterday be the best bidders for now.

Let's say no to further falls pls.

Right bro

GonFreecss1:
I think falling prices with increased volume should scare you more.

No, it doesnt. To me it only means that people are showing interest and seeing bargains.
If increased volume persists, dumping will reduce and reversal may be seen.............thats how I normally see it anyway.

PETERiCHY:
Only. GOD knows what's going through LOCO's mind now

Lol.what else?I have dished my worries out here and you know them.


Beside why mentioning the epistle writer?Remember that Uniondiag epistle is not yet written.Wait for 20 pages of it.

PETERiCHY:
Only. GOD knows what's going through LOCO's mind now

Fidelity and FCMB are still forming boss at #1.80, both are not far from #1.50, they will soon visit that junction. Dangote flour are gradually moving to sub #5 where it belong, and Zenith not far from #19, and will soon touch it.

Chibuking81:
Fidelity and FCMB are still forming boss at #1.80, both are not far from #1.50, they will soon visit that junction.

Bonanza Junction?

GonFreecss1:


I understand.


I have been wary about increased subscription in fixed income, excess liquidity and falling fixed income yields. Yet NSE is still going down, that is a big red flag. I might be wrong though, but we shall see.

Companies have paid 20%+ dividend yields before, so it can definitely happen again.

When did companies pay 20%+ dividend yield on NSE, good companies o??

Mcy56:

Lol. If you get 30b for akant.

Of course 30b dey. Now come to zaddy.

Why are they defending dangote flour from crashing....hmmm...wonders of NSE...

Mcy56:

No, it doesnt. To me it only means that people are showing interest and seeing bargains.
If increased volume persists, dumping will reduce and reversal may be seen.............thats how I normally see it anyway.

In TA, increased volume and drops in price are not a good sign.

pluto09:


In TA, increased volume and drops in price are not a good sign.

Please tell us more sir

GonFreecss1:


Of course 30b dey. Now come to zaddy.

You sure you can handle her

Nigeria are seriously looking for foreign investors, the need to lower prices in stock to invite them arises. And this is also an opportunity at side of the local investors to increase their volume, so expect more falling in price.

GonFreecss1:
Of course 30b dey. Now come to zaddy.

Lol. Evidence or Idonbilivit.

*Dont mind me o*

Mcy56:

No, it doesnt. To me it only means that people are showing interest and seeing bargains.
If increased volume persists, dumping will reduce and reversal may be seen.............thats how I normally see it anyway.

Not increased volume where bid power is stronger than offer power at least.

Remember when people sell it's available bids they sell to? It's not that people were magically waiting and they sold to them. They just set their bids and waited, so when offer keeps increasing and people keep dumping at market price to bids, with increasing volume you should be very afraid. The increase in volume in this scenario is not people running to buy, it's already set bids. Always remember that.