virus or no virus, oil seen on a very good support this morning and i expect a pull up from here.

plenty £££ to make here

Mcy56:

Ok. I understand now but...
Let's not be too hasty to jump into conclusion. What if that's not the case.

There is a need to prepare for eventuality.
I am 50% in the market and 50% on cash.
I don't have any other enticing investment to put my money now except looking for a good defensive stock to invest in.

Properties,T-bill etc are no no for me now.

currentprice:
nobody see coronavirus coming, this virus affected the movement seen last month which expected to continue this month but mkt has been badly affected and change the sentiments to favor those expecting bear mkt in order to buy low. seeing price move below the cycle pinbar on daily was a bad signal and price unable to move inside the weekly clouds makes matter worse

though the fundamental of stocks remain intact but if one have the opportunities to sell with little profit since price still well above August/sept prices, do so to buy more unit later.

if you sell, it not necessarily you buy back same stock as new opportunities will shows on other good stock. it another opportunity to make us rich

I agree with your take
My position is that the double-bottom on the weekly would be formed
Then we move again (we've gone pass the double-bottom on the daily)
Later, we make double-bottom on the monthly and vooooooom

Market is a hold for me, moreso being earning season

I thought the coy was happy with border closure. Just N595,254,000 PAT

Agbalowomeri:


Which kain thing be this?
Just to submit something haba
Some people need to be flogged Lol

currentprice:
virus or no virus, oil seen on a very good support this morning and i expect a pull up from here.

plenty £££ to make here

contrarian always chop oyel money

Agbalowomeri:


I agree with your take
My position is that the double-bottom on the weekly would be formed
Then we move again (we've gone pass the double-bottom on the daily)
Later, we make double-bottom on the monthly and vooooooom

Market is a hold for me, moreso being earning season

So double bottom on weekly is around 28500, right?

mendes911:


So double bottom on weekly is around 28500, right?

currentprice:
nobody see coronavirus coming, this virus affected the movement seen last month which expected to continue this month but mkt has been badly affected and change the sentiments to favor those expecting bear mkt in order to buy low. seeing price move below the cycle pinbar on daily was a bad signal and price unable to move inside the weekly clouds makes matter worse

though the fundamental of stocks remain intact but if one have the opportunities to sell with little profit since price still well above August/sept prices, do so to buy more unit later.

if you sell, it not necessarily you buy back same stock as new opportunities will shows on other good stock. it another opportunity to make us rich

In addition to the coronavirus, I also think the increase in CRR by CBN sent wrong signals to the market.....

The size of the cake is getting reduced day by day

RabbiDoracle:

Why you dey laugh naaa? Correct me if am wrong. Mcy56's bottom be confusing and conflicting with my own interpretation.

Bargain hunters positioning in Nahco below 2.60.
Will hit 3naira or 3+ as soon as final result/dividend is announced.
So also F&F

Mcy56:
Bargain hunters positioning in Nahco below 2.60.
Will hit 3naira as soon as final result/dividend is announced.
So also F&F

Are you gonna run updates today or should I start?

currentprice:
nobody see coronavirus coming, this virus affected the movement seen last month which expected to continue this month but mkt has been badly affected and change the sentiments to favor those expecting bear mkt in order to buy low. seeing price move below the cycle pinbar on daily was a bad signal and price unable to move inside the weekly clouds makes matter worse

though the fundamental of stocks remain intact but if one have the opportunities to sell with little profit since price still well above August/sept prices, do so to buy more unit later.

if you sell, it not necessarily you buy back same stock as new opportunities will shows on other good stock. it another opportunity to make us rich

For some stocks, August low can be threatened (and possibly broken).



Watch that space.

mendes911:


Are you gonna run updates today or should I start?

Leave Mcy alone please.

She don try to give updates.

mendes911:
Are you gonna run updates today or should I start?

You want to start creating panic bah?

RabbiDoracle:
Leave Mcy alone please.
She don try to give updates.

Big boss dont mind him. He's teasing me ni.
doomsayer

Mcy56:
Bargain hunters positioning in Nahco below 2.60.
Will hit 3naira or 3+ as soon as final result/dividend is announced.
So also F&F

Some stocks are even looking better than Nahco.
Each new day,a new stock springs up for better returns.

I would have fully invested in Wapco but this new low of a thing in other fundamental stocks look like a better investment than Wapco.

currentprice:
nobody see coronavirus coming, this virus affected the movement seen last month which expected to continue this month but mkt has been badly affected and change the sentiments to favor those expecting bear mkt in order to buy low. seeing price move below the cycle pinbar on daily was a bad signal and price unable to move inside the weekly clouds makes matter worse

though the fundamental of stocks remain intact but if one have the opportunities to sell with little profit since price still well above August/sept prices, do so to buy more unit later.

if you sell, it not necessarily you buy back same stock as new opportunities will shows on other good stock. it another opportunity to make us rich

Not sure your assertion is right that the current bear is being caused by the Coronavirus and fall in oil price.
Because I don’t recall any virus or drop in Oil price from ending of November into December?

Mcy56:

You want to start creating panic bah?

Me? Mba naa, Corona Virus is creating enough panic. Did you hear that 64 died in China just yesterday and CNN is claiming that figures are being managed by China implying that deaths are more. Me ayam scared for my containers in China.

BTW, WAPCO sighted at N14+. Remember Peter in your prayers. He can't even drop a word here.

I have learnt that virus and war issues that affects world markets provide opportunities for minting new millionaires.
In fact, if I had access to the Chinese market, I would have capitalized on this coronavirus challenge to buy blue chips.
SARS came and left, Flu came and left, even Ebola came harassing us in Nigeria with our poor strategy to contain it and also left, with the markets rebounding each time there is a reprieve.
Watch and see what a jump Asian, American and European markets will experience on the day an announcement will be made that it has been effectively contained.
Most times, a down turn is an opportunity to hammer!

OakPearl:
I have learnt that virus and war issues that affects world markets provide opportunities for minting new millionaires.
In fact, if I had access to the Chinese market, I would have capitalized on this coronavirus challenge to buy blue chips.
SARS came and left, Flu came and left, even Ebola came harassing us in Nigeria with our poor strategy to contain it and also left, with the markets rebounding each time there is a reprieve.
Watch and see what a jump Asian, American and European markets will experience on the day an announcement will be made that it has been effectively contained.
Most times, a down turn is an opportunity to hammer!

Tell that to those that bought Zenith at N22 waiting for release of results.

Downturn only makes money for those holding cash!

waiting for Zenith at N15 junction....

mendes911:


So double bottom on weekly is around 28500, right?

27K7

Coolcash1:
waiting for Zenith at N15 junction....

Don't come and crowd this N15 space with your billions. Give me space oooo

Agbalowomeri:


27K7

Thanks.

RabbiDoracle:


For some stocks, August low can be threatened (and possibly broken).



Watch that space.

The possibility of August low being threatened is high but the question now is when

mendes911:


Me? Mba naa, Corona Virus is creating enough panic. Did you hear that 64 died in China just yesterday and CNN is claiming that figures are being managed by China implying that deaths are more. Me ayam scared for my containers in China.

BTW, WAPCO sighted at N14+. Remember Peter in your prayers. He can't even drop a word here.

Mendes...u have said enough...just relax...ppl over here who still have money in the stock market are still knowledgeable and experienced as u're when it comes to taking decision concerning their portfolio.

Zee, FBNH, UBA, Fidelity badly hit by this virus news.
Beginning to know which stocks to run for at the sight of any bad news and looking to jump in for short gains when good news surfaces.......................Zenith is K - constant.

Thinking aloud.
Let me come and be going.............

Calebbold:


Mendes...u have said enough...just relax...ppl over here who still have money in the stock market are still knowledgeable and experienced as u're when it comes to taking decision concerning their portfolio.

Check through all my post, I have never advised anymore to buy or sell his/her stock. Am an ardent advocate of people having their own plan and sticking to it. This is me commenting on the status of the market, same thing I did when the bull was around.

mendes911:


Tell that to those that bought Zenith at N22 waiting for release of results.

Downturn only makes money for those holding cash!

Don't get things mixed up.
Was there a down turn or coronavirus (in this instance) when Zenith was trading at N22?

OakPearl:


Don't get things mixed up.
Was there a down turn or coronavirus (in this instance) when Zenith was trading at N22?

I was only adding a caveat to your statement. You make money during downturn only when you have fresh funds for entry.

Willie2015:


Zenith coming bck to 19 - 20....
We will reload at that junction...
For dividend....

Zenith already at N19...
Picked my first unit 2day...
Can it make N=16
Anything is possible...
We ride the tide down,....

Agbalowomeri:


Which kain thing be this?
Just to submit something haba
Some people need to be flogged Lol

Exactly..
Na just to submit one paper...
And buy time...