MANY maketh PAPER PROFIT but FEW converts to CASH -Peterichy

Mcy56:

I hope you bought in tranches as advised?
Saw the dumping and my mind went to you., that when you just entered the market. Felt a bit somehow.
That's why sometimes giving buy advice can be weary especially when prices have gone up.............but never to worry too much, you keyed into sound Fundamental stocks, that's if you still go for Access/Zenith and you're for long term as stated.
Give it time, it will bounce back. Don't sell at loss pls.
Watch out for stability in the price fall(support) and buy another set to bring down your cost price.

Yes I bought Access then, with Unilever. But decided to wait a little more before buying more before buying more access since the price kept reducing.
Thank you for the information on how I can average the cost price down.
But for the few months I have been studying Nigeria market, this is my first time if seeing this kind of red.

The most difficult but extremely rewarding trait in long term investing is patience.

LOCO hope you are SAFE

NSEMPA mood right now

samguru:
AIICO insurance manipluations is on another level.

I think it is time for me to run

Look at it this way. The manipulation AIICO majority shareholders have been doing in the last 4 or so years has been such that they want to capture a greater percentage of the company for themselves. By the last AGM of Tuesday, they have achieved that. Unfortunately, both NAICOM and SEC allowed it. Except for the headwinds of 2020 in the ENDSARS protests and the zero coupon treasury bills which I anticipate will negatively impact their results, this is not the time for anyone that held on to throw in the towel. For the benefits of the majority shareholders and the new Leapfrog investors, they will now reflect the full potentials of the company in their financials.

PETERiCHY:
LOCO hope you are SAFE

NSEMPA mood right now

You sef

Meanwhile, Brent rises above $50/bbl for first time since March on vaccine optimism. Courtesy, Reuters -- https://www.reuters.com/article/us-global-oil/brent-rises-above-50-bbl-for-first-time-since-march-on-vaccine-optimism-idUSKBN28K07P

Mcy56:

Thanks sir/ma.
You know, some of those commenting are traders.
For medium to long term and dividend investors, what is happening in the market is nothing to them.
Both bear and bull are welcome as far as they're concerned. Bear affords them opportunity to increase their stakes at cheaper prices and reduce their cost prices (average down). Bull is also good to them, they may sell or do nothing......but they avoid buying during bull time, they just enjoy the price appreciation on their investments.
So bear period should not be a panic or emotional time for investors. In as much as NSE goes nowhere, the cycle just keeps repeating itself.
That's part of the things I've also learnt.

You're gifted with wisdom sister.
This is a stressless, peaceful and gentleman's strategy.
I will never forget you for this post.
You're simply awesome!

Good morning all
We should always remember that stocks that loss 10% today can gain 10% tomorrow, likewise the stock that gain 10% today can loss 10% tomorrow.

But dividend investors keep winning.

U dey mind the chief monkey hunter.

Suncam:
U dey mind the chief monkey hunter.

Call his name with the PETE...

My first entrance into the stock market (this year). Mr. Pete scared me out of Neimeith, baba went on to do 300%. From that day, I learnt how to treat Pete matter

Is there a way to mute a particular person's post? . I think nairaland should consider this.

A time frame for the future still remains almost impossible to ascertain....

Access and Uba are on their tireless journey to 6 naira. Zenith heading to 16. Fire in Katanga!

BrokerHaruna:
Access and Uba are on their tireless journey to 6 naira. Zenith heading to 16. Fire in Katanga!

How do you justify this statement? With Technical analysis or Company Fundamentals?

I do not think it is fair as we have newbies here who may be misdirected by such.

Note @newbies; always take unjustifiable statements you read here with a grain of salt.

BrokerHaruna:
Access and Uba are on their tireless journey to 6 naira. Zenith heading to 16. Fire in Katanga!

I'm not sure of that though
Especially for Zenith bank

N16 ke?

If the market is sane fine.
In an unsane market anything could happened

The slong is be prepared

DexterousOne:


I'm not sure of that though
Especially for Zenith bank

N16 ke?

PETERiCHY:



Last month we alert BARGAIN HUNTERS to wait patiently for XMAS bonanza that will take between DEC 21&24th.

Now they (the buy buy proponents) have pushed you into FBNH of all stocks at N7

Currently at 56m offers vs 14m bids and you are still asking what to do better cut your losses and thank me later.

I pity anyone that take you serious.

BrokerHaruna:
Exactly. Way to go! Why remain on a sinking ship.

A blind man can hear peterichy's voice

BrokerHaruna:
Access and Uba are on their tireless journey to 6 naira. Zenith heading to 16. Fire in Katanga!

The beauty of stock market is the rise and fall of share prices.

Oando at a time was selling at a price above #200 but now selling at a price less than #4 today.

If Access bank sells at #100 today some investors will still be buying because they believe their is still upward potential for the share price.

So dont be perturbed by the movement of the share prices if the fundament is still intact.


Remember the global economy is still in crisis and investors will not lock their funds in banks.

Why did dangote cement start the market today at 199 when it closed yesterday at 180. I have been observing that but as a lay man, I do not understand that. Aunty mcy56, can u please tell me why?

E Ku Market o.
Market stabilize this early trading hours with bids outweighing offers in some of the banking stocks.......as well as other stocks affected yesterday.......

Are the dumpers still coming again? We are observing.......

AIICO things.

some panic sellers have sold GTB at 30.05 early hours. hmm interesting times

vacanci:
Why did dangote cement start the market today at 199 when it closed yesterday at 180. I have been observing that but as a lay man, I do not understand that. Aunty mcy56, can u please tell me why?

Law of demand and supply probably.

If you're planning to buy just watch out first........and wait for pullback in dangcem.

Mcy56:
E Ku Market o.
Market stabilize this early trading hours with bids outweighing offers in some of the banking stocks.......as well as other stocks affected yesterday.......

Are the dumpers still coming again? We are observing.......

Sellers can keep selling; buyers will always buy.

If/when FX ever becomes easily accessible; we will all understand that Nigerian stocks are one of the cheapest in the world. If you doubt, compare P/E, DY and EPS across different exchanges.

BrokerHaruna:
Access and Uba are on their tireless journey to 6 naira. Zenith heading to 16. Fire in Katanga!

Just tell us it is the price you want to re-enter na

CBN boost market liquidity thru special bills:

https://www.thisdaylive.com/index.php/2020/12/11/cbn-boosts-market-liquidity-with-n4-1trn-special-bills/

Chibuking81:
Good morning all
We should always remember that stocks that loss 10% today can gain 10% tomorrow, likewise the stock that gain 10% today can loss 10% tomorrow.

But dividend investors keep winning.

Hope you discount EXCHANGE RATE that crashed from N360 to N500 within the last 9mths or are you also of the school of thought that US DOLLARS is not SPENT in NIGERIIA.

Last yr Dec your N20k dividend will get you a 50kg bag of rice but now it sells between N33k& #35k

Zenith Moving.........up with 50kobo so far........22.50 now....

These indeed are interesting times. Let some folks continue to bury their heads in the sand. Next week will be ... no be me go talkam!

unite4real:
some panic sellers have sold GTB at 30.05 early hours. hmm interesting times