2zona:
sell-off cum dumping in progress on the floor

Na wao.Na real wa

Bearishness on the floor due to the insensitivity of the Apex bank........
ZEE, GTCO, WAPCO, VITAFOAM, UCAP, NAHCO, and few other ones leading the race.....
Opportunity presenting itself......
* Market may stabilize sooner than expected........bargainers showing up and on queue at the bottom of the bid tables......

Btw, where are the bear crew self?

2zona:
sell-off cum dumping in progress on the floor

At such a time like this in the market, look out for and buy the value in the stock; don't mind the position because stocks have just two positions in terms of price it's either up or down.

GTCO and ZENITH
Sometimes one would just wonder what's actually the problem with these two....
Ironically the two stocks with the highest dividend yield in NSE......Aside MEYER topping the list......

Sometimes the "non-popular" stocks even have shock absorber pass them....

Repeat after me:

Volatility in the stock market is necessary & unavoidable.

The sentiment pendulum will swing back.
I will take advantage of these lows.
I am not going to panic sell.

yMcy56:
Bearishness on the floor due to the insensitivity of the Apex bank........
ZEE, GTCO, WAPCO, VITAFOAM, UCAP, NAHCO, and few other ones leading the race.....
Opportunity presenting itself......
* Market may stabilize sooner than expected........bargainers showing up and on queue at the bottom of the bid tables......

Btw, where are the bear crew self?

the thing neva reach our zone, the likes of GT / WAPCO /ZENITH wld not be bad at a range of 19-21, they sure can make it happen

2zona:
sell-off cum dumping in progress on the floor

A case of the glass being half full or half empty. while some are saying "sell-off" others are saying "buy-in"

yMcy56:
Bearishness on the floor due to the insensitivity of the Apex bank........
ZEE, GTCO, WAPCO, VITAFOAM, UCAP, NAHCO, and few other ones leading the race.....
Opportunity presenting itself......
* Market may stabilize sooner than expected........bargainers showing up and on queue at the bottom of the bid tables......

Btw, where are the bear crew self?

But what is happening is normal and expected. I do not think it has to do with the CBN announcement.

The supposed Bull we had in the past 3 weeks was reaction to First Quarter results. That tempo is cooling down. The next up swing should be about mid june in anticipation of 2nd quarter results and some companies paying dividend. It should last till mid july and there will be a slight depression after that.

This has been the trend in the past.

Dum20:
what is happening is normal and expected. I do not think it has to do with the CBN announcement.

The supposed Bull we had in the past 3 weeks was reaction to First Quarter results. That tempo is cooling down. The next up swing should be about mid june in anticipation of 2nd quarter results and some companies paying dividend. It should last till mid july and there will be a slight depression after that.
This has been the trend in the past.

Things have changed.
Trends are changing.
Global events are taking more centre stage since COVID-19 period.......
This sell off was triggered by the CBN's MPR rate announcement yesterday.
Suppose any favourable policy or news comes up now, market direction would again change.......the companies are trying despite the harsh economic environment.

Interesting times

robobo:


the thing neva reach our zone, the likes of GT / WAPCO /ZENITH wld not be bad at a range of[b] 19-21[/b], they sure can make it happen

That would not make sense. Billions are involved control must be applied even during a pandemic, can't just be throwing prices around like that just out of the top of one's head

robobo:


the thing neva reach our zone, the likes of GT / WAPCO /ZENITH wld not be bad at a range of 19-21, they sure can make it happen

Managed to pick some GT at 21.65...
We are watchin in 3D...
and waiting for both ...
in their support price...

Phlinx:
case of the glass being half full or half empty. while some are saying "sell-off" others are saying "buy-in"

Lol.
I think it's because fundamentally, nothing is wrong with some of the stocks.......while at the same time, fear of unknown/hunt for bargain is prevailing.


Chai! Someone says I always have answer for many things. Lol. Make una no mind me o. Just airing my view from my amateur perspective. Could be right, could be wrong.

Phlinx:


That would not make sense. Billions are involved control must be applied even during a pandemic, can't just be throwing prices around like that just out of the top of one's head

Be like we get newbie here

Breaking!


May be rumour


Emiefele Out!

Phlinx:
That would not make sense. Billions are involved control must be applied even during a pandemic, can't just be throwing prices around like that just out of the top of one's head

Lol.
My advice, just don't panic unnecessarily. That's this market for you.
If you don't know what to do: just do NOTHING.
In as much as you keyed into fundamentally sound stocks, it will still reverse these sheddings. The prices will go back up again with time.

AIRTEL
Officially moved with +138.00 amidst all the sell off!!
New price: N1,608!

FBNH on the contrary was dumped down to 10.45, but still lots of volume exchanging hands......
Mixed reaction from result expectations.....

MTNN sighted in the green territory.......after the earlier sell off...

yMcy56:

Lol.
My advice, just don't panic unnecessarily. That's this market for you.
If you don't know what to do: just do NOTHING.
In as much as you keyed into fundamentally sound stocks, it will still reverse these sheddings. The prices will go back up again with time.

Panic ke?

I have done a lot of buying today bought loads of WAPCO below 27. Sold my Transcorp last week Wednesday bought some today and will watchout for any further downward for Transcorp tomorrow.

I was trying to say there should be understanding of when to buy-in and also when to sell-off.

Agbalowomeri:



Be like we get newbie here

Then how do you explain January 19, 2016 Zenith Bank?

gbengafaro1986:
Breaking!
May be rumour
Emiefele Out!

I got a feed from a friend this morning that he might be shown the back door.
May be connected to the decision by his MPC lead meeting yesterday.

#longoverdue

https://www.intelregion.com/news/breaking-buhari-sacks-cbn-governor-godwin-emefiele/

https://thestreetjournal.org/just-in-buhari-relieves-godwin-emefiele-of-his-job-as-cbn-governor/

let the celebrations begin

onegentleguy:


I got a feed from a friend this morning that he might be shown the back door.
it'll most likely be connected to the decision by his MPC lead meeting yesterday.

#longoverdue

https://www.intelregion.com/news/breaking-buhari-sacks-cbn-governor-godwin-emefiele/

Market should cheer this news.

He started acting anyhow.

Who is replacing him? Bismarck? Let me call Bubu.

Willie2015:


Managed to pick some GT at 21.65...
We are watchin in 3D...
and waiting for both ...
in their support price...

A whole 879,452 units (only record at 21.65 thus far). This one no be ''some'' ooo. . You're doing well, sir!

samguru:
https://thestreetjournal.org/just-in-buhari-relieves-godwin-emefiele-of-his-job-as-cbn-governor/

Think this is the right step to take.....
He was hiding under the umbrella of the ruling party to flout laws .....
The other time, recently, Buhari was said to walk him out of his office for failing to resign, yet wanted to contest...
Imagine a whole CBN Governor claiming "a group of farmers" purchased presidential form for him.......these guys won't seize to amaze us.

yMcy56:

Things has changed.
Trends are changing.
Global events are taking more centre stage since COVID-19 period.......
This sell off was triggered by the CBN's MPR rate announcement yesterday.
Suppose any favourable policy or news comes up now, market direction would again change.......the companies are trying despite the harsh economic environment.

Not much has changed.

Pick any stock that has december as year end.

Compare its price in january, april, may, july, november in the past 5 years, you will see it is the same trend.

There is even a saying "Sell in May"

RabbiDoracle:


Market should cheer this news.

He started acting anyhow.

Who is replacing him? Bismarck? Let me call Bubu.

I think the market is currently structured to preempt and encourage folks to sell/exit certain coys.
Whoever decides to sell off at a loss will likely later lament on their decision though.

...best to HOLD!

Some persons/entities have been quietly but strategically aligning with some KEY equity names.

"Between uncertainties, difficulties and failures is the many 'gift packs' from the stock market.
...and inside those 'gifts' are smaller 'packs' with obstacles but which are sealed with CRAFT.
Yet down inside, are even more 'packs' of OPPORTUNITY."
~Sinclair

Btw, if the news is eventually confirmed, then I'd like that name in bold.

Regards

onegentleguy:


I got a feed from a friend this morning that he might be shown the back door.
May be connected to the decision by his MPC lead meeting yesterday.

#longoverdue

https://www.intelregion.com/news/breaking-buhari-sacks-cbn-governor-godwin-emefiele/

Hmmmmmmm

https://independent.ng/breaking-emefiele-not-sacked-cbn-sources/

Contrary to the trending story in some online media, a very reliable source from the Central Bank media desk has stated that Mr. Godwin Emefiele, the CBN governor is still very much on his desk without the threat of a sack.

Dum20:
Not much has changed.
Pick any stock that has december as year end.
Compare its price in january, april, may, july, november in the past 5 years, you will see it is the same trend.
There is even a saying "Sell in May"

Ok sir/ma.
So "sell in May" wey don finish? Na now investors know say we dey in May and start to dey sell?
I don hear you sir.
Peter wey dey "Sell in May" dey busy on bargain table self.

yMcy56:

Ok sir/ma.
So "sell in May" wey don finish? Na now investors know say we dey in May and start to dey sell?
I don hear you sir.
Peter wey dey "Sell in May" dey busy on bargain table self.

I am not selling in May, I see the situation as opportunity to accumulate more.

... pains that zee and gtb pay gud dividends, jet never enjoyed the bull, but leading the hear now.

Truly things no balance for this mkt

Dum20:


I am not selling in May, I see the situation as opportunity to accumulate more.

Exactly my point - the situation.

So the trader will now determine if the situation is a buy-in or a sell-off situation...half full or half empty