I bought transcorp at #4 and Lasaco at #2.75 about 2 weeks ago, these are my first investments in the stock market, ever since they have been dropping. I am really worried, should i hold on or sell, I am thinking of selling so i can use the money to buy some stocks in the banking sector that are rising but if i sell now i will be selling at 20% loss, is that advisable, i am new in the business so i need some quality advice

Keep them. Move on to something else and check them back in 6 months. I am more confident Lasaco may double if the issurance industry court injuctions end and the final list of new capitalised insurance companies is released. Transcorp is still a hot bet. You could loose everything. Or have ten fold in a couple of years. Your decision on this depends or how long you are ready to invest and if you are ready to loose everything or gain 10 fold.

gonziiii:

I bought transcorp at #4 and Lasaco at #2.75 about 2 weeks ago, these are my first investments in the stock market, ever since they have been dropping. I am really worried, should i hold on or sell, I am thinking of selling so i can use the money to buy some stocks in the banking sector that are rising but if i sell now i will be selling at 20% loss, is that advisable, i am new in the business so i need some quality advice

My advice concerns your future purchases: Do a thorough analysis before you buy any stock in future. The stock market is serious business, so take it as such before you put your money into any stock

Are u a long term investor or short term.If you're futuristic, hold on to Transcorp shares cos it will explode in max of 5years.The newly constituted board led by Tom Iseghohi will turn the fortunes around Jah willing.The man is a turn around expert.He did it at Pepsi Cola, Ford motors, American Express all in the U.S.

He has invited two gurus and they have been seconded to Mtel and the other finance.I just bought more units 3weeks ago and will buy more before X-MAS.

My target is 5years when the shares would have appreciated  to bout N200 from N4.

Be patient.

herbsman:

Are u a long term investor or short term.If you're futuristic, hold on to Transcorp shares because it will explode in max of 5years.The newly constituted board led by Tom Iseghohi will turn the fortunes around Jah willing.The man is a turn around expert.He did it at Pepsi Cola, Ford motors, American Express all in the US.

He has invited two gurus and they have been seconded to Mtel and the other finance.I just bought more units 3weeks ago and will buy more before X-MAS.

My target is 5years when the shares would have appreciated to bout N200 from N4.

Be patient.

N200 in 5 years? I am an optimist, but don't you think that your estimate is overly ambitious?

The MD is a turn around expert, but don't make it sound as if he truned around Pepsi, Ford and AMEX, that is not true