Elai147:
My advice to those with huge losses is to think carefully before taking a decision. If you have money you may average down AT THE RIGHT TIME. I have done this severally and it worked for me. However, if you don't have money you may consider cutting your losses, and moving on to a winning stock. It can be difficult to time the market, but if you can get your fundamentals and technicals right it may not be too difficult to be lucky sometimes. For example, going by @betcindy's post, if I bought 100,000 units of UBA @N44 in 2008, and assuming the time is now right, I would buy 1 million units of UBA @N2.80 and take my cost basis down to around N6.55 from N44+. Then I would relax because if I could hold since 2008, I can hold a little further till UBA gets to my current average purchase price of around N6.55 which may not be too far away. I prefer to do this than to sell at a huge loss. Remember, you are selling because you think it is the right thing to do while someone else is buying from you because he/she feels it is the right time to buy. I am not fan of 'averaging down'. This is just what I would do in some cases, and should not be taken as a recommendation to buy, buy and buy .

The problem we have is that some of us don't want to invest time and energy to learn the trades before diving into it. The truth is your losses will continue to outnumber your profits until you get your fundamentals and technicals right. Some of us invest without having any prior knowledge of the stock market. You don't need to be a stock analyst to be able to trade successfully in the market, but you need to know what you are doing. If you must invest without a good foundation your best bet is to go for long term, or invest in mutual fund instead of gambling with your hard earned money. Whether you are in for a short or long term, never invest what you can't afford to loose, and don't let your emotions run your portfolio. I remember what Robert De Niro said in a movie..."don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner." Good luck!

You are right.

locodemy:


People like him never have money to trade but full of noise making.A stock market without bulls and bears is never a stock market.i dont know where he got his philosophy.I even followed his stupid postings about oil falls thats why i missed zenith bank some hours ago.

PLS EVERYONE SHOULD BE CAUTIOUS OF PETERICHY AND CHIBUKING.THEY ARE TOUTS.

@ Locodemy...You can express your opinion without necessarily calling anyone TOUT.

The new year opened with turmoil in the Chinese stock markets as prices fell dramatically, leading to a global selloff. In just one week, global stock markets lost over $2 trillion US dollars! Other news in the global markets saw the price of a barrel of crude oil fall below $35 per barrel, down from a high of $62 per barrel less than 12 months ago. That’s down 50% in 12 months and 71% in 24 months!
Since the beginning of last year, 2015, the price of copper has fallen by 30%; iron ore is down by 42%; platinum has also been a disaster, losing more than half its value from less than three years ago. Agricultural commodities have not fared much better on global markets. Last week the South African rand hit an all-time low of 16:1 against the United States dollar and it’s still falling!
Your small business in Harare, Lagos or Nairobi may not have anything to do with China, or with any commodity like oil, iron ore, or platinum, so you might be asking yourself, “What’s that got to do with me?” Answer: EVERYTHING! It has everything to do with you, and its impact is going to be very personal... Brace yourself, there’s a storm on its way!
You might even be sitting at your desk as a civil servant, or supervising children at school as a teacher, or upholding the law as a policeman; or maybe you’re a pensioner, and you’re also saying to yourself, "I'm not in business; I don't know anything about these things, so what’s it got to do with me?” Answer: EVERYTHING! It has everything to do with you, and its impact is going to be very personal... Brace yourself, there’s a storm on its way!
You look at the sky and see rolling black clouds. The wind is picking up and you say to yourself, “A big storm is on the way.” Even though rain isn’t yet falling, you know the signs of a heavy rain storm and that you must button things down and secure yourself properly. Or maybe you’re one of millions on the continent today suffering another rainless sky, for months on end, putting your fields, crops, livestock, perhaps your whole life at risk...
These are "signs" in weather conditions. Those who are experienced in such things can usually say with a degree of certainty that a storm is coming. However, if you do not understand these matters, or you blissfully decide to ignore them, you’ll suffer a serious drenching or worse.
In business economics we also have signs, and we're seeing these warning signs right now. They're not any different from the black clouds and the wind, or the clear sky and the drought. They're all linked. The stock markets of China and New York may seem far away, and global commodity prices and exchange rates may seem irrelevant to your village, but they’re linked to the real economy in which you live and work!
The next 12 months or more will be very tough, particularly in emerging markets. Many African countries will find it hard going. Consequently, it will be tough for citizens, especially those who are most vulnerable. The weaker your country's economy going into the storm, the tougher it will be. Similarly, the weaker your company or employer, the tougher it will be... __There is a storm coming.
Now let me tell you about the flight of the eagle. Prophets and Kings of the bible world absolutely loved watching this majestic bird. They believed the eagle is the only bird that flies during a storm. It's developed a flying technique (a skill) they call "mounting" the wind (as though it were climbing a stairway). The eagle has so mastered the storm that it not only flies during storms, but can find opportunities to prosper; it can actually use the storm to its advantage.
Even in these storms, those with the correct mindset will prepare themselves. They will train themselves to understand the times, and learn to prosper in its headwinds… they will mount on wings as eagles!
Yes, it’s going to be very tough, and for some of you, tougher than anything you could have imagined, but you must not be discouraged or wearied. And when you come through it, you will be much better at what you do. Just don't be afraid, and don't panic. In this series I will remind you of some of the things you must do to prosper like the eagle.
This year we must be serious, very serious. Africa expects it of us. ~~By Strive Masiyiwa~~ You can also learn from him, friends. Don't panic. Be getting prepared and methodical to use this to your own advanvage! May God help us.

PETERiCHY:


Buhari wasted a whooping 7months just to reward his party faithfuls with ministerial post,

He's likely to use the whole of 2016 for his phoney corruption fight and as well try to claim some of the oil producing state for APC.

So expect countless court cases and counter court cases,

That's aside oil price that's heading towards $20 soonest and you are here still talking about mini bull

Well na the way to take repatriate my money wey NSE chop remain I dey find since CBN don block our forex card.

Wish you guys Goodluck.

*ThE OcToPuS*

Having read the 2016 Budget, the year should be better, with all the plans instituted. As it is in Ogun state already, all revenues will now directly enter into a single account, ensuring a well regulated and monitored cash flow. The economy too will be diversified. I respect your opinion, but the $20 (which is even $38 in the budget) may not occur. There might be deviations from the one in budget, but can hardly get to $20. All in all, it would have been worse if the 'stealling is not corruption' regime had continued. Sorry for using the quote, but corruption will always bring down the growth any country. It is just that this present Govt does things at a 'slow-steady speed.'

greatguru22:
It is high time i stopped visiting dis thread finally for some time but would be back after christmas or probably new year.. Wanna set a system called "making money while you sleep" before OAU Direct Entry admission list comes up. Nobody should ask of me pls..

Merry christmas & happy new year in advance.

Oya o.. Gbe ra ni le.. Akoni lo.. Odigba!!!

...funny

mizzhoneey:


HaneefahRN,obsequious...sorry if I got spellings wrong..... where are you?

Goodnews.... ilorin offered me admission

Badnews.... not my proposed course. they gave me sociology instead of accounting

Accept my congratulations. May God lead you aright!

bigass:


Buhari did not alone kill NSE, Corruption in previous government also killed it.

This country is beyond remedy.

Canada Australia Here i come

An exagerration I guess, this country is not beyond remedy.

veecovee:
peterrichy really pushed me to take that decission when he said, it's opportunity for those traped in oando to offload. Now I m loosing hundreds of thousand


please close your mouth a bit PETER

Ha! Opportunity to sell at huge loss? It isn't done that way. No matter how a stock paints itself as opportunity, it is still not an opportunity to sell at loss, due to the uncertainty of the market. The only case that 'could' be opportunity is when a fundamentally strong stock has a very low price. One should even get more units of such stock at cheap price, Not to sell. And if it continually goes down, selling is not ideal. One has to be patient to get more units at extraordinarily cheap price, with the fund one can do without till the long run (to be on the safest side). With this, there will be peace, and not panic or loss.

Morgan capital stock broker charges low fees truly. Its major challenge is that it is somehow slow in its services/executions. It usually takes it about 4 days to open an account for you, after when you might have sent the required documents.

Manonamission:


It remains to be seen how these companies will exploit the opportunity presented to them on account of the WHO certification. All I know is that they need fresh capital to maximize gains from the WHO certification. Most of them are in dire need of fresh capital due to their heavy debt profile.
Watching M&B and Evans, the listed ones that are readily available. The news is actually stale and the market didn't respond when it broke.

Ok.

Manonamission:


But Oando closed at N6.01 last week Friday (with how many units on offer sef?) . Now it's on bid at N5.99?

Patiently waiting for this oando stock at 4 or below, if possible. Its huge loss could be the one affecting its share price these days.

AkinadeDare:
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMGMAN) on Monday said four Nigerian drug manufacturers had met the World Health Organisation (WHO)’s requirements for good manufacturing practice.
Mr. Okey Akpa, the Chairman of the association, disclosed this at the opening ceremony of a three-day Nigeria Pharma Manufacturers Expo 2015 in Lagos.
Theme of the exhibition is: ‘The Nigerian Pharmaceutical Manufacturing Industry and International Competitiveness.’
Akpa listed the manufacturers as Swiss Pharma Nigeria Limited, CHI Pharmaceutical Limited, Evans Medical Plc and May & Baker Nigeria Limited.
According to him, many pharmaceutical manufacturers have also complied with the requirements of International Standards Organisation.
“Nigerian pharmaceutical manufacturers have also developed manufactured and registered products for the UN Commission and life-Saving Commodities for Women’s and children’s Health,” Akpa said
He said that many international pharmaceutical companies were not interested in research and development investments for conditions such as sickle cell anaemia and malaria which were peculiar to African continent. “Nigeria is currently the biggest pharmaceutical manufacturing country in West Africa. It accounts for more than 65 per cent of the local manufacture of medicines relevant to the people and diseases of our nation and region. They are anti-malaria medicines, anti-retroviral medicines for HIV/AIDS, herbal medicines and medicines for sickle cell diseases and many others,” he stated.
Akpa said that many manufacturers in the country had also processed the Expression of Interest (EOI) with the WHO for pre-qualification of products.
“Manufacturers processing WHO prequalification have invested over 50 million dollars in the last five years,” he said.
Akpa urged the Federal Government to give the drug manufacturers some incentives such as tax holidays to support the extra investment for quality upgrades and new factories.
He also appealed to the government, pharmaceutical innovators, international suppliers and partners to sustain the gains made so far by the pharmaceutical industry.
The News Agency of Nigeria (NAN) reports that over 130 exhibitors and about 2,500 participants are featuring in the exhibition. (NAN)
SourceNews Express
Posted 08/09/2015 09:05:26 AM

. Does this mean Evansmed will stand the test of time? when it still meets WHO's requirements recently, and having known its dominance before in the industry. Your opinion on this, since 2014 result has nt been released................

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMGMAN) on Monday said four Nigerian drug manufacturers had met the World Health Organisation (WHO)’s requirements for good manufacturing practice.
Mr. Okey Akpa, the Chairman of the association, disclosed this at the opening ceremony of a three-day Nigeria Pharma Manufacturers Expo 2015 in Lagos.
Theme of the exhibition is: ‘The Nigerian Pharmaceutical Manufacturing Industry and International Competitiveness.’
Akpa listed the manufacturers as Swiss Pharma Nigeria Limited, CHI Pharmaceutical Limited, Evans Medical Plc and May & Baker Nigeria Limited.
According to him, many pharmaceutical manufacturers have also complied with the requirements of International Standards Organisation.
“Nigerian pharmaceutical manufacturers have also developed manufactured and registered products for the UN Commission and life-Saving Commodities for Women’s and children’s Health,” Akpa said
He said that many international pharmaceutical companies were not interested in research and development investments for conditions such as sickle cell anaemia and malaria which were peculiar to African continent. “Nigeria is currently the biggest pharmaceutical manufacturing country in West Africa. It accounts for more than 65 per cent of the local manufacture of medicines relevant to the people and diseases of our nation and region. They are anti-malaria medicines, anti-retroviral medicines for HIV/AIDS, herbal medicines and medicines for sickle cell diseases and many others,” he stated.
Akpa said that many manufacturers in the country had also processed the Expression of Interest (EOI) with the WHO for pre-qualification of products.
“Manufacturers processing WHO prequalification have invested over 50 million dollars in the last five years,” he said.
Akpa urged the Federal Government to give the drug manufacturers some incentives such as tax holidays to support the extra investment for quality upgrades and new factories.
He also appealed to the government, pharmaceutical innovators, international suppliers and partners to sustain the gains made so far by the pharmaceutical industry.
The News Agency of Nigeria (NAN) reports that over 130 exhibitors and about 2,500 participants are featuring in the exhibition. (NAN)
SourceNews Express
Posted 08/09/2015 09:05:26 AM

cadno:
I can sight MyJoy08'4, ..abi na our ..myjoy08 ??
seriously I am considering selling off all my holding in Oando, this loss news brought out all the crowd on this stock, I hate anywhere there is too much crowd !!

. Selling at loss is not good. Just be patient. It will surely recover!

Adortem:

Did you do that yourself or you only think one should be able to do that?

I did not do that myself, but the student that is helping me do that told me you don't need to know anybody before you know about the movement of your documents (credentials inclusive) at The Senate, Admin. or Faculty.

Adortem:

I already confirmed my transcript,I am talking about main credentials,can one go to faculties to confirm if ones credentials was forwarded from the Senate to the faculty

. One should also be able to do that.

haywhyG:
pls i had my ND at Ede banking&finance upper credit cn i use it to study accounting in oau as DE.

i don't think so, but you can try to get the requirements

Adortem:
When do we think our list would be out?

. This month or maybe latest next month, because the first batch is already concluded.

Adortem:
I heard our credentials have been forwarded to various faculties,was told to do follow up, I had already confirmed my transcript have been received by the school,house! Please,how else do one do follow-up? Can you just walk into a faculty to ask if your credentials was processed and forwarded to them?

You should be able to. It all depends on the manner of approach. Even though i did not go there myself, but a friend, who is a student there, told me one does not need any sort of connection to check the movement of one's transcript at all. He said it depends on the manner of approach.

bigass:
My friend said Oando gives her nightmares.

Watching this Transcorp closely, it may go up today again. Its recent movement is quite predictable. Pls, it's not a buying recommendation.

emmatok:


Not only you .
Oando with all their hypes, really thought me to stop buying stocks based on sentimental technical analysis.

The only way to make money in Oando is to, sell now and buy below 8 naira.

Noooo.........don't sell with d huge loss...
If u can't buy, pls hold on.

Tjohn1:
Wow...nice one from ACCESS.....congrats to those on the train.

Lolz........Confirma... Peacefully waiting for such

Michael11stock:
and from 4.20 yesterday today access is 4.07 after all the praise naso my money for go down too abi thank you oando teach me lesson

Brother, u r funny...
Price goes down once does nt mean it would nt go up again
Why the panic

olajide8:


Basic facts say that the more a company is geared - the better the ROI* right issues, loans are all good - only expenses, which actually take money out of the company would affect it* - good govt spending policy or fiscal policies, is what we are waiting for- I have lost N12m for a client currently but - in these times- you go long* - so I don't expect people to be posting* we once told you,- sell in May and go away* - people were saying we are making money- starting from may you leave the market for professionals - and return back in november- people no gree, dem they shout - we are making money!!! how many have got the shock absorber to absorb that kind of loss 12m

Yes, good points are here too. One must be able to keep going in the 'at worst' situation, especially what is happening now in the market. Funny market!
Concerning the right issue, it is good, but most stocks at the point of right issue offer, their prices usually come down, and when a company is paying back loan, the stock price also comes down in most cases.

adeyiga3:
Hello guys am a newbie here nd I wish to knw abt this so pls help a bro out

Sure, learning is continous. Parhaps you should go through the precious posts. You will learn the basics.

bigass:
what do you think will happen to the market the moment Pa Buhari announces his cabinet

Apart from the individual reasons affecting some stocks e.g right issue to raise fund, repayment of loans, high expenses e.t.c which could adversely affect the stock price, the market should generally start to go up, when the ministers start executing good policies for the economy. Jst my own thinking.

.....peacefully expecting ROI on the long run

chukyjones:

Take heart bro. In myjoys' voice; don't worry bro, it will always get better. The night is darkest just before dawn, and at the end of the tunnel is light.
We are making money this year..

Sure.
The naira devaluation, suppended ministerial appointments and no particular direction in the economy now could be the reason the market is going down now.
The ministers would be appointed next month

Transcorp is the only stock doing me good now. Had it at 2.1
As for the rest, they are jst going down with d market. Nothing to average again. May God take control soon.

Eness:
OAU finally released the departmental statistics for her 2015/2016 postume result, it was known that out of 20631 candidates who sat for the exam,only 10338 candidates scored 200 and above which is qualified for admission about 58% candidates....here are the statistics for qualified candidates in various courses in OAU.....
accountancy/accounting 480....
agric extension and rural development 40.....
agricultural economics 92.....
agric engineering 12.....
animal science 48.....
applied geophysics 10....
architecture 310.....
biochemistry 280.....
botany 20.....
building 50.....
chemical engineering 310.....
computer engineering 330...
chemistry 50....
civil engineering 67..
computer science with economics 80.....
computer science with maths 70....,
crop production and protection 7....,
demography and social statistics 11.....
dentistry and dental surgery 30.....
drama/dramatic/performing art 203....
economics 420.....
education and economics 30.....
education and mathematics 6.....
education and music 1.....
education and physics 6....,
education and religious studies 8.....
education and Yoruba 6.....
education and biology 30.....
education and chemistry 6.....
education and English language 70..,..
education and French 1.....
education and geography/physics 2.....
education and history 1.....
education and language art 15.....
education and mathematics/integrated science 3.....
education and political science 15.....
education and social studies 22.....
education fine and applied art 13.....
electrical electronic engineering 521.....
engineering physics 17.....
English language 533.....
estate management 77.....
family nutrition and customer science 20.....
fine art 80.....
food science and technology 82.....
French 12.....
geography 31.....
German 7.....
guidance and counselling 21.....
health education 7......
history 17.....
home economics and education 2.....
industrial chemistry 31....,
international relations 92.....
law 2265.....
linguistics and African languages 60.....
literature in English 48.....
local government administration 38.....
mathematics 22.....
mechanical engineering 108.....
medical rehabilitation 81.....
medicine and surgery 1090.....
metallurgical and materials engineering 13.....
microbiology 67.....
music 59.....
nursing/nursing science 100....
nutrition and customer service 7.......
pharmacy 69.....
philosophy 60.....
physical and health education 17.....
physics 12.....
political science 88.....
Portuguese 2.....
psychology 40.....
public administration 92.....
quantity surveying 36.....
religious studies 18.....
sociology and anthropology 68.....
soil science 3.....
statistics 20.....
urban and regional planning 50.....
Yoruba 30.....
zoology 12........
in conjunction with 1062 direct entry candidates...... Best of luck!
saw dis at myschool.com.ng
http://myschool.com.ng/oau/news/38982/oau-post-utme-de-result-2015-released.html#pgTp

Weldone!
You've done right by sharing this.

Law, the highest; Medicine following.

greatguru22:
I think the question in which most of d direct entry students are currently asking is d cut off for d DE result. Am i right?
I was told from senate buildin OAU dt they are stil contemplating whether to use d cut off mark on their mind or not....
I wil tel u d cut off which OAU is stil contemplating to use for direct entry students but to you wat do u think d cut off mark should be?

If I were to suggest cut off marks, which could be unreal. I would suggest we check the last five years cut off marks for each dept, after multiplying your score by 4. As for Accounting course, which I applied for, it has been within the range of 240-255. We are all sure that even if the cut off marks were released today, LAW would have the highest, followed by MEDICINE. I stand to be corrected.

greatguru22:
I think the question in which most of d direct entry students are currently asking is d cut off for d DE result. Am i right?
I was told from senate buildin OAU dt they are stil contemplating whether to use d cut off mark on their mind or not....
I wil tel u d cut off which OAU is stil contemplating to use for direct entry students but to you wat do u think d cut off mark should be?

;



If I were to suggest cut off marks, which could be unreal. I would suggest we check the last five years cut off marks for each dept, after multiplying your score by 4. As for Accounting course, which I applied for, it has been within the range of 240-255. We are all sure that even if the cut off marks were released today, LAW would have the highest, followed by MEDICINE. I stand to be corrected.