₦airaland Forum

veecovee:
DON'T FORGET WHAT PRIDE DID.......

Pastor Vee, pls dont go there.
While your "annoyance" may be understandable cos you're in the market already and fund is involved here, pls know that he's assisting us in a way.
Myself once saw those words as taunting people, but when I looked beyond it, it only means and shows he actually cares, trying to help us preserve our funds. I actually got to understand that's his ways of expressing it.
Please, he's an invaluable member here, let's tolerate ourselves and look beyond stone throwing.

As at now, prices refuses to fall, bids increasing for stocks but investors still cautious and bidding low, fear of unknown around 1pm -2.20pm............
We see how it goes................

locodemy:
Good morning sister mcy,Just wait till 12.30/1pm.
The market was normal by this time yesterday nah.
But not my prayer for this fall to continue.

Well, no one knows what can happen but you know, I said that because of the noise that today will be so bad, so I was thinking most stocks, especially banking stocks will start with full offer, but it wasn't so.
You're among those creating the panic as well.

Does it mean all those yesterday's theories of dumping, dow, C19 or whatever just disappeared today?
NSE, wonders shall never end.
Abeg let the Dow observers come and update us o.

Ucap may have been done with its pull back for today at 3.20.............now looking Up.........
Make we still dey observe......... we wait for the latter part of the day to know what's up......
Caverton getting attention..........some bashing..........Is result around the corner?

Caveat: Comments is purely my opinion. Mr. Market decides market direction.

sellydion:
Yea, price is low. Not yet ridiculously low. We always have ridiculously low at the time of recession.

I know. Just saying. let me modify it before stone starts to fly my direction. Oga Selly, abeg I no mention ridiculous price oooo. Lol.

Bids are gradually increasing in some of the stocks.......
Zenith is moving up gradually...............we continue to observe............

Market opened normally, offers/bids volume low...............investors still cautious
No panic selling witnessed so far.... still observing........

sellydion:
Holala ! wao I admire your way !!!

This is the type of time long termers wait for.

Thought I will see pre-market of all banking stocks on full offer at day's low, i.e. minus 10%, but I havent seen anything like that.
We're waiting for market to open first.

MoneyMakingOppo:
Japaul. What do you think?

Go and keep eye on Ucap, maybe the dumping will reach its side and send it below N3.

MoneyMakingOppo:
Japaul. What do you think?

Stay far away from Japaul now please.

rebekah2011:
The problem is not even with the FPIs but that the local investors are not even encouraged to invest in the NSE. The financial illiteracy in the Nation is too high. The number of shareholders in Zenith Bank is not even up to 700,000 out of an adult population of not less than 60m.

Boss, part of the problem is also lack of faith in NSE.
Some got their investments 'eroded' during the meltdown, many of such will never 'touch' NSE even with a long pole.
I was told of a high profiled, wealthy man who was investing in stocks towards his retirement, he worked in the US for several years before joining a firm in Nigeria as one of the partners. He was channeling all his life savings, including that of his wife towards stocks, just accumulating as much as he could before stocks came crashing down in 2008. I actually know him.
Till date, the man is yet to recover fully, if not for his expertise as an engineer in downhole completions that keeps him going, I wonder what would have happened to him by now. You cant even mention NSE to such people again.

emmanuelewumi:
People who can't stand the heat of the kitchen can start a poultry business, by December 2020 they should be able to get a profit margin of at least 40%.
According to Peterichy

Chai!!!
It is well.

locodemy:
That is why I said every Nsempa should look for at least 5m for trading.Imagine every local investor trading at least 5m and our local institutional investors a minimum of 50m.company market makers on their own at least 20m.
Fpi will have no negative impact in our stock market.Instead we are here to derive from them(parasite)
Do you think they won't be rude?

Loco you're right.....but where will everyone get 5M to trade with, with the economic condition of the country and unfavorable policies? It's affecting even the companies, not to talk of individuals.
Anyone that will advice someone to borrow bank loan to trade is a wicked somebody with the kind of trend ongoing now in the market.
That's the way I see it sha.
People with huge capital will continue to control the market, that's the irony of it, and this are mostly the FPIs.

martyns303:
I just started going through this thread a few hours ago, I am looking for a financial adviser/stock broker or someone to advice on shares. Can you be of assistance?

Sorry, wouldn't be able to do that.......but we have lots of financial advisers on this forum, you'll register with them with token fees and you get a better service.
As for stock brokers, there are quite some good ones you can register with. You can go for Morgan Capital, they have the lowest charges in the industry and render better brokerage services.

Newbie's in the house, I think it's high time you started looking at other forms of investment, such as mutual funds, money market fund in particular.
Also treasury bills and Fed. Govt bonds.
So you don't have all your eggs in one basket. Just a piece of advice.
Oldbies knows how to play NSE game much better. May God help us.

chillykelly86:
Its glaring... Local investors may shut their eyes to what's happening on the global stage but foreign investors won't. And as long as they hold a sizeable percentage of stocks on NSE, when they sneeze, NSE catches cold.
Let's trust that good news around this outbreak will come forth soon

Exactly. This is where the bulk of the problem lies. FPIs control our market largely, reason we're always affected at the slightest issue from the global world.
Let's be praying that God intervenes soonest, funds are involved and going to be trapped unless good news surfaces. There's nothing God cannot do.

sellydion:
https://www.investing.com/news/stock-market-news/dow-nosedives-900-points-at-open-as-pandemic-fears-spur-mass-selling-2092310

Ok. Saw this now.
Na wa o. NSE is just too volatile.
Think people needs to start re-strategizing now. One minute everything is fine, the next minute, pandemonium. No stability anywhere again.

locodemy:
Peter wey they Don already slaughter,na his suya meat you go see tomorrow.

Chai!! Peter is coming for you.
....but do you think he would have waited when Wapco went below N15? I don't think so. He must have sold already.

locodemy:
Since I managed to jump out of fcmb without profit but no loss,Arhh e no go easy for any stock that wants to appear defensive.
Uacn later got it's own hair cut today.
Make Gtb no carry table for head tomorrow be say there is peace and recovery.

But you know this is NSE nah, things may change overnight. We are still not sure of whatever caused today's dumping.
Maybe we will get the info before market commence tomorrow.

Loco, Peter go trample on anyone wey no commot for road inside Wapco first thing tomorrow. Chai! Hunter became Hunted
JIJO gone wrong.

locodemy:
Sister,If it is 100k block volume you need to decide closing price,you will see it tomorrow.

Infact take away #1.00 from the 14.80 and the balance is tomorrow's closing price.

Loco you get wahala o, Peter will not like this.
I just told you what happend nah. It was dumped up to 14.80 but still closed 15.50.

So far, no one has got explanation for today's dumping?
The blood shed was beyond assumptions, anyone with near-certain info should pls share it here on time so we can know what's up.

MoneyMakingOppo:
Does anyone here trade Penny stocks?

Be careful of penny stocks for now.
Which ones are you looking at btw?

locodemy:
Arhhh.Wapco wey officially closed @14.80

It was intraday and non of the volume was up to 100k block. Still closed 15.50.

locodemy:
Shebi una wan follow do 10% on weekly?
NSE don change handle.

It's been long I tried this 10% thing, market has not been favourable to it.
Na to say make we all tighten our seat belt, seems some foreigners from another planet are trading in NSE now.

veecovee:
He drinks a lot of bear beer during the bear ...

Lol. Loco bear beer is not good for your health.
Make we dey smile away the woundjuremt this bear dey give us.

DeRuggedProf:
Are you an umpire or Roger Federer...........

In layman's terms sir.

locodemy:
You easily forget things.You forgot the 3 days bonanza that comes at the end of every quarter.If you are trapped before the 3 bonanza days,it's only Good that will save you.Bergain hunters use the period to scatter bottoms and disvirgin the virgins.Hope they never penetrate you deep?

Pastor Vee, come and see the kind of thing Loco is saying inside the market oo.
He wants to corrupt we the shidren here.

GTB getting serious attention at 27naira.....

lancee:
Uba mopped @ 6.70 ..Panic sale not good..some pple will like to buy higher again after selling

The thing is, there's nothing really to warrant all the dumpings. Yes, d signs may be there but the positive news are enough to keep the market going at least.
It affected mostly banking stocks. That's where the JuJu guys are concentrated.

There's one thing Oga Rabbi mentioned in the passing in his comments, which we didn't pay much attention to.
He mentioned one "R".....didn't say the full meaning or what it means but just said something about the world order in response to someone who mis-interpreted it, and that they are still watching it.
Also mentioned something related sometimes ago.
If only Oga RabbiDoracle can please help us shed more light on this if he has the info already. This will help us to understand some mystery. This market has been acting irrational lately. This is not only about those in d market, it concerns those outside too.