₦airaland Forum

Without taking much away from what you wrote, you can do well to reply within the context of the OP wrt ZENITH...

Beeron:
The reason for the decline is in plain sight. Correction mixed the implementation of T+1 and retail Investors greed. And I will explain why.

So why do I say so?

The last brief correction we had was back in October and November which was majorly as a result of the poor communication about Taxing the stock market, foreign investors were unsettled by it which spooked retail investors hence the brief correction. Fine and good.

Things began to shape up around late December, it was a good run in January and suddenly February came: Breaking news —(Pension fund can now invest in the stock market)

At that point, It was a rush to accumulate as much as you can accumulate, if you check now and look back to some not so good performing stocks, they came alive back in February buying spree even Oando, basically they did a rally and lost momentum.

Actually, large cap should follow that patter to correct a little in March. I was expecting that to happen. But to my surprise, something else happened.

Tick Tok, X, Nairaland and other social media began to hype how they making money in the stock market, most people turned to financial influencer and that was when the second phase of buying bagan in late March into April.

I also noticed a pattern that was happening, which barely happen in NASDAQ and NYSE and what was that?

Nigerians keeps buying even after most large cap stocks reached overbought level just like Tulip bubble in Holland. At the point, I became fearful because even Institutional money kept up with that unprofessional trading technique.

When things was about to cool down, Iran and US war began which now made the oil sector joined the group chat.

I swear to god ( funny how I am swearing to god eventhough I am Atheist lol) anyways, I swear I never thought ASI will get to 250k, the shit blew my mind because all I was seeing on my trade chart was Tulip bubble.

Now the bubble finally poped and you telling me you don't know what caused it?

megawealth01:
I understand. My fears for this market is may this not head to bears season because this FIT be warm up

Nigerians love their dividends, once Q3 numbers start dropping and people start making projections, they'll find the numbers attractive.

If macros took a hit, then I would fear a prolonged bear.

KarlTom:
Without taking much away from what you wrote, you can do well to reply within the context of the OP wrt ZENITH...

Someone referring to November sell off as correction and you're taking him serious. Why not let him continue the discusion with gemini for some time first?

the announcement in February was that PFA can now invest in stocks? na wah!

issorite

awesomeJ:
Nigerians love their dividends, once Q3 numbers start dropping and people start making projections, they'll find the numbers attractive.

If macros took a hit, then I would fear a prolonged bear.

dangCem don console me

megawealth01:
dangCem don console me

So you too also get chest pain?

chimex38:
No be you predict say Zenith go soon fly after you buy @110? You even attach screenshot join.

Nobody is predicting/forecasting any dip in this market for now.

The market is just on-eee-own

Yes ooo that was my first tranch when i thought i have seen its bottom and almost gave up on my prediction in APRIL which is now coming to pass The market has a mind of its own sha

crownprince2017:
Oando getting closer to agba predictions. E be like say agba tools don they work well well now.



Bargain Hunter how far, I hope u are not trapped this time around.

Person wey use oando don cast buy am cheap is about to vomit.. karma na bastard, solo u see God now..

Expect another round of vexing from the guy, u go hear ngx na failure, ngx don scatter and more words like that..

You people are bent on sending Peter back to the village

Agbalowomeri:
You people are bent on sending Peter back to the village

As Bargain don turn to bargainer and into bargainest na....

Una go learn new things by fire by force in mega voice.

I don't tell that oando don cast merchant that karma will wunjure him for that ungodly acts he thinks say i dey play

Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

ZICHIS sef don send Mercy back to the village.

I don become chairman for village since last year. I go return to town after Una don finish dealing with unasef

That oga wey dey sound like say him be oracle for this market justifying rubbish that he knows market will pull back with this magnitude, why u no talk am so that it will be on record.

U they form know all on top just normal pullback that will stop immediately people begin site the good q2 Numbers.

Chai, we don suffer for your hand ooooo, ok last year November was the pull back period last year and this year on is June..

You can mark my word, market will close this month in green.

Tell me your predictions now before you begin another story of you know before it happens.

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

Bend down select loading

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

crownprince2017:
That oga wey dey sound like say him be oracle for this market justifying rubbish that he knows market will pull back with this magnitude, why u no talk am so that it will be on record.

U they form know all on top just normal pullback that will stop immediately people begin site the good q2 Numbers.

Chai, we don suffer for your hand ooooo, ok last year November was the pull back period last year and this year on is June..

You can mark my word, market will close this month in green.

Tell me your predictions now before you begin another story of you know before it happens.

You don begin finding another trouble. Make you remember say na bear we dey o I no fit separate fights

Agbalowomeri:
Bend down select loading

My oga.

You sef dey see the bonanza so

I don't like the red on that VFD and LASACO

Mpeace:
So you too also get chest pain?

Agbalowomeri:
Bend down select loading

Agba, can you be bold enough to tell us whether you are an investor on the NGX and what assets you have and still holding.

Agbalowomeri:
ZICHIS sef don send Mercy back to the village.

I don become chairman for village since last year. I go return to town after Una don finish dealing with unasef

Oga nosa and edueco never come join you for village, abeg let me know when they do.

Access want wunjure them..na oga nosa I dey pity pass, he collect from one bank go put head for access, I hope access never collect the gains finish.

Once you reach village make una go mark register for agba side oooo.

Agba any day I ask what is the update, just give me their names. Thanks Mr chairman

Lol 😆

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

Agbalowomeri:
You people are bent on sending Peter back to the village

Just remembered peterichy bought oando at 40 naira

Someone here once said peter go one day buy wetin go hook him for throat and at last it happened with oando

unite4real:
Agba, can you be bold enough to tell us whether you are an investor on the NGX and what assets you have and still holding.

Agba na ref for market abeg..

Once u enter offside, u collect.

At this point, I hope government should be ready to share palliative as we are having capital loss

Itzlinda:
Just remembered peterichy bought oando at 40 naira

Someone here once said peter go one day buy wetin go hook him for throat and at last it happened with oando

Dey don trade the trader

samarine:
At this point, I hope government should be ready to share palliative as we are having capital loss

How much u don pay as capital gain in the past...

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

Even window shopping follow dey sef
Very large Super market

Dangcem dividend enter well, cold drink sure today.

PETERiCHY:
You didn't jump out at #55

You didn't jump out at #50

You didn't Jump out at #45

it's now that OANDO is at #36 BARGAIN JUNCTION you jumped out


BARGAIN HUNTERS TAKE NOTE!

Nope. I jumped out around 44 and I mentioned it here sef.

samarine:
At this point, I hope government should be ready to share palliative as we are having capital loss

You mean akara, kwilikwili and agbado ?

dre1intown:
Dangcem dividend enter well, cold drink sure today.

I have dangcem in both bamboo and meritrade. Will the divident come separately for each account or at once?

⚠️ TRANSCORP, HONYFLOUR and FCMB all closed at fresh 52-week lows today.
🔻 TRANSCORP closes at ₦37.95
🔻 HONYFLOUR closes at ₦14.00
🔻 FCMB closes at ₦9.05

crownprince2017:
Agba na ref for market abeg..

Once u enter offside, u collect.

Lol.. No be small offside.

The way this sport dey now eeh, ee dey scratch both hand and leg.
All Referees suppose kit up join team Ooo.

No more officiating.
Who Whistle help?