Dexterax:


If they know what to do, this is one of the best times to make money on the NSE.

Flexibility of thought is key.

Dexterax:


"In the struggle for SURVIVAL, the fittest WIN out at the expense of their rivals because they succeed in ADAPTING themselves BEST to their environment."

Born2berich:
Very correct but many of them will not be able to do so as they are currently and hugely trapped.
I call it #Restricted dynamism

passwelle:
I am not trying to create any panic but then what if this persists and your portfolio goes red further? Remember there's a reason why stop losses exist to "cut your losses short and let your winners run". http://www.investopedia.com/articles/stocks/08/capital-losses.asp

Born2berich:


Very correct but many of them will not be able to do so as they are currently and hugely trapped.

I call it #Restricted dynamism

Charlesnerd:


Oga, we no wan catch falling knives.

We are at the bus stop,observing proceedings from afar.

Dexterax:


I try to reduce philosophy in times like this. I'm being honest. But I won't be apologetic about what Charles Darwin wrote below:

"In the struggle for SURVIVAL, the fittest WIN out at the expense of their rivals because they succeed in ADAPTING themselves BEST to their environment."

Dexterax:


Emmm...an interesting set of folks are also exploiting the art of adapting the environment to themselves.

passwelle:
"Often you just have to bite the bullet and sell your stock at a loss before those losses get bigger. The first thing to understand is that hope is not a strategy. An investor has to have a logical reason to hold a losing position. The second point is, what you paid for a stock is irrelevant to its future direction."

Above quote is from the link above. Folks hold on to losing positions because others embolden them with messages of goodwill and encouragement, reassuring them it is only a paper loss . Biko, set a stop loss at or about the daily maximum a stock can gain on the NSE. Chikena.

Born2berich:


However, people shouldnt panick so much as the market is likely to get a breather and recover soon.

PS: Abeg do your own Due diligence.

UNLEASHED:


Hi everyone, I bought Firstbank shares worth a little bit over 500k at NGN33/unit when it went public in 2007 with the aim of leaving it long term, I really don't know much about stocks just that the fund was idle at that time. Most times I even forget I've got some shares somewhere. I just checked on NSE and FBN shares is 11.30 If I'm right? Does that mean I'm at loss? What are my chances of making profit in the long term considering the fact that I bought the shares 7 years ago.

UNLEASHED:

Hi everyone, I bought Firstbank shares worth a little bit over 500k at NGN33/unit when it went public in 2007 with the aim of leaving it long term, I really don't know much about stocks just that the fund was idle at that time, hence the motive to invest in shares. Most times I even forget I've got some shares somewhere. I just checked on NSE and FBN shares is 11.30 If I'm right? Does that mean I'm at loss? What are my chances of making profit in the long term considering the fact that I bought the shares 7 years ago.

UNLEASHED:

Hi everyone, I bought Firstbank shares worth a little bit over 500k at NGN33/unit when it went public in 2007 with the aim of leaving it long term, I really don't know much about stocks just that the fund was idle at that time, hence the motive to invest in shares. Most times I even forget I've got some shares somewhere. I just checked on NSE and FBN shares is 11.30 If I'm right? Does that mean I'm at loss? What are my chances of making profit in the long term considering the fact that I bought the shares 7 years ago.

passwelle:
Sir, Morgan charges you only 0.25% brokerage fees. The NSE and SEC charge everything else.

Yem0350:

It was a mistake. I mean #4.20 for trade alert instead of #4
I was told some couple of mins ago dat dey av started charging VAT on sms alert.
Although, the moni is small but one must be able to understand every kobo being charged.

Yem0350:

It was a mistake. I mean #4.20 for trade alert instead of #4
I was told some couple of mins ago dat dey av started charging VAT on sms alert.
Although, the moni is small but one must be able to understand every kobo being charged.

carpenter:


You have not lost unless you sell, if I were you, I would buy more. Also chase down your dividends and bonus over the years.

UNLEASHED:


I can't smell a real advice from a sarcasm, like I said before I'm an absolute novice dealing with stocks and a dormant trader at that, well thank you if it's a genuine advice but if it's not, you shouldn't have replied at all

passwelle:

Where is Pa Ewumi when you need him? Bros, sorry ooo as regards the bolded... Can you wait for 7 more years?

UNLEASHED:


Hi everyone, I bought Firstbank shares worth a little bit over 500k at NGN33/unit when it went public in 2007 with the aim of leaving it long term, I really don't know much about stocks just that the fund was idle at that time, hence the motive to invest in shares. Most times I even forget I've got some shares somewhere. I just checked on NSE and FBN shares is 11.30 If I'm right? Does that mean I'm at loss? What are my chances of making profit in the long term considering the fact that I bought the shares 7 years ago.

carpenter:
You have not lost unless you sell, if I were you, I would buy more. Also chase down your dividends and bonus over the years.