mendes911:

Brent at $34....

It is finished.

It got to a low of 31.38

Dow futures losing over 1,200 points. If care is not taken, it could lose over 2,000 points today.

Time to avoid looking at one's portfolio.

To the newbies:
If you are on dividend paying stocks and trapped due to low prices, stay put and take the cashflow(dividend) that comes with it. Don't rush to reinvest dividends back into stocks. Hold the cash and watch for prices.

If you are on non-dividend paying stocks, SELL now. if you are trapped and can't sell, then you will watch prices fall and no cashflow from your investment.

Goodluck guys.

RabbiDoracle:
To the newbies:
If you are on dividend paying stocks and trapped due to low prices, stay put and take the cashflow(dividend) that comes with it. Don't rush to reinvest dividends back into stocks. Hold the cash and watch for prices.

If you are on non-dividend paying stocks, SELL now. if you are trapped and can't sell, then you will watch prices fall and no cashflow from your investment.

Goodluck guys.

Well said...I am just awaiting both LSE NSE & NYSE open today. Siddon look activated!

Central banks may be forced to weigh in...else a bigger market plunge may be coming!

My own is what will be Godwin's next move

akindelesi:
I placed some trades on Friday through Morgan Capital and they were definitely executed - some were at Mkt prices. I'm checking my account now and they are not reflecting.
I've sent them an email but curious if any other person has the same issue.
Thank you.

It hardly reflect same day. You'll see it today

https://www.skynews.com.au/details/_6139563663001

EXCLUSIVE: The Morrison Government is considering a Kevin Rudd-style cash handout as part of its multi-billion dollar coronavirus stimulus package.

stcool:
https://www.skynews.com.au/details/_6139563663001

EXCLUSIVE: The Morrison Government is considering a Kevin Rudd-style cash handout as part of its multi-billion dollar coronavirus stimulus package.

Even if you hand out cash, humans will still not spend it. They will save it because they are scared of a recession.

stcool:


Well said...I am just awaiting both LSE NSE & NYSE open today. Siddon look activated!

Central banks may be forced to weigh in...else a bigger market plunge may be coming!

My own is what will be Godwin's next move

Look at Asian markets. All in huge red.

I wonder what EU markets will trade today.

Gulf markets lost alot. Some in their 7% fall. Now 5% fall is the new normal. This is hyper-volatile.

We are in interesting times.

Hello house,
I'm a newbie in stock and considering to buy a few essential stock now when the prices are going down for long term. I need your advise.

Anniie4u:
Hello house,
I'm a newbie in stock and considering to buy a few essential stock now when the prices are going down for long term. I need your advise.

Slow down and go through the thread...Read first.

stcool:


Slow down and go through the thread...Read first.

I've been going through the thread but it's very large. What advise can you give in times like this.

Anniie4u:
Hello house,
I'm a newbie in stock and considering to buy a few essential stock now when the prices are going down for long term. I need your advise.

Hold cash.....

Anniie4u:
Hello house,
I'm a newbie in stock and considering to buy a few essential stock now when the prices are going down for long term. I need your advise.

With new event surrounding the crude oil price, pls hold your cash for now.

There is serious red flag with current crude oil price. Most of the world economic will enter recession if urgent step is not taking.

Chibuking81:
There is serious red flag with current crude oil price. Most of the world economic will enter recession if urgent step is not taking.

My brother, it is very serious o.

At this time, even those of us with cash are scared. Because you don't know how long this slide will continue.

If Zenith falls today and nears 17, a markdown is tomorrow. N2.50 shaved off from 17 will take it to N14.50.

If the fall continues through out this week, it means Zenith can trade at N10 or below this week.

Meshpips, where are you? Your GTB will be served soon.

Anniie4u:


I've been going through the thread but it's very large. What advise can you give in times like this.

Hold cash and watch the market.

Tension as Saudi Arabia Triggers Oil Price War
https://businesspost.ng/economy/tension-as-saudi-arabia-triggers-oil-price-war/

Court Orders CBN to Deduct N183bn from First Bank's Account
https://businesspost.ng/banking/court-orders-cbn-to-deduct-n183bn-from-first-banks-account/

Stanbic IBTC Says Loan-to-Deposit Ratio Hits 67.5%, NPL at 3.9%
https://businesspost.ng/banking/stanbic-ibtc-says-loan-to-deposit-ratio-hits-67-5-npl-at-3-9/

Notore Plans to Raise N40bn for Expansion
https://businesspost.ng/economy/notore-plans-to-raise-n40bn-for-expansion/

NASD Holds Forum on Equal Access to Capital for Women
https://businesspost.ng/economy/nasd-holds-forum-on-equal-access-to-capital-for-women/

Okonjo-Iweala Will Revamp South Africa’s Economy—Jonathan
https://businesspost.ng/economy/okonjo-iweala-will-revamp-south-africas-economy-jonathan/

Chibuking81:

With new event surrounding the crude oil price, pls hold your cash for now.

Thank you.

dipoolowoo:
Tension as Saudi Arabia Triggers Oil Price War
https://businesspost.ng/economy/tension-as-saudi-arabia-triggers-oil-price-war/

Court Orders CBN to Deduct N183bn from First Bank's Account
https://businesspost.ng/banking/court-orders-cbn-to-deduct-n183bn-from-first-banks-account/

Stanbic IBTC Says Loan-to-Deposit Ratio Hits 67.5%, NPL at 3.9%
https://businesspost.ng/banking/stanbic-ibtc-says-loan-to-deposit-ratio-hits-67-5-npl-at-3-9/

Notore Plans to Raise N40bn for Expansion
https://businesspost.ng/economy/notore-plans-to-raise-n40bn-for-expansion/

NASD Holds Forum on Equal Access to Capital for Women
https://businesspost.ng/economy/nasd-holds-forum-on-equal-access-to-capital-for-women/

Okonjo-Iweala Will Revamp South Africa’s Economy—Jonathan
https://businesspost.ng/economy/okonjo-iweala-will-revamp-south-africas-economy-jonathan/

Ah, Notore is still trying to scam more people?

Market pricing a possible US recession...

FED likely to cut further by up to 75basis point in April.

RabbiDoracle:
To the newbies:
If you are on dividend paying stocks and trapped due to low prices, stay put and take the cashflow(dividend) that comes with it. Don't rush to reinvest dividends back into stocks. Hold the cash and watch for prices.

If you are on non-dividend paying stocks, SELL now. if you are trapped and can't sell, then you will watch prices fall and no cashflow from your investment.

Goodluck guys.

Look at RabbiDoracle being nice!

Tough times ahead for investors, but we will survive. This too, shall pass. Hold cash and shine!

RabbiDoracle:


What we don't know is how long this oil price slash will last. Remember Russia hardly backs down in any challenge.

If it stays through summer, it will knock lots of economies into recession.

Just wait and buy at ridiculously low prices.

give yourself as long as you can

Russia has this thing plan out and they can wait for it to even drop below 20

stcool:
Market pricing a possible US recession...

FED likely to cut further by up to 75basis point in April.

Fed has a meeting next week. I am expecting them to keep cutting and cutting till it hits zero.

Then restart QE.

Lion123:


Look at RabbiDoracle being nice!

Tough times ahead for investors, but we will survive. This too, shall pass. Hold cash and shine!

When Noah was sailing in his ark, he still felt pity for those that the flood ravaged.

The ark has set sail. Those in the ark (mattress gang) are looking with awe and pity.

Peterichy is the Captain of the Ark.

RabbiDoracle:


Fed has a meeting next week. I am expecting them to keep cutting and cutting till it hits zero.

Then restart QE.

Oga Oracle...I swear this whole financial market & oil politics is a script.

Those in the know keep cashing out

Chibuking81:

With new event surrounding the crude oil price, pls hold your cash for now.

When will you sell your Zenith to me?

stcool:


Oga Oracle...I swear this whole financial market & oil politics is a script.

Those in the know keep cashing out

That is why you should not just focus on trading NSE. Monitor the body language of the worldwide market and lots of asset classes. There are signs that you can pick up from there that can tell you that FPI go (or don dey) pick race.

So you start to suspect them and prepare.

Brent at 33
A 25% drop

Please sell and go home, you can't argue with oil when it comes to NSE

You still won buy, NOT AVAILABLE. It is not yet 4 for N10,

RabbiDoracle:






When will you sell your Zenith to me?

Saudi exchange losing 9.25% at open.

Osetigo

Who would buy!!! the road is now narrow.

Agbalowomeri:
Brent at 33
A 25% drop

Please sell and go home, you can't argue with oil when it comes to NSE

sellydion:
You still won buy, NOT AVAILABLE. It is not yet 4 for N10,

Don't worry, I won't buy from you. Na Chibuking I wan buy from. He like doing cross deals.