Mcy56:

Loco, funny as it may sound, that's what is going on now, the way I see it.
The expatriates are selling in panic and will sell at any low amount, they will come back and buy when everything stabilizes.
More reason we need to look for fund and key in when the prices are so low. Someone said this is the planting season, he/she may not be far from the truth....but people should hold cash tightly for now like my bosses advised.

Mcy56:

Loco, funny as it may sound, that's what is going on now, the way I see it.
The expatriates are selling in panic and will sell at any low amount, they will come back and buy when everything stabilizes.
More reason we need to look for fund and key in when the prices are so low. Someone said this is the planting season, he/she may not be far from the truth....but people should hold cash tightly for now like my bosses advised.

Godisfaithful:


They are selling because we have no ammunitions to defend our market than devaluation of currency. And they will come back to buy cheaply when Naira is devalue (God forbid as some people always say...). It is written all over the wall...

Intendy:
Stocks with new 52 week lows
Infinity Trust #1.36k
Upl #1.00k
Lasaco #0.22k
GSK #3.45k
Cadbury #7.35k
Honeywell #.0.87k
Transcorp #0.77k
Unity bank #0.48k
NB #36.75k
GTB #22.15k
Ibtc #31.50k
Unilever #11.70k
Oando #2.43k

Mcy56:

I sold but jumped into Ucap again......I was after dividend but now trapped.
Will console myself with the dividend when paid on 26th. .
Na to just leave the stock remain. Though I have wapco too. Bought at 14 and thought I got bargain.

Valueinvestor:


Next time kindly put 'Graphic' on this type of 52 wk low before pasting

Godisfaithful:


They are selling because we have no ammunitions to defend our market than devaluation of currency. And they will come back to buy cheaply when Naira is devalue (God forbid as some people always say...). It is written all over the wall...

ihedioramma:
You have to put (please) he is not your boy or are you? paying him ?

veecovee:


Myjoy, this your devaluation story is getting ...

It's like you are still with those dollars you bought over N500.

Dollar may not be the best currency to buy this time

Na my thought ooo

DOLLARTEX:
By Wednesday you might need a foolscap paper!

veecovee:


Myjoy, this your devaluation story is getting ...

It's like you are still with those dollars you bought over N500.

Dollar may not be the best currency to buy this time

Na my thought ooo

Biafran4life:
This crash is really bringing out those that claim big boys.The NSE should be among your stream of income and not your sole stream of income.Oga Emma your candid advice is highly needed now.Is good to be street wise or you become mugu to another man and he will use to achieve his own target.If I don't sell my shares come rain come thunder..Then I lose nothing as long as the company doesn't close shop

aremso:


everybody wt his strategies ooo, why are FPIs dumping on us? why cant they stay and weather the storm na?

robobo:


yes by 2moro 50% of the war wld already have been fought

then the remaining 50% wld be fought on a piecmeal basis

i cant w8 to see Russia response. however im already looking at a max of $25 for brent 2moro

Bomboclad:
WHERE ARE ALL THOSE HARBINGERS WHO WANT ZENITH @ N10, YOU HAD BETTER JOIN THE BULL NOW OR MISS OUT ENTIRELY.

mendes911:


Greetings Oga BOMBoclad. How are you and your crew members doing? You seem to have lost your voice again?

Just passing.

Chibuking81:
What we are experiencing now in the crude oil market is teaching of reason. OPEC want to educate those non - OPEC oil producing countries that always take advantage of OPEC cut, that oil can possibly go far below their budget benchmark.

If not because of drop in price of stocks price, I will even like the crude to visit $5, it will help correct some political problems in Nigeria in the near future. Restructuring the country will be so easy with crude oil price at $5, true federalism will come very quickly.

Implication, if the crude oil price falling continues, with this new minimum wage, soon many states will go bankrupt and will not be able to pay their civil servants. Crime rate will increase.

Let the will of God be done, his is just and everything he does is right.

gloriousdawn:
Holding cash now is not the best hedging strategy against devaluation.
Hold assets that are likely to go up in value if there is devaluation.

Example of such asset is stock. Imagine if you liquidate your position in stock today and the next day before market open, there is an annoucement that naira have been devalued. What become the fate of the cash you are holding?

Holding cash is good but not when currency devaluation is looming.

mendes911:


Greetings Oga BOMBoclad. How are you and your crew members doing? You seem to have lost your voice again?

Just passing.

gloriousdawn:
Holding cash now is not the best hedging strategy against devaluation.
Hold assets that are likely to go up in value if there is devaluation.

Example of such asset is stock. Imagine if you liquidate your position in stock today and the next day before market open, there is an annoucement that naira have been devalued. What become the fate of the cash you are holding?

Holding cash is good but not when currency devaluation is looming.

bigjay01:


Easy naa. No one saw CVD19 effect on oil prices.

Bikaa27:
Morning guys, please for those using meristem to trade, how do you withdraw funds on your account?

gloriousdawn:
Holding cash now is not the best hedging strategy against devaluation.
Hold assets that are likely to go up in value if there is devaluation.

Example of such asset is stock. Imagine if you liquidate your position in stock today and the next day before market open, there is an annoucement that naira have been devalued. What become the fate of the cash you are holding?

Holding cash is good but not when currency devaluation is looming.

Chibuking81:
Patiently waiting for my Zenith bank dividend on 16th, at least crude oil price will not affect it.

Valueinvestor:


You are right sir, a high dose of common sense is actually needed in times like this.Having ones portfolio 100% cash might not be too wise in a time like this,although having a substantial cash as part of your portfolio is wisdom. Unfortunately most people dont understand that the word "cash is king" does not necessarily means "portfolio = 100% cash" .In some situations "cash could be thrash".

Timing the market is just a waste of time- No one can actually tell when a reversal would happen, especially in a world with so much uncertainties,

Bear market is not just a period of calamity but also a period of opportunity for those that are prepared.

I have never seen so much FEAR (pessimism)on the exchanges in recent time. So i need to be GREEDY. But the question is when ?. Since i cant time the market (reversal),i would just keep buying value(bargains) on a scale down.

These are just my personal thought,please stick to what works for you.