Bought fbn at 7 yesterday,what to do?

Red in the banking stocks especially.....
One thing I'll say to newbies especially is that you should not panic and sell at loss........
In as much as you don't sell, you don't lose, the loss you may be seeing in your portfolio is paper loss, it doesn't become real loss unless you sell.
If you have more funds, don't catch falling knife but wait for bottom prices to buy and average down your cost price.
No one can accurately time Mr. Market......
..so.some level of emotional balance is required here.
My one cent opinion.

Mcy56:
Red in the banking stocks especially.....
One thing I'll say to newbies especially is that you should not panic and sell at loss........
In as much as you don't sell, you don't lose, the loss you may be seeing in your portfolio is paper loss, it doesn't become real loss unless you sell.
If you have more funds, don't catch falling knife but wait for bottom prices to buy and average down your cost price.
No one can accurately time Mr. Market......
..so.spme level of emotional balance is required here.
My one cent opinion.

Thank you.

The bears will devour the market next week. The economy is in scary shape with pervasive insecurity and the near collapse of both the fiscal and monetary policies. Unarguably, the country appears to be leaderless and directionless! Nothing to cheer about.

BrokerHaruna:
The bears will devour the market next week. The economy is in scary shape with pervasive insecurity and the near collapse of both the fiscal and monetary policies. Unarguably, the country appears to be leaderless and directionless! Nothing to cheer about.

It's not as bad as u paint it. This will only last for 4 trading days. Count. Afterwards, u will regret if u didn't enter the market.

megawealth01:
I dey OYO na... I dey offload small small sha

Lol.
What about the part that says "good luck" and "it may pay off"?
Don't you know one just have to maintain balance and be careful when posting on this forum if someone doesn't want to "incur the attack of some".
Not even for stocks like Japaul, Cocoa and the likes, that dey don't want to hear about.

BrokerHaruna:
The bears will devour the market next week. The economy is in scary shape with pervasive insecurity and the near collapse of both the fiscal and monetary policies. Unarguably, the country appears to be leaderless and directionless! Nothing to cheer about.

Lol. Bla bla bla. As if all these things were not already happening when the Bull came last month. Newbies, don't fret. Don't allow anyone make you panic to sell your shares. If you have fundamentally-sound stocks, hold on to them. I usually prefer good dividend stocks like GTBank, Zenith and Elumelu's companies (except Transcorp) because they usually give dividend-yield of 10% and above, steady. Again, don't allow the evil people here to make you panic. Me, I'm still heavy in Zenith because when that sweet N2.50+ dividend hits in March, it will be sweet

sincerelymine:
Bought fbn at 7 yesterday,what to do?

Stay put

sincerelymine:
Bought fbn at 7 yesterday,what to do?

Do nothing for now.

If you have extra funds, plan to buy more at a good entry price to reduce your average buy.

Access: 65 million on offer
Uba: 60 million on offer
Both act like twins fighting for who will lose the most!

anjilgreat:


Do nothing for now.

If you have extra funds, plan to buy more at a good entry price to reduce your average buy.

Nice one.

BrokerHaruna:
Access: 65 million on offer
Uba: 60 million on offer
Both act like twins fighting for who will lose the most!

Are u sure? Why then is Meritrade reporting wrong qtys...

Access and Uba now doing 7.85. The bears are vicious!

Mcy56:

Hope you know Access will not move in isolation........once you mention Access, just know you're referring to banking sector.......
The whole thing is looking like setup......
Let's keep watching......

How will you feel if you bought Guinness @N3:50k and sell @N10

BrokerHaruna:
Access: 65 million on offer
Uba: 60 million on offer
Both act like twins fighting for who will lose the most!

After you hype Guiness & ETI and they no go your way. Na to begin scare people to sell their access so you can pick it up cheap.
Your eye go soon clear

Mcy56:

Oga, that post was made on Nov 16.
You could have done well to tell us how many weeks we are now..........or better still when to when.
Just saying.......

Madam, Please don't get me wrong and I mean no harm. I was just assessing the statement to see how the market has performed on average since agba posted that statement and I discovered that it's been bearish a kind of. This does not mean that the market will not move or will remain bearish. Infact, it could even be fully bullish afterwards.

Also, I have discovered that most statement he make in November on the future of the market in Nov/Dec and Jan are somehow true.

Many thanks Madam

MBENEFIT:
Witnessed quite some high volume purchase at 24kobo earlier.......
Bids far outweigh offers.........55M bids vs. 310k offersas at now..........

The coy submitted for approval the sale of 8.9B units of shares to 2 coys in form of private placement at 54kobo per share.....

**This is for info purpose only**

http://www.nse.com.ng/Financial_NewsDocs/31995_MUTUAL_BENEFITS_ASSURANCE_PLC%20RESOLUTION_PASSED_AT_EX.pdf

Guinness and ETI are showing great resistance during these interesting times. This indeed is a rare opportunity to scoop both. Guinness, in particular, has exceptional prospects that will push it back to its previous highs.

S007:


After you hype Guiness & ETI and they no go your way. Na to begin scare people to sell their access so you can pick it up cheap.
Your eye go soon clear

True talk. Real wahala dey oooo. The speed with which Access and Uba are falling is scary

PETERiCHY:


We EXIT the market COMPLETELY on Nov 12th and posted the above on Nov 23rd

WAHALA for THOSE that are not PROACTIVE

UBA and Access now going for 7.80. Na wao for this market!

Bro Patience is golden! bears are in control,

the extent of this seemingly emotional damage you cant yet assess.

BrokerHaruna:
UBA and Access now going for 7.80. Na wao for this market!

Standardguy:
Madam, Please don't get me wrong and I mean no harm. I was just assessing the statement to see how the market has performed on average since agba posted that statement and I discovered that it's been bearish a kind of. This does not mean that the market will not move or will remain bearish. Infact, it could even be fully bullish afterwards.

Also, I have discovered that most statement he make in November on the future of the market in Nov/Dec and Jan are somehow true.
Many thanks Madam

Bros don't get me wrong too.
Just wanted us to be more guided here so we can at least have the timing idea.

Agba is very good when it gets to predictions but I always have issues with his predictions, he'll just state it in one simple technical sentence and throw people into confusion (maybe na only me sha).

For instance, before the arrival of the Sept/Oct bull he made one 4 or 5 letter words prediction, I didn't understand until market started going up........I actually misinterpreted it but just kept silent cos of what I saw and observed too.......which was incoming of funds and possible price appreciation then.

So........that's it sha.

sellydion:
Bro Patience is golden! bears are in control,

the extent of this seemingly emotional damage you cant yet assess.

Patience is the key word! Dumping inside life

BrokerHaruna:
Guinness and ETI are showing great resistance during these interesting times. This indeed is a rare opportunity to scoop both. Guinness, in particular, has exceptional prospects that will push it back to its previous highs.

Based on information on my table GUINNESS will sell for N3.50k on or before Nov 2021.

BARGAIN HUNTERS TAKE NOTE!

Sure, Guinness will cross N35 next year. Diageo is coming!

PETERiCHY:


Based on information on my table GUINNESS will sell for N3.50k on or before Nov 2021.

BARGAIN HUNTERS TAKE NOTE!

Mcy56:
Red in the banking stocks especially.....
One thing I'll say to newbies especially is that you should not panic and sell at loss........
In as much as you don't sell, you don't lose, the loss you may be seeing in your portfolio is paper loss, it doesn't become real loss unless you sell.
If you have more funds, don't catch falling knife but wait for bottom prices to buy and average down your cost price.
No one can accurately time Mr. Market......
..so.some level of emotional balance is required here.
My one cent opinion.

You are an embodiment of wisdom and a balm to investors. Keep it up pls

At current price, Guinness is a steal. Watch out for Diageo.

PETERiCHY:
Based on information on my table GUINNESS will sell for N3.50k on or before Nov 2021.
BARGAIN HUNTERS TAKE NOTE!

BrokerHaruna:
Sure, Guinness will cross N35 next year. Diageo is coming!

Referee is here.
How much are you betting with .....

Mcy56:

Bros don't get me wrong too.
Just wanted us to be more guided here so we can at least have the timing idea.

Agba is very good when it gets to predictions but I always have issues with his predictions, he'll just state it in one simple sentence and throw people into confusion (maybe na only me sha).

For instance, before the arrival of the Sept/Oct bull he made one 4 or 5 letter words prediction, I didn't understand until market started going up........I actually misinterpreted it but just kept silent cos of what I saw and observed too.......which was incoming of funds and possible price appreciation then.

So........that's it sha.

I perfectly understand you. You are right.

Is all well with your morganitrade?

This thread is getting funny and irritating.Those who contribute meaningful analysis are now few.Then the monkey hunters have over 10 moniker.They post something and reply same with different handles just to make it look as if someone else is responding just for the selfish interest.If you are new in stock business just be very careful of what you take from this thread henceforth..This thread has been hijacked by people of no moral and integrity.Madam mcy your are the only hope for new comers in this thread,pls continue the good work.
Then any oga that still visit this group,abeg add me to any realiable watsup group.

Biafran4life:
This thread is getting funny and irritating.Those who contribute meaningful analysis are now few.Then the monkey hunters have over 10 moniker.They post something and reply same with different handles just to make it look as if someone else is responding just for the selfish interest.If you are new in stock business just be very careful of what you take from this thread henceforth..This thread has been hijacked by people of no moral and integrity.Madam mcy your are the only hope for new comers in this thread,pls continue the good work.
Then any oga that still visit this group,abeg add me to any realiable watsup group.

I thought I was the only one that noticed. MCY thank you for your good work. I miss the days of StockMarketNigeria