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View Poll Results: Is stock market crash forseen in Nigeria
Yes, within 5 years 0 0%
Yes, within 3 years 2 25.00%
Yes, in the next 3-9 months 1 12.50%
No, e go tey! 5 62.50%
Voters: 8. You may not vote on this poll

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  #61 (permalink)  
Old 18th October 2008, 06:17 PM
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Default Re: Is a stock market crash possible in Nigeria?

The only immediate remedy i can see, is a mop up strategy, that is buying up the excess supply of shares, either engineered by the much speculated market makers (the 6 mega banks) or the federal government investing the tax payers money like the US govt. is doing now. Outside this, i wonder how long it will take the market to correct itself, because investors confidence is damned too low. i placed a sale order thru my broker for almost two weeks now to enable me reposition my self with a more fundamentaly strong portfolio, till date no show. God save Nigeria.

Last edited by Captain Ugo : 18th October 2008 at 06:21 PM.
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  #62 (permalink)  
Old 19th October 2008, 07:55 PM
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Default Re: Is a stock market crash possible in Nigeria?

Quote:
Originally Posted by Captain Ugo View Post
The only immediate remedy i can see, is a mop up strategy, that is buying up the excess supply of shares, either engineered by the much speculated market makers (the 6 mega banks) or the federal government investing the tax payers money like the US govt. is doing now. Outside this, i wonder how long it will take the market to correct itself, because investors confidence is damned too low. i placed a sale order thru my broker for almost two weeks now to enable me reposition my self with a more fundamentaly strong portfolio, till date no show. God save Nigeria.
At least nobody is asking if a stock market crash is possible in Nigeria Anymore!
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