Stock market bonanza

[emmanuel ewumi]

Bonanza is taking place in the Nigerian Stock Market.Quality stocks are offered for sale at discounts of 20,30,40,50,60,percents,some are even sold at fractions of their real worth.
What are you guys doing,are you complaining,buying or praying for more discounts.
The last time l experienced this type of buyers' market,in the stock market was in 2003 and 2004.When l bought UACN for N4.50,CAP for N3.80,Conoil for N14 Oando for N41,Okomu oil N4.
So guy's let us go on shopping spree in the market.
Please buy while offer lasts,because the bonanza will surely come to an end before October.Dont ask me for the source of this information,it is just a guess.

[waaan5]

Originally Posted by emmanuel ewumi

Bonanza is taking place in the Nigerian Stock Market.Quality stocks are offered for sale at discounts of 20,30,40,50,60,percents,some are even sold at fractions of their real worth.
What are you guys doing,are you complaining,buying or praying for more discounts.
The last time l experienced this type of buyers' market,in the stock market was in 2003 and 2004.When l bought UACN for N4.50,CAP for N3.80,Conoil for N14 Oando for N41,Okomu oil N4.
So guy's let us go on shopping spree in the market.
Please buy while offer lasts,because the bonanza will surely come to an end before October.Dont ask me for the source of this information,it is just a guess.

I think people are trying to figure what is happening and the bottom of this. This is because if the dynamics are not fully understood, one can still be left with the wrong side of the stick after plunging in now.

[nwoyearoh]

Originally Posted by waaan5

I think people are trying to figure what is happening and the bottom of this. This is because if the dynamics are not fully understood, one can still be left with the wrong side of the stick after plunging in now.

The key is to buy fundamentally strong stocks now. They will recover much faster than penny stocks.