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Posted by Gabriel Ogodimeji on April 10, 2009 at 02:27:41:

I began to wonders million of people who have become extremely rich through the stock business... Suddenly met themselves at the edge of the ladder below the profit margine.
Families who are into merriment suddenly shedding tears all in the name of poor global economic crisis.
Some stock today dropped for more than 1000 percent while stagnant is nowhere to be sold due to technical suspension. One of my uncles who had been getting loan from banks for this purpose has eventually loose two of his house to banks since he could not pay back the loan.
SUGGESTION
The CSCS and NSE should work more harder to normalize things, this will encourage more investors to come in into the stock business. The old investors should be calm, don't sell at loss because it will not fetch you profit as you hoped for, rather be a future or long time investor, i know this crisis will go down one day and all the agonized investors today will eventually smile. Thank you and remain bless.

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Comments:
Re: Stock market frustration

Posted by Arinze on April 13, 2009 at 07:30:57:
In Reply to: Stock market frustration posted by Gabriel Ogodimeji on April 10, 2009 at 02:27:41:

I think what is needed is a serious bail out as i think most people would not recover from this mess

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Re: Stock market frustration

Posted by Patricia on May 14, 2009 at 05:55:56:
In Reply to: Stock market frustration posted by Gabriel Ogodimeji on April 10, 2009 at 02:27:41:

Bailing out is out of the question for Nigeria. Everyone investor is strictly on his own, that is the nigerian factor

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