It means, selling off stocks that haven't been performing well since October last year and doesn't have chances of performing well by or after MARCH this year. If you have these two stocks in your portfolio, kindly sell it off. I called JAPAULGOLD in the list of stocks, has done just about 2% growth since then, sometime in January, it did 9% and went down but right now, I don't see any market sentiment that will necessitate it's pump. I'm also removing it in the list. I called INTENEGINS last year in the list of insurance stocks to buy. At some point, it went into huge loss up to -50% because trading it; buying and selling it was suspended from. NGX because they couldn't file their annual report. When trading resumed, it recovered from -50% to just about -9% currently, a good thing, fact is, as it days ago, it was just only at -2% loss, good progress right? But right now, I don't see any sentiment that will cause further growth.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I've started portfolio Recapitalization.
It means, selling off stocks that haven't been performing well since October last year and doesn't have chances of performing well by or after MARCH this year.
If you have these two stocks in your portfolio, kindly sell it off.
I called JAPAULGOLD in the list of stocks, has done just about 2% growth since then, sometime in January, it did 9% and went down but right now, I don't see any market sentiment that will necessitate it's pump.
I'm also removing it in the list.
I called INTENEGINS last year in the list of insurance stocks to buy. At some point, it went into huge loss up to -50% because trading it; buying and selling it was suspended from. NGX because they couldn't file their annual report. When trading resumed, it recovered from -50% to just about -9% currently, a good thing, fact is, as it days ago, it was just only at -2% loss, good progress right? But right now, I don't see any sentiment that will cause further growth.