Back in September 17th 2013 I wrote an article called Wonder Stock: Jos Brewery From 90kobo To N9 In Less Than Two Months. Back then I tried to explain how the rise in the stock had nothing to do with its fundamentals (company results) as It was just going up because some people wanted it to. Its like riding a wave as it builds and then just when you hit the crescendo it just comes crashing down on you.
Jos Breweries was N9 at the time and today it is N3.42, though still higher than the 90kobo it opened the year with, much of its value has been lost for this who entered at the peak or on its path to its peak. In fact the stock was 81kobo as at August 12 and rose to N9 in just about a month. At its peak over 1million exchanged hands compared to about 5,000 just a month later.
Like I always advice, it is better to invest cautiously than to invest aggressively. And as Warren Buffet would say, Be afraid when the market is bullish and be bullish when the market is afraid.
Pls i nid a job