mendes911:


Fidelity might be bae for a quick 10% by the end of this week. The question now is whether to risk for the small fries (10%) or rather have the patience of Job and keep waiting for the big pay day.

#Uncertainties of Life.

mendes911:


That means you will sell them to me at below N1.00 (If you buy at N1.20, I expect your stop loss to trigger below N1 and being a gentleman, you will respect your stop loss).

fxuser:
Trading
- they tell u just Buy Low and Sell High , sounds very easy ... it's actually easier to end up selling low and buying high.

lolx #sigh

Such is life.

mendes911:


Can you explain more please?

just comparing % drops from 52 wk highs ! some charts are very scary esp d ones wt prices breaking below their 200 moving avg

sellydion:


The king of the mattress! Nobody knows it all, for me to wound

the market go try. Never say never shaa. Seriously I enjoy this bear

Many stocks are coming down for another round of loading. Being bold

does not say you should enter market without knowledge.

No matter how, at the heart of trading or investing is risk management.

Always good to have cash at this point when market is down.

fxuser:
if u suffer from itchy fingers like me , just keep d amounts very very small . .

Na TA tinz.

FA will just fix a price and wait for the termites to fall to the ground.

fxuser:


just comparing % drops from 52 wk highs ! some charts are very scary esp d ones wt prices breaking below their 200 moving avg

OhOk. Thanks. All these charts toorrr, that was how I followed one chart once and got lost. You are doing OK reading them, enjoy.

DeRuggedProf:
Diamondian prisoners are occasionally taken out to work, some refuse to return, others are faithful, the prison facilities continue to deteriorate...
Bet on nothing when it comes to Nigerian managers.
I once thought Diamond will never visit sub N2.00 not knowing a pig will always return to its base..
How this guy is so efficient in mismanaging this bank amazes me..

fxuser:



deriz no better teacher dan Mr bear , Mr bull is too forgiving

You seem to have injured badly.

Take it easy bro.

mendes911:


Fidelity might be bae for a quick 10% by the end of this week. The question now is whether to risk for the small fries (10%) or rather have the patience of Job and keep waiting for the big pay day.

#Uncertainties of Life.

no mind d MM, he shud try N2.05 nah and see if buyers wont turn up

TLAX:


Lol....

Easier said than done otherwise there would be more successful stockmarket traders/speculators/investors than those who gave up along the way out of frustration and despair.

Now to all my fellow players in this and other markets although i suspect you know these already... from insightful information i have pieced together from many sources - Less than 7% of SM participants get really rich from doing business in the markets - Equity, futures, currency (even worse here) etc. About 30% breakeven after years of trying, and the rest just give up and move on to something else.

Another interesting thing from reading Warren Buffets Letters to shareholders for 2016 and 2017, although this is conventional wisdom, lots of folks are much better off by just investing in index funds. In Nigeria we have quite a few promoted by leading brokers and investment banks. They do this thing for a living.

Now, Another Insight, There is no one way to make money from the markets. You need to constantly evolve. A strategy that made money 3 years ago can backfire and cost you your fortune. Your focus should be on making money and not on particular shares you hold. Emotional attachment is dangerous.

From personal experience...If you want to make thripple digit returns, it can't be found in the well managed and stable companies with nice financials. Those ones will deliver nice annual returns that beat returns on government securities by a mile. Thripple digit returns are in distressed stocks...NOTE:Distressed stocks, not DISTRESSED COMPANIES. There are about 3 i see clearly in the market now. It takes a measure of boldness, healthy risk appetite and research into these companies to unlock the returns. Never forget your statistics 101 lessons on Probability.

Be Greedy at the right time, fearful at the right time and never let over-confidence and over-familiarity with the market kick in. Otherwise, the market will get you.

I like this. Did you compose this?

RabbiDoracle:


You seem to have injured badly.

Take it easy bro.

u seem to be taking it wrongly ..

fxuser:


lollx d many limitations of not having unlimited capital

The market can remain irrational longer than you can remain solvent.

~ John Maynard Keynes

fxuser:


no mind d MM, he shud try N2.05 nah and see if buyers wont turn up

Chief, what if the MM over powers the buyers at N2.05? Remember how Jesus Christ feed 5,000 with 5 loafs of bread and 2 fishes and still had excess in surplus (Just Joking )

I pray none of the heavy weight with so much shares decides to offload (not that am not wishing for this shaaa).

mendes911:


The market needs to go down before these bulls can surface again. It's been long over due.

There are bulls. Look well.

mendes911:


OhOk. Thanks. All these charts toorrr, that was how I followed one chart once and got lost. You are doing OK reading them, enjoy.

- both TA and FA offer no opinion of their own . show 10 people and u get 8 to 12 different opinions

- the eyes will see what the eyes want to see #imo

fxuser:



u seem to be taking it wrongly ..

ok sir.

RabbiDoracle:


I like this. Did you compose this?

Yes o. My random thots.

TLAX:


Yes o. My random thots.

Nice ooo.

mendes911:


Chief, what if the MM over powers the buyers at N2.05? Remember how Jesus Christ feed 5,000 with 5 loafs of bread and 2 fishes and still had excess in surplus.

I pray none of the heavy weight with so much shares decides to offload (not that am not wishing for this shaaa).

i think d surplus may hv be given to chap that gave up his lunch , but imagine d uncertainty they had to face !

Chibuking81:
Most stock struggle to maintain Monday high, but there was no enough fuel. Tomorrow is another day.
#42 is not far for GTB to visit, it will happen soon. UBA will visit sub #10.90 this week, FCMB their MM are losing strength, and might visit #2.30 this week, may be their MM needed money to defend Fidelity.

Why UCAP don't want to visit sub #3, Afriprudent sub #4. Patience is the answer, many are waiting at various junction for the vehicle to arrive.
For now no news to usher in Mr bull, Bear will still dominate the market this week.

It's time to look for sound fundamental stock to fix in your money for 3 months, 6 months and 12 months at 10%/ 20% and above interest rate.

Stocks for 2 months fix deposits from now are
1. Flour mill @ #32/ 34
2. Honeyflour #2.40 or below
3. Cutix. @ #3
4. Conoil. @ #30
5. UBA @ #10.50/10.80
6. Zenith bank @#27.50
7. GTB @ #42

For Nine months
1. Eterna @ #5.30/ #5/50
2. UCAP @ #3 or below
3. Afriprudent #3.70 ( one with patience can get it)
4. Zenith @ # 27.50
5. GTB @ #42
6. UBA @10.50/ 10.80
7. fidelity @ #2.15/2.20
8. FCMB @ #2.20
9.Julius berger @ #27/ 27.50
10. Transcorp @ #1.40
11. Ikeja hotel @ #1.86/ #2

Based on personal findings, you can add yours.

Is like most stock are dancing so soon to the above quoted price.
Patient is the answer.

Chibuking81:


Is like most stock are dancing so soon to the above quoted price.
Patient is the answer.

price may break below some sef

CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

Chibuking81:


Is like most stock are dancing so soon to the above quoted price.
Patient is the answer.

The number of full offers I saw today made me start thinking if people make money by piling the offers?

#PATIENCE
#CASHPRESERVATION

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

Thise pple sef.

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

please why are people still buying japaul? or another rescuer is around the corner?

TLAX:


Lol....

Easier said than done otherwise there would be more successful stockmarket traders/speculators/investors than those who gave up along the way out of frustration and despair.

Now to all my fellow players in this and other markets although i suspect you know these already... from insightful information i have pieced together from many sources - Less than 7% of SM participants get really rich from doing business in the markets - Equity, futures, currency (even worse here) etc. About 30% breakeven after years of trying, and the rest just give up and move on to something else.

Another interesting thing from reading Warren Buffets Letters to shareholders for 2016 and 2017, although this is conventional wisdom, lots of folks are much better off by just investing in index funds. In Nigeria we have quite a few promoted by leading brokers and investment banks. They do this thing for a living.

Now, Another Insight, There is no one way to make money from the markets. You need to constantly evolve. A strategy that made money 3 years ago can backfire and cost you your fortune. Your focus should be on making money and not on particular shares you hold. Emotional attachment is dangerous.

From personal experience...If you want to make thripple digit returns, it can't be found in the well managed and stable companies with nice financials. Those ones will deliver nice annual returns that beat returns on government securities by a mile. Thripple digit returns are in distressed stocks...NOTE:Distressed stocks, not DISTRESSED COMPANIES. There are about 3 i see clearly in the market now. It takes a measure of boldness, healthy risk appetite and research into these companies to unlock the returns. Never forget your statistics 101 lessons on Probability.

Be Greedy at the right time, fearful at the right time and never let over-confidence and over-familiarity with the market kick in. Otherwise, the market will get you.

To the parts in bold, u have spoken very well my dear !!
...nothing could've been more right.
It does show u understand and can 'dance to the many melodies that are played within the NSE room'

Welcome to the Nigerian Stock Exchange !!

I owe u some plates of Nkwobi and a chilled bottle of UA...

Mpeace:
Thise pple sef.

Were you expecting a different outcome

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

RabbiDoracle:


I dey wait for them at sub 1.2

LMAO

I Dey your back sha...my advice is for people to trade with caution not being emotionally attached to any stocks/recommendations. The possibility of stock going lower is very high compare to the probability of going higher. #ElectionUncertainty #FearofUnknown #FollowYourHeart #PreserveYourCapital #NSEDrama

#AllTheBest

Hope tomorrow is Eterna mark down?

fxuser:
if u suffer from itchy fingers like me , just keep d amounts very very small . .

So technical person can have itchy fingers as well? Unbelievable!