fxuser:
GTB

- last 3 weekly candles getting smaller (less volatility), support above 45 looks decent
- we need dis chief mkt leader to do well to pave way for others esp in d bnk index


DangCem
- testing below N250 ! ! #smh
- Alhaji's baby is just toying with the index up and dan lollx

RabbiDoracle:
How market?

We understand the game. No qualms

RabbiDoracle:
How market?

fair oh, fbn don expose d money bags. Over a billion traded

RabbiDoracle:
Woundjuring in progress.

You too get mouth. Habba!

nio68:


My trap only caught some tashere units at 10.70 .. at all at all na hin bad

Hold on. you will get more.

fxuser:



there is also the likelyhood of a slightly lower retest , but who know really ..
there is no certainty in this biz
but d last 3 weeks , SP has opened lower and closed lower on a weekly basis (pull backs are not created equal)
my concerns are not with d upside , but with where to put a stop loss , umm maybe n2 for example

Let say
Entry 2.47
Stop Loss N2.00
Target : N3.00
Risk -23.5%
Reward +21.46%

This is a very dangerous risk reward play ! #IMO
but wat do i know

The risk is 19.02% and even that's a whole lot of loss to stomach

My stop loss is usually very tight, I don't mind the commissions, I may lose more than the comission in a single trading day of additional loss.

I once almost sold access same day I bought it when it started trading close to my stop loss

If I should lose this much on a trade, I don become long term investor be that o

mr yok,jor has msci started offloading?i no understand again o!update please!

mendes911:

Hold on. you will get more.

Diamond reality!

mendes911:


Hold on. you will get more.

FBN 111m units sold.

Hmmmmmmmm

Bell Ringing.....

Gbagan Gbagan Gbagan.....

fxuser:


fair oh, fbn don expose d money bags. Over a billion traded

I saw it ooo... 111m units sold.

Who is buying and who is sell?

Watching in 3D. The market will prove someone to have made a mistake.

IchimokuPilot:
Diamond reality!

Ichimoku reversal?

Afriprud after shaking out the faint hearted and the impatient ones, breaks out above 5 naira on big volumes. This one must vomit something juicy in a couple of days.

Toluway:

You too get mouth. Habba!

Mo lenu gaaaan. Are you calling me "Mouth local govt chairman?

RabbiDoracle:


I saw it ooo... 111m units sold.

Who is buying and who is sell?

Watching in 3D. The market will prove someone to have made a mistake.

If they return tomorrow with the selling pressure I saw today, that will shatter FBNH real bad. People were buying today because of the established support level and I thought the stock was going to reverse for good. I hope this support level holds though, else the people inside the bus will feel some rough gallop....

We keep watching.

2zona:
Afriprud after shaking out the faint hearted and the impatient ones, breaks out above 5 naira on big volumes. This one must vomit something juicy in a couple of days.

The thing suppose even poo join sef.

mendes911:


If they return tomorrow with the selling pressure I saw today, that will shatter FBNH real bad. People were buying today before of the established support level and I thought the stock was going to reverse for good. I hope this support level holds though, else the people inside the bus will feel some rough gallop....

We keep watching.

Are you in the bus?

Godspeed amigo!

RabbiDoracle:


Are you in the bus?

Godspeed amigo!

In the bus keee. I never get mind join Fidelity, na FBNH I go join? I am still waiting and will jump in once my guts tells me it's ready. I need FY results to start dropping.

2zona:
Afriprud after shaking out the faint hearted and the impatient ones, breaks out above 5 naira on big volumes. This one must vomit something juicy in a couple of days.

I was one of them even a bus with knocked engine shouldn't move that slow

https://thenigerialawyer.com/n3-1bn-subsidy-fraud-how-eterna-oil-md-others-forged-30-documents-to-defraud-fg-witness
N3.1bn Subsidy Fraud: How Eterna Oil MD, others forged 30 documents to defraud FG- WitnessByUnini Chioma-Nov 27, 20170Arisekola's son trial on subsidy[Photo Credit:Whats up IbadanShareTweetA prosecution witness, Abdul-rasheed Bawa, has told Justice Hakeem Oshodi of the Lagos State High Court in Ikeja, Lagos, how Mahmud Tukur, Abdullahi Alao and Ochonoghor Alex and their companies, Eterna Plc and Axenergy defrauded the Federal Government of the sum of N3,121,393,098.The witness, an investigator with the Economic and Financial Crimes Commission (EFCC), in his testimony, told court how the accused had forged over 30 documents and submitted same to the Petroleum Products Pricing Regulatory Agency, PPPRA, to fraudulently obtain the subsidy for importation of PMS in 2011.Led in evidence by the prosecution counsel, the witness said: “The owner of the vessel, MT Deepwater EX MT Valle Di Castiglia, and the claimed tank farm of discharge, First Deep Water Discovery Limited, denied the usage of their vessel for the transaction and, also confirmed forgery of documents submitted by Eternal to PPPRA.“The EFCC had access to Lloyds List Intelligence and search conducted for themovement of MT Valle Di Castiglia revealed that the vessel was at the Republic of Turkey all through the period that Eternal claimed to have taken PMS from it with MT Deepwater. So, how can a vessel that was in Turkey give products to another vessel in offshore Cotonou?”Giving further evidence on MT Fulmar, Ex MT Emirates Star and MT Panther EX MT Emirates Star, the witness said the modus operandi employed by the defendants to defraud the government was alteration of bills of lading dates resulting in higher costs of importation.He said: “The claimed MT Emirates has a bill of lading dated 28 April, 2011, which gave Eternal a loading cost of about N151.“However, investigation revealed that the actual mother vessel for the transaction is MT GonHild Kirk, which had a bill of lading date of April 3, 2011, with landing cost of about N141.“The government, acting on forged importation documents indicating MT Emirates Star, paid Eternal about N3.3bn instead of N2.9bn. Thus Eternal was overpaid about N300, 000,000.”He added that search on LLyods Intelligence on Emirates Star indicated that the vessel sailed out of Doven Strait, United Kingdom and arrived New York, USA within the period that the Eternal documents claimed that the vessel was discharging its products into MT Fuliman and MT Panthern.The defendants had previously been arraigned before Justice Lawal Akapo on December 10, 2015 for allegedly diverting the money obtained from the FederalGovernment for the purpose of importing Premium Motor Spirit, PMS.Counsels to the accused had subsequently filed a joint application seeking to quash the charge preferred against their clients by the Commission.They argued that the State High Court lacked jurisdiction to entertain the matter on the grounds that the allegations against them were oil and gas related, which could only be heard by a Federal High Court.The accused, through their counsel, had also argued that the prosecution could not establish a prima facie case against them.Ruling, Justice Oshodi dismissed the application and upheld the argument of the prosecution.The judge also held that the prosecution had successfully established a prima facie case against the accused persons and described the application as “premature”.The defence, again, argued that the prosecution did not have the fiat of the Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami, SAN, to prosecute the case.Responding, the prosecution counsel, Rotimi Jacobs, SAN, however, submittedthat he did not have to show the defence if he had the fiat of the AGF to prosecute them.Jacobs further submitted that he could only show his client, the EFCC and the court the fiat rather than the defence counsel.Justice Oshodi upheld the argument of the prosecution counsel, thereby setting the stage for the prosecution witness, Bawa, to give his evidence against the accused.The accused, among others, claimed that they had imported and discharged PMS sometime in September, 2011 at a tank farm in Lagos, First Deep Water Discovery Limited, for which they were paid the sum of N626m subsidy.Also, the accused was said to have received the sum of N595m from the government after claiming to have imported and discharged PMS at the same tank farm in Lagos sometime in October, 2011.Meanwhile, the case has been adjourned to February 26, 2018 for continuation of trial.

court case comes up on 28th February, 8 more days for the court case, this might soon affect their price.

mendes911:
Look at how our MM quietly removed his/her 5m units of flourmills bid and quietly offloaded on other bids.

I love this game though.

I saw it. I tell you wickedness of man

Toluway:

You too like this Toluway
You must always mention him
I'm now born again, again. So, I'm completely at peace with everyone and whatever comments they make

Watch out for a good stock that was highly plummeted and buy cheap. But what about availability of money?
God will provide.

Which stocks are you looking at?
I added more transcorp to my holding @ #2 today.
Just hope I bought the bottom.

leo1234:


Which stocks are you looking at?
I added more transcorp to my holding @ #2 today.
Just hope I bought the bottom.

Why Una too like bottoms?

nio68:


I was one of them even a bus with knocked engine shouldn't move that slow

i love your sincerity though, but you know that slow and steady wins the race. If it moves up swiftly and rapidly, believe me, profit takers will come in and may crash the price to a bottomless pit where you may panic and be tempted to sell at a very lower price.

Agbalowomeri:
Why Una too like bottoms?

You can say that again.

Agbalowomeri:
I saw it. I tell you wickedness of man

That's the reason psychologist's will keep making money.

What is really happening in the market, see blood everywhere. What do we call this bear period?
Maybe CBN policy bear.

We have so far witnesses; Dow bear, Fall in crude oil bear, and after this CBN policy bear, then election bear will surface.

stocks with new 52 week lows
unity Kapital #0.37k
dn tyre #0.48k
regency alliance #0.48k
Niger insurance #0.46k
stock with new 53 week highs
APR #5.05k

We should always be aware of stock market manipulators.

On FMN, their q4 will end on March, meaning that their q4 result will come out on or before 90 days, which will start counting from April to June. So if you are expecting the declaration of their dividend, that should be around June.

what is happening o!!!!!!!!!!!!!!!!! Blood every where

Chibuking81:
We should always be aware of stock market manipulators.

On FMN, their q4 will end on March, meaning that their q4 result will come out on or before 90 days, which will start counting from April to June. So if you are expecting the declaration of their dividend, that should be around June.

...For if u think the bolded is what played out today, then lets just wait and allow time to be the judge.
I like the way the person of Mr TIME play some of his NSE melody. ...I've always said he intoxicates me.

Let's just be patient.