Mcy56:

You don dey go? I think say you don reach self.

As you never leave bus-stop you better come down from the bus abi you no see bullbearmrk post?
He talk say index don find bottom. Na OYO you dey if you go last last.

Peter don jack his shirt already. He's not going anywhere.....

Mcy56:
Anyone with the link to the new rule please.
I know it must have been posted here. No vex, na now the rule start I wan read am.

Modified: Morgan sent a mail as to that effect. That it would be posted on NSE today. Thank you all.

Let's see how the price range for stocks will impact positively or negatively on the share prices........ observing

A stock can now return 20% in a day. Very very interesting.

mendes911:
Peter don jack his shirt already. He's not going anywhere.....

LOL.
We are all in it together.

mendes911:
A stock can now return 20% in a day. Very very interesting.

....and can shed 20% in a day?

Mcy56:

....and can shed 20% in a day?

I no wan talk that one before I will be called names.

Mcy56:

....and can shed 20% in a day?

Na this one bad pass. One can lose everthing in 5days.
Time to separate nse money from others, make person no pack go village.

mendes911:
I no wan talk that one before I will be called names.

Chai! I can now see why Agba went to the park today. Village things on point.

mendes911:


A stock can now return 20% in a day. Very very interesting.

Which part of the rule say this one ?

Mpeace:
Na this one bad pass. One can lose everthing in 5days.
Time to separate nse money from others, make person no pack go village.

Let's wait for them to roll out the rules first.
I dont expect shedding to be 20% sha, it could be 10% shedding, 20% increase.

...Honeywell on full bid: One of the few lessons I have learnt is to trade fundamentals not news. Why you asked me? I see no reason why HW should not declare more dividend than they did. The only reason is because of the greed of the majority owners. However, I will buy their greed as I have learnt. They make good companies look bad and profit from the market when prices go down. I have learnt!

Guys in the house, I want to open an account with meristem but when I encountered account type, I came across two options: Cash Account and Direct Cash Settlement. Guys, in your opinion, which should I go for and why?

Yayira:


Which part of the rule say this one ?

-/+ 10% during trading (from previous day close).

You could make a purchase at -10% during trading and MM's can drive it to +10% at market close. That's a whooping 20% (before fees).

I don't want to analyse the other side of it before you stone me to death.

oyesola:
...Honeywell on full bid: I have learnt!

Honeywell is on full offer not on full bid.

oyesola:
... Honeywell on full bid : One of the few lessons I have learnt is to trade fundamentals not news. Why you asked me? I see no reason why HW should not declare more dividend than they did. The only reason is because of the greed of the majority owners. However, I will buy their greed as I have learnt. They make good companies look bad and profit from the market when prices go down. I have learnt!

How HIGH can you be this early morning sir?

Mcy56:

Honeywell is on full offer not on full bid.

lollx was waiting for dat

FCMB
- very wide day range to d start of the month . .
- another retest of N2 again ?

mendes911:
I don't want to analyse the other side of it before you stone me to death.

Better dont! No come cause HBP for people here.
Na Peter we go beg to help us order the stone we go take stone you.

fxuser:
FCMB
- very wide day range to d start of the month . .
- another retest of N2 again ?

FCMB should do and join his brother Diamond at sub N2.00. If not for the activities of MM lately, they would have settled down there.

Meanwhile, maga fit pay here today.

...Yes I meant full offer. Thanks for the correction

Mcy56:
....and can shed 20% in a day?

I thought the band was 10% in either direction

Mcy56:
....and can shed 20% in a day?

I thought the band was 10% in either direction

Ugosample:
I thought the band was 10% in either direction

Na mendes911 talk say na 20% for the new rule o. I never read am myself.
....but I've seen it reflected on trading portal for some stocks sha.

Mcy56:

Na mendes911 talk say na 20% for the new rule o. I never read am myself.

Re-read my post and analysis. On entry, you can make or lose 20% in a day but you can't keep making/losing same 20% daily on same stock going forward.

You can buy honyflour presently at N2.07 and it can close the day at N2.51. That's 20%.

oyesola:
...Honeywell on full bid: One of the few lessons I have learnt is to trade fundamentals not news. Why you asked me? I see no reason why HW should not declare more dividend than they did. The only reason is because of the greed of the majority owners. However, I will buy their greed as I have learnt. They make good companies look bad and profit from the market when prices go down. I have learnt!

Interesting

but looking at the price of HW now is nauseating

Ugosample:


I thought the band was 10% in either direction

u wud note that the day range is wider

mendes911:


Re-read my post and analysis. On entry, you can make or lose 20% in a day but you can't keep making/losing same 20% daily on same stock going forward.

You can buy honyflour presently at N2.07 and it can close the day at N2.51. That's 20%.

lolxx nbst ... Day Traders will be happy .
Was looking at zenith day range .. a whole N5 lolx
anything dat encourages volatility , is good for transparency and enhanced liquidity

fxuser:
u wud note that the day range is wider

Yes boss. Japaul for example closed at 36k; today the lowest bid is 33k and the highest offer is 39k.

fxuser:





lolxx nbst ... Day Traders will be happy .
Was looking at zenith day range .. a whole N5 lolx
anything dat encourages volatility , is good for transparency and enhanced liquidity

Am a day trader but this one is scary ooo.

mendes911:
Re-read my post and analysis. On entry, you can make or lose 20% in a day but you can't keep making/losing same 20% daily on same stock going forward.
You can buy honyflour presently at N2.07 and it can close the day at N2.51. That's 20%.

No be same thing we dey talk.
Mpeace, make we beware of this tisha o, he no sabi teach well well. Make person no go fail his subject

fxuser:
lolxx nbst ... Day Traders will be happy .
Was looking at zenith day range .. a whole N5 lolx

Chai! See Zenith!
Lowest bid price 22.50, highest offer price 27.50. All is well o.

Ugosample:


I thought the band was 10% in either direction

Yes, there is the possibility of a 20% gain/loss in any stock within a given trading day.

To illustrate;
Assuming a stock Y closed @ N5 on a market day.
...then given the new rule for a maximum 10% gain or loss, the stock can trade at price bands of plus or minus 10% when it opens for trade the next market day.
This means that the coy can drop to as low as 4.50 (which is a minus 10% loss) or move up to as high as 5.50 (which is a plus 10% gain).
A person who manages to buy at the price band low of 4.50 and sells the same day at the price band high of 5.50 has made an over 20% gain. (5.5-4.5/4.5 x 100% = 22.22%).
...on the flip side, one can also lose up to 20% or more on the same day.

If ur using an online trading platform, u would've observed that there is a 10% price boundary both on the bid and offer side of trade.

I have since highlighted these rules long before now.

Regards.

Mcy56:

No be same thing we dey talk.
Mpeace, make we beware of this tisha o, he no sabi teach well well. Make person no go fail his subject

I never qualify to be Tudet, talkless of Tisha. Me na school cleaner wey dey try arrange night class for himself.