UACN

am I seeing a breach of our #11 support?

technician abeg, make una help

RabbiDoracle:
To the newbies:

You have never seen driven a car before and you are given a car, will you jump into it and drive the car at once? You will panic! You could crash immediately!

Why then should you just come into stock market and want to drive off? Without knowing the 'controls' that will aid you to move? Without having the knowledge about the market? You will panic! You could crash immediately!

Leave the market at once and go and study. After studying and asking pertinent questions, then you can be sure that you understand the market very well and emotionally ready to battle in this arena. On this arena, you can gain fast and lose very fast.

If you are promised lots of percentages if you invested for 1 year, ask them about those who bought Fidelity at 4.3, FCMB at 3.60, Zenith at 40, GTB at 56, in early 2018. Till today, they are yet to recover. This brings to fore the question of PATIENCE! Will you be patient enough to wait if your capital erodes rapidly or will you sell at a loss?

You could be lucky and enter a stock and in 1 week, you are at 50% gain. As a newbie, you will want to go for the same stock and buy higher hoping that it will keep rising, the experienced ones will be selling by then. And you will be the one carrying their kaya(loads of shares).

You need tons of knowledge about the workings of this particular market, timing of entry, and control of greed and fear. You can learn the first 2 by studying but you can't learn the last (control of greed and fear) by stuyding.

Always learn from the experience of others so that you can be alive to tell the tale!

No one is above mistakes in the stock market. Just that with time you can minimize your mistakes.

However, experience is the best teacher. They can't minimize their mistakes, until they start trading.

There's always a saying, as a beginner "TRADE WITH MONEY YOU CAN AFFORD TO LOOSE"

Mcy56:
I love what I'm reading from my ogas on top today, not "your shirt will tear" kind of.
Oga Rabbi, Agba, Oakpearl and Pa Emma, More grease to your elbows.
Those contributions were educative and insightful.

Thank God my oga RabbiDoracle is now talking like grandpapa. ...no more T-shirt tearing I was tackling him earlier because this may scare potentials good investors in this new decade. ...

Just imagine Ogas like Emmanuelwumi, Wanajo, Bigjay, Rabidoracle, oakperl, Peteroooo, currentprice, onegentleguy, Rebecca, Pluto etc were scare with T-shirt tearing in their newbies days, we would not have wealth of investment information we are sharing today....

.....we need one another to survive. ...let's not burn bridges. .

....well done oga RabbiDoracle

Lookandlaugh:
Please, does anyone knows what has happened to GEOFLUID stocks,they did private placement in 2008.
Any information about the company,either good or bad.
Thanks.

That stock was among the stocks promoted by Abayomi Obabolujo in those days (around 2007 or so). I remember going to Abayomi's office then at Onipanu to buy 50,000 units at N5 per unit (that is totaling N350,000). The one that pains me most is that a friend of mine also bought 60,000 units simply because he saw me buying and thoughts the future of the stock will be bright. Japaul was the basis of comparison then as Japaul was selling around N12 or so.
The truth is that buying Geofluid then was a mistake, but I have since move on. They have a registrar which I cannot remember now. So, you can find out any information you want from the registrar.

Lol....You guys should not be too uptight. "tear shirt" is a figure of speech and intended to be humorous.

When he used terms such as "smell moi-moi when dem never grind beans" and "Share price wey just take break for Ore to drink red bull before advancing" , nobody complained o because portfolios dey enter green.

kolaish:
That stock was among the stocks promoted by Abayomi Obabolujo in those days (around 2007 or so). I remember going to Abayomi's office then at Onipanu to buy 50,000 units at N5 per unit (that is totaling N350,000). The one that pains me most is that a friend of mine also bought 60,000 units simply because he saw me buying and thoughts the future of the stock will be bright. Japaul was the basis of comparison then as Japaul was selling around N12 or so.
The truth is that I investment in Geofluid is a mistake and I have since move on. They have a registrar which I cannot remember now. So, you can find out any information you want from the registrar.

N250,000 you mean?

Mcy56:
The bids were more than offers in most of the banking stocks.
Are we going to witness reversal from the pull back? Only time will tell............. we keep observing...............
Not a recommendation

They laughed at me when I talked about access and others new support.

I wonder ooo, maybe some people think that the banks would go lower than August price.

We are watching though

bigjay01:
UACN am I seeing a breach of our #11 support?
technician abeg, make una help

All I see is temporary pullback to 10.65........may reverse back to 11 soon..........................................No vex say I no be technician sir.

Mcy56:

All I see is temporary pullback to 10.65........may reverse back to 11 soon..........................................No vex say I no be technician sir.

Please madam, let the pullback begins, so as to carry more passengers like us...

bigjay01:
UACN

am I seeing a breach of our #11 support?

technician abeg, make una help

Its a typical market pattern-ups and downs, not straight line graph.
Make mistake come down to my junction and I load more.
NOTE: This is not a jijo stock for me oh...am in for the long term.

ukay2:
Please madam, let the pullback begins, so as to carry more passengers like us...

Lol. E don come and go for the stock.

veecovee:
They laughed at me when I talked about access and others new support.
I wonder ooo, maybe some people think that the banks would go lower than August price.
We are watching though

Pastor is really charging o. You are fast becoming a technician too.

CashDiMkpa:


N250,000 you mean?

I actually bought 70,000 units at N5. it was a typographical error.

ChybuzzDD:

Thanks a lot for this information
Which materials/sources would you recommend for the learning process?

To succeed in the stock market you need knowledge, far more knowledge than people realise and also experience. Without adequate knowledge/financial literacy you are only going to crash. So what I advice is:

1. You need to first understand what shares/stocks are and how the stock marker works. This is very important. Go online and look for books that explain how the stock market works in simple terms. You can try the one in this link https://zerodha.com/varsity/module/introduction-to-stock-markets/ pls note I haven't read the book and the author is Indian so he will be talking about the Indian stock exchange. But the principle is the same across the world.

2. Decide if you want to be a fundamentalist or a technical trader. A fundamental investor analyses the companies financial results and looks for good, financially healthy stocks to buy at prices lower than what they are worth. He buys to hold for a long time and enjoy long term capital appreciation and/or dividends. He may also sell if prices rises to a level he feels the stock is over prices. The technical trader on the other hand uses technical analysis (just like forex trading) to analyse stock charts and take advantage of short term trading opportunities, buying low and selling high. So decide which side you want to belong and study along that line. You can also combine both strategies. Some do it here.

For a basic intro to fundamental analysis download and read this https://zerodha.com/varsity/module/fundamental-analysis/


For a basic intro to technical analysis download and read this https://zerodha.com/varsity/module/technical-analysis/

3. Do yourself a favour and read the first 50 pages of this thread. Then you can read the last 50 pages of this thread too and from now on keep following the thread. A lot of useful information can be found here and some of your questions will have already been answered here.

4. LAST AND MOST IMPORTANT DO NOT PUT A KOBO IN THE STOCK MARKET OR IF YOU MUST, ONLY A SMALL AMOUNT YOU CAN AFFORD TO LOSE TILL YOU HAVE STUDIED AND HAVE AT LEAST A FOUNDATIONAL KNOWLEDGE OF WHAT THE STOCK MARKET IS AND KNOWLEDGE OF FUNDAMENTAL AND/OR TECHNICAL ANALYSIS.

Give yourself time. The stock market is here and is nor running away. When you eventually start trading you may make a few mistakes but these will be minimised if you have a good grounding from your studies. As your experience grows you will only get better.

Good luck.

bigjay01:
UACN

am I seeing a breach of our #11 support?

technician abeg, make una help

Wait till market close
11 was always going to be a strong long-term resistance/support
It is healthy

Agbalowomeri:


Wait till market close
11 was always going to be a strong long-term resistance/support
It is healthy

Many are bullish on that stock just because of Agba
The day you will disembark from the train will be interesting.

I just hope you will inform the house when you are selling so that many will not regret their move

I'm immensely grateful! God bless you.

To succeed in the stock market you need knowledge, far more knowledge than people realise and also experience. Without adequate knowledge/financial literacy you are only going to crash. So what I advice is:

1. You need to first understand what shares/stocks are and how the stock marker works. This is very important. Go online and look for books that explain how the stock market works in simple terms. You can try the one in this link https://zerodha.com/varsity/module/introduction-to-stock-markets/ pls note I haven't read the book and the author is Indian so he will be talking about the Indian stock exchange. But the principle is the same across the world.

2. Decide if you want to be a fundamentalist or a technical trader. A fundamental investor analyses the companies financial results and looks for good, financially healthy stocks to buy at prices lower than what they are worth. He buys to hold for a long time and enjoy long term capital appreciation and/or dividends. He may also sell if prices rises to a level he feels the stock is over prices. The technical trader on the other hand uses technical analysis (just like forex trading) to analyse stock charts and take advantage of short term trading opportunities, buying low and selling high. So decide which side you want to belong and study along that line. You can also combine both strategies. Some do it here.

For a basic intro to fundamental analysis download and read this https://zerodha.com/varsity/module/fundamental-analysis/


For a basic intro to technical analysis download and read this https://zerodha.com/varsity/module/technical-analysis/

3. Do yourself a favour and read the first 50 pages of this thread. Then you can read the last 50 pages of this thread too and from now on keep following the thread. A lot of useful information can be found here and some of your questions will have already been answered here.

4. LAST AND MOST IMPORTANT DO NOT PUT A KOBO IN THE STOCK MARKET OR IF YOU MUST, ONLY A SMALL AMOUNT YOU CAN AFFORD TO LOSE TILL YOU HAVE STUDIED AND HAVE AT LEAST A FOUNDATIONAL KNOWLEDGE OF WHAT THE STOCK MARKET IS AND KNOWLEDGE OF FUNDAMENTAL AND/OR TECHNICAL ANALYSIS.

Give yourself time. The stock market is here and is nor running away. When you eventually start trading you may make a few mistakes but these will be minimised if you have a good grounding from your studies. As your experience grows you will only get better.

Good luck.[/quote]

bigjay01:
UACN
am I seeing a breach of our #11 support?
technician abeg, make una help

It's likely to drop further but not below #10 support.
#11 support has been tested and was easily broken hence the pullback.

pluto09:



Many are bullish on that stock just because of Agba
The day you will disembark from the train will be interesting.

I just hope you will inform the house when you are selling so that many will not regret their move

My brother it can't be because of me o
I have said I am not disembarking for less than 20, isn't that good enough info?
People are always paranoid ni, I do what I say

Any news about FO.
Cc: oga Bomboclad

FO on full bid.....

Some T bills will be maturing tomorrow ..Watching if some go find way come mkt

Princkez:
FO on full bid.....

The price will not change if there is no bulk sale of 100k units at once.

I do not even know the type of full bid this one be sef.

Jejebabaa:

The price will not change if there is no bulk sale of 100k units at once.

rebekah2011:
I do not even know the type of full bid this one be sef.

that has been FO style

Dividend hunters gradually taking position in UBA, Zenith, GTB and Fidelity.
FO........needs 100k to move its share price up by +10% for today. 100k bid on ground at N19, needs attention.
Investors skeptical and playing safe at fcmb, bids queue up bleow 1.90

Caveat: This is purely based on observation as trading is ongoing.

Updated: FO moved to N19 already. ...............
I dey suspect someone here Oga bigjay or Prinkez or jamace Abeg na joke o.

Jejebabaa:

The price will not change if there is no bulk sale of 100k units at once.

Just 50,000 units is required to move the stock and not the bolded.

This Oga has been away for too long. Even Nestle and Newgold will need 100k units now.

kolaish:
Just 50,000 units is required to move the stock and not the bolded.

rebekah2011:
This Oga has been away for too long. Even Nestle and Newgold will need 100k units now.

pluto09:
Many are bullish on that stock just because of Agba
The day you will disembark from the train will be interesting.
I just hope you will inform the house when you are selling so that many will not regret their move

Oga Pluto, so you believed Agba is responsible for UACN movement?
Well, maybe he influenced it but with the analysis done, I think its beyond Agba's call..............dont mind me, I no sabi anything o. Just my opinion.
Peter would have jumped out to reply you by now but he don carry his loot commot.

Mcy56:
Dividend hunters gradually taking position in UBA, Zenith, GTB and Fidelity.
FO........needs 100k to move its share price up by +10% for today. 100k bid on ground at N19, needs attention.
Investors skeptical and playing safe at fcmb, bids queue up bleow 1.90

Caveat: This is purely based on observation as trading is ongoing.

Updated: FO moved to N19 already. ...............
I dey suspect someone here Oga bigjay or Prinkez or jamace Abeg na joke o.

no be me, I took position @15ish tey tey.
am ready to play the long game.
someone sold at #66, i must follow

Mcy56:

Pastor is really charging o. You are fast becoming a technician too.

Say we too dey keep quiet no mean say we no sabi anything ooo