Agbalowomeri:


Bokoto

What about 'Shaki' lol

mercylicious:


Guy u see am?
I don die.

I bought today at 5:18 knowing the power of d mm. I immediately put my sale price at 4% marked up price. I saw d bids. I saw d price go down to 5:12. There was no more bid. B4 I could open n close my eyes, I saw d closing price.
Jeez! I haf died.

Another sure jijo is fcmb.

Mamm, you are very funny. The same thing happened to me on Dansugar on the 30th Jan this year, cant forget the day.. In the twinkling of an eye the price went from -10% to +10%. There and then, NSE closed for the day. Shi kenan.

In the market environment, you have to make the rules to the game and then have the discipline to abide by these rules, even though the market moves in ways that will constantly tempt you into believing you don't need to follow your rules this time. Mark Douglas .

Sokijosh:
In the market environment, you have to make the rules to the game and then have the discipline to abide by these rules, even though the market moves in ways that will constantly tempt you into believing you don't need to follow your rules this time. Mark Douglas .

Plz what are d rules?

hotcake:

Mamm, you are very funny. The same thing happened to me on Dansugar on the 30th Jan this year, cant forget the day.. In the twinkling of an eye the price went from -10% to +10%. There and then, NSE closed for the day. Shi kenan.

Have u considered other end of month deals for dang sugar? It seems some institutions may be using the price to close their books. Just d same way the price of everything DT has to do with fangote and otedollar rise during Forbes ranking .

Anything cooking at becopetroleum? Huge volumes for awhile now.

mercylicious:
Anything cooking at becopetroleum? Huge volumes for awhile now.

Only the hunters can fathom it.

hotcake:

Mamm, you are very funny. The same thing happened to me on Dansugar on the 30th Jan this year, cant forget the day.. In the twinkling of an eye the price went from -10% to +10%. There and then, NSE closed for the day. Shi kenan.

Ma, it probably felt like it. But, that wasnt the case. The intra day range of every stock on the NSE permits a change of +/- 5% at market open to set the reference price. A further maximum of +/- 5% of this reference price is then allowed during continuous trading to give a maximum intraday range of +/- 10.25% of the previous closing price. It is not possible to have a 20% swing. On said day Dangsugar had a low of 5.88 and closed 6.42.

passwelle:

Ma, it probably felt like it. But, that wasnt the case. The intra day range of every stock on the NSE permits a change of +/- 5% at market open to set the reference price. A further maximum of +/- 5% of this reference price is then allowed during continuous trading to give a maximum intraday range of +/- 10.25% of the previous closing price. It is not possible to have a 20% swing. On said day Dangsugar had a low of 5.88 and closed 6.42.

Oga pw, pls check your figures again for the 30/1/2015. Officially it closed at 6.82 opened at 6.28 (some say 6.50?).with official low of 6.18 But in fact it went well below 6.18 intraday and that was what made me to sell at 6.10 (note not 6.18!). This scenario was vividly collaborated by one Dr. Awo of SMN on that day.

"The Manipulation of prices that Goes on in NSE ehn, no be small thing! I finally became a believer after seeing what transpired in Dangote sugar today...

Almost all through trading today, it ranged between 6.18 -6.20. Then about 10 seconds to the end of trading, gbam, over 5 million units traded at 6.82 and, Voila, We have a green day!

NSE I hail o!!!"

mercylicious:


Plz what are d rules?


Have u considered other end of month deals for dang sugar? It seems some institutions may be using the price to close their books. Just d same way the price of everything DT has to do with fangote and otedollar rise during Forbes ranking .

@mercylicious, No I haven't. One may need insider info for this kain thing.

Where are the OANDO fans?

otokx:
Where are the OANDO fans?

we are here, nothing day pa one day one day you know go see buy or cant enter. hope it will go up today.

ihedioramma:
we are here, nothing day pa one day one day you know go see buy or cant enter. hope it will go up today.

Bros next time u speak in tongue, try interpret am, u hear me?

otokx:
Where are the OANDO fans?

They are moody at the moment, waiting for NASS elections today

Agbalowomeri:


Bros next time u speak in tongue, try interpret am, u hear me?

brother chibuking81 is there to interpret and the A's, is like you are among them? .

hotcake:

Oga pw, pls check your figures again for the 30/1/2015. Officially it closed at 6.82 opened at 6.28 (some say 6.50?).with official low of 6.18 But in fact it went well below 6.18 intraday and that was what made me to sell at 6.10 (note not 6.18!). This scenario was vividly collaborated by one Dr. Awo of SMN on that day.
Almost all through trading today, it ranged between 6.18 -6.20. Then about 10 seconds to the end of trading, gbam, over 5 million units traded at 6.82 and, Voila, We have a green day!

Just rechecked the numbers. Your numbers are right, mine were wrong. I quoted 2014 figures. Note that the intra day range is still within the 10.25% aside of the 6.10 which is not within 5% of the opening/reference price of 6.50. I hope the 6.10 figure is not based on your net proceeds? As this will have commissions and charges deducted. If you actually sold at 6.10 on a day Dangsugar closed at 6.82, pls pm me, as I know a lawyer.

@All in the house
Please can any of the Ogas who manage portfolios comment on the maximum intra day range on NSE? @Davide470 @feelamong @elai47 @agbalowomeri etc Thanks.

passwelle:
@All in the house
Please can any of the Ogas who manage portfolios comment on the maximum intra day range on NSE? @Davide470 @feelamong @elai47 @agbalowomeri etc Thanks.

Bros this one na for JIJO masters na. Wetin concern me with intra day range. Sorry I no get knowledge for this one

passwelle:
@All in the house
Please can any of the Ogas who manage portfolios comment on the maximum intra day range on NSE? @Davide470 @feela..mong @el.ai47 @agbal.owomeri etc Thanks.

The below snapshot should suffice..

passwelle:

Just rechecked the numbers. Your numbers are right, mine were wrong. I quoted 2014 figures. Note that the intra day range is still within the 10.25% aside of the 6.10 which is not within 5% of the opening/reference price of 6.50. I hope the 6.10 figure is not based on your net proceeds? As this will have commissions and charges deducted. If you actually sold at 6.10 on a day Dangsugar closed at 6.82, pls pm me, as I know a lawyer.

You can't imagine how much I appreciate your concern over the incidence. Yes, I did sell at 6.10 You will observe that the date is very fresh in my memory. However, for three reasons, I won't press charges
1.They are tasere units
2. I still made a profit althogh it could have been a lot more if I were able to sell at 6.82
3. I am always conscious of investing only what I can afford to lose if it comes to the crunch in this market

If ever I need legal help in this market, I'll know who to turn to.

http://nairametrics.com/skye-bank-ceo-makes-two-key-comments-regarding-mainstreet-bank-acquisition/

Skye to make a decision on being a holdco in 3rd quarter.

This one passwelle is making himself available to hotcake, offering financial and legs services to the hottest female cake in d forum.
Did u see wat am saw?

Buy dangote cement whole at discounted prices... Contact Mr Lucas imonofi for sales enquiries on 08131194284.

mercylicious:
This one passwelle is making himself available to hotcake, offering financial and legs services to the hottest female cake in d forum.
Did u see wat am saw?

Lol, you know every now.
Dexter loves APR, Agbalowomeri loves APR, Myjoy08 loves to buy, Chibu loves to panic and PW loves Cake

passwelle:

Lol, you know every now.
Dexter loves APR, Agbalowomeri loves APR, Myjoy08 loves to buy, Chibu loves to panic and PW loves Cake

Over N100m pumped into UBA already.

Buy oando and go to sleep. Dont say you were not told.

mercylicious:
This one passwelle is making himself available to hotcake, offering financial and legs services to the hottest female cake in d forum.
Did u see wat am saw?

So hotcake is a lady? Oga Passwelle eyes sharp wella

the only fire i see on the mountain of NSE is - volume. Low volume

Saraki now president of the senate
the bulls are coming

hbrednic:
Saraki now president of the senate
the bulls are coming

hbrednic:
Saraki now president of the senate
the bulls are coming

Yes, the bulls are coming especially after i saw over N100m pumped into UBA immediately the market opened..