₦airaland Forum

Michael11stock:
APRIL FOOL NA HIM NSE DO UNA, I WAS SAYING IT LAST WEEK THAT TRANSCORP SEE U AT 6 OANDO 30 SOME PEOPLE DEY DOUBT

You a just a master guesser and BTW, it's still dancing skelewu @ N2.60 whereas i sold @ N2.77 ON 18FEB2015.

Good morning @ all.

For those with the prediction that USD would soon exchange for N250/N300, my advise to you is to change all your savings and unearned salary to USD and leave NSE for those who still want to trade. With that you can make a SURE 20% ROE in few weeks time (Gteed in your mind but not in reality)

Kevostica:
Uba on fire

which UBA?

FO declares 250k dividend per share in '14 Audited result,(SP:N222.00k)

http://www.proshareng.com/news/26048.html

http://www.businessdailyafrica.com/Stockbrokers-to-stop-trading-at-NSE-for-a-month/-/539552/2629038/-/wjh73i/-/index.html

With this news, expect return of foreign investors to NSE aad a bullish period ahead.

Processor01:
Thanks for helping. I quite understand that part but I am particularly interested in knowing the reason behind such limits - is this an NSE rule to prevent a share from a free fall?

Basically NSE stance IMO. I picked some JBERGER shares this morning @ N38.15, FINGER X

Processor01:
Please can anyone kindly explain the error below;
295: Trade rule - Price limit exceeded (price cannot be less than 1.93)

It means you can't set your[b] 'BUY' [/b]price below 1.93

@all, a look at JBERGER stock won't be a bad idea. My premise is based on the fact that the share is trading farrrrrr below its 52 wks LOW. Greenish mode will be activated soon IMO

@FrankTalk1, Thanks for the insight. #emotionalattachementtostock. Gracias

rebekah2011:
Surprised that nobody is asking the variety of this persons' portfolio. Ability to wriggle out of this mess is a function of the kind of stocks your friend is holding.

You are so on point.

@FrankTalk1, Cutting loss @ 8% is easier said than done. I have been in this shoe b4 and i know it

I've sold all my holdings including the Diamond bank stock i bought yesterday. I am home and dry. #loving myself. No loss, few gain.

I'm out of Oando @ N14.89, BOUGHT @ N12.91 yesterday also out of Transcorp @N2.77, Bought @ N2.31 on Monday. I'm exposed only to Diamond @ N3.57. Cheers

Afo1k:
the male cattle land for market, irregular frequency follows...when the bear returns they doubt their principles and start shifting goal post

LMAOOOOOOO

@cuteboy2- Very good analysis but you failed to mention the effect of rising brent crude in your analysis ALSO i quoted this from your write-up "Many have large portfolio of foreign denominated bonds and other debts. Some are highly exposed to petroleum sector debts. If the foreign debtors call in the debts they are in trouble". These kind of equity forms the bulk of banks Tier 2 capital which has defined terms and agreement on return, tenor, rate etal (irrspective of staus of P&L of the institution) which is 'sacrosanct'(latest terminology in town) so on no occasion will any investor call in their investment b4 due date.

@all, don't take today's trade as a sign of any reversal on NSE. I just believe that it's giving opportunity for some guys to recoup their lost cash and not necessarily for some1 to go all out and take position except your RISK APETITE is HIGH. My 1 cent.

Like I said last week, i predicted starting from yesterday that Market wud likely return green owing to majority of stocks trading below 52wks low and not on any other analysis, macroeconomic or socio political-fundamentals. I don't agree with myjoy08 position above.

I entered Oando this morning @ N12.91 and it's making a lot of sense. A diamond bank entry @ less than N3.64 will be a good 1 too, i entered Diamond few mins ago @ N3.57, finger XXXX

bigass:
Some ppl are very coded. A friend of mine withdrew her money from stock market in August. Converted them to dollars at 165 now shes is sitting on 27%gain. She withdrew about 12million.

That is no big deal cos some guys made more PROFIT (>27%) on NSE in DEC alone talkless of other months prior to DEC.

kotlass:
Your crystal ball might need some cleaning. I hope the side that gave you the view for next week Monday was clearer sha.

U are just opening your 'UNCOUTH' mouth anyhow. U better take it easy and i'm sure people like u hardly invest up to N0.1M

MiCarino:
Transcorp losing 8%

I predict a +ve closing price for Transcorp @ the end of the day and a greenish week starting from next week Monday. If you can, better take position on few stocks today

MiCarino:
What stocks are you looking at?

Mehnnnnnnnnnnnn, i'm just passing by........

FrankTalk1:
Thanks bro. Good advice. But some experts advice setting and selling at a stop-loss point of 6 - 8% loss. With a view to re- entering at a much lower price should the bear continue. What do you think?

It depends on the entry price and Risk appetite of the investor. Thanks to Morgan Capital's negligible Fee also

My advise to those @ the receiving end of this BEAR is to HOLD on and not sell for now. If you are a good student on NSE, you will discover that after BEAR of few days, BULL will definitely surface. I won't be surprised if we see Rally by Thursday

@FranklinRich - Smart investors will still make money irrespective of the condition - that is the IRONY of it

immanuello:
you are very right, have been careful not to be trapped cos the exposure of banks to oil and gas and more stiff environment is a serious concern on banking stocks. But man must be make profit and being smart enough not be trapped.I have been careful of banks that are too much exposed. d likes of skyebank,uba, fbnh can not survive.

How do you mean by 'they can't survive'? Have you heard of Hedging, Options and other derivatives b4? Most of those big banks (UBA, FBNH, ZENITH) hedged 80% of their Oil and Gas exposure and the effect of drop of global Oil Prive have lil or no effect on their assets. I don't have any exposure in bank shares for now but i think the reason why most of shares are trading below book value is MAJORLY hinged on POLITICAL/Country Risk (Uncertainty on next election) as a whole

myjoy08:
Transcorp
Flourmill
Afriprud
Presco

DID i hear you say Presco? For the upcoming stock market traders, you better hold your cash and not fall Mugu of this flash called BULL in the midst of serious BEAR

alpontif:
I give up.

You did the right thing and it is a sign of maturity.

I read the whole episode btw you and CityNG and i was shaking my head in disbelief at his response even when you tried to play it down.

Pls continue to do what u know how to do best. Cheers

I'm out of FCMB, i bought @ N2.03 on JAN 23 but out today @ N2.10 (No gain, no loss). I can confidently say I've tried as far as JIJO is concerned. I'm taking the back seat for now. This market is heading to an unknown destination, when u think it has bottomed out, that is when some so called "stocks with fundamentals" will start their break dance. Enough is Enough till after election.

lol @ Advanced kalokalo

bigass:
This is my week of massive JIJO.......Amen!!!!!

Check your mailbox plssss. Pls tell us where the pendulum is likely to swing, don't chop alone ooo otherwise.................................

@Kagame-- well said, i can't but agree with you. U stated a convincing fact. Please we need you more on this platform. Enjoy the rest of the weekend. All the same, I still make few profit here and there aspa JIJO level especially on ACCESS and FCMB stocks (High Risk, High gain)

@Kagame----The NSE status as at now has defied all LOGIC, MARKET INTELLIGENCE and INFORMATION as u stated. I'll advice you to state your prediction on NSE or better still operate at SAFE MODE than for u to have a GO at Chibuking (JIJO master)

As for the end of the month activities due to influx of worker's salary, i know it used to be in times past but can't say anything on it as at NOW. Mayb Chibuking is more privileged than some of us

Charlesnerd:
Nigerians are in for a real long thing.....lol

Big big wahala.

GBP is N305. Anyway i bought tasere unit of FCMB @N2.03 aspa JIJO level hoping to dump it on monday @ N2.20