₦airaland Forum

lancee:
Am here bro , was busy increasing my stake .. hoping for a BULL one day so I won't be left out

Aks:
I'm sorry, you are just dancing round and round @Manonamission - You are spot on.

Manonamission:
Not sure I get it. When you take profits after,say a 25% increase and a trader who mistimes the market buys from you hoping to realize some gains only for the market to take a sharp turn. If he ends up taking a haircut,what word would you prefer to use in place of misfortune?
Anyway, aside NSEMPA, there's nothing brotherly about the stock market. Eat or be eaten. It's survival of the smartest.

Primetech:
Keep ur fingers crossed

Manonamission:
@Angelo82; Your post about profiting from the misfortune of others cracked me up. How else does a trader make profit from the stock market? Think about it.

inspiredm:
Lol, Oga Police Officer, You swore to an Oath to Serve and protect with Integrity.

CHANGE is Here.

mercylicious:
The bday is a special bday , only for agbalowomeri.

mercylicious:
Ur questn has been answered previously. it will happen b4 d next 3months.
@ all, shine ur eyes. Guys are still making money, but u need to concentrate to make DT happen.

Agba my love, tommorow is my bday. What are u buying for me?

Chibuking81:
please when are we expecting the bull?, how soon?, is it today, next week, next month or next year?.

drtonyo:
Once again please quote first before writing your comments.

As regards the bolded, Price floor affects all stocks not one stock in particular. I have lots of cash tied down in several stocks trading at 50kobo but I cannot sell. As the adage goes half bread is better than none

Taking losses is a part of stock investment

drtonyo:
I think it will start tomorrow ( i stand to be corrected)

drtonyo:
Sir,

Here is the full text of the statement for your viewing pleasure....

RULES AND REGULATIONS GOVERNING DEALING MEMBERS
AMENDMENTS AND ADDITIONS (VII)1
ARTICLE 100A: PRICING METHODOLOGY - PAR VALUE RULE

(1) Notwithstanding its par value, the price of every share listed on The Exchange shall
be determined by the market, save that no share shall trade below a price floor of
one Kobo per unit (N0.01).

(2) “Par value” is the nominal value of a share as stated in the Memorandum of
Association of an Issuer.

(3) “Price floor” means the amount below which the price of one unit of a share shall
not be permitted to trade, and the minimum amount which must be paid for a
share in the event of a drop in the unit price of that share.

drtonyo:
Firstly Sir Angelo82, kindly quote first before posting comments. It makes your point clearer...

Secondly, You don't seem to understand the concept of par value . It has nothing to do with prices of shares trading above 50 kobo like unity which is #2.60

You may wish to download and read the file attached to the original post. Cheers

sophy17:
[/b]

Here we go again.
The man who knows tomorrow.

myjoy08:
Sir, stop living in a state of emotional exasperation (of stock market) lol...the reality might be far from your prediction and rushing to sell your stocks is not a good option in this case. Be greedy when others are fearful is the watchword lol

PETERiCHY:
That's the game changer and the best news in the history of NSE.

mercylicious:
R

I sold 1/3 units of my betaglass at d maximum allowable price for d day - Thank you Jesus.

I wouldnt HV sold BT I needed to free up some cash for another deal

Caveat: watch before u leap in d banking stocks. I expect it to go lower.
My eyes are on forte oil, afriprud, ubacap, etc

Access interim div loading, BT am afraid, e be like say dem follow for d banks wet amcon wan offload their shares.

Driver, plz take me outtta here. Vrooooooam!

Chibuking81:
Bear in action!

Aks:
I always laugh when i see guys counting their gains in volatile stocks like Costain, Eterna, ABC trans, Vono etal. Banking on these kinda stocks is like dancing on a thin rope. Profit taking is not guaranteed cos of the low volume of transactions unless you are extra smart and not greedy