₦airaland Forum

Penboy:
Hmm..
I've learnt to avoid stocks with possible reserve split o.
The shorting no be after after the RS day o..
Toor.

That is why u have to stick to the strategies that works for you, I can trade any stock even if they are going to do RS what matters most is the entry level before reverse split and the numbers of free float after the RS. I mentioned a stock here sometime around last year AKA, I have kid lady friend who I mentor she bought AKA and they did RS as at last time she screen shot the stock she was already on 85% gain after the reverse split. If you enter a stock at 0.70$ the stock gets to 0.20$ before the RS is done and post RS free float is still around 20-30m sure they will shot the hell out of it and and you will loose and even wtout shorting u will still loose because u bought higher before the RS and numbers of from float. If a stock is doing a RS and will have free float of 400-1m post RS is hard to short it down any how rather they pump for like 2-3days then short the hell out of it. Check this stock RENT after the RS the stock has done over 300% reason the free float now around 1munits AKA is even a slow mover with free float of 900k+ check egio has done pump up after RS post RS free float is 3m+ so it depends on the free float figures after RS. If a stock has free float of 400k post RS any little positive info they will pump to 500%. Check HOLO chart in Feb and see the movement it has 1.8m free float and small news triggered over 3000% massive up. For like 2weeks but one thing is it will surely come down so know when to pull out. That was why I stated earlier, Support and Resistance is very key when buying stocks. If I bought at 0.20 and u did at 0.80 they can still pump to 0.30 before RS and I can still gain well after the RS. Typical example I was averaging down FREQ from 0.65 to 43 cent, some one here bought at 0.33 made more money than me after the RS and merger in terms of percentage gained. TCRT I bought at 0.09 they pumped it to 0.27 before reverse split they person that bought at 0.25 can't escape the shorties gun but me don Japa wit over 100% gain

Just looking at FOXO now and possible thing that may happen, they currently have 8m+ total shares and free float of 4m+. Possible scenario:
They will do RS of 1:10 which will bring the free float to 450k units then they will pump to stupor then do dilution before the share price goes down just like HOLO wit free float of 1m HOLO was pumped to 100$ before flogging now going back to 2$. Just assumption oo cos I usually look at worst case scenario. Newbies known when to leave in such case else you becomes bag holders

Just my own analysis ooo

Your DD applies

emmaodet:
Which broker are you using bro

Bamboo

LXEH

Know your entry and exit level


Your DD applies

Guys that knows how to short pls help me short KTRA next week pls, they short it to 0.1110 but recovered and closed at 0.1250 pls shorties help me feed on it on Monday. I want to buy more holding for at least 100% in the next 4months

For the newbies, in this market you have to develop a strategy and stick with it. Am not warren Buffett mine is to make money and nothing else. I called TCRT here here and some one said oh small cap he can't near such stock. The stock gave me 120% before their RS. You must identify strong support level and resistance level first in any stock no matter the strategies you want to use and know when to quit. Pennies still remains my call.

On FOXO, the interim CEO bought 14% of the OS and another insiders bought, they have merger which has not been official (non bidding) if everything is official am sure of 100% here with lower free float of 4m+ it currently has strong support at 0.25, 0.28, 0.29, 0.30. and resistance of 0.45 which it has touched for 3times now. If it brakes that 0.45 0.60 0.91 1.50 it can do 10$ with time.

DD pls

For those that sent me DM pls with all humility I don't have time to respond and not sure I will respond to all, but pls watch the videos of these guys bellow and you will be glad you did.

Tim Sykes
Roland Wolf
The humble trad
Tim Grittany

These are young millionaire who started trading with 1-12k and today they are millionaires. Tim Sykes is the one who mentored them trading pennies
Grittany has retired took 1500 to over 12m in his trading carrier. Pls create time to watch them Please

For newbies, I will advice we give much work here it Worth it. I will take US stock market over and over Nigeria stock. Naija stocks is for the faint hearted US stocks not for the faint hearted but if you put in the work and efforts it will SURELY REWARD you. If I had known about US stocks with the same numbers of yrs on nse, by now I should have retired money will be working hard to produce more money for me in Treasury bills, mutual funds, real estate etc. US stocks you can grow 5k dollars to 100k+ in 2yrs if you know what you are doing. When I started though I fumbled too like having to let my profits go back to the market, holding a stock like naija way thinking it will go up and gradually till the loss got to 50%. @yuk has stated we should not allow our loss get to a certain thresh hold before we quit a position, I learned hard way here. So newbies to get the best here put in work and am sure we all will build generational wealth here.

Penboy:
Thank you drawing us in on this. I think it would be a big one. Though, I'm still researching more on it.

The merger with TuHURA bioscience, who is already in phase 3 of immuno oncology trials and would be an all stock acquisition.

Currently TuHURA is not trading in the stock market and we can't evaluate the company. But even at that, KTRA is about to break out. I think I like the chat.

Like the OP said, DD is vital.

Chart will not really work here for now because each time the stock goes up, the shorties will do their work but few days to the conclusion of the merger they will surely push it up to around 0.20-0.30. when the news came out it has done 120% gain I came it a day before the news came out at 0.10 then moved to 0.2489 I sold to re enter back. That is what shorties always do when FREQ merger news came out it gained 77% I came in early at 0.65 then they started shorting it and I was averaging down they short it till 0.19 I average down to 0.43 then a day to the final conclusion of the merger they pushed it to 0.29 did RS of 50:1 then post merger price 14+ from there it was moving till 98 same will likely play in KTRA

RS of 20:1
Post merger price of $6
KTRA OS reduced to 1.9m
New company dilution of 7munits
OS post merger 8-9.5munits
If they succeed with their cancer drugs and got FDA approval the stock can do $50 with time

Pls this is just my own opinions ooo
DD is the watch word

I don't know how to write again ooo have been the target of bot all the time

Take note of this stock:

KTRA, they are margin with another company, the price is low at this current level in my own view. I mentioned FREQ here when they wanted to merge with korro and after the merger and RS, post merger and RS price was $14+ the stock moved from 14$ to $34 I pulled out at 34$ from 34 it gradually moved to 98$ if I had known I would have not sold. Same will likely repeat it self on KTRA

For those who wants to confirm post FREQ merger ticker name, is KORRO Bio


Your DD applies

Zagee:
Oga @aremso, what did you do to Nairaland bots? They are not really smiling with you oo
.....

It was a sea of red yesterday, likely to continue today.

Patiently waiting on just one positive to send $Foxo to the moon. $CGC if you’ve been swinging(cheers to you). Bitcoin stocks(you should know my preference by now) currently looking attractive.

Patience and caution watchword!!

Am tired of NL bot oooo. If you can have patience on FOXO am optimistic is a win win

Susily:
How do one fund his TradeZero from Nigeria?? Can it be funded via local bank transfer like Trove and Chaka?

I don't think so ooo is with wire transfer and and charges 25$ as transfer charges.

I tried to post for about 3 times now have been banned and my post deleted, any way i won't be posting any stock again going forward. I will only post the results produced by any stock I trade

Just having feelings

FOXO Technologies will have a massive run up


Not investment advice

Your DD

AI stocks is the next bubble in my view

mygee2:
😞

I love such stock like BBAI but you must know how to play it, that is why you don't need to chase any stock once u missed good entry level then wait or look for another stock. Never chase price. Knowing support and resistance level is very important. HOLO moved from $2- $4 from 4-50$ from $50 to $72 just early or mid Feb but currently around $7 so one must develop strategy in this market if not one will be crushed.

sgtponzihater1:
The US stock market is the place to be. It teaches patience, toughness and resilience.

Absolutely bro, not for the faint hearted. All the same I love the market.

Disembark:
Can one buy now

Or too late

I mean BBAI

I have strategies for such stocks when I missed my entry level I don't chase price, until it settles down. That is my own strategies, I have more than 100 stocks on my watch list so if I missed one I check the others if they meet my criteria I then enter

BBAI and the rest I mentioned are on fire!

mygee2:
Seems BBAI is on anedda level

Yes along with:
VHAI
GFAI
CXAI

I think they will all move, they fits in my criteria I look for in lower cap stocks

Your DD

emmaodet:
Which stockbroker are you using? And how legit are they? Can someone register as a Nigerian from Nigeria without any issues?
Does buying stocks on these platforms makes someone a shareholder of this companies? Or we are just trading through 3rd party?

As @yuk said this questions have been answered several times

machine606:
What's your take on BFY and clov?

I currently major on penny stocks and I have what I look for in a stock those 2 stocks does not fit in for me. I play most in the health sector but I want to also look for stocks in health sector that wants to adopt AI in their activities because AI seems to be the future.

Am currently in FOXO Technologies though seems RISKY but apart from revenue issues they are having other parameters fits in for me

Not an investment advice ooo do your DD.

Mentioned OCGN and SGMO here

Both have done more than 200% since then

MARK 264% gain in one day, massive!
To get this on nse may be in 2yrs but certainly not in one week not to talk of one day.