₦airaland Forum

Leezah:
Lol! Indians back home trustworthy, he gives it to his relationship or brother-in-law to run

He's right, you shouldn't be arguing that.

We have more untrustworthy Nigerians than we have of Indians.

Jotrade:
Sold KPTI & EPZM

Why?
When you sell, you give us some reasons in case some of us are holders in the same and may want to benefit from the any ?secret info you have about the stock.
Here, unlike in the NSE, it's we versus America.
There's nothing to hide. And we watch each other's back.

Olaa123:
Aurora

I also have same.
Be prepared to sell this week once you meet you target on or before the house voting.
The fundamentals are not good at the moment, compared to others like CGC.
It's just moving with the news, and may go steeply down with a negative news.
Very good only for day trading and swing trading.

Olaa123:
Please guys what do you think about legalisation of marijuana. I have some pot stocks and I've made some decent profit. Is it time to sell or I should hold on a bit for legalisation of pot. Do you think it'll happen?

It depends on your objectives.
If you're for short term, and like your gains so far, you can sell all or some.
Alternatively, you can hang on and watch carefully the outcome of the voting on legalisation coming up on Wednesday.
Prices will sharply move down or up depending on which side the votes go, and being low cap stocks, the movement could be very steep(prices are already moving up in anticipation of a favourable outcome, but no one can predict the exact outcome).
If you're in for a long term, you may decide to hang on irrespective of what happens on Wednesday, and pray the Biden's administration will bring full legalisation in 2021,

Sapiosexuality:
The response from the other person sounded more reasonable.

It doesn't matter.
Principles have nothing to do 'reasonability'.

Sapiosexuality:
Hello guys, I'd like to understand what this is all about? Where do I start?

Is it profitable?

Is it hard, easy or depends?

Where and how do start?

Can anyone do it?

What amount of money can I start with?

Thanks.

You have posted this twice, and I like the way it's been ignored.
No one successfully starts stock trading like this.
Can't you read through the thread to know what it's all about??
Also, go to 'Investopedia' and start reading. Lots of readings are required.
Thereafter, you can come over here for clarifications.

Intel211:
I have to swallow it then. Thanks.
I do not think fractional shares work on trove. If your money is not complete the trade doesn't go through (from my experience). Is there a way around it? I want to jump on the TSLA train...or is it gone?

Buying fractional shares works on Trove if you're buying at marker price.
It doesn't work if you're buying with a limit price

Lazyyouth4u:
Haba. When did I claim to know more than Buffet? Abeg o. You can continue to ‘learn’ from Warren Buffet quotes and be applying them to an inefficient and volatile stock market like Nigeria’s na . A market where the activities of insiders, speculators and big boys largely determine prices. You are gonna learn the hard way son.

Honestly, I’m more concerned about any newbie that will not know that you are a learner and think you actually know what you are talking about. Then follow the nonesense that you write and lose all their money. If not for that, I wouldn’t bother at all with your naive posts.

But ‘facing my front’ now sir...

What do you even invest in?? What is your line of business?
You attack every idea/suggestion thrown here.
I hope you're not just a student kept off school by the protracted ASUU strike?

TheLionofLasigi:
Hi NLers, I need your advice, Am planning on setting up a hedge fund/private equity fund that invests in nigeria. I have already developed an investing strategy that gives a turn over of 40% per month on average, but I'd like to diversify the portfolio to other investments available in nigeria....not to make this long; I need your honest advice on investing in agriculture, real estate and transportation in Nigeria, although not limited to these, I'd like to know the possible risks and government regulation concerning hedge funds in Nigeria.

Nna, which investment will be able to yield 40% interest per month in that dead economy??

ultron12345:
Hmmm... This is a good point you raised oo.
Nigeria wouldn't be able to increase capacity just like that because of OPEC quotas. Such increase will even cause a fall in prices.

Well, I think Nigeria should go ahead and ramp up production. If opec wants production cuts, those cuts should be targeted at the richer members like Saudi Arabia and UAE. Saudi Arabia has 30M people with quota of 11MBPD while Nigeria with 200M people is given quota of 1.9MBPD. The UAE with 9M people has production of 3.5MBPD. Which kain rubbish be that?

Hopefully, another war breaks out in the Middle East soon so it can affects some oil production facilities there, reducing output from the region. Let us also pray against peace in Libya, before those ones increasing production. Another problem is this Biden. He will now go and make peace with Iran, remove all sanctions, and before you know it, Iranian oil is on the market. Hopefully, the Iranians refuse to return to the nuclear deal as a sign of respect to the murdered General.

This is a very stupid statement. There won't be any war in the middle east, you selfish Nigerian. OPEC is not giving the quotas based on population. If you like, don't start preaching in favour of birth control. Continue giving births indiscriminately until you hit 1billion so that OPEC will allocate 500M bpd to you. You should be happy those countries agreed to stick to their various quotas, despite the fact they can still live very well if crude crashes to below $30 pb. Can Nigeria survive if it sells at below $30, which is what you'll get when those countries decide to go against OPEC and start producing in full capacity? To an average Nigerian, the whole world is conspiring against us.

Lazyyouth Vs Ahib
Outcome: Lazyyouth = Won
Ahib = Disappearance

Lazyyouth Vs TransAthlantic

Outcome = Mutual Destruction = Disappearance for both = Prayers Answered!

moneymanager:
Good day Smart Investors,
Pls can someone help explain to me how our economy is in a recession and GTB stocks just keeps going up and up?
My plan was to wait for it to go down and then buy next year but it’s gone so high as not sure what’s going on.

Also if you could in any way also forecast what’s likely to happy to it next year it would be highly appreciated.
Thanks ��

Those Nigerian banks steal from the people.
I heard they've now introduced charges even for failed transactions.
Where I live, banks hardly make deductions from your money even after transactions sometimes, and when they do, it's always an insignificant amount.

OakPearl:
Day traders, food don done.
Jump in and out of this one.
Don't know why I didn't mention it yesterday.
It gained 45% yesterday, moving from $4.85 to $6.18!

It's an EV, rising on the current euphoria and still has some gas to run some more today.

$AYRO - $6.18

The responsibility to time your entry and exit is yours.
Happy investing.

Already made over 33% in the premarket.
As always, inability to partake in the premarket surgings is a big headache for those of us outside the US.
Most stocks usually start pulling back from the PM gains shortly after normal trading resumes
I wish there would be a way out for us.

emmanuelike:
If you focus on the nagatives alone. U won't start anything. Including driving a car or flying a plane. I use Trove nd chaka in Nigeria. Chaka is fair too. But not perfect.
Even Robin Hood in d USA is not perfect.
Just start.

If u are a day trader uses 212nfor day trading. I use Trove to keep my long term (dividend focused stock) I'm still working on getting my 212 for day trading. I'm using chaka for day trading now. But fees dey chop my head. Bamboo na no go area for me.

Have you been able to receive any dividends so far via the Trove app?
I once complained to them about not receiving any despite the company announcing it's dividend payment to investors, but there was no satisfactory response from the Trove guys.

ednut1:
You are yarning crap. Rich foreigners like Indians, Chinese, arabs still suffer racism. Many white people are not rich either and live oay check to pay check. Many of the Nigerians who studied in the uk from 1990s to 1960s were rich and still suffered racism

Between May and now, only 2 mad people(probably you and one other mad folk strolling aimlessly through nairaland) liked you comment, in comparison to that of the OP.

Should that be of any concern to you, bros??

optimusprime2:
The best skill you can have, is common sense

That's not the answer the OP needs.
It's your type that usually travels with "common sense" as their only skill and then engage in crimes abroad, thinking they're smart, and soiling the country's image.
What's the "smartness" in robbing and scamming/duping people?
If you don't have any skills, please, do not dream of travelling, because the Nigeria has already had enough bad image from idiots like you.

Thank God many more people are now recognizing that skill acquisition is a necessity for travelling.

talk2tonie:
Thanks bro

Already making over 18% in premarket!
These PM and after hours markets are big cheats on us who are outside the US
In most cases, the PM gains gradually come down during normal trading hours after skyrocketing in the PM.
Same applies to unfortunate news that crashes the price during PM or AH periods, while we watch helping, waiting for trade to resume before we can sell.

Is there a way we can participate in the PM and after hours(AH) tradings?

Brandonx:
Really? What type of house can one build on such? A bungalow?
When I can get 100 by 200 for 800k in Benin

Doesn't location matter?

The concern should be whether this said estate is in a developed/developing area or in the village.

OakPearl:
I remember buying Li $16.78 in July and hurriedly selling in August at $16.57 just to jump into another opportunity!

I would have been 111% up by now.
This is not a regret post, but a reminder of the various opportunities that we have to create wealth for ourselves.

Wow, 111% would have been great. But such is life, and we move.
I entered yesterday at $34, and will be watching to see how it goes.

How I wish these our religious leaders, who "see" election outcomes in Nigeria and overseas, could also be able to "see" and tell us which stocks could appreciate like this in a given timeline.

Jayjaycee18:
Big trading day ahead for the EV sector with Tesla's ($TSLA) final inclusion to the S&P500 effective Dec 21st and $NIO's 3Q2020 earnings call.

Good.
LI is also making some upward moves after being upgraded to $45 yesterday by the same notorious Citron that dealt with NIO on friday.

It closed at $35.55 yesterday from $31.33.

RedScorpion:
Conspiracy theorist.....

Are you saying people are not traveling out of Nigeria at the moment ?

When your mind is evil, you would think every other mind is evil like your own.

That's to tell you the kind of person giving advice here to his fathers and mothers!
He didn't even know borders have been wide open for months now.
If you check well, you may even find out he's just a secondary school boy sent by his father to go charge his phone at the neighbor's house, and he decided to give us some wonderful "financial advice" while the phone is still in his possession.

PaulThor:
.
Do you not see the ploy? If office are eliminated, how are you going to hold them responsible should anything go down? I think Covid is the only thing helping us here and making him talk. Once broader is opened, the likelihood this man will flee is over a 100%
.

In Nigeria, every one, including idiots, claim to know every thing.
If that's, why's the country in a mess, with no form of creativity from both the government and individuals?
Why do you guys care so much about other people's money?

Coolcash1:
Obviously, Citron is looking for opportunity to enter hence the terrible price target. Although I am a day trader but do swing trade some good stocks for maximum RR like $NIO. This made me do some research about the company and the fundamentals look pretty solid. Thus, I do not see their ER falling short of market expectation rather the opposite which if this is the case the journey to $70 price target by December has just started.

Even hedge funds and institutional investors are either taking or increasing their position an indication of positive market sentiment in the stock. For instance, ExodusPointCapital Management Ltd, Allianz Asset Management etc increased their ownership stake in the stock.

Nevertheless, we allow mr market do its thing.

Enough said.

Good response!
Let's watch and see how it goes, sha
It has started making attempts at rising up again.

Coolcash1:
I hope you took to this advice

Even with Citron's negative campaign and prediction of a downtrend to $25?

If the ER on Tuesday fails to push it up again, then Citron may eventually win.

[quote author=TransAtlanticEx post=96034714]
I like your jumper @ dp,its very nice.
The only unfortunate thing is that an old woman had to die for you to have it(the cloth) to wear,you know,unto free asoebi for boys weh dey pack chairs for mama burial na
I wish we can meet someday,I'd like to test your confidence

So, you needed to first check his profile before replying him?

In order to build up your confidence?

Spycroc:
Still waiting for your comments

Why would anyone take a loan with an interest of 24% per annum in an economy like that of Nigeria??

Where will he/invest it, and at what profit??

All you guys are bloody shylocks.

RosyIsBlessed:
U are absolutely jobless, can't you see? U practically sleep on this thread 247, lamenting on people's investment and leaving your life stagnant. What a waste of life. I mean I see no reason why I should waste time on a thread I'm not a part of. More like cheating myself. U and that advision of a guy are jobless.

I will advise you both to come work as my gatemen as you have nothing useful to do.

Their life baffles me.
After wasting their whole day here, they go out in the evenings looking for phones to steal.

Why's NIO going down after rising 10% today?

YoungBuffet:
sombro that left his tb thread to be monitoring thread up and down, continue monitoring rodent.

He doesn't even make any reasonable contribution in that thread.

What meaningful thing can an Ogogoro freak contribute?

Harvestock01:
What does he now do with the N1 million?

He can buy cows and share to his village people this Xmas.

Who knows, one of these days they may ask him to go represent them in Abuja.