Shorted $TSLA today and made decent profit.

Any way stocks move, money will be made.

Hope you all are enjoying Tesla bull ride.

However, for those in for long term,you need to make the sell button your side chick so as to quickly pull the trigger when the bubble is about to burst.

That is one of the reasons why I dislike stock split.

Willie2015:


Dont know the attraction in Guiness..

It's pump and dump niggas at work

Coolcash1:
Guinness yesterday gra gra don finish.

Coming down to N10.

Bargain hunters who entered based on Peterichy's post to jump out of the bus now!!!

With the poor result, I have shifted entry price to N5

Peter how market? I know you must have sold your position by now and still deceiving newbies to hang on...

Market is lacking volume.

RabbiDoracle:


So when we unify forex rates, we will not go into recession?

So long as we depend on oil, if oil crashes, this matter of devaluation and recession will still come up.

it won't so long there is no capital control that will discourage continuous inflow of FDIs to stimulate and reflate the economy.

Tvegas:
https://www.bloomberg.com/news/articles/2020-08-13/wary-nigerians-spurn-enticing-stock-valuations-amid-naira-risks

This article is worth reading as it confirms most of our positions here.

The FPI guys have been avoiding our market since the beginning of Emefielenomics that has led to wide divergence in official and parallel market rates thereby creating overnight millionaires at the expense of overall national prosperity and absence of clear policy direction. To be honest there is nothing new in the report as the current lull in the market is a testament to low appetite of this guys to come in despite the cheapness of our stocks compared to other emerging markets prices.

Nigeria is at the brink of slipping into another recession and the only way out is uniformity of forex rates.

The reward of success!

Happy sales bro.

Keinding:


On the contrary, Apple at current levels is not overvalued. We talking largest market cap on the bourse with cash reserves exceeding $200b!!!!

I do agree with the " slow it down" part.

Its good to be liquid but excess liquidity is bad. It makes no sense siting on a large pile of cash without using it to generate value for shareholders. Also, the past success enjoyed by the company from the unveiling of their iconic Iphone brands to me, seems to be over due to tough competition and gross imitation by the Chinese.

Therefore, there is need to exercise caution and not be carried away by the old glory of the company. Note that Iphone is their cash cow and if its sales is now threatened by competition and trade war between US and China (with china being their biggest market), your guess is as good as mine.

For me, i still maintain that Apple is overvalued as such the price needs to fall drastically.

DD still advised.

@oakpearl, i like the way you record your trade to track performance. However, is it not stressful for you having to be writing every trade manually when you can use excel.

I will advice you develop a model that automates the recording with very very minimal input.

Let me know if you need help on this as i am ready to share the one i develop for myself.

^{just pay me shikini money... _{kidding bro}}[b][/b].

I pray Trump wins November elections because stocks will go ballistic.

Meanwhile, for those wanting to rush into $JMIA, $TSLA, $AAPL my advice is you slow down and allow mr market do its work in correcting their overvalued prices.

Good morning.

Mcy56:
@coolcash1 or anyone who dares to speak against Guinness when Peter is still inside the bus will have him to answer to.
Better relax and allow him join Wapco bus again.......before you can be on same page.

I know he is inside the bus so he got to shoot down any contrary opinion on it. But my advice is even to those following him blindly so that they don't get their hard-earned money burnt.....

PETERiCHY:


You think this is WAPCO with audio Earnings that is heading back to N9 if in doubt check out the 22m offers with no serious buyers.

BARGAIN HUNTERS TAKE NOTE!

Wapco dark days are over whilst that of Guinness is just starting....Just watch how the offers will dry up.

You better leave ponmo (guinness) and chop meat (wapco)....

Meanwhile, Russia claim to have developed first COvid vaccine.

https://www.rt.com/russia/497671-putin-covid-19-vaccine-first/

Guinness yesterday gra gra don finish.

Coming down to N10.

Bargain hunters who entered based on Peterichy's post to jump out of the bus now!!!

https://www.rt.com/russia/497671-putin-covid-19-vaccine-first/

With this news, i expect market to be bullish today. Focus on pharm stocks is key.

Also, $ASM to release their Q2-2020 results today. Mad bull on the stock expected as result might beat analysts projection due to surge in gold price.

Mcy56:
E Ku market o.

With CBN current currency devaluation, the positive sentiment in the market will persist.......Do you DD.......

*Edited* b4 someone quote me.

Naira still undervalued. There's still forex scarcity. Back log of forex at interbank market remain uncleared by the CBN.

17 months ago Total Nigeria Plc was selling for N190, today its N77 and still falling.

I pity long term investors in NSE.

N1.8m?

Follow the money

sonnie10:
One thing I like about Apple, it does not react to rumor. Still going strong.

Waiting for the stock split to happen so that I can pick up good units for medium term play.

$ASM is the stock to buy. Q2 report to be out Aug 11.

DD still advised.

PETERiCHY:
Based on GUINNESS Q3 2020 results

BOOK VALUE is N40
RETAINED EARNINGS is N20
SHARE PRICE is N13
BRENT PRICE is $45

BARGAIN HUNTERS WHAT ELSE ARE YOU WAITING FOR

peteru, NSEMPA Hype man!

I will go and wait for it at N10

WAPCO warming up to take off.

If you are not in this bus then you don't understand stock business.

currentprice:
@oga naturalflow , jamace , leo123, Salvtionone, justcal, ukay2 , coolcash , mercy and other ogas i forget to mention.

i thank u all for asking after cp while away. was very okay i only follow oga Agba go village and they have no network thru out my stay. i met oga mendes911 at the village too

Happy to have back bro and happy belated birthday.

Hope your sabbatical leave is over and ready to continue making your insightful and revered contributions like other gurus on the platform.

OakPearl:
Ladies and gentlemen, Jumia has started that behaviour I talked about.
How to enter between $13 & $15 before their earnings na him be the matter now.

Allow it pull back before entry.

Is it only wiper you sell. What of their brake pads?

See beast.

The issue with this 2007-2012 GL and ML model is blocked drainage which allows water to enter the car and damage the electrical. This can cost over $1,300 to fix.
It’s a great car BUT only for those who are comfortable and have taste for real luxury not corolla broke ass niggas!

Happy sales bro.

I love wild life. They allow them come to their world because they do not see as threats.

onegentleguy:

Inference:
Unless u are a perfect trader with absolute control of their emotion(fear-greed factor in view), it'll be best to stay off most US-exchange coys
!

Whichever way you Slice or dice it, US market is a market where if you get your strategy right (either speculation or investing) you will be laughing to the bank.

It’s a market where you can be earning monthly cash flow from dividend. Also, enjoy robust and unprecedented capital appreciation on certain stocks with good strike.

The case of Kodak is a normal occurrence in the us market where investors react positively or negatively to a stock depending on the type of news about the stock. A clear indication that the market is efficient.

RabbiDoracle:


Guinness has become an oil servicing company. It is digging for oil. Let's hope they find Oil in August.

Had to take a huge loss of over N1M by exiting when it slid to N15 from N18 without any sign of the hemorrhage stopping soon.

To re-enter when it finds a new support..

Life of a trader!

i need mtn to fall to N100 so that yours truly can enter the bus...