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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 5:36am On Oct 04, 2023 |
DrAkpamudehe:If he does that he may latter be accused of Monkey Hunting. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 8:44pm On Oct 01, 2023 |
decargne:Yes. I am an example. For the first time, I filled and submitted my e-mandate form last year with the intention to experiment it, and in less than two days later my Sterling Bank account which I entered as my preferred receiving account was flooded with multiple years dividends from companies NEM, AFRIPRUD, HONYWELL, ACCESS, COURTVILLE, and even others like CCNN and UNION DIAGNOSTICS which had even been delisted. If Africa Prudential Registrar happens to be the registrar to most of the stocks from which you are expecting dividends, then your stress will be minimal as you don't need to go to their office at all but fill the form right on their website and submit it without having to print out at any point, and in less than 48 hours credit alerts will flood your phone. 5 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 5:40pm On Oct 01, 2023 |
Mpeace:TRANSCORP HOTEL was too illiquid for years and I think that is why its rally doesn't thrill traders and core jijoists. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 10:50am On Sep 29, 2023 |
moneymanager:Seems you just love bearish trends. Anyway, the market now seems exactly your way. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 12:06pm On Sep 28, 2023 |
To all those in OANDO bus, both newbies and oldies, there is no need to fret or fume. While I myself am not in the bus courtesy of its unpredictability as well as TRANSCORP's as I have always maintained here, I am strongly of the belief that the good figures we see (genuine or cooked up) in the last quarterly result will, together with the average Nigerian's sentiment that a major interest in it is now the occupant of Aso Rock and head of some cabal, push it back up in few weeks or even days from now provided the delisting plan doesn't succeed. Those of us who have been in this market for over 20 years now can remember vividly how the knowledge of Obasanjo being a major interest in TRANSCORP as sitting president supported the price of the stock at N7+ throughout his incumbency despite its not too attractive fundamentals back then 4 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 7:31am On Sep 28, 2023 |
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 10:29pm On Sep 26, 2023 |
ebuka1997:That is my greatest lesson in all my time so far on NSE. The time when NSE was largely an investment outfit is gone. It is now more of trading platform. I have held many stocks and ended up regretting. None of them gave me a reason to be happy on the long run, not even the supposed blue chips. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 2:56pm On Sep 26, 2023 |
wanaj0:Yes, I can relate. Timing the market is like gambling. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 2:21pm On Sep 26, 2023 |
wanaj0:The response is on the premise that one could accurately time the market as the other monicker suggested, and that is why I mentioned clairvoyance. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 2:12pm On Sep 26, 2023 |
Zagee: As for Geregu, even the best SA expert couldn't have ever imagined the news of dividend hope or even the mere 5% stake acquisition by a foreign entity to have been able to push it from N100 to a whopping N300+. Only Spiritual Analysis could have revealed such. On DANGSUGAR, only a person 100% new to the stock market in all ramifications wouldn't have been able to tell that the Dangfoods rumour becoming a reality would definitely drive DANGSUGAR and NASCON from N20+ to over N70+ and N60+ respectively. Per NAHCO, it was a stock riding on improving figures hence it took several months to attain its current ratio of capital appreciation. Therefore its movement was too slow to be noticed and keyed into by SA traders. You left out of mention the mother of them all (FTN COCOA) which rose from 30 kobo neighborhood to close to N4.00 all within a space of two months on the news of foreign interest. That was over 1,200% appreciation. May God bless us with the eyes to recognize another FTN COCOA-like opportunity before this year runs out. 8 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 12:13pm On Sep 26, 2023 |
Zagee:But the challenge is to be able to know ahead the exact order and time in which the stocks will rally, i.e to know which exactly will come after which. If I were blessed with such clairvoyance it will take me only three years on NSE to become a billionaire. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 9:40am On Sep 26, 2023 |
Willie2015:This was what made me open an account with a forex broker in 2020 and it has really helped me hedge against inflation and the rapid and steady fall in the value of Naira. I only open positions in that account once in a while. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 7:12pm On Sep 25, 2023 |
emmasoft:That exactly is what I wanted to clarify to him. As long as a particular stock is not under technical suspension, it will always be available anytime the floor is open. Another sentiment behind the assumption that stocks like NESTLE and maybe the likes of TOTAL, OKOMU, etc are hard to get is the stereotype that since they are of very high prices, only the super rich are allowed to have access to owning them hence according to the average Nigerian's perception, the ordinary investor is deliberately blocked off them by the rich. I recall when I introduced a friend to the stock market in 2007 and each time he sent a mandate to his Stockbroker and the latter failed to carry it out due to scarcity occasioned by full bid for the stock, this guy would begin to propound conspiracy theories on how the cabal in Aso Rock owned most of the shares of all companies and for fear of the poor becoming rich like them, they are making sure that stocks are not available to buy. I had a very hard time trying to get him to apply his knowledge of demand and supply in Elementary Economics. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 6:36pm On Sep 25, 2023 |
kamtrix:Care explaining how you came about the perception that NESTLE is hard to get? 2 Likes |
Politics / Re: How Brig. Zakari Maimalari Was Killed By His Chief Of Staff, Ifeajuna (Jan 1966) by Deadlytruth(m): 5:06pm On Sep 23, 2023 |
Irony1:Contrary to your insinuation above, Ironsi himself made it clear in his national broadcast of May 24 1966 that the civil service had become one: See his words below: "The public services of the former federation and regions become unified into one national public service under a National Public Service Commission." So which Federal and Regional civil services are you talking about again. 2 Likes |
Politics / Re: How Awolowo Was Jailed By Yorubas And Northerners by Deadlytruth(m): 4:49pm On Sep 23, 2023 |
tishbite42:That is the falsehood that has been sold for years. NCNC never won that election. An Igbo man who witnessed the events live recently debunked the story in Vanguard or Punch Newspaper. What really happened was that at the end of the election went on AG was in a narrow lead not enough to make it form the Government. Alliances had to be formed and the other smaller parties like IPP (Ibadan People's Party), OIL (Ondo Industrial League), etc; decided to align with AG and that put AG in a comfortable lead over NCNC. Only three persons were involved in the said Cross carpeting. Two from NCNC to AG, and one from AG to NCNC meaning that Zik benefited too from it. In fact the AG members who crossed to NCNC was the representative of my own Kukuruku Division now known as Edo North Senatorial District. He was by Name Pa Awodi Orisaremi. We voted him to the Western Region Assembly through AG but at that stalemate he defected to NCNC. What happened was similar to how Igbos chose to align with Ahmadu Bello's NPC when the stalemate came at Independence. So it was not Cross carpeting but alliance between parties. 4 Likes 2 Shares |
Politics / Re: Unmasking The Lies That Igbos Dominated Ex-President Jonathan’s Government by Deadlytruth(m): 4:36pm On Sep 23, 2023 |
Eastlink: Thank God that even you yourself agree that Akintola had anti-East sentiments behind his battle against Awolowo. However, contrary to your insinuation, he didn't only come to develop that sentiment after he got accepted by the North finally. In fact it was his hatred for Igbos in general that inspired him to want to wrest AG's soul from Awolowo who was himself more disposed to taking AG into alliance with the Igbo NCNC. Zik was initially in passive support of Balewa against Awolowo because he had assumed that with the decapitation of AG in the Western Region, the next strongest party in the region (his NCNC) would automatically take over governance there and that explains why the Igbo members of the Western Region Assembly (all NCNC members) were all out in support of Akintola thinking he was working for NCNC not knowing that he had his own personal agenda which was to shake off NCNC and fully align the West with the North once Balewa finished caging Awolowo with Federal might. Why do you think Michael Okpara later called on Zik and other NCNC leaders to begin to withdraw from the attempt to kill AG in the Western Region? Are people advised to backpedal from what they were never involved in? 1 Like |
Politics / Re: How Awolowo Was Jailed By Yorubas And Northerners by Deadlytruth(m): 4:24pm On Sep 23, 2023 |
tishbite42:All objective reading of history including Zik's own book 'My Odyssey' show clearly that Zik was so consumed with his one-Nigeria dream that he didn't mind any sacrifice just to see that the North remained part of Nigeria at Independence. 3 Likes 1 Share |
Politics / Re: How Awolowo Was Jailed By Yorubas And Northerners by Deadlytruth(m): 4:22pm On Sep 23, 2023 |
tishbite42:Care stating exactly how Awolowo betrayed Zik? Did they sign any agreement on who to align with? Zik had always preferred to work with the Core North far before the 1959 elections. Remember he went into the election in the form of an alliance between his NCNC and Kano-based NEPU. Then when the post election stalemate came, he went with Ahmadu Bello's NPC. Zik never at any time liked the idea of aligning with a Southern or Middle Belt party. 3 Likes 1 Share |
Politics / Re: How Awolowo Was Jailed By Yorubas And Northerners by Deadlytruth(m): 4:17pm On Sep 23, 2023 |
tishbite42:It was the other way round. 3 Likes 1 Share |
Politics / Re: How Brig. Zakari Maimalari Was Killed By His Chief Of Staff, Ifeajuna (Jan 1966) by Deadlytruth(m): 4:10pm On Sep 23, 2023 |
Irony1:You are the one being evasive. Tell us what exactly the bolded lines mean in Ironsi's broadcast on Unification Decree means. Though I know you will dance around it without ever really answering it. Ironsi's Broadcast to the Nation banning Political Parties and introducing Decree No. 34, 24 May 1966. www.dawodu.com Fellow Nigerians: During the past two weeks I presided over meetings of the Supreme Military council and the Central Executive Council at which many important state matters were considered. . . It is now three months since the Government of the Federal Republic of Nigeria was handed over to the Armed Forces. Now that peace has been restored in the troubled areas it is time that the Military Government indicates clearly what it proposes to accomplish before relinquishing power. The removal of one of the obstacles on the way is provided for in the Constitution (Suspension and Modification) Decree (No. 5) 1966 which was promulgated by me today and comes into effect at once. The provisions of the Decree are intended to remove the last vestiges of the intense regionalism of the recent past, and to produce that cohesion in the governmental structure which is so necessary in achieving, and maintaining the paramount objective of the National Military government, and indeed of every true Nigerian, namely, national unity. The highlights of this Decree are as follows: The former regions are abolished, and Nigeria grouped into a number of territorial areas called provinces. . . . Nigeria ceases to be what has been described as a federation. It now becomes simply the Republic of Nigeria. The former Federal Military government and the Central Executive Council become respectively the National Military Government and the executive Council. All the Military Governors are members of the Executive Council. A Military Governor is assigned to a group of provinces over which and subject to the direction and control of the Head of the National Military Government, he shall exercise executive power. In order to avoid any major dislocation of the present administrative machinery, the grouping of the provinces has been made to coincide with the former regional boundaries. This is entirely a transitional measure and must be understood as such. [The present grouping of the provinces is without prejudice to the Constitutional and Administrative arrangements to be embodied in the New Constitution in accordance with the wishes of the people of Nigeria. The National Military Government assumes the exercise of all legislative powers throughout the Republic subject to such delegations to Military Governors as are considered necessary for purposes of efficient administration. The public services of the former federation and regions become unified into one national public service under a National Public Service Commission. There is a provincial Service Commission for each group of provinces to which is delegated functions in respect of public officers below a given rank. This rather drastic change will probably involve a reconstitution of the existing commissions, and the National Military Government reserves the right to do so in the manner stipulated in the Decree. Until this is done, the present Commissioners continue to act in their posts. Every civil servant is now called upon to see his function in any part of Nigeria in which he is serving in the context of the whole country. The orientation should now be towards national unity and progress. I expect all civil servants to co-operate and to consult at all levels, vertically and horizontally, between groups of Provinces and between Provinces and the Centre. 2 Likes 1 Share |
Politics / Re: How Brig. Zakari Maimalari Was Killed By His Chief Of Staff, Ifeajuna (Jan 1966) by Deadlytruth(m): 4:02pm On Sep 23, 2023 |
Irony1:Just listen to yourself: Ironsi centralized the Federal Civil service. Must you swim in illogicality in defense of the indefensible? The Federal Civil service by its very nomenclature is central. So how do you centralize it again? To centralize something means to bring all its different autonomous sections into one entity. Were there different civil service institutions in each of the regions all before then? What are you even saying? Which school did you attend? 2 Likes 1 Share |
Politics / Re: How Brig. Zakari Maimalari Was Killed By His Chief Of Staff, Ifeajuna (Jan 1966) by Deadlytruth(m): 3:55pm On Sep 23, 2023 |
gidgiddy:For over ten years running now you have kept on dodging the question of what exactly Ironsi meant in his May 24 1966 National Broadcast with the following statements: 1. The regions are abolished 2. Nigeria ceases to be what is known as a federation but now just Republic of Nigeria. 3. Federal Military Government is now National Military Government 4. This decree removed the last vestiges of regionalism. Until you take the bull by the horn and clearly explain what these lines mean, you shouldn't be taken seriously by anyone. Then per the bolded: I will only give you a present analogous scenario. At present we have the Federal Inland Revenue Service (FIRS) which has staff in every state. These staff of FIRS are all civil servants of the Federal Government even though they reside in the various states. Now, are you suggesting that it is possible for any of them to generate revenues within their states of domicile and remit those revenues to the governor of the respective states? Can an FIRS staff in Onitsha remit his revenue to Charles Soludo? Ironsi converted the civil service to National Civil service and you expected those civil servants to still be remitting taxes to the governors of the groups of Provinces? Even Ironsi himself said it in the broadcast that all civil servants should from henceforth begin to see themselves as serving the nation and not the regions any longer. Why not post Gowon's Decree 14 here for us to read and know whether it was it that removed resource control? You think you are talking to kids? Resource control was removed by Ironsi and that was why he was toppled in the first instance only for the same North to hijack his no-resource control policy to their own advantage. 3 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 9:44pm On Sep 21, 2023 |
yMcy56:Oando is not running on SA but on improving fundamentals and good news in the horizon. My story is for stocks rallying substantially on SA 7 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 9:38pm On Sep 21, 2023 |
ojesymsym:I am talking about trading on stocks running on SA. Oando's current rally can't be said to be fuelled by SA. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 4:18pm On Sep 21, 2023 |
THE STORY OF THE WILD GOOSE HUNTER AND THE LESSON IT TEACHES ON HOW AND WHEN TO TAKE PROFIT IN STOCKS TRADING The hunter in question made a trap to hunt wild geese and took it to a spot in the bush where he set it and poured some grains inside. The trap was designed in such a way that the hunter could, from where he was hiding a very long distance away, close it by merely pulling a rope attached to the lid of the trap. After setting it and hiding himself behind a bush far away, he sighted ten wild geese (his targeted exit price in this scenario). The first goose entered to help itself with some of the grains. The second one followed and it continued like that till the ninth goose. However, for no phantomable reason, the tenth goose just didn't enter. The hunter didn't pull the rope but decided to wait patiently till it would finally enter not minding the fact that what kept the other nine inside was the grains hence they must start going out once they finished eating it. While he waited in his unrealistic hope, one of the nine geese inside the trap walked out leaving eight inside. At this point the hunter regretted a little and readjusted his target to nine geese with the hope that he would pull the rope once the one that just walked out wandered back in. But while he waited again, another one walked out. The man kept on re-adjusting his target downwards until all of them walked out except just one. It was at that point it dawned on the hunter and he pulled the rope catching only one goose. Trading lesson of the story: Take your profit immediately price begins to fall. 24 Likes 2 Shares |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 3:54pm On Sep 21, 2023 |
Streetinvestor2:In my own opinion as a trader, successful trading is about 80% determined by SA. If I want to enter a stock, rather than set an entry price, what I rather do is to watch out for when bids begin to mount substantially at prices higher than the previous day closing price. Such scenario is likely to cause full bid few days ahead. When the full bid is achieved and rally starts, I as well don't set any exit price target but just keep looking out for when offers begin to pile up in such a way that they are no longer being cleared immediately, and that is when I disembark and wish the bus safe journey. In times past, I used to set exit price target and stubbornly wait for it even in the face of piling offers. This always caused me to loose all my gains and return to square one with only my capital left. I changed my strategy to the present one after reading the story of the wild geese hunter. 6 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 2:50pm On Sep 20, 2023 |
Yoast:Having direct access to the market (i.e. using a digital stock broker) helps a lot about this bravery you are talking about. It helps you see where exactly you are going and also help you determine, with a fair level of accuracy, when you should exit. I exited CHAMS this morning when the ship began to shake but may re-enter tomorrow if the ship stabilizes. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 11:54pm On Sep 19, 2023 |
Ajibade123:Not really. You could still get to buy if you or your broker enters your order early enough in the day. For a stock on full bid, there are usually offers in the first few minutes after market open after which they are soon cleared off and the only further offers will come in trickles till the close of market. 1 Like |
Politics / Re: Unmasking The Lies That Igbos Dominated Ex-President Jonathan’s Government by Deadlytruth(m): 11:45pm On Sep 19, 2023 |
killsmith:Zik had as far back as 1949 introduced tribalism into Nigerian politics by declaring that the gods of Igbo land had destined Igbos to rule over Nigeria. In 1944, another Igbo man, Charles Onyema, had said that 'from the look of things back then, it was becoming clearer by the day that Igbo domination of Nigeria was only a question of time' 3 Likes |
Politics / Re: Unmasking The Lies That Igbos Dominated Ex-President Jonathan’s Government by Deadlytruth(m): 11:36pm On Sep 19, 2023 |
Eastlink:Seems there are two South Souths in Nigeria else I don't know which SS you claim Jonathan, the one Nigerianist cast exactly in the mould of Nnamdi Azikiwe, did a lot for. The same SS where Jonathan's own people live in oil polluted coastal shanties and drank the 60% polluted waters while he voted N500bn for building phantom Almajiri schools in the Core North where the people never voted for him? Same Jonathan, who during his campaign for second term, publicly said with his own mouth that he purposely didn't do any significant thing in the SS in order not to be perceived as tribalistic? 2 Likes |
Politics / Re: Unmasking The Lies That Igbos Dominated Ex-President Jonathan’s Government by Deadlytruth(m): 11:29pm On Sep 19, 2023 |
2elliot:Awolowo's coup was in retaliation for the executive coup hatched and carried out by the duo of Balewa and Azikiwe by which they suddenly reinstated Akintola, their SWern stooge without an election as dictated by the Western Region constitution. 4 Likes |
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