₦airaland Forum

Mpeace:
Access Bank. Some of us are destined to swim with the tide.
Not selling a unit.

RabbiDoracle:
The same guy issued a statement to investing community on NSE that they are not buying diamond Bank. Whereas they were mopping on the floor.

Later they issued another statement that they have bought Diamond bank.

nna777:
It's good to look at things from as much perspectives as possible.

So my question is Before the PFAs and other institutions bought into Access shares few weeks ago, don't you think they must have done their due diligence before investing?

I don't think we should throw the baby and the water together.

Agbalowomeri:
People who make decisions in PFAs are employees
If person follow them, person fit loss

Agbalowomeri:
Q3 was an eye opener Lol
The 'administrative' expenses just ballooned out to the sky

emmanuelewumi:
The action of the CEO, which I believe he will continue this week will lead to a serious panic sale next week.

By Friday we will know the volume he must have sold during the week

maishai:
minus bank charges, stamp duty what remains is about 1730

Agbalowomeri:
Though I am bullish
The data is saying CAUTION
Reasons:
1) Headwind cloud resistance on the weekly which was rejected this week
2) RSI appears to be divergent from price movement on the daily (a second opinion is welcomed here)

The new week needs momentum, else we may be headed for a flat market (dividend may have been priced in already) before a dip to the second bottom.

Disclosure; I have no buying or selling stake in the short term.
My UACN is for Q2

Mcy56:
Boss, I thought you no dey worry about what Market is doing on the daily ................... too much money.
Compliment of the season sir!

Mcy56:
Dangcem has finished drinking water, commenced journey again. 175 now.

fxuser:
like how prices have trumped monday openings ..
dis Jan candle is setting up to be one very big monthly candle
prices can go further dan we expect

#bullish

pluto09:
It is not everyone that understand support and resistance

fxuser:
best to look at d weekly chart
all d daily noise (xver et al ) is forming a weekly inside bar at the upper range of prev week
how to say dis in english is another matter dat will take too much time
all d noise is consolidation in summary of a much bigger move


(An "inside bar" pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar)

fxuser:
Prof dis forum is filled with good info if you know how to sift thru the noise
hehe u shud teach newbies how to manage their path thru dis maze

kolaish:
This is one of the boys of Abayomi Obabolujo.

Mcy56:
Some guys codedly accumulating Wapco at 15naira, some uninformed investors also bringing out their wares at that price........observing.

FBNH seems to have found new support at 6.90.
Efforts to bring it down below that price failed xtyday, we see how it goes today.

Dividend hunters on queue in banking stocks. Market trading normal so far..................

wanaj0:
The problem with people like Obabolujo was that they promoted the stock market as a 'risk free' investment.

The inefficiencies and lax regulation make people to buy 'dead' companies and still make 'money'

Life has a self adjustment mechanism. The bubble must always crash.

NSE was made to look like a scam. Those that understood the nature of stock market investing left very early. The so called 'experts' got trapped and have their fingers burnt. Some knew that it was a scam (just like NOSPETCo, MMF etc) but they planned to beat the system so they joined and get trapped in.

Obabolujo an co got involved in insider trading and the public offer and right offer scam with active support by the brokers and banks! Most of them are conflicted. I still remember Proshare coming to SMN to argue about OandO spewing rubbish. I don't think he believed the rubbish but likely on payroll of OandO to launder their image.

I think Obabolujo himself was ignorant about so many things. He did not intentionally start out to mislead people!

People need to get back to understand what stock market investing beyond the kalo kalo and quick money making venture that people are after! Building wealth is a PROCESS. Most people that 'jam' wealth overnight almost always lose the wealth!

Follow the PROCESS.

No one should blame Obabolujo when it was obvious that they got overtaken by their GREED

maishai:
This bull that has not called out Oando get as e be o

Agbalowomeri:
Very bad weekly candle

Toluway:
Just sold my Flourmills after 35% gain.

aremso:
U cant sell wait for the exchange units of BUACEM

sellydion:
We are at the early stage of bull market. You can invest now and make decent profit.

Depending on the nature of investor you are, conservative or agressive. Zenith bank is still good at current price with peace of mind.

UBA is getting out of hands, FBNH is cool too all these are running fast leaving limited upside room.

mendes911:
But I hope you know that bids will surface for WAPCO tomorrow. Present BUY zone is below 13.50 and they couldn't show up today because of the last 10% drop.

I doubt WAPCO is going to drop that badly. There wasn't any sustained tempo for the rise it did the other time.

RabbiDoracle:
Another example is today. It had the chance to break 9, but it still didn't do it. This is the second time at 8.90.

This shows a weakened momentum.

I won't be surprised if all hell is let loose tomorrow.

People buying WAPCO, UACN should just exercise caution and watch first.