₦airaland Forum

sooner than later , CBN will have to let go of the floating peg . .

''Naira weakened to a record low of 375.50/$ at 1014 GMT, according to Thomson Reuters data. . . . but closed at the previous day's rate of N305/$ ''

#magomago

index breaks below 26,500 , heading towards 26,000
#oversold #shakeout

OBAGADAFFI:
I sold all my GTB on 16 september.

I am currently waiting GTB below N18 and conoil around N20.

good move !

on investment one platform, sometimes you put in a large bid and it won't reflect on the bid status ! !

anyone noticed such ?

#missingMorgan

Intendy:
sip more zobo,since you don't take alcohol.

lol

more bears coming out !

#shakeOut

GTB breaks blow N22

#bearish tinz

DeRuggedProf:
@FXUSER, What are we buying today?
Which bottom price do you predict for ASHAKACEM/WAPCO/DANGFLOUR/NASCON/DANGSUGAR/CHAMPION?
Thx

brotherly
-we remain very cautious as we approach year end
-the NSE 30 Index is desperately looking for support at 1,200 levels
-its been on the way down after hitting 1379 in June (similar to NSE 30 INDEX)
-both tending towards that oversold region
-d bears hav not finished yet. they are holding a xmas surprise meeting
-tread cautiously

A Quick Bottom Check (Current Price versus 52 week Low)

Oil Sector
Total +129.31%
Seplat +137.91%
Conoil +118.24%
Eterna +99.32%
Mobil +37.93%
MRS +42.53%
Oando +45.79%
Forte Oil +1.92% (tending towards 52 week low)

Financial Serv
UCAP +125.45%
GTB +68.81%
UBA +66.02%
Zenith +64.44%
FCMB +54.93%
Access +54.93%

Others
NBL +53.80%
DangCem +39.61%

and be be lo

Question:
Did you miss the bottom ?

Have blessed week

Brent $46/bbl

index needs to find support at dis level
#oversold #weakVol

dragonking3:
Today has sealed the death of Morgan Capital ltd

calm
have more patience

Index breaks below 27,000

#shakeOUT

Investment one data is experiencing some delay

Reminder on risk management esp wt PennyStock lovers (For newbies)

Scenario 1
Coy ABC SP drops from N1.20 to N0.85 = -29.17% Loss


Scenario 2
Coy ABC SP gains from N0.85 to N1.20 = +41.18% Gain lol


NoteToSelf:
Bulls need more effort to take back what d Bears took.
Waiting for break even in a losing position can be futile to d mind and capital
Cut losses - cut losses better to feed your broker than d bear. You can always come back
Always watch d down side risk to protect and preserve capital for other days
Avoid holding on to lemons
and be be lo

#justObserving

Be mindful of the dominant trend line !

angelo82:
Whats your take on FCMB?

- expect they will turn up with a very decent Q3
- unlike diamond & fidelity, they don't have any eurobond exposure
- earnings will likely ff Q2 trend
- reduced down side risk is most attractive

Primetech:
Transcorp is officially headquartered in Las Vegas... (casino)

lol wicked
but a small bounce back today oh !

Oando

a lot of emotional over reaction at play
at least they reported on time for the first time in a long time !

locodemy:
There is no doubt over the expecting result.......just position takers.

Yhhup !

angelo82:
Rally before result can be bad except in few cases.

can't call dem rallies
its more like positioning ahead before news and maintain siddon - look going forward

FCMB

- sudden big vols x trades

currentprice:
Skye Bank sacks 50 staff

http://www.aksmedias.com.ng/2016/11/too-bad-skye-bank-sacks-50-more-workers.html

only

FCMB

- hunters will not allow the thing to drop to 1.05 sef , forget about N1 ! !

#nawa

Omopasito:
I actually called and The person I talked to was actually telling me I cannot withdraw my fund now because NSE has mandated them to stop Paying and was telling me that my fund is safe, this and that.

patience .

Ucap

- bearish pull back cut short
- some support trying to form ard 2.50 level

Full offer No Bid
Oando
Cadbury
UAC-prop

Fidelity
- short term positive divergence
- stay put

DeRuggedProf:
Diamond bank and fcmb prices?

FCMB
1.09
7.6m bid
6.0m offer

DeRuggedProf:
Diamond bank and fcmb prices?

Diamond on full offer at N1.04

Intendy:
Oga mi I go fight you o.
It was stated earlier that "it should be up and running by NOVEMBER 4th" haba relax

sorry my error.

fxuser:
we wait and see

seem its not working yet.
Na to giv dem more time