₦airaland Forum

DeRuggedProf:
34million units of fcmb already sold!!!

-now 50m
-back to back doji , 4 days in a row !

top vol trades yesterday
Access Bank 84.09 mn
FBNH 54.14 mn
UBA 38.85 mn
Skye 38.53 mn

FBN finding support

OBAGADAFFI:

umm

S&P Downgrades Nigeria Further Into Junk as Oil Woes Worsen
http://www.bloomberg.com/news/articles/2016-09-16/s-p-downgrades-nigeria-further-into-junk-as-oil-crisis-worsens

'' Sometimes no position is the best position. A compulsion to trade leads to disaster. ''
- P Brandt

alphabanks:
FBNH 2.95

FBNH wat a day
-50m + vol #sell off
-new 52 wk low
- #gravestoneDoji formed (all support/reversal rejected by d bears) #wicked

FCMB

17m on offer at N1.00
#chai

fcmb na real falling knife
- cheap & getting cheaper
- averaging down na expensive biz , it will soak all ur liquidity
- see 7m units on offer at N1 #sigh #wickedpple
- just wait wait wait
- if ur bleeding , wait too
- sell off not over

- some pple will say they are waiting at 50kobo now ! lol

#wickedPple lol

team Ucap

-been a long battle with d bears
- those waiting below N2.00 hav a very long wait ! else they need another Emefiele spook policy reversal BS
- further downside risk is fading away gradually
- SP touched 1 wk low of N2.14
- its siddon look from both sides
- hold d line

Post interim dividend
- Access fights off economic bears
- OBV maintains upwards slope
- hold the line , no tension here
- chop your dividend and chill for cap appreciation jeje
- Q3 will silence d lambs

i never see alert ! Will visit those chaps in VI with cane on monday

Headline Inflation up by 17.6% yr on yr from 17.1% in July

PharmAlfred:
@Fuxser What do you think about entering Conoil now? What is TA saying?
Will it sustain this bullish trend for a while?

no clue ! Conoil volumes are so thin ! trades flat for most of the year !
First 1m volume traded was yesterday in over a year ! !

DeRuggedProf:
@FXuser, are we still buying FCMB? What is TA saying....kindly assist.

49.38mln traded today ! #selloff
further downside expected

daemperor1:
If i had more loose cash i would've bought more. It has touched bottom @0.99 for now.

31m traded wt 16m bid below N1

liquidity management is indeed key

DeRuggedProf:
@FXuser, are we still buying FCMB? What is TA saying....kindly assist.

- Full rejection at N1.15 (hammer) ff by 6 red candle sticks back to back
- selling pressure remains ! (last 15 trades, 10 red)
- looking for support n1
- TA is oversold, bearish posture, bollinger still sloping downwards hugging the lower band
- no reversal just yet
- bargain hunters turning up below that support

- IMO: cheap may remain cheaper longer than most expect esp with d uncertainties in dis Emefiele's quagmire

#patience

most are terrified when others are fearful . . takes some serious guts to be greedy when d herd is fearful .

#JustSaying

'' don’t invest in a rebound that doesn’t exist ''

fcmb dragged towards N1.00
wicked bears

#portfoliodrawdown

Early movers

DIAMONDBNK -5.00%
STERLNBANK -4.95%
SKYEBANK -4.62%
TRANSCORP -3.57%
FCMB -1.87%

the bears never left the building !

Gbp 538
Usd 428
Brent $47.21

Access bank interim dividend should drop on Wed

Zhirinovsky:
Bro help us with the platform where you got this chart abeg. or was it developed by your firm for her use only?

link:
http://markets.ft.com/data/equities/tearsheet/charts?s=DIAMONDBNK:LAG

'' Gamblers obsess with big potential upside windfall profits. Intelligent speculators obsess with managing downside risk. ''

-PB

#

IMO

everyone is a winner in a bull market ! respect to those who survive the bear market

godlyguy:
When I read some comments on this platform, I can't help but keep laughing at some immaturity springing forth from some unschooled adults... For record purposes, the stock market isn't for emotional folks... YOU don't have to cast blames on anyone for whatever outcome you get from the decision you have made... Don't invest the cash that you are afraid of losing... END OF QUOTE!!!

THE BIG SMART GUY

overtime people learn. the toughest lessons for most is accepting losses and moving on !

OBAGADAFFI:
Well that is NSE market sentiments for you.

CONOIL is a perfect example here, it was selling at Negative Monday and on Friday selling positive @ 5% gain.

There are lots of insider trading going on in the NSE. People with information have taken positions before any sort of trading start.

'' While announcements and reports can increase volatility, seldom do they reverse market trends permanently.''
- PB

THIS

Protecting capital is THE MOST IMPORTANT TASK of a trader.

- PB

note:

Limiting losses is by far the most important trading component. Capital is the inventory of a trader. Lose the inventory, business is over
-PB

interesting chart developing here !

'' I hate to be the bearer of bad news to some of you, but taking losses is the primary job description of a market speculator.''
- @PeterLBrandt

Fidelity hugging .90kobo line for support !

ExLaidback:
Depending to much on FBNH was the single biggest mistake I made this year, and with that mistake I lost a significant amount of money. 2016 has proven so far not to be FBNH's year. Maybe later this year and certainly next year after FY2016 results things will turn around for the stock though. Since I dumped it and moved on, I can now think better and make better moves.

This is certainly not a buy or sell recommendation biko

respect !