₦airaland Forum

Fidelity bank finding support
#bottomed

transcorp support building up

fcy reserves have dropped below $26 bln
#new territory

kentoto:
People,

I think we now have two banks left that we are expecting results from. Access and UBA.

Dividend yield is what's separating them now, they having the largest volume of trades so far today. 40 m and 50 m

They are in focus now.

K

Index seems to have found some support above 27,000 levels

DIAMONDBNK set a new 52-week low during today's trading session when it reached N1.08

its likely to drop further ...

kenmaro:
Is diamond bank a good buy?

at wat price ?
below N1?

DOLLARTEX:
BNSITL,THEY SAID WE SHOULD WAIT AT THE SIDELINE FOR FPI.WHICH DISTINCT SIGN WILL INDICATE THE ARRIVAL OF FORIEGN INVESTORS.I BAILED OUT OF ACCESS WIT MARGINAL LOSS NOW ON SIDELINE,WHAT SIGN ARE WE WAITING FOR?

interesting question. Im sure everyone has a list of indicators they look out for.
- naira stability
- inflation
- bond yield
- Tbill yield
- Oil price
- Q3
- buhari's body language , cbn policy sommersaults
- 52 week lows
- if Index finds support
- increased volume
- momentum
- cross overs

and be be lo

Sterling breaks below N1.00
#52WeekLow

Early losers
CHAMPION 2.85 -8.06
FIDSON 1.64 -4.65
WAPIC 0.50 -3.85
OANDO 5.20 -2.99
STERLNBANK 0.98 -2.00

Ucap
Macd crosses below Zero line
further #bearish

at least . . Brent crude rises above $48

dear newbies,

One of the toughest decisions is cutting losses ff by taking profits

When in a position and prices are going in the opposite direction of your expectation and beyond your intended time frame, ur emotions come into play. The tendency is to first extend the time frame and hold out much longer hoping for a reversal in the near time. In the past I would justify extending the holding period or averaging down to reduce bleeding. This can be disastrous. I know for sure.

Your greatest enemy is ur own emotion and ability to stay within the parameters you have set out. Constantly changing strategy mid way can be disastrous to capital and confidence. Risk management (capital preservation) is very key for long term survival.

#JustAThot

angelo82:
Appointment of that Osibodu to their legal unit is a bad sign for take-over or abnormal reconstruction.

very true !

Intendy:
the equity price of UNITY KAPITAL ASSURANCE PLC was adjusted today15th of August, 2016 for a dividend of 1.5 Kobo as recommended by the board of directors: The last close price was N0.50, hence the ex-div price N0.50.

prices shud be allowed to drop to 10kobo ! really

Triplee2:
primary auction market another is happening wednesday 17.08.2016

looking forward to 17th Aug
Interested in 91TB

wat rate wud u bid ?

#hypothetically

fxuser:
about to test that N3.00 52 week low !

Interesting that FBN mkt cap is just over N100bn, very similar to what Skye supposedly paid for Mainstreet.
Long term bargain hunters will be focusing here

debeey87:
FBNH - 3.05

about to test that N3.00 52 week low !

Diamond also been pulled towards 52 wk low

#observing

brent back above $45/bbl

(prod level down to 1.5mm bbl)

Early gainers
FLOURMILL + 5.00%
SKYEBANK +4.69%
FBNH +1.91%
NB +1.62%
TOTAL +0.42%

Early Losers
CHAMPION -9.62%
AIICO -4.29%
STERLNBANK -1.92%

Those mopping bargains, penny stocks , or targeting 52 week lows shud do so gradually and cautiously. Cheap may be cheaper & probably for longer than one can remain liquid. IMO


Disclosure
under 25% of portfolio in equities .. . holding more Cash/placements/etc

webizone:
While people are running from skyebank, am still considering to buy more now @ N0.64. Meanwhile shorting copper is looking steady.

its not really a run away, its more like wait and see while money market rates are offering very attractive rates to ignore.
With such attractive rates , the down trend in equities is not likely to change in d near term (add the NPL risks etc)

bearish posture in play
#caution

Fidelity
#oversold
bears in charge

Sterling bank looking for the bottom ! Set to drop below N1
New 52 week lows expected

#oversold

[quote author=Intendy post=48391092]stocks with new 52 weeks low

Fidelity breaks below N1.00, all time LOW
(always a first time)

Next Sterling bank

#bearish trend continues

otokx:
Will not touch Fidelity bank @ 70 kobo

harsh

feelamong:
Now i need to stay closer to the market...

some wicked bargains are about to show...

significant volume surge, its d long term bargain hunters play field.

FIDELITYBK set a new 52-week low during today's trading session when it reached N1.01
#bearHuG

[quote author=Intendy post=48362035]stock with new 52 weeks low


Na so so new lows, No new highs

#BearishFlag

fidelity about to take its first ever steps below N1.00 . .

Intendy:
you've got enough brain. nice spotting.I didn't want to emphasize this yesterday in other not to raise peoples hormone.
everyday is a new day.

lollz @ people's hormone

[quote author=Intendy post=48333832]stocks with new 52 weeks low

52 week low list is growing ! !
#flag