₦airaland Forum

yMcy56:
DANGCEM now trading at day's high, 980.10 ....
Needs 100k to move +10% for today.....

OANDO needs to move above the RI price too.....
Na Wale dey still full himself...
He knows how he moved it from 8 to 90....
Don't know why he's not employing same tactics to move it above 130/150 and fix RI price @100 😊

ositadima1:
I told you guys that when money comes back, it won't announce itself. Maybe we're still too early to judge, but a look at the amount of money actually moving these stocks will tell us more. If it's just ₦150 million doing all this, then we're not in the clear yet.

searchng4love:
Going Concern Uncertainty: The independent auditors raised a material uncertainty regarding the Group's and Company's ability to continue as a going concern due to recurring negative retained earnings, net liabilities, negative working capital, and breaches of certain loan covenants

Ginalex:
Karltom

Ginalex:
shebi I talk when I dey buy for here and the prices wey I buy🌚🌚

Ginalex:
People wey dey wait for more dips, y'all will learn a new thing *in mega's voice"

ghm:
When I decided to give up on politicians and their supporters was during a campaign in one of the US elections. The sitting president said he had reduced unemployment to 6% through his policies. The opposition, on the other hand, said 15,000,000 Americans do not have a job and that the government has failed.

What I saw was that each was using what suited them – 6 as a number is very small; 15,000,000 as a number is huge. Only for me to discover that 6% of the population is actually 15,000,000 people. So both were telling the truth — they just chose the number that made their side look better.

If you don't get it, forget about it.

Alkason:
I am also surprised too. And they said it will bring down the cost of vehicles? I don't think so.

awesomeJ:
229k!

kintus:
So Scammers still dey this forum....Na wa oh.

Rejoice abi wetin be your name....you no go see me catch.

For this hard economy, you wun .come chop from my small money.

Valthegreat:
I checked my wife's FTGINSUR some days back and it was on a serious loss, bought at 1.44 and was then around 0.94, then this morning I am seeing 3.57 please what happened at the AGM meeting yesterday ?

kintus:
Was hoping to get TIP and Tantalizer this morning...but the trend has changed....

Please any advise on where to put 5M in this red market?

Thank you.

aj8:
“In a forest, regardless of the weather, the Iroko tree is more likely to withstand better”

No sir, they are not doing anything wrong. Just part of the learning curve.
Rather I share Mercy’s advice to anyone in this predicament, not to sell your losing stocks. Seek advice from those with investment grey hair and there are many here..Pa Emma, Sunrisepepple, Mercy, awesomeJ, megawealth01, pluto9, Karltom, Osita..Gina and Chimex to mention just a few, that in my opinion, have a sanguine disposition to investment. We are actually all here because we wish to learn. We wish to be more profitable. Whether you own billions of Naira or just kobos. Some may need to learn more than others. Send them a private message/review their previous posts, if necessary, they would be more than happy to help. Markets climb and fall , that’s what markets naturally do. You only lose when you sell. Businesses are in business because they believe in themselves or else they would have shut down. Convert the poor performers to long-term stocks to give them time. Some that were even suspended some time in the past, have found themselves back on the exchange. However, learn and master which companies are the “Iroko tree stocks” in the investment forest and stick to those e.g from the Ngx30s. Buy the IROKO stocks at the right prices by whatever assessment strategy suits your appetite. Learn to recalibrate after every earnings report released by these “IROKO stocks” to discover if you are still on the right side of profit or need to switch. Never buy a stock without understanding what the company does and whether it’s profitable or potentially profitable. Learn to analyze financial statements. Follow every disclosure on Ngx to box stocks into profitable or potentially profitable. Outside of this, it could well be a gamble.

By the way, how is Pa Emma, haven't seen his post for a while.

presiade:
One of the 46 MFBs currently under NDIC care.

samarine:
I just woke from where I am and based on dream analysis, today/weekend mark the end of the reds.
Take this to the bank

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

Beeron:
The reason for the decline is in plain sight. Correction mixed the implementation of T+1 and retail Investors greed. And I will explain why.

So why do I say so?

The last brief correction we had was back in October and November which was majorly as a result of the poor communication about Taxing the stock market, foreign investors were unsettled by it which spooked retail investors hence the brief correction. Fine and good.

Things began to shape up around late December, it was a good run in January and suddenly February came: Breaking news —(Pension fund can now invest in the stock market)

At that point, It was a rush to accumulate as much as you can accumulate, if you check now and look back to some not so good performing stocks, they came alive back in February buying spree even Oando, basically they did a rally and lost momentum.

Actually, large cap should follow that patter to correct a little in March. I was expecting that to happen. But to my surprise, something else happened.

Tick Tok, X, Nairaland and other social media began to hype how they making money in the stock market, most people turned to financial influencer and that was when the second phase of buying bagan in late March into April.

I also noticed a pattern that was happening, which barely happen in NASDAQ and NYSE and what was that?

Nigerians keeps buying even after most large cap stocks reached overbought level just like Tulip bubble in Holland. At the point, I became fearful because even Institutional money kept up with that unprofessional trading technique.

When things was about to cool down, Iran and US war began which now made the oil sector joined the group chat.

I swear to god ( funny how I am swearing to god eventhough I am Atheist lol) anyways, I swear I never thought ASI will get to 250k, the shit blew my mind because all I was seeing on my trade chart was Tulip bubble.

Now the bubble finally poped and you telling me you don't know what caused it?

ogawisdom:
ZENITH will certainly stay below 100 tomorrow, already touched 99.70 today, when i predicted it in April many people laughed it off, the way it is going even sub 90 is possible.

let me get ready to take a second tranch of Zenith as i continue to observe the dip getting dipper, dippest

Except an institutional investors or HNI enters the market this is far from over. The confidence in the market is LOW because of too many ignorant investors doing herds mentality .

SonofElElyonRet:
Buy the dip
Thank God say I don exit everything save some Ellah and Japaul.. still in the green.. no be me una go take hypertension kill

yMcy56:
These ARADEL guys are really vexing....
Who vex them like this?
Thank God it's not OANDO, the pages of this thread for don almost reach 2000 by now....😁

Anyway, ARADEL is presenting very good opportunities as from today sha....
Serious bargainers should be picking....
Not talking about Peter's bargain hunters o.

This ARADEL is still going back to 1900/2000.....
The big players are also watching as you're dumping it....

*At this point (@ today's low), I won't advice anyone holding it to sell again.....
If you have funds, keep watching it in order to pick more.....
** Remember this is still my opinion and you're the CEO of your portfolio.