Agbalowomeri:


You wan go collect money from the initiates?

Locotrader:
If oando breaks #12 today, next week will be awesome for the stock. Just spotting the next opportunity for swing traders.

Get your own share today and watch the drama next week

BabsO2:


You mean another push up cycle may be coming. The price in the last one or two weeks have averaged around 11.4
It will do as if it wants to go up, then offers will start coming in trickles again pulling the price down. While all the time demand is always more than offers with people demanding at much lower prices

BabsO2:


Good Oando/Edo state news.
Nigeria needs good success in expanding electricity generation sources and capacity. Make Wale forget the buy out. Make buy out no happen.

222Martins:

I am not in the IEI train for now......Those like Deadlytruth who were fortunate to take advantage of the price disparity and entered IEI early should enjoy the ride. I am done entering any stock for now until May, when i am sure the dividend run is over and the price dust has settled.

OBAGADAFFI:


CONOIL is the King of illiquidity.

ositadima1:


When I was arguing this very point, the same guy was asking me if I was making money in this market, implying that my reasoning was flawed. He also stated in one of his posts that he could spot opportunities and tell you when to enter, but he would not reveal when to exit, which should have been a red flag.

The thing is, with such stocks, you should have a target exit point that hopefully falls within the period it was still trending. Once the trend is over, you will be trapped until the next trend emerges.

vacanci:


the problem is one can get trapped.

Imagine those investors in Multiverse who have been trying to come out for the past one month. total traded value yesterday from 6 deals only was N21k. You spot opportunity elsewhere and want to sell multiverse to key into such opportunities just like when MTN got to N180. Multiverse trapped you inside.
Yesterday also, Champion breweries, only 3 deals with total value of around N5k.

Look at McNichols, after the price went up many days and hit the top, coming out was a problem until it went back to where it started from before we started seeing bids.
Mecure has trapped investors wanting out as we speak. remember how it was flying high and jumping 10% daily for weeks. Yesterday's total traded volume was just 21k

so many stocks like that will do people shege.

Climbing up is not the problem but when you want to come out, it's a big problem especially when you are invested with huge fund.

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks. Imagine someone queuing up very early trying to sell about 1M units of Mecure or Multiverse. it would take more than 2 weeks of others waiting if the 1M guy gets in front everyday.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

Streetinvestor2:
Dollar gang how market. Panic sell about to be triggered if you no believe go ask aboki for street. Dey no gree buy #1500 as of today ....wahala

SonofElElyonRet:
My personal picks right now (not advice) are:
Chams below N2
Japaul below N2
Ellah lakes at N3
Maybe IEI if it drops close to N1

Am i being too optimistic with buy price targets?

dapix:


Well, lets see if the MPR meeting will lead to another bonanza next week

Deadlytruth:

Exactly. When an illiquid stock's figures are excellent, it is a movement to the moon.

iHaveMadeiT2:
The downside is that this IEI is illiquid that if it locks your fund, it may take years for your money to regain freedom

Deadlytruth:

Just seeing this. So sorry for not responding quickly. I was on a journey throughout Friday and again for a substantial part of yesterday hence couldn't even come around during the active moments. As for IEI, I am afraid of discussing it too much here for fear of MH label, and that explains why I somehow became reluctant in responding to posts about it. But we however can continue through DM. Please check your email in few minutes from now. Thanks.

Choiceguy:


INTERNATIONAL BREWERIES on full bid
What's happening

Mankind2024:


@locodemy..Long time indeed.
How is your commercial farming going?
Well, enterprise is doing good here.
Your confession moved me. I think I should also confess.
It is during this Emilokan time that my sweat and blood life portfolio returns a crazy growth of over 350% with capital appreciation of over NGN 150M plus in Naira, while the offshore portfolio is now eyeing the critical and most difficult break out point USD100k which would definitely be by May 2024.
The NGX goal has always been NGN1B, I ain't given up, We rise and rise till the dream is realised.
I'm so glad that members are doing well.
The best empowerment we can offer new members is principle of investing and trading.
Not all the TA vs FA debacle.
People would never seized the day thinking the Market would obey TA or FA due to procrastination and behavioral biases that can hinder sound financial decisions.
I learnt to seize the day and allow the owner of the Market to do the needful.
I buy the stock of good companies with set Target of at least 1M unit, which I often achieve within 1 year @ most. This implies that I do not look at what the chat is saying.
This was how I acquired the 1M unit of Zenith at average cost of 21 as at the closed of business yesterday.
The only regret which I found it difficult to pardon my decision was offloading FBNH premature at NGN21, seeing it yesterday at NGN40 was waoh....This Market is crazy. Never say Never.
Noone owns the market, long-term investors are the overall winner 🏆 of the Market trophy.
Wishing u all a greenish day ahead.

Itsrm:


That's the point. Not saying it's impossible to make money but you are more likely going to get burnt in a bear market.

Ades1:



Loco has said it here publicly that his GOAL is to have ENOUGH capital to invest and forget all the headaches of jijo.

Frangel:


Whilst it is good to look at the current EPS, also look at the Revenue reserves/accumulated losses to figure how many years it will take to wipe out.

The shareholder's fund value, Statement of Financial Position and notes to the account contain some more insights.

Streetinvestor2:
It was part of my school fees those days.it was later reconstructed to 5 for 1 .Then news later came that new investors was going to buy us out at #1.60 I think since 2 or 3 yrs now.No one paid us after that.The next the stock resumes trading this yr.So we don't know the position of past arrangement/agreements reached.

Coolcash1:


Champion needs to re-test N2.80 to pack more passengers...

222Martins:
Stop quoting me about ChampBrew. I don't want to sound like those who hype Oando, lure people in and dump Oando If ChampBrew comes down to 2.80 this week, i will up my stakes to 100M units. For now, all i have is 11M+ Afolabi units and that's just 10% of my entire portfolio. I am up 15% on ChampBrew and i haven't sold a dime.....

If not for Loco, nobody for hear my voice for this small ChampBrew wey person buy. Abeg, no mention me again for this ChampBrew matter. Everybody na CEO for him own portfolio.