₦airaland Forum

FCMB: Seems result is around the corner................some dangerous plays and manipulations ongoing there.
FBNH.............getting some bashing..............
Zee........price below 20 naira is still a good buy to me. She tried this time around for not getting massive dumping when result was out.
UBA getting attention and some dumping too.........................we see how it all plays out.

These big guys are just doing their things on banking stocks.
Trying to keep FCMB and UBA's prices down for whatever selfish reasons they may have. Results might be around the corner.
Think whosoever is inside should not allow them shake him/her off.

currentprice:
@ Mercy try to always stick to your opinion na. it is opinion whether right or wrong sister why deleting post afterall u made good suggestion/opinion on your ucap post, no stock can continue gaining for ever in respect of any results, profit taken must happen in btw. we dont charge or reward for wrong/right opinion here. abeg post ur opinion and leave it
u be lady true true

Thanks CP.
So I be lady now bah? Lol. Means you relate well with opposite sex. It's easier to decode this for such people.

onegentleguy:
But frankly, I never intended to make @mcy56 give in to the impression of misleading anyone.
...my post was only intended to drive home a point. All the same, I apologise if my post didn't come out right. Pls feel free to revert as always.

Am in a good mood and I do not desire to spoil that of others.

@OGG, no need for apologizing, you did nothing wrong as far as I'm concerned.
I never took offence. Mcy doesn't have time for such things o, I said my own I move on. I just felt like deleting it ni.
It was your opinion, you were trying to help guys here maximize gains too.
Lol @ "you're in a good mood". I like that mood, always try to maintain it.

onegentleguy:
This is a faulty assumption.
...and some persons may have taken to it.
Pls be guided accordingly.
NOTE: I do not own a single unit of UCAP at the moment. ...just given an honest piece of advice to those in it...

OGG you're very correct. Comment withdrawn.
Please note that I do not intend to cause anyone to lose more revenue in Ucap, I made the comment based on what I saw in pre-market and from the point of view of jijo.
Day's high is 3.89 and the bids on ground were not that much, so I believed if someone sell at 3.89 earlier, he/she can re-enter lower again, cos that was the scenario that played out when market opened.
Ucap is still going up, but like I said xtyday, profit taking/pullback will be coming in-between.
Thanks for the correction anyway.
Make I go face the one wey dey do me for now.

Marketapprentic:
Good morning (Nigerian time) elders in the house. I am among the few fortunate Nigerians to have accidentally discover this forum. I have ghost followed the room for some days now and I am captured by what is happening here. Please, I want to climb the ladder to become an elder some day. Please, help and mentor me by showing me how to fish: I want to learn and earn. Please direct me on how to learn TA, FA and SA or sites that might be useful for that purpose. And how I can start on this stock investing journey

And also the sweet and lively and motherly MADAM MCY, please you now have a new apprentice.

All these for only me? Thank you ooo.
You got answer already.
I will add that you should find time to flip thru the pages of this thread too, especially the earlier pages, embedded therein in the middle of jokes, bull euphoria, bear arguments, stone throwing and the likes, are great contributions you can learn from.
Also, find time to flip thru the comments of some of the ogas copied, you will learn quite a lot from them too.
Just click on their moniker, it will take you to their profile page, then scan thru some of their lectures.
Wishing you a much more rewarding time in NSE.

.....

Heishere:
What is the minimum capital required?

Thanks sir/ma.
Let's talk via mail. PM sent now.

Public Notice!!
Please, I still needed a willing and interested person to invest in my biz for growth.
Kindly mention me for detailed discussion (don't quote pls). Or send me PM preferably.
Only serious person please and don't ask for a proposal tenable for a world Bank contract, it's a small biz I'm trying to grow and just needed small amount to expand it.
This is a genuine request necessitated by timing.

**NB: I didn't say 'give', I said 'invest'. If you decide to give too, it will be highly appreciated.
** If you dont invest it will still grow by God's grace.
For those ignoring my PM, una weldone too. God dey. I no mention name o.
For those that liked this post, may God bless you richly IJN. Thks for your encouragement.

........

^^^^
Oga Chibuking, I'm really loving your recent lectures on investment and trading.
A good refresher course.

rebekah2011:
Madam, why do you foresee serious profit-taking in UCAP? The yield is still ok for some people and I think the profit taking will come around 4.25plus

Based on observation of today's pattern of trading sir.
23M volume was sold despite the huge bids, the volume can only increase in tomorrow's trading.
Also said that based on the recent short term plays as well as the fact that it's an individual bull, not general to the market.
Not in any way saying the price will still not go up ooo, but profit taking will be coming in between........I may be wrong too.

sellydion:
The are market manipulators

Dont mind them.
GTB closed at N28................
UCAP: Serious profit taking will take place in tomorrow's market. People collected/collecting their div on the floor already.
They'll now come back to crash the price so as to enter lower and chop dividend again.

735i:
The shakeout was classic!!!. Whoever executed it is a genius

Those guys are something else, it may be that they crashed it so as to enter lower
Doesnt mean they sell at loss cos the stock was seriously mopped up at 26 then.
There are some kind of offers that someone will just know its not real, like the Zenith ones too.

GTB: All those huge offers disappeared removed ...................Bid now 10M to 7M offers..............
Ucap did similar pattern before the result was released............people jumping out thru windows but started chasing when the result was released.

Ibrahim505:
Brent oil price is currently $59.40 but NSE is not responding positively though, it's influence more by negative fundamental and sentimental indicators

Your 28.40 is okay for GTB. It's a good stock. Result may be around the corner.
If you still have fund, you may add to it, if it falls lower.
Chibuking dropped a post between being an investor and a trader (jijo) sometimes ago, the post was so on point.
There are times you needs to close your eyes to price movement within certain range if you're in a good stock.
The rate the offers will disappear may surprise you.

......

GTB sighted at 27 region.......................

GT and Zenith: Responded to sell pressure. Support broken..............
UBA: Still have strong support and 7.60.......... getting attention at 7.65
FBNH: 33.4M bids against 3.7M offers......................price still reluctant to move up............

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OakPearl:
We his supposed kinsmen are not aware oh.

Lol. How can you know when he no fit count the number of wives he get self.

nna777:
@Mcy. payment date is 26th not 6th. I know it was a mistake.

Corrected! Thanks.
Doing many things at a time, multi-tasking things.......

Profit taking ongoing in Ucap and Afriprud................
Another coy that released good result is Nahco.
IF they're not stingy, it should be rewarding too, if you can get btw the 2.50/2.70 range.
Pls note the IF and also note that the price range is exclusive of unforeseen circumstances.
Custodian Insurance also getting attention, one of the few good ones on the excchange but veryyyyyy illiquid.....

Ucap Dividend Info:
Dividend: 50kobo
Qualification Date: March 6, 2020
Payment Date: March 26, 2020
Registrar: Africa Prudential
http://www.nse.com.ng/Financial_NewsDocs/29123_UNITED_CAPITAL_PLC_CORPORATE_ACTIONS_FEBRUARY_2020.pdf

OakPearl:
Waiting for Agba's reaction on the obvious.

Agba no get mouth there.
I don divorce am sinceeeeee, his ministry failed to help my ministry. Lol.

[quote author=BAMOFIN1 post=86788466][/quote]Here's my small addition, in my own newbie's understanding:

c) why does the sales engine close at 2.15pm yet you still see trades effected at 2.30pm
** Sales engine does not close at 2.15 but 2.20
** Market closes officially at 2.30, reason you see trades effected till 2.30. There's however a 10min window (btw 2.20-2.30) within which all activities are controlled from within.

d) what real as opposed to theoretic protections do an ordinary investor has against loss of his money in a stockbroker account, especially a one-man controlled brokerage firm and
** Answered already. Just wanted to add that this is where having stocks in your investment account is really advantageous and makes transfer easy in case a brokerage firm winds up and becomes inactive. You can retrieve all your stocks back.

e) how do some traders use posting of huge bids or offers to manipulate price, assuming somebody call their bluff what will happen?
** That's why NSE is still porous, no better way of tracking such activities down so far.
** If you have money and have like 2 or 3 investment accounts with different brokers, you can easily do this. Very easy with penny stocks especially.
E.g, if you want to move Wema for instance, ...................................................... fill in the gap yourself.
(Some guys recently did this in Law Union).

Uchetoba:
http://www.nse.com.ng/Financial_NewsDocs/29126_WEMA_BANK_PLC._CORPORATE_ACTIONS_FEBRUARY_2020.pdf

Just a clarification letter, that the committal proceeding filed against Wema bank by Heritage bank has been withdrawn.

Afriprud: Getting more attention and riding on Ucap result.
People should have it at the back of their mind that Afriprud is pricing in its dividend already, once they release result, it may not fly as may be expected (except if its super outstanding). Not saying it would or would not o, make una understand me well abeg.........
UBA: Strong support at 7.60.....
Zee: The seller-gang were on ground with the wares displayed in units of 500k, 700k, 800k, 1.5M range, on wholesale prices......lol.

ositadima1:
Madam, I dey follow you o for nyach , e dey be me like say you dey meet target well o, if you buy I buy from now on. Ok ok, so na FCMB dey on board now?

Chai!! This one is strong ooo.
My bros, be careful of follow follow, this Mcy is neither a TA or FA person
We have quite a lot of experts here, they recommend stocks from time to time, only remember to do your due diligence before buying any, will be good if you ask for more clarification as well if unclear about it.
FCMB is a good buy for me within 1.80-1.85 range. Getting below 1.80 around this earning season is a plus.............pls note that this is purely my opinion.
UBA is also good at currentprice 7.55-7.70 range.

Premarket for Ucap: 43M+ bids at days high, 3.54. Chai!
From tomorrow or even today, some may start taking profit.