₦airaland Forum

sellydion:
The market is very weak now.

Bargain hunters are still picking and queuing.........
The thing is, some are still buying despite the dumping

Ucap made U-turn already........bids outweigh offers as at now........
Wapco, Access, UBA, dangcem.......bids increasing......more than offer as at now....
.
.

@Imm4real
Just keep your eye on Zenith ........Access too.....

*1st part edited first*..........make I go survey market the more...... Una go dey pay me for this market watch ooo.
Someone go say "who send me".

Lion123:
BUA is grossly overvalued and being manipulated by the big man at this point.

Lol. The owner controlling a larger share.
Can remember telling someone here to pick at 28/30 or so.
Na to just follow oga on top chop oo.

**Not any form of advice as the price don go up now**

Intendy:
Stocks with new 52 week highs
Neimeth #2.91k
Unity bank #0.86k
Bua #56.00k
Champion brew #1.05k
Airtel #500.00k

Despite the red on the floor xtyday, we still had new 52wks high. Interesting!
Peterichy did you still remember BUA?
It's N4 away from Mcy's projection (60), even though I'm in no way near an expert.
The small registrar's copy in my portfolio is showing +310% gain! Chai!!
Wish I'd made this 100% of my portfolio then, I would have just join the wine sipper under the mango tree and not come to market for a long time.
It is well.

locodemy:
I am sure bear doesn't come with indecision.Indicision we see now is the effect of circuit breaker which occured last week.

More upside

Judging from the volumes and closing, this price falls looks temporal.
GTB refused to fall to day's low of 24 something, so also Zenith, Access, UBA, dangcem and quite a lot of stocks ......
Bids even outweigh offers in GTB.......the market mirror ..

Reversal (up) may occur this week again from the look of things......
Let's see how it goes......

INTBREW:
Got lots of cross deals today at N7........
Is there another renewed interest here from some entities or money bags?
We keep watching.......

Cc: My fellow Intbrew lovers......

emmanuelewumi:
2% of bank customers have 98% of the deposits.

Just 2% of bank customers have 500k and above in their accounts. Over 99% have 100k and below.

....... meaning, if the masses decides to boycott, na wahala for the bank shey!
Its well. Thanks for the correction and supporting doc sir.

GTB: Bids higher than offer now......with a bulk of the bids at 33 and below......
Access: did 8.50 while UBA is maintaining 9, this equation no balance.......Access will go back to 9 or UBA will come down..
FCMB:. MM to the rescue.....
.

......but Zenith is getting more patronage.......lots of volume...
GTB: Not witnessing massive price fall/dumping.......
I think those in fundamentally sound stocks with very low entry should not panic........Do not sell in panic, you may not be able to enter lower again ..

Observing......

KatchyKobo:
Seeing FBHN drop to 7.50 and UBA and Access drop to 8.50, is now a good time to buy them?

Be patient, don't go and catch a falling knife.
Let's keep watching for supports (floor) for these prices first.

@KatchyKobo you may bid for some units of FBNH and UBA at days low tomorrow, then keep eye on the price mvmt to know whether to cancel your bid or adjust.......
Remember no one can accurately predict anything in this mrk. Make provision for averaging down if needs be.
Do your DD too.

PETERiCHY:
Most stocks has done more than 100% upside from their March low and you are still waiting for more direction

Yes nah.
In as much as fixed income and TB rates are still ridiculously low, I'm waiting ooo.

Peter, remember this bull is still more of local participation, by the time FX window is favourable, FPIs go still chuk head for market, you know. Just help us talk to your darling daddy in Aso rock.

samzepaparazi:
should we still be expecting january bull like this

Charts should be able to give some direction.......but the thing is, People are still buying despite that prices are falling..
We'll just have to keep eyes on Mr. Market........and also be getting ready to do some round trips again ..

arduino:
Na our Mercy you eye like this?

Arduino the village people pushed you into dangcem at 200 again, chai!!
....but you've been here since dangcem was selling for 116, 120, even 135 nah.
Better pay me, make I help you appease them, you know say I don tell you.

megawealth01:
You eh... No cause PANIC sha

Lol. Don't mind him.
Q3 results will give more direction, it's just to play safe before then.
Wonder whats causing the delay

ayztech:
I don't understand anymore oo... this one still be retracement or gear changed to reversal?

If you're not for long term then reduce your exposure in the market.

One of the things the circuit breaker could cause. The bull tried small, for 2 and half months.........results or renewed interests should bring some stability.......

Though volumes are still much but it's more in the reverse.......

Quite some sell off in the market.......
Those selling will still be selling at profit......after many stocks appreciated by 100% and more......
Reason why entry price is important......

Market still awaiting Q3 results, which are long overdue.........

RichEstate:
I'm grateful for this interactive office. Pls bring profs and seers back o. Aunty mercy, if not that you are married, I don't mind giving you my daddy. you are priceless. Agbalowomeri...baale jontolo. Paemma. You are all doing well.

Lol. I fit port nah, make I come dey live for daddy's rich estate, make I stop coming to market everyday.

Na joke o......before some people go shout women and money....

DexterousOne:
Indeed
Glad you understand my point.....
On a side note
Let's see what the market has in store for us today

Yes. We're watching......

Fidson 6.50!

The analysts are seeing positive momentum this week.......can't post analysis now.......let's see how it goes......

DexterousOne:
Dont be too sure

Accessbank understand the severity and risk this portend
Hence their statements and the PR actions they are trying to take

If they are dismissive of this "threat"
They may pay dearly for it

Okay.

swilo:
My greatest concern with Transcorp is that the books don't seem to support any further upward movement.

Or is Afam bringing anything major to the table?

Yes. The book doesn't support for now but I just think it's a gradual process once they're done "planting".
There's a new management in place which is more important aspect of turning the coy around for good. I want to believe it's a matter of time they'll get on right track........this is just my perspective.

Harvestock01:
With all the structuring and subsidiaries, Transcorp may end up like OandO.

Oga, how else could the stock have been punished than it was done since last year or so?
A stock that fell all the way from the top to 51/54 kobo? Some people bought at N7 or so.
Abeg pity investors nah.
Transcorp has witnessed the worst, the good/best can only come from now on.......just my opinion anyway.....let's keep watching.

Zenith : The resilience is still there......
Bids are building up. ......

Transcorp : Bargainers picking at 1.15.........
Will it turn up from there? We are watching.....

Mixed reactions in market so far........

emmanuelewumi:
.
Very good, so that interested investors can buy at a discount

The stock is not even fallen as some may be expecting........
Who are those boycotting? Definitely not the moneybags. Maybe it's those guys with kobo-kobo accts.
If Access should fall, then it's going to be due to general market condition and not any boycott.

swilo:
Oga Mpeace, good morning.
I have missed the super squad. CP, OGG, Rabbi, BBM, Mercy, Agba and some good hearted fellows.

Swilo where have you been?
Glad you're okay and here again.

dharpzee:
http://www.nse.com.ng/Financial_NewsDocs/31896_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20TRANSCORP_SAC.pdf

This is another milestone for Transcorp.
In my layman's understanding, Transcorp is positioned for more goodies in near future with more vibrant and efficient management in place.
We keep watching this space.

Btw, the resilience of JAPAUL today was surprising. Refused to fall but still did +10% to close at 33kobo, funny stock.
So also Chams........closed at day's high....28kobo. ........just observation.

Volumes still much amidst the red.......
Dangsugar moved up to 22.......
Wapco up with 35kobo......
Zenith moving up small small.....
Also some other ones.....
Bull doesn't seems done yet.......
Next week will give more direction.....
Enjoy your weekend.

zimams:
The first half of today looked great for jijoists ..
I was watching it all play out as I sat in traffic.....lol! What a day!

Lol. Too many activities within the period......
I think what happened today has to do with the circuit breaker of yesterday.

KatchyKobo:
Good day.
Abeg what does Jijo mean?
Fugaz too?
And yes k didn't finish the 6000 pages curriculum but I'm getting a hang of a couple of things from my two months in here

JIJO - Jump In Jump Out
This involves buying a stock at lower price and sell higher within short time, which could be within a day self.........and the short time in my own view is within a day to 3......depending...
Loco is the oga for JIJO here. He may have better answer.

F. u. g. a. z : Acronym for 1st tier banks.....
First Bank UBA GTB Access Zenith

Hope I don't get banned for this.

locodemy:
10 10% down should give concern.
Until then, no panic

Not now with the look of things......
Let's keep watching....

Wapco back to 24........

locodemy:
Our Jijo time is coming not now.
Market is taking another balance for next week rally.

I thought you already activated your JIJO mode self.
Think you're right, investors are still picking despite the fall, volumes still much......
We'll see what Next week will look like, God willing.....
......but let people trade safe o.