₦airaland Forum

What could be wrong with JBerger?

megawealth01:
Like mercy would say only Mr. Time can tell

It's a borrowed phrase from Oga OGG himself.

locodemy:
So this market has remoulded you in this way?
You I know that always jump in and those ogas will be laughing at your entry and you will jump out with a nice haircut.

Finally,you don become a graduate.
Very soon you go get PhD in market timing.
No come be like chibyke nwanne m.

Lol.
As per say I don wise up after paying several school fees.
I can't be like Oga Chibu, he's on a different level entirely.
Im just using Fidelity's body language to gauge fcmb's performance.

megawealth01:
I've joined oga loco on fcmb @.70

Why 1.70? Cos of MM magic shey? Lol.
Not saying is not good at 1.70 ooo.....for those already inside the bus......but you should have waited a bit.

GonFreecss1:
My fellow Jaupalian o...
Hahahaha

Lol.
He that is down fears no fall......

Chibuking81:
GTB will likely visit #19 this week and Zenith probably #13+ to find support at #14.

Oga Chibu, GTB and Zenith may surprise us, they may want to dip hands in their reserve to compensate investors........only that long term effect of this might not be palatable if economy doesnt pick up on time for them to cover it.

Zenith getting to 13 or so will be highly dependent on how disappointed the shareholders may be if interim is not up to expectation.
This is just my opinion. I may be wrong.
Whosoever is buying should buy fundamentals and be ready to average down should price go lower.

Megawealth, if you look closely at GTB table for the past 1hr+, you'll see the kind of thin volume lined up from 20.85 to around 19...
Though there were high volumes traded earlier and well above 21 but slowly it started coming down.........lots of uncertainty and double-mindedness on the part of retail bargainers.....
I'll add this, like my ogas used to advise, know what you're buying into. Sometimes you have to close eyes to daily price movement.
Having said this, do your DD and follow your mind

megawealth01:
Zenith @15.7 and GTB @21 good buy? The gurus in the house please help... MADAM MERCY and my ogas help out also

Last week I mentioned sub 15 when Zee was selling for 16+......Where were you when it sold for 14.80?
Just follow your mind and buy at your convenient junction cos no one can time Mr. market.
As for GTB, Sub 20 bargain will be okay........but as you know, no one can adequately predict the market, so you can be buying in tranches.....since the board is considering interim dividend, only that we don't know if it will be up to last year own, considering the fact that Q1 was flat.

akinssan:
Great fight btw bull and bear, second wave of covid-19 no dey here now.

We don't pray for such. Not a good thing at all.

webizone:
But am curious to know, what's yours?

A short termer and a jijoist.

ositadima1:
Deep pockets?

Pls try and Google it.
Seems oga OGG or one of the ogas have explained in details what they stand for and what their works are.
Someone should pls help out here as well.
I need to go now.

webizone:
Ok mine's to ride the big gains as much as possible then get out, roughly on the short term.
Or as long as price is no longer favourable.

Wish you all the best and more greens to your portfolio.
Just try and get your entries right.

ositadima1:
What does MM stand for

Market Makers.

webizone:
How long do you keep the position if you get in?

Depends on your investment objectives.

Bbbwings:
Pls why fidelity, when dividend yield is around 12%
Zenith is at 17%

Sorry, my response was strictly based on the question asked by Moda1........based on my observation.
Nothing is wrong with Fidelity pls.

Let me come and be going ........my ogas will be available to answer the tech part.

Moda1:
My order got filled at 1.66 right now . Thanks ma'am.God bless u

You're welcome.
If it falls further, you can be averaging down from that junction.........and I dont think fidelity will go below 1.60.........barring any bad news, God forbid.

akinssan:
Mcy, what happen in FCMB?

I already said ......let me come and be going o.

Whatever affects fidelity will affect fcmb ......either up or down, they move together.
So, if fidelity is down, don't expect much upward swing with fcmb, no matter how the MM tries.
Also note that Fidelity in my own opinion is the leader of the tier two banks as well.
That's my opinion.

locodemy:
Economy is re-opening.people are selling to put businesses on a good stand.This is the only thing I failed to apply.

You're right.
All is well.

S007:
Panick selling. Major banks already getting to oversold territory. Many of them around another major support level. Reversal northwards should be happening soon.

I hope so too.

Let me come and be going .......before my reports cause panic here......though just saying what im seeing........cos this place is somehow quiet........

I hope those inside fundamental stocks aren't panicking anyway........las las you average down and everyone will be alright.

locodemy:
If you fail to see rise in prices by next week,expect below March low soonest.

Support is yet to be broken by majority.

I really wish market could reverse up, you should know by now that I don't really like seeing red on the floor.
I hope it's getting to the peak anyway.

Moda1:
Thanks sis

Fidelity is 1.66 now.
Start setting your traps.....

locodemy:
Deliberate act.
V-shape recovery is eminent unless there is a bloody news

Loco you still called this deliberate act?
No wonder "nicals" is missing from your "Tech".
You know I asked you on Monday or Tuesday when you said you saw bullish signs if that's what your TA is telling you.

locodemy:
I can only see tech,
Nicals is missing but will be found by 2pm

Hhmmm.
Banking supports getting broken anyhow.

leo1234:
No money.

It's well.

akinssan:
I think most of us don't know how the banks operate in Nigeria during the closing of the month .
reduce or don't transact during the month-end and the first day of the month.
The account got to balance ooooo.

Exactly. Anyone targeting any transaction with banks, PFAs, brokers and those in the category should avoid end of the month as much as possible.
Even doing transfers from one bank to another too.

machine606:
I have sent mails to them at about 2am this morning.
As at writing this, I am yet to receive any response..

Fwd a copy to michaelj@morgancapitalgroup.com and also follow up with a call.
Bear in mind that this is the end/beginning of a new month, they might be very busy too.

arduino:
Those bidding up Jaiz and Unity should mind themselves ooohhh....... Was able to get few Afolabi units of the latter @0.46k yesterday sha.
I need Jaiz @0.50k. Bidders take not

Lol.

akinssan:
Support might break 'cos Elliot wave is getting weak....

Okay. So you can see what I'm seeing there too....

UBA: Using one leg to test below N6...
Zenith: Too much bargain hunters.......taking position between 15.25 and 15.50..........will it go lower or build support at that region? We're observing.......

akinssan:
Sis mcy .....Support @ 1.73, buy and average down if it tanks but am spotting somethong hanging for southy movement.
volume is above daily average.

Wetin l sabi

You Sabi well well pass me self.
....but I'm just looking at a situation where the general market is tanking, support can easily be broken...... bargain hunters wouldn't want to bid higher too.

If you check fidelity table, the bulk of the bids are from 1.60 and below.

Moda1:
Thanks sis

That 1.70 is not bad too.
You can start cherry picking from that spot.
Hope you understand that nobody can accurately time the market, hence the need to be picking gradually from a safe junction and averaging down from there if it goes further south.

stcool:
Japual Gold digging

https://nairametrics.com/2020/06/11/fg-inaugurates-gold-refinery-project-boosts-smaller-scale-mining-operations/

Was even searching for the new name again. Japaul Gold and Mining something....
I'm trying to see correlations here.

Could the Access waiver, change of name, coming up with right issue/private placement......be a coincidence or have something in connection with the project? Just wondering.....
We'll see how all these plays out.......

Caveat: just thinking out loud. I no get strength for any argument. No one should bother to quote me......except Jaupalians maybe.