₦airaland Forum

Mpeace:
Wey that guy wey say him miss fcmb at 1.11. Food done land o. Fcmb dey wait for u at 1.10.

I actually came to type this. Walahi....

fxuser:
- d weekly RSI remains above oversold levels, its going to keep testing and breaking prev highs on d daily and weekly.
- the days of trading below N10 are numbered !

I seriously doubt that....

fxuser:
- see dat 30m support WALL
- um

They put that wall yesterday at N1.10 and today moved it to N1.11. and that made it look like something is cooking. LOL. We are watching them in 4D....

Fidelity Bank's result will tear down that support wall for FCMB.

OBAGADAFFI:
32,008,010 Bids

MM forming support level. You have 3 bids of 10m units at 1.10...... That's no sign of accumulation to me.

Am still yet to understand the rationale behind "those" that were busy buying GTB at N40+. But I can't also complain much because it's same guys that help crash the prices fast! I really appreciate their effort and support.

I only go out to buy "food" after heavy downpour of "rain". You usually don't get to find much "buyers" on the street but severally "shops" will be open, looking for "buyers". That gives you opportunity to be picky and as well, price as low as possible.

My family and I are earnestly waiting for GTB, Fidelity, Diamond, Dangflour at our usual prices.

May it rain heavily next week!

bigjay01:
Sold Zenith Bank @ 25.6 - Started buying back at 24.6 & 24. Had my 22.5 bid rejected today. Will try again tomorrow.

Sold GTB @ 38.6 - Had a 38.2 bid rejected today. Will try again tomorrow.

Also sold ETI @ 16.8 (bought at 8.9 in 2009). Apart from capital appreciation, it hasn't returned much. The proceeds will be moved to GTB.

NB - I am not normally a seller (I have only sold twice in 10 yrs). This time was only 'cos I am trying to move from my analogue broker (Signet) to Morgan.

Good luck to you Sir.

My family and I will not touch the likes of GTB till it goes below N30.00. and if it refuses to come down, Sai Gobe to it.

The exit door is getting thinner by the day. We are earnestly waiting....

DeRuggedProf:
I spotted the outsider!
He just realized he could not feed before the guys in the kitchen (non controlling interests)....

LOL.

Someone of similar characteristics was supplying non-stop during their journey from N152 to N60. I pray the "food" seller resurfaces...

@DeRuggedProf,

Can you see FO and that guy with N60 load?

stcool:
My tears goes out to people waiitng to buy @ lows in Sept/Oct...for they shall use both their capital & profits to re-enter the market.

OK!

Tritri:
In as much as i don't knw how to bet over the Internet. I would av love to even if it 1.5M . i can still go. Meanwhile 1M is only abt 29k unit..how does 29k unit drop price almost 25% down?

You keep recycling that amount till many other traders joins you. Mind you, there's already a bad feeling about the stock. Like I also said, it all depends on who's interested in the stock (either to defend or attack the stock), and I have never seen any MM defending Conoil.

Meanwhile, were you monitoring FO when it was on a free fall. Did you notice how trades were going?

Mpeace:
bros are u sure u can use only 1million to brimg down share price? Abeg come take money bring nestle down to 200 just for a minute

Is Nestle trading at N30+? Did I also say I will bring down a share price by 500%? Understand an argument before jumping in.

People manipulate share prices for several different reasons. I just painted one scenario for Oga Tritri. Most times, "they" need to set a tempo for a day or two and other unknowing parties (like you and I) will take over and finish the job for them.

FO went on full bid today but there are activities that happened before it did. DeRuggedProf saw the activities that led to the stock being on full bid.

Tritri:
Can we bet it won't go below 30 naira? Look at fcmb ..refuse to drop below 1.19

Are you Mr. Market

Make we bet 10M each? I will use only 1M out of the 10M and crash their share price below N25 before 6 trading days.

On FCMB, read my post on their first trading day after release of H2 result. You need to understand how these stocks are handled before beating your chest and looking for who to take a bet with.....

Tritri:
Ofcourse ...Even Oando and FO did better i might buy if it get to 18 naira....it was even on full offer before.

where is that lady asking why conoil hasn't moved...dis is to tell u some people knew dis and dumping.

On a closure note, if you discount other operating income of H2-2016, they did better this year.

Tritri:
Ofcourse ...Even Oando and FO did better i might buy if it get to 18 naira....it was even on full offer before.

I know you were indirectly yabbing the stock.

Now we understand why it remained stagnant.

But depending on who controls what, bears might not take over by next week. NSE is a wonderland.....

Tritri:
conoil has one of the best result dis Q2.

Is this sarcasm

DeRuggedProf:
Fxuser once warned that the MM has much load to carry than a camel will do in its lifetime, but someone was arguing that MM is very FIT...

The reverse gear of FCMB is always faster than the forward gears combined...

I think am the one that was arguing with Fxuser. But you will agree with me that the MM helped slow down the speed of the crash. Now there are interested parties sharing the burden of the load with them....

Also MM made it possible for someone like me to chop awoof 3% in a day and that's why I love them!

DeRuggedProf:
I was listening to CNBC a few days back and an analyst was saying foreign investors still see Banking stocks like GTB as cheap and are still placing orders........

On the other hand:http://www.unitedcapitalplcgroup.com/wp-content/uploads/2017/08/FCMB-Earnings-Update-H1-172.pdf

Sincerely, I love the fact that folks are buying at N40+. These are the ones that help create panic, thereby crashing the price as fast as possible. If the trades are only block trades on serious volume, then I will know that only FPI's are buying.

After-all, Diego was bidding up Guinness at 10% daily towards close of trading. They are also foreign investors!!!

But by the way, what do I know. Mr. Market decides ultimately....

DeRuggedProf:
I was listening to CNBC a few days back and an analyst was saying foreign investors still see Banking stocks like GTB as cheap and are still placing orders........

On the other hand:http://www.unitedcapitalplcgroup.com/wp-content/uploads/2017/08/FCMB-Earnings-Update-H1-172.pdf

I usually apply 20% - 30% discount to whichever TP being spread around by brokers/capital groups. Applying that on FCMB, I see them getting to 95k to N1.

And moreover, that "MM" got tired and didn't show up yesterday. If he (they) fails to show up again today, then 95k is not far fetched.

Just my opinion though which might also change at any point in time (t).

pluto09:
The sellers are on holiday
If i can't get today,i will move to other things

Stock that just sold on 93 kobo....

leo1234:
It has come to my notice that ci leasing is no longer available in the market. Both premarket and market.

And currently on total bid of 1.4m (From lowest to highest of the day). How person wan make serious money with this kind of stock?

Coolcash1:
Not only you and your family including me and bullbearmkt...

Kai, these 2 deep pockets. Make una no come hustle this sub 30 with me oooo

DeRuggedProf:
Some people are poised to 'manipulate' FO.
Look at the bid pattern....

Creation of imaginary support lines......

These folks that are buying GTB for N40+. Am still trying to comprehend what their expectations are and still unable to.

Well, me and my family are waiting for Sub 30.

fxuser:
yes boss !
d pull backs of Q1 greatly differs from d pull backs of Q2
those waiting at old price levels , go tire

Never Say Never. This is NSE......

This market that's looking like it's about to go up. Could this be a bear trap??

DeRuggedProf:
When did the MM become active, just before release of Q2?

Have you seen him (them)?

Though someone screwed up closing price target for them. Let me see if NSE will re-adjust for them.

fxuser:
same thing happened after Q1 !
Will it break N1 like d other time

You guys are forgetting that they (FCMB) have got a very active MM....

All these DiamondBNK cross deals at maximum of the day. Is that telling us anything?

Mpeace:
FBNH has a special relationship with oil companies especially oando. When oil price rises it rises and when the oil companies catch any kind of cold, it snizzes.

Na only FBNH "elp" oando with money? FCMB gat much more exposure to oando than FBNH.

BTW, my statement fbnh vis-a-vis SEC was a comic.

DeRuggedProf:

Investigating I mean...

Is SEC also investigating FBNH?