₦airaland Forum

Agbalowomeri:
Finally, here comes the global crash

Once oil drops below $55, na to start stocking dollars.

OGOg:
Started studying the book on technical analysis that was recently given to everyone that tastes for knowledge by our ever generous infinitisi.
I discovered that my trades were like that of a mad man with a lighter in a gas station. I have been paying tuition without really learning anything.
At least now I can make some sense of fxuser posts. Whom I also humbly implore to give us a link to NSE chats so that we can also interpreted for ourselves.
Nomoreschoolfees

As long as you are in this business, school fees payment are for ever. It's like learning in life, you never stop learning!

bigjay01:
If you were around about 6ish yrs ago, you'll remember that at certain prevailing mood, the price of equities were very detached and isolated from declared results.
Infact one would have thought that there was some kind of inverse relationship between the two parameters.

Exactly my point. Trading in NSE is all about time and season. Some traders willingly bought Zenith earlier this year at ₦28 and were able to make about 15%, as things are now, they are not comfortable buying it at 24 because they believe it will go much more lower.

The period you referred to, Zenith was rejected at ₦11 and some lucky ones later got it at below ₦9 but still their performance (result wise) was same within those two timeframe. Na so country take be at that time.

Yayira:
He missed no point.. as you sabi quote history you should also remember that the fundamentals as at when sctool said that went from bad to worst.. and as fundamentals changes so are fair prices and people’s decisions.. what he expected was not what he saw in their result so he’s free to change talk.

And who's saying he's not free to change his mind? Go and re-read my post and pay more attention to "E get as country go be.....".

You are also saying that he's free to change his mind when things became clearer but the people he referred to in his post that will change their mind when Zenith gets to ₦15 are mere spectators.

Your double standard holds no bound though.

GonFreecss1:
But Diamond Bank Fundamentals are not good enough. If Zenith Bank should go as low as that with current fundamentals, lol! I will be buying a lot! Too much sef.

You definitely missed the point.

stcool:
Even if they see GTB at 18 Zenith at 15....dey wont still buy...many are spectators

You said severally that you will keep buying Diamond as long as it touches ₦1.09.

It traded 86k today, how many truck loads did you buy?

Market is not stagnant, so should buyers/sellers. E get as country go be tomorrow and I will not even touch Zenith at ₦12 if it becomes glaring it's headed for ₦10. That wouldn't make one a spectator at all!

aremso:
you are right, even JAT of oando confirmed it at a summit in uae. He said the price may likely drop to 60 very soon so they will need to double their crude production

And by the time everybody (and every country) doubles production, Janet will be here, naira will drop to 700 per dollar and Zenith will sell again for ₦8 per share. LOL.

Agbalowomeri:
GTB is travelling with the index to figure 27

They are gradually coming home to Daddy....

Mcy56:
Seems you're in diamond the way you are defending it upandan.
Of course, bargain hunters are waiting and watching in one corner should it not go the way of Skye.
People are in this biz mostly to make profit na.

I doubt think FX is/was defending DBN. He only stated facts, how unpredictable humans can be.

He trades oil, currency, crypo.... You think say na DBN go scare the guy?

fxuser:
- bought very lil oh , money dat cant buy carton champagne oh ..
- itchy finger wahala ! i fail at ff my rules lollx

I throw way cap for you, you have gat some balls.

Yayira:
That offer has been there since yesterday.. the person no won sell but they used am mount fear..
His/Her offer is always at day high, who go buy ?

Ok. Lets keep watching and see how the reggae will end today but I strongly believe it will end on full offer though. Just my thought, no insider information.

If I may also ask, what has the media really got to do with this DBN massive drop? They reported that Access Bank wants to take over Diamond, and both Access and Diamond came out debunking the news. I really do not see how they are responsible for this sharp decline. People are scared knowing that DBN is really in a deep shit.

fxuser:
86 kobo wants to see hw far ! !

78k seems very scared of the bears.

fxuser:
20m traded rather .....

You see that 20m and 30m at 1.04, they are waiting for bid to increase before they drop their price. This is going to be interesting though. LOL.

fxuser:
sentiment will start taking different shape , its then pipu will remember book value lolx

After what just happened in Skye Bank, it will not be that easy for DBN to move. Most of these "sentiment" based buyers got stuck in Skye Bank, they wouldn't be in a rush to come for Diamond.

But humans, history and memory. They might come for a repeat show if it breaks below 65k.

I have been wrong severally on these assumptions.

veecovee:
Haven't you heard that angels slap?

You wey carry church money come play gambling for NSE. Na you they go first slap ni.

kolaish:
lucky you. At least, you have relative peace now.

Relative peace kee. Am still trying to gain access to his account. I must re-purchase diamond bank shells for him.

Forum Member missing - High Chief Sir Loco!

Mcy56:
Wisdom will not woundjure you boss.

Somehow I support someone that will keep this stock as a gentle reminder never to be "stupidly" hopeful again.

My Dunlop Purchase notification emails are printed and framed, hanging by the corner of my study. That's my own reminder never to be "stupidly hopeful".

Mcy56:
Diamond 111m offers.
When I said some were lucky to sell their shells xtyday, it looks somehow.
Is it not better to have something back from your sweat than to loose it totally. If skye shareholders were given such opportunity I know they would have made better use of it.
Back to watching mode.

You means - If you were given such opportunity... LOL

Mcy56:
He no even waste time.

Imagine if he had waited, there are now 43m units at the lowest of the day! Enough of DBN shaa. Let's look and wait for better deals.

Mcy56:
Thanks.... but the ones you mentioned doesn't have any penny stock inside na.

10% profit is 10% profit whether it's a penny stock or in the class of Seplat, Nestle.... No be capital increase you dey find? Abi you want to be board member?

Someone has a single order of about 20m units of DBN for sale. See gbese ooo. May God provide a rescuer for him.

Mfunkynation:
am using Firefox. i have access to my account portfolio via http, but real-time itrade does not connect.. thats my issue

Try Microsoft Internet Explorer Sir.

Mfunkynation:
hmmmm, i ask a question... and you ask me a question back... am confused

Sir,

It's a way of asking you to go do DD. If you compare the financials of those listed banks and that of Honey Flour, would you still pick Honey Flour mills? Unless you have insider information that they are coming out with a superb Q3 result.

DeRuggedProf:
MM is recruiting.....

That one na Initial Gra Gra (IGG). A friend of mine rushed in yesterday (after convincing himself that the people buying are not stupid). He quietly alighted from the bus this morning. Na so e go dey happen for a while now.

Mfunkynation:
please i cant open MC real-time itrade platform?

There were discussion round that yesterday. I think you should use another browser other than google chrome.

DeRuggedProf:
I MAY wear trouser of one leg at N77K together with Dozie......

LOL. That money you can afford to loose. All the best.

What if 77k fails to hold? Someone is systematically offloading at 95k. Have you noticed?

Mfunkynation:
please kindly list them. God bless you

They have been listed here severally. Go through CP, Agba, etc posts. If you are ready to buy stocks today, would you leave Access, UBA or Zenith and go for Honey Flour shares?

DeRuggedProf:
WILL...

Thanks for the correction Prof. But you know that price of wheat (one of the key elements) might improve and that might show on their PAT.

Mcy56:
Diamond just dey steal the spotlight from other stocks since Monday. 95k now.
These guys dont always have pity for small investors.

They are getting patronage today and if it fails to hold at 95k, next stop that will usher in buyers will be 77k.

After 77k, na Polaris go get the bank!

Mcy56:
@mendes911, At what price do you think one should be looking the way of honeywell?

looking at it's historic, N1.00 seems like a support level but their Q2 result was very awful and might get worse by Q3.

If I see 70k, I might try my luck. Presently, there are far better stocks on the exchange than Honey Flour.

And MSCI sold their Seplat shares earlier this year to load more of Diamond Bank. On top their billions, they no even get insider gist. I sorry for them. They will run from Nigeria same way Tiger Brands did.